[Readers’ Q&A]: What’s the Difference in Rate between Ground and First Floors?

Question posted by one of B-n-M's readers, Robert Ravi in the comments section of one of our earlier posts titled: "[Readers' Q&A]: What's the Difference between Floor...":
>Hi,
That was a very good info. Please (tell me) what is the differnce in sq.ft rate normally between ground floor and first floor (excluding special elevation work) for an independent house
Regards
Robert

Posted by Robert Ravi to BRICKS-n-MORTAR.com at Sunday, August 16, 2009 1:12:00 AM IST
Team B-n-M answers...

Dear Robert,
To be very frank, there is no hard and fast rule or law / guideline of government or an authority that decides what rates can be fixed for different floors of a particular building. On the other hand, the prices of floors are calculated/ quoted based upon a number of other usability and valuation practices that may also vary from place to place and time to time.

For the sake of simpler explanation, the standard and widely accepted basis of such valuation can be considered with respect to the following:
  • Area usability factor --- Ground floor has usually more open area in the form of courtyards/ lawns/ parking space; while the top floor has in some of the cases roof rights. The floors in between have the set super area with no extended spaces. As such the ground floor and the top floor have a higher rate tag than other in between floors due to this aspect.
  • Ease of usage --- The ground floor is the easiest to access. It pays especially for aged people and otherwise when one doesn't want to climb the stairs to get into one's home. The rate of ground floor, therefore, is higher than the other floors due to this aspect. The higher you have to climb up, the more is the decline in the rate (although it is a marginal decline).
  • Other factor --- If the ground floor of a building is a bit intrusive or not free from the usual eyesores, or is not that appealing because of any factor, in such cases the first floor commands more premium that the ground floor.
Robert, since we do not know which type of building you have in your mind, or who the builders/ developers of the building are, we take an example of some of the key reputed builders' two-to-three-storeyed building on offer these days to give you an idea of the type of difference in the rate of a ground floor flat and a first floor flat. Do keep in mind that this may vary from place to place, or for builder to builder, or type of colony, etc.

In general,
  • if the ground floor flat has certain facilities like front/ back courtyards/ lawn/ garden, etc., then the rate of the first floor may fall in the range of 85% to 90% as compared to that of the ground floor.
  • On the other hand, in case there are only two floors in the building and the first floor has also got full or part roof rights, then the rates of the either of the floors shall not vary much.

Hope this gives you some insight and may help you in taking the appropriate decision. For any other information/ clarification, do let us know.

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