Understanding Carpet Area and Super Built-up Area December 4th, 2011 Posted in Investments, Real Estate
There are many jargon being used in the real estate market which are confusing and misleading. Most of us are unaware of these terms and end up paying more than what we are actually supposed to pay while buying a property.
We will discuss only three important terms – Carpet Area, Built-up Area and Super Built-up Area.
Carpet area is the actual usable space in a house.
It is the total space a house consumes which includes the carpet area and the area of the walls put together. It is approximately 10% more than the carpet area. The area of a terrace is usually considered as half of the built up area.
Super Built-up Area
The Super Built up area includes built up area plus common usable spaces like stair cases, passages or lifts. This is usually 25% more than the Built up area. The Super built up area is also known as the Saleable Area.
Let us see how these calculations are done through an example:
Suppose the saleable area of a property given in an advertisement is 875 Sq.ft. How much is the actual carpet area?
To arrive at the carpet area, measure the area of each bed room, dining room, living room, kitchen and toilets and add them up. Now add half of the area of the terrace and area of any common passage to this total. This is the actual usable space or carpet area of the house you are buying.
Suppose the carpet area that you arrived at is 700 feet. But suppose the super built up area shown in the advertisement is 875 sq.ft. How did they arrive at this figure? As mentioned above, the Super Built up area includes built up area plus common usable spaces like stair cases, passages or lifts. This is usually 25% more than the carpet area. The Super built up area is also known as the Saleable Area. As a simple mode of calculation, multiply the carpet area by 1.25 to arrive at the Super built up area or saleable area. Thus 700 * 1.25 = 875 sq.ft. So the total area for which you are required to pay is 875 sq.ft. The rate payable is per square foot decided for the property according to the location and amenities provided.
In short, effectively, you get only 700 sq. feet of actual usable space when you pay for approximately 875 sq. feet of property because of this difference in carpet area and super built up area. Whenever you are in doubt, you can apply the thumb rule of multiplying the carpet area by 1.25 to arrive at the super built up area and with the same method, you can compare the prices of various properties available for sale and go for the best deal among them.
Some builders, misguide people and show only the basic price of the property and they intentionally hide various other charges payable like maintenance charges, cost of power generator, lift charges, car parking, cost of furnishing of kitchen, electrical fittings etc. The total cost of the property may overshoot your budget when you pay for these amenities separately. Therefore, it is quite essential to check what all facilities are included in the quoted price of the property.
It is better to put all facts and figures on paper and calculate the area, price, amenities, facilities, ROI due to cost appreciation and rental income, tax liabilities etc. before deciding on purchasing a property.
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