Definition of Terms, Classification Legend & Agricultural Lands

April 12, 2017 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 47 - EAST MAKATI IMPLEMENTATION OF THE REVISED SCHEDULE OF ZONAL VALUES OF REAL PROPERTIES IN THE CITY OF MAKATI, NATIONAL CAPITAL REGION (6TH REVISION), WITHIN THE JURISDICTION OF REVENUE DISTRICT OFFICE NO. 47-EAST MAKATI FOR INTERNAL REVENUE TAX PURPOSES DEFINITION OF TERMS RESIDENTIAL LAND/CONDOMINIUM PRINCIPALLY DEVOTED TO HABITATION. COMMERCIAL LAND DEVOTED PRINCIPALLY TO COMMERCIAL PURPOSES AND GENERALLY FOR THE OBJECT OF PROFIT. INDUSTRIAL DEVOTED PRINCIPALLY TO INDUSTRY AS CAPITAL. AGRICULTURAL DEVOTED PRINCIPALLY TO RAISING OF CROP SUCH AS RICE, CORN, SUGARCANE, TOBACCO, ETC. OR TO PASTURING, INLAND FISHING, SALT-MAKING, AND OTHER AGRICULTURAL USES INCLUDING TIMBERLAND AND FOREST LAND. GENERAL PURPOSE RAWLAND, UNDEVELOPED AND UNDERDEVELOPED AREA WHICH HAS POTENTIAL FOR DEVELOPMENT INTO RESIDENTIAL, COMMERCIAL, INDUSTRIAL, INSTITUTIONAL, ETC. MUST NOT BE LESS THAN 5,000 SQUARE METERS. CONDOMINIUM IS AN INTEREST IN REAL PROPERTY CONSISTING OF A SEPARATE INTERESTS IN A UNIT A RESIDENTIAL, INDUSTRIAL OR COMMERCIAL BUILDING OR IN AN INDUSTRIAL ESTATE AND AN UNDIVIDED INTERESTS IN COMMON, DIRECTLY AND INDIRECTLY, IN THE LAND OR THE APPURTENANT INTEREST OF THEIR RESPECTIVE UNITS IN THE COMMON AREAS. VICINITY MEANS AN AREA, LOCALITY NEIGHBORHOOD OR DISTRICT ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A STREET BEING LOCATED. CLASSIFICATION LEGEND CODE CLASSIFICATION RR Residential Regular CR Commercial Regular RC Residential Condominium CC Commercial Condominium CL Cemetery Lot A Agricultural GL Government Land GP General Purposes I Industrial X Institutional APD Area for Priority Development PS Parking Slot AGRICULTURAL LANDS A1 Riceland Irrigated A2 Riceland Unirrigated A3 Upland A4 Coco Land A5 Citrus Land A6 Fishpond A7 Swamp A8 Nipa Land A9 Cotton Land A10 Cogon A11 Abaca Land A12 Orchard A13 Pineapple Land A14 Banana Land A15 Pasture Land A16 Corn Land A17 Sugar Land A18 Tobacco Land A19 Cacao A20 Lanzones A21 Durian A22 Rambutan A23 Mango A24 Mangrove A25 Camote/Cassava A26 Bamboo Land A27 Peanut Land A28 Soy beans Land A29 Grape vineyard A30 Pepper Land A31 Mineral Land A32 Non Metallic mineral Land A33 Coal Deposit A34 African Oil Land A35 Rubber Land A36 Forest Land/Timber Land A37 Horticultural Land A38 Salt Beds A39 Seashore A40 Resort A41 Sandy/Stony A42 Prawn pond A43 Sorghum A44 Ipil-Ipil A45 Kangkong A46 Zarate A47 Vegetable Land A48 Coffee A49 Mountainous/Hilly Areas A50 Other Agricultural Lands BUREAU OF INTERNAL REVENUE REVENUE REGION NO. 8-MAKATI CITY REVENUE DISTRICT OFFICE NO. 47-EAST MAKATI SCHEDULE OF REVISED ZONAL VALUES OF REAL PROPERTIES (6TH REVISION) PROVINCE NATIONAL CAPITAL REGION City/Municipality MAKATI CITY Zone/Barangay SAN LORENZO D.O. NO. 022-2017 BARANGAY: SAN LORENZO-AYALA CENTER * Effectivity Date June 11, 2017 STREET/SUBDIVISION VICINITY CLASSIFICATION 6TH REV. ZV/SQ.M. EAST DRIVE AYALA CENTER CR 500,000.00 HIGHWAY DRIVE AYALA CENTER CR 500,000.00 HOTEL DRIVE AYALA CENTER CR 500,000.00 MAKATI DRIVE AYALA CENTER CR 500,000.00 NORTH DRIVE AYALA CENTER CR 500,000.00 OFFICE DRIVE AYALA CENTER CR 500,000.00 PARK SQUARE DRIVE AYALA CENTER CR 500,000.00 RIZAL DRIVE AYALA CENTER CR 500,000.00 SOUTH DRIVE AYALA CENTER CR 500,000.00 WEST DRIVE AYALA CENTER CR 500,000.00 THEATER DRIVE ** AYALA CENTER CR 500,000.00 * GIVEN A SEPARATE CLASSIFICATION IN THE 6TH REVISION ** NEW STREET BARANGAY: SAN LORENZO (LEGASPI VILLAGE) * STREET/SUBDIVISION VICINITY CLASSIFICATION 6TH REV. ZV/SQ.M. A. ARNAIZ LEGASPI VILLAGE SIDE CR 320,000.00 SAN LORENZO VILLAGE SIDE CR 280,000.00 ADELANTADO LEGASPI VILLAGE CR 300,000.00 AGUIRRE LEGASPI VILLAGE CR 300,000.00 AMORSOLO ST. LEGASPI VILLAGE CR 320,000.00 AYALA AVENUE EDSA TO PASEO CR 550,000.00 PASEO TO GIL PUYAT CR 500,000.00 BENAVIDEZ LEGASPI VILLAGE CR 300,000.00 X 300,000.00 BOLANOS LEGASPI VILLAGE CR 300,000.00 CARLOS PALANCA LEGASPI VILLAGE CR 300,000.00 CASTRO LEGASPI VILLAGE CR 300,000.00 DELA ROSA LEGASPI VILLAGE CR 400,000.00 ESPERANZA LEGASPI VILLAGE CR 300,000.00 ESTEBAN LEGASPI VILLAGE CR 300,000.00 GALLARDO LEGASPI VILLAGE CR 300,000.00 GAMBOA LEGASPI VILLAGE CR 300,000.00 GIL LEGASPI VILLAGE CR 300,000.00 GREENBELT LEGASPI VILLAGE CR 450,000.00 JIMENEZ LEGASPI VILLAGE CR 300,000.00 LEGASPI ST. W/IN GREENBELT AREA CR 420,000.00 PASEO TO DE LA ROSA CR 400,000.00 X 400,000.00 MAKATI AVENUE LEGASPI VILLAGE CR 500,000.00 NIEVA LEGASPI VILLAGE CR 300,000.00 ORMAZA LEGASPI VILLAGE CR 300,000.00 PASEO DE ROXAS LEGASPI VILLAGE CR 450,000.00 X 450,000.00 PEREA LEGASPI VILLAGE CR 300,000.00 RADA LEGASPI VILLAGE CR 300,000.00 X 300,000.00 RODRIGUEZ LEGASPI VILLAGE CR 300,000.00 SALCEDO LEGASPI VILLAGE CR 400,000.00 X 400,000.00 SORIA LEGASPI VILLAGE CR 300,000.00 SOTTO LEGASPI VILLAGE CR 300,000.00 TRASIERRA LEGASPI VILLAGE CR 300,000.00 V.A. RUFINO LEGASPI VILLAGE CR 400,000.00 X-Institution, embassy, church and school * GIVEN A SEPARATE CLASSIFICATION IN THE 6TH REVISION AS LEGASPI VILLAGE BARANGAY: SAN LORENZO (SAN LORENZO VILLAGE) STREET/SUBDIVISION VICINITY CLASSIFICATION 6TH REV. ZV/SQ.M. ABELARDO SAN LORENZO VILLAGE RR 160,000.00 AMORSOLO SAN LORENZO VILLAGE RR 130,000.00 APOSTOL SAN LORENZO VILLAGE RR 160,000.00 ARGUILLA SAN LORENZO VILLAGE RR 130,000.00 BALMORI SAN LORENZO VILLAGE RR 160,000.00 BRIONES SAN LORENZO VILLAGE RR 160,000.00 EDADES SAN LORENZO VILLAGE RR 160,000.00 ESTELA SAN LORENZO VILLAGE RR 160,000.00 HERNANDEZ SAN LORENZO VILLAGE RR 160,000.00 HIDALGO SAN LORENZO VILLAGE RR 160,000.00 JOAQUIN SAN LORENZO VILLAGE RR 160,000.00 JUAN LUNA SAN LORENZO VILLAGE RR 160,000.00 LIPPAY SAN LORENZO VILLAGE RR 160,000.00 MELANTIC SAN LORENZO VILLAGE RR 160,000.00 NACPIL SAN LORENZO VILLAGE RR 160,000.00 PONCE SAN LORENZO VILLAGE RR 160,000.00 ROCHA SAN LORENZO VILLAGE RR 160,000.00 SAN LORENZO DRIVE SAN LORENZO VILLAGE RR 200,000.00 TAMPINGCO SAN LORENZO VILLAGE RR 160,000.00 TOLENTINO SAN LORENZO VILLAGE RR 160,000.00 ZARAGOZA SAN LORENZO VILLAGE RR 160,000.00 ZIPPER SAN LORENZO VILLAGE RR 160,000.00 ZULUETA SAN LORENZO VILLAGE RR 160,000.00 INSTITUTION/SCHOOL SAN LORENZO VILLAGE X 200,000.00 X-Institution, embassy, church and school * GIVEN A SEPARATE CLASSIFICATION IN THE 6TH REVISION AS SAN LORENZO VILLAGE BARANGAY: SAN LORENZO STREET/SUBDIVISION VICINITY CLASSIFICATION 6TH REV. ZV/SQ.M. 6750 * AYALA AVE. CC 180,000.00 PS *** 6756 BANKMER BLDG. * AYALA AVENUE CC 120,000.00 PS *** 6762 NATIONAL LIFE * AYALA AVENUE CC 120,000.00 PS *** 6764 STI HOLDING CENTER * AYALA AVE. CC 120,000.00 PS *** 6776 SECURITY BANK * (FORMERLY PACIFIC BANK MAKATI CONDO) AYALA AVE. CC PS 165,000.00 *** 6778 METRO BANKCARD * AYALA AVE. CC 160,000.00 PS *** 6780 JAKA * AYALA AVE. CC 170,000.00 - PS *** 6788 MAKATI SKY PLAZA * AYALA AVE. CC 180,000.00 PS *** III PASEO DE ROXAS PASEO DE ROXAS CC 80,000.00 PS *** ALL SEASONS BUILDING AGUIRRE ST. CC 70,000.00 PS *** AMORSOLO CONDOMINIUM AMORSOLO ST. RC 60,000.00 CC 70,000.00 PS *** AMORSOLO MANSION AMORSOLO-V.A. RUFINO RC 60,000.00 CC 70,000.00 PS *** ASIA TOWER PASEO DE ROXAS RC 100,000.00 CC 120,000.00 PS *** ASIAN MANSION I DELA ROSA ST. RC 65,000.00 CC 75,000.00 PS *** ASIAN MANSION II (CONDOTEL) DELA ROSA ST.-NIEVA ST. RC CC 90,000.00 100,000.00 PS *** ASIAN REINSURANCE GAMBOA/SALCEDO STS. CC 75,000.00 PS *** BASIC PETROLEUM BUILDING C. PALANCA ST. CC 80,000.00 PS *** BSA MANSION BENAVIDEZ ST. RC 80,000.00 CC 95,000.00 PS *** BSA SUITES C. PALANCA ST. RC 85,000.00 CC 95,000.00 PS *** BSA TOWER LEGASPI ST. RC 100,000.00 CC 120,000.00 PS *** CACHO GONZALES AGUIRRE ST.-TRASIERRA ST. RC 60,000.00 CC 70,000.00 PS *** CATTLEYA GARDENS C. PALANCA ST. RC 60,000.00 CC 70,000.00 PS *** CATTLEYA I CONDOMINIUM SALCEDO ST. RC 60,000.00 CC 70,000.00 PS *** CENTURY PLAZA PEREA ST. RC 60,000.00 CC 70,000.00 PS *** CITYLAND III V.A. RUFINO ST. (HERRERA ST.) RC CC 60,000.00 70,000.00 PS *** CONCORDE CONDOMINIUM SALCEDO ST.- BENAVIDEZ ST. CC 70,000.00 PS *** CORINTHIAN PLAZA PASEO DE ROXAS CC 90,000.00 PS *** CORPORATE BUSINESS CENTER * PASEO DE ROXAS COR. ARNAIZ CC PS 70,000.00 *** CRISTINA CONDOMINIUM LEGASPI ST. (HERRERA ST.) RC CC 65,000.00 75,000.00 PS *** CYA LAND RADA ST. CC 70,000.00 PS *** CYPRESS GARDENS V.A. RUFINO ST (HERRERA ST.) RC CC 65,000.00 75,000.00 PS *** DAO I CONDOMINIUM SALCEDO ST. CC 65,000.00 PS *** DOA ANGELA'S GARDEN C. PALANCA ST. RC 65,000.00 CC 75,000.00 PS *** ELECTRA HOUSE ESTEBAN ST. RC 65,000.00 CC 75,000.00 PS *** ETON PARKVIEW GREENBELT GAMBOA ST. RC 140,000.00 CC 180,000.00 PS *** EUROVILLA CONDOMINIUM I V.A. RUFINO ST. (HERRERA ST.) RC 65,000.00 CC 75,000.00 PS *** EUROVILLA CONDOMINIUM II V.A. RUFINO ST. RC 65,000.00 CC 75,000.00 PS *** EXCHANGE CORNER AT LEGASPI BLDG. V.A. RUFINO-BOLANOS STS. CC 70,000.00 PS *** FEDMAN SUITE CONDOMINIUM SALCEDO ST. RC 65,000.00 CC 75,000.00 PS *** FELIZA BUILDING V.A. RUFINO ST. CC 65,000.00 PS *** FIRST MIDLAND ** GAMBOA ST. CC 65,000.00 PS *** FIRST CAPITAL CONDOMINIUM RADA ST. CC 80,000.00 PS *** GERVASIA CORP. CENTER AMORSOLO ST. CC 60,000.00 PS *** GARDEN TOWER I (NEW) EAST ST., AYALA CENTER RC CC 180,000.00 250,000.00 PS *** GREENBELT CHANCELLOR RADA ST. RC 120,000.00 CC 135,000.00 PS *** GREENBELT HAMILTON (NEW) LEGASPI ST. RC CC 150,000.00 180,000.00 PS *** GREENBELT EXCELSIOR C. PALANCA ST. RC 120,000.00 CC 135,000.00 PS *** * BUILDING ALREADY EXISTS BUT WITH NO ASSIGNED VALUE IN THE 5TH REVISION; ZV ASSIGNED IN THE 6TH REVISION ** BUILDING STILL EXIST; CCT IS BEING PRESENTED UPON TRANSFER OF UNIT *** ZV for PS is 70% of the ZV assigned to the condominium unit BARANGAY: SAN LORENZO STREET/SUBDIVISION VICINITY CLASSIFICATION 6TH REV. ZV/SQ.M. GREENBELT MADISON (FERROS) SALCEDO ST. RC 120,000.00 CC 135,000.00 PS *** GREENBELT MANSION PEREA ST. RC 70,000.00 CC 80,000.00 PS *** GREENBELT PARK PLACE C. PALANCA ST. RC 120,000.00 CC 135,000.00 PS *** GREENBELT RADISONS AGUIRRE ST. RC 110,000.00 CC 120,000.00 PS *** JACKSON BUILDING * A. ARNAIZ AVE. CC 63,000.00 PS *** KL MOSAIC GAMBOA ST. RC 120,000.00 CC 135,000.00 PS *** KROMA TOWER (NEW) DELA ROSA ST. RC CC 130,000.00 150,000.00 PS *** LA MAISION RADA CONDOMINIUM RADA ST. RC CC 80,000.00 90,000.00 PS *** LAZATIN DELA ROSA ST. CC 65,000.00 PS *** LEGASPI PARK VIEW CONDOMINIUM LEGASPI ST. RC CC 80,000.00 100,000.00 - PS *** LEGASPI PLACE ADELANTADO ST. RC 120,000.00 CC 135,000.00 PS *** LEGASPI SUITES SALCEDO ST. RC 80,000.00 CC 90,000.00 PS *** LEGASPI TOWER 100 LEGASPI ST. RC 65,000.00 CC 75,000.00 PS *** LEGASPI TOWER 200 PASEO DE ROXAS RC 65,000.00 CC 75,000.00 PS *** LPL SUITES GREENBELT LEGASPI ST. RC 60,000.00 CC 70,000.00 PS *** * BUILDING STILL EXISTS; CCT IS BEING PRESENTED UPON TRANSFER OF UNIT *** ZV for PS is 70% of the ZV assigned to the condominium unit BARANGAY: SAN LORENZO STREET/SUBDIVISION VICINITY CLASSIFICATION 6TH REV. ZV/SQ.M. LPL TOWER LEGASPI ST. RC 65,000.00 CC 75,000.00 PS *** LTA CONDOMINIUM PEREA ST. RC 60,000.00 CC 70,000.00 PS *** MAN TOWER ONE * LEGASPI ST. RC 80,000.00 CC 90,000.00 PS *** MAKATI DIAMOND RESIDENCES (NEW) LEGASPI ST. CC PS 230,000.00 *** MAYFAIR MANSION PEREA ST. RC 65,000.00 CC 75,000.00 PS *** MEDICAL PLAZA MAKATI AMORSOLO ST./DELA ROSA ST. RC 70,000.00 CC 80,000.00 PS *** MEDICAL TOWERS V.A. RUFINO ORMAZA ST. (HERRERA ST.) CC 65,000.00 PS *** MGF CHAMPACA AMORSOLO ST. RC 60,000.00 CC 70,000.00 PS *** MIDLAND MANSIONS A. ARNAIZ AVE.-BENAVIDEZ ST. RC 60,000.00 CC 70,000.00 PS *** MIRIAM HOUSE LEGASPI ST. RC 60,000.00 CC 70,000.00 PS *** MONTEPINO BUILDING AMORSOLO ST.-GAMBOA RC 60,000.00 CC 70,000.00 PS *** MOSAIC TOWER (NEW) TRASIERRA cor. AGUIRRE STS. RC CC 130,000.00 150,000.00 PS *** ODC INTERNATIONAL PLAZA SALCEDO ST. RC 60,000.00 CC 70,000.00 PS *** ONE CORPORATE PLAZA ** A. ARNAIZ AVE. CC 65,000.00 PS *** ONE LEGASPI PARK RADA ST. RC 120,000.00 CC 135,000.00 PS *** ONE LEGASPI TOWER (LEGASPI TOWERS) LEGASPI ST. RC 60,000.00 CC 70,000.00 PS *** ASTORIA GREENBELT (FORMERLY ONE ROMAN SUITES) A. ARNAIZ AVE. RC CC 60,000.00 70,000.00 PS *** OPL BUILDING C. PALANCA ST. RC 65,000.00 CC 75,000.00 PS *** PARK TERRACES (NEW) A. ARNAIZ AVE. RC CC 250,000.00 300,000.00 PS *** PERLA MANSION C. PALANCA ST. RC 75,000.00 CC 85,000.00 PS *** PRINCE PLAZA I LEGASPI ST. RC 75,000.00 CC 85,000.00 PS *** PRINCE PLAZA II DELA ROSA ST. RC 75,000.00 CC 85,000.00 PS *** * BUILDING ALREADY EXISTS BUT WITH NO ASSIGNED VALUE IN THE 5TH REVISION; ZV ASSIGNED IN THE 6TH REVISION ** WRONG VICINITY IN THE 5TH REVISION; BUILDING IS LOCATED ALONG A. ARNAIZ ST. IN THE 6TH REVISION *** ZV for PS is 70% of the ZV assigned to the condominium unit BARANGAY: SAN LORENZO STREET/SUBDIVISION VICINITY CLASSIFICATION 6TH REV. ZV/SQ.M. RADA REGENCY CONDOMINIUM RADA ST./DELA ROSA ST. RC 100,000.00 CC 120,000.00 PS *** RCI BUILDING RADA ST. RC 60,000.00 CC 70,000.00 PS *** RUFINO PACIFIC TOWERS AYALA AVE. CC 150,000.00 PS *** RYCO BUILDING AGUIRRE ST. RC 65,000.00 CC 75,000.00 PS *** SSS BLDG. * AYALA AVENUE CC 120,000.00 PS *** SALUSTIANA D. TY TOWER PASEO DE ROXAS CC 75,000.00 PS *** SENTA MAKATI CONDOMINIUM LEGASPI ST. RC 120,000.00 CC 135,000.00 PS *** SOLARIS ONE * DELA ROSA ST. CC 150,000.00 PS *** SOMERSET MILLENIUM EXEC. RES. AGUIRRE ST. RC 65,000.00 CC 75,000.00 PS *** STATE CONDOMINIUM I SALCEDO ST. RC 60,000.00 CC 70,000.00 PS *** STATE CONDOMINIUM II AGUIRRE ST. (SALCEDO ST.) RC 65,000.00 CC 75,000.00 PS *** SUNRISE TERRACES APARTMENTS PERREA ST. RC 65,000.00 CC 75,000.00 PS *** THE BILTMORE CONDOMINIUM AGUIRRE ST. RC 100,000.00 CC 120,000.00 PS *** THE COLONADE RESIDENCES LEGASPI ST. RC 60,000.00 CC 70,000.00 PS *** THE COLUMNS LEGASPI A. ARNAIZ AVE.- AMORSOLO RC CC 120,000.00 135,000.00 PS *** THE ENTERPRISE CENTER AYALA AVE. CC 180,000.00 PS *** * BUILDING ALREADY EXISTS BUT WITH NO ASSIGNED VALUE IN THE 5TH REVISION; ZV ASSIGNED IN THE 6TH REVISION *** ZV for PS is 70% of the ZV assigned to the condominium unit BARANGAY: SAN LORENZO STREET/SUBDIVISION VICINITY CLASSIFICATION 6TH REV. ZV/SQ.M. THE ETON RESIDENCES (NEW) LEGASPI ST. RC CC 150,000.00 180,000.00 PS *** THE FRABELLA I CONDOMINIUM (FRABELLA I) RADA ST. RC CC 100,000.00 120,000.00 PS *** THE GRAND MIDORI (NEW) LEGASPI ST. RC CC 150,000.00 180,000.00 PS *** THE PALISADES CONDOMINIUM GALLARDO ST. RC 100,000.00 CC 120,000.00 PS *** THE RAFFLES RESIDENCES MAKATI AVE COR. RC 250,000.00 A. ARNAIZ AVE. CC 300,000.00 PS *** THE RENAISSANCE CONDOMINIUM SALCEDO ST. RC 80,000.00 CC 120,000.00 PS *** THE RESIDENCES AT GREENBELT (TRAG TOWER) A. ARNAIZ AVE. RC CC 180,000.00 220,000.00 PS *** THE SHANG GRAND TOWER PEREA ST. RC 150,000.00 CC 180,000.00 PS *** TORRE DE SALCEDO SALCEDO ST. RC 65,000.00 CC 75,000.00 PS *** TROPICAL PALMS BUILDING DELA ROSA ST.-PEREA ST. RC 75,000.00 CC 85,000.00 PS *** TWIN CITIES CONDO * 110 LEGASPI ST. RC 76,000.00 CC 86,000.00 PS *** UNIVERSAL RE CONDOMINIUM PASEO DE ROXAS/ PEREA ST. RC CC 70,000.00 85,000.00 PS *** VALUEPOINT EXEC. APARTMENT SALCEDO ST. RC 65,000.00 CC 75,000.00 PS *** VERNIDA I BUILDING AMORSOLO ST. RC 60,000.00 CC 70,000.00 PS *** VGP BLDG.( MANILABANK) * AYALA AVENUE CC 120,000.00 PS *** VM CONDO * 146 AMORSOLO ST. RC 60,000.00 CC 70,000.00 PS *** WINDSOR TOWER ** LEGASPI ST. CC 65,000.00 PS *** ZARAGOSA BUILDING TRASIERRA-SORIA ST. CC 60,000.00 PS *** ZETA II CONDO (ZETA COND.) SALCEDO ST. CC 60,000.00 PS *** * BUILDING ALREADY EXISTS BUT WITH NO ASSIGNED VALUE IN THE 5TH REVISION; ZV ASSIGNED IN THE 6TH REVISION ** BUILDING STILL EXIST; CCT IS BEING PRESENTED UPON TRANSFER OF UNIT *** ZV for PS is 70% of the ZV assigned to the condominium unit RDO JUSTIFICATIONS: 1. No townhouses within Barangay San Lorenzo. 2. Parking slots were given specific values per condominium project. ZV is 70% of the RC or CC whichever is higher. 3. New Condominium Projects were given ZV. 4. ZV for Penthouse is 110% of the CC or in the absence thereof, 110% of the RC. NOTE: DEVELOPERS/OWNERS OF CONDOMINIUM PROJECTS BUILT AFTER THE EFFECTIVITY OF THIS REVISION (6TH REVISION) SHOULD REQUEST FOR AN ASSIGNMENT OF VALUES FROM THE TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION (TCRPV) CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUE OF REAL PROPERTIES FOR RDO NO. 47-EAST MAKATI 1. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY. HEITAD WHERE IN THE APPROVED SCHEDULE OF ZONAL VALUES FOR A PARTICULAR BARANGAY A. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION IN A PARTICULAR STREET/SUBDIVISION IN A BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN THE OTHER STREET/SUBDIVISION WITHIN THE SAME BARANGAY OF SIMILAR CONDITIONS SHALL BE USED; AND B. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY IN ONE BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN AN ADJACENT BARANGAY OF SIMILAR CONDITIONS SHALL BE USED. 2. PREDOMINANT USE OF PROPERTY. a.) ALL REAL PROPERTIES, REGARDLESS OF ACTUAL USE, LOCATED IN A STREET/BARANGAY/ZONE, THE USE OF WHICH ARE PREDOMINANTLY COMMERCIAL SHALL BE CLASSIFIED AS "COMMERCIAL" FOR PURPOSES OF ZONAL VALUATION. b.) THE PREDOMINANT USE OF OTHER CLASSIFICATION OF PROPERTIES LOCATED IN A STREET/BARANGAY/ZONE, REGARDLESS OF ACTUAL USE SHALL BE CONSIDERED FOR PURPOSES OF ZONAL VALUATION. 3. ZONAL VALUES OF CONDOMINIUM UNIT/TOWNHOUSE: IF THE TITLE OF A PARTICULAR CONDOMINIUM UNIT/TOWNHOUE IS a.) A CONDOMINIUM CERTIFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE LAND AND THE IMPROVEMENTS SHALL BE TREATED AS ONE; OR b.) A TRANSFER CERTIFICATE OF TITLE (TCT), THE LAND AND IMPROVEMENT SHALL BE GIVEN SEPARATE VALUES i.e. , ZONAL VALUE/GROSS SELLING PRICE/FAIR MARKET VALUE PER LATEST TAX DECLARATION WHICHEVER IS HIGHER AND, IN THE ABSENCE OF ZONAL VALUATION, PROPERTY SHALL BE VALUED PURSUANT TO RAMO 2-91. THE GROUND FLOOR OF THE RESIDENTIAL CONDOMINIUM SHALL BE CLASSIFIED AS COMMERCIAL AND TWENTY PERCENT (20%) OF THE ESTABLISHED VALUE SHALL BE ADDED THERETO. aDSIHc 4. AREAS FOR PRIORITY DEVELOPMENT (APD). THESE ARE AREAS IDENTIFIED AS AREAS FOR PRIORITY DEVELOPMENT CERTIFIED TO AS SUCH BY THE HOUSING AND LAND USE REGULATORY BOARD (HLURB). IF IT IS UTILIZED FOR SOCIAL HOUSING, IT SHALL BE CERTIFIED TO AS SUCH BY THE PROPER GOVERNMENT AGENCY, SUCH AS PRESIDENTIAL COMMISSION ON URBAN POOR (PCUP), NATIONAL HOUSING AUTHORITY (NHA), ETC. SECOND SALE OF LOT IDENTIFIED AS LOCATED IN THE APD SHALL NO LONGER BE VALUED AS AN APD AND SHALL BE TREATED AS AN ORDINARY REAL PROPERTY. 5. ZONAL VALUE OR FMV ESTABLISHED IN THE SCHEDULE OF VALUES OF ASSESSORS. THE ZONAL VALUES ESTABLISHED HEREIN SHALL APPLY IN COMPUTING ALL INTERNAL REVENUE TAXES ( i.e. , CAPITAL GAINS, CREDITABLE WITHHOLDING, ESTATE, DONOR'S AND DOCUMENTARY STAMP TAXES) DUE ON SALES, EXCHANGES, OR OTHER DISPOSITIONS OF REAL REAL PROPERTY. PROVIDED, THAT THE SAME IS HIGHER THAN (1) THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL AND CITY ASSESSORS ( i.e. , LATEST TAX DECLARATION) AND (2) THE GROSS SELLING PRICE AS SHOWN IN THE DULY NOTARIZED DOCUMENT OF SALE OR EXCHANGE AT THE TIME OF SALE OR EXCHANGE. PROVIDED, HOWEVER, THAT THE VALUE OF PROPERTY TO BE USED IN COMPUTING ESTATE AND DONOR'S TAXES SHALL BE (1) THE FAIR MARKET VALUE AS DETERMINED BY THE COMMISSIONER OF INTERNAL REVENUE ( i.e. , ZONAL VALUES) OR (2) THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL/CITY/MUNICIPAL ASSESSOR, WHICHEVER IS HIGHER. ATICcS