Makati

November 23, 2021 REVENUE DISTRICT OFFICE NO. 47 - MAKATI CITY IMPLEMENTATION OF THE REVISED SCHEDULE OF ZONAL VALUES OF REAL PROPERTIES WITHIN THE JURISDICTION OF REVENUE DISTRICT OFFICE NO. 47-EAST MAKATI (7TH REVISION), 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. 8A-MAKATI CITY REVENUE DISTRICT OFFICE NO. 47-EAST MAKATI PROVINCE: NCR CITY/MUNICIPALITY: MAKATI CITY D.O. NO. 037-2021 BARANGAY: SAN LORENZO-AYALA CENTER* Effectivity Date Dec. 22, 2021 STREET/SUBDIVISION/ TOWNHOUSES/CONDOMINIUMS VICINITY CLASSIFICATION 7th REV. ZV/SQ.M. EAST DRIVE AYALA CENTER CR 750,000.00 HIGHWAY DRIVE AYALA CENTER CR 750,000.00 HOTEL DRIVE AYALA CENTER CR 750,000.00 MAKATI DRIVE AYALA CENTER CR 750,000.00 NORTH DRIVE AYALA CENTER CR 750,000.00 OFFICE DRIVE AYALA CENTER CR 750,000.00 PARK SQUARE DRIVE AYALA CENTER CR 750,000.00 RIZAL DRIVE AYALA CENTER CR 750,000.00 SOUTH DRIVE AYALA CENTER CR 750,000.00 WEST DRIVE AYALA CENTER CR 750,000.00 THEATER DRIVE** AYALA CENTER CR 750,000.00 BARANGAY: SAN LORENZO (LEGAZPI VILLAGE)* STREET/SUBDIVISION/ TOWNHOUSES/CONDOMINIUMS VICINITY CLASSIFICATION 7th REV. ZV/SQ.M. A. ARNAIZ LEGASPI VILLAGE SIDE CR 600,000 SAN LORENZO VILLAGE SIDE CR 400,000 ADELANTADO LEGASPI VILLAGE CR 455,000 AGUIRRE LEGASPI VILLAGE CR 455,000 AMORSOLO ST. LEGASPI VILLAGE CR 550,000 AYALA AVENUE EDSA TO GIL PUYAT CR 940,000 BENAVIDEZ LEGASPI VILLAGE CR 455,000 X 455,000 BOLANOS LEGASPI VILLAGE CR 455,000 CARLOS PALANCA LEGASPI VILLAGE CR 455,000 CASTRO LEGASPI VILLAGE CR 455,000 DELA ROSA LEGASPI VILLAGE CR 475,000 ESPERANZA LEGASPI VILLAGE CR 455,000 ESTEBAN LEGASPI VILLAGE CR 455,000 GALLARDO LEGASPI VILLAGE CR 455,000 GAMBOA LEGASPI VILLAGE CR 455,000 GIL LEGASPI VILLAGE CR 455,000 GREENBELT LEGASPI VILLAGE CR 455,000 JIMENEZ LEGASPI VILLAGE CR 455,000 LEGASPI ST. W/IN GREENBELT AREA CR 550,000 PASEO TO DE LA ROSA CR 455,000 X 455,000 MAKATI AVENUE LEGASPI VILLAGE CR 775,000 NIEVA LEGASPI VILLAGE CR 455,000 ORMAZA LEGASPI VILLAGE CR 455,000 PASEO DE ROXAS LEGASPI VILLAGE CR 710,000 X 455,000 PEREA LEGASPI VILLAGE CR 455,000 RADA LEGASPI VILLAGE CR 455,000 X 455,000 RODRIGUEZ LEGASPI VILLAGE CR 455,000 SALCEDO LEGASPI VILLAGE CR 455,000 X 455,000 SORIA LEGASPI VILLAGE CR 455,000 SOTTO LEGASPI VILLAGE CR 455,000 TRASIERRA LEGASPI VILLAGE CR 455,000 V.A. RUFINO LEGASPI VILLAGE CR 550,000 X Institution, embassy, church and school BARANGAY: SAN LORENZO-SAN LORENZO VILLAGE* STREET/SUBDIVISION/ TOWNHOUSES/CONDOMINIUMS VICINITY CLASSIFICATION 7th REV. ZV/SQ.M. ABELARDO SAN LORENZO VILLAGE RR 200,000 AMORSOLO SAN LORENZO VILLAGE RR 200,000 APOSTOL SAN LORENZO VILLAGE RR 200,000 ARGUILLA SAN LORENZO VILLAGE RR 200,000 BALMORI SAN LORENZO VILLAGE RR 200,000 BRIONES SAN LORENZO VILLAGE RR 200,000 EDADES SAN LORENZO VILLAGE RR 200,000 ESTELA SAN LORENZO VILLAGE RR 200,000 HERNANDEZ SAN LORENZO VILLAGE RR 200,000 HIDALGO SAN LORENZO VILLAGE RR 200,000 JOAQUIN SAN LORENZO VILLAGE RR 200,000 JUAN LUNA SAN LORENZO VILLAGE RR 200,000 LIPPAY SAN LORENZO VILLAGE RR 200,000 MELANTIC SAN LORENZO VILLAGE RR 200,000 NACPIL SAN LORENZO VILLAGE RR 200,000 PONCE SAN LORENZO VILLAGE RR 200,000 ROCHA SAN LORENZO VILLAGE RR 200,000 SAN LORENZO DRIVE SAN LORENZO VILLAGE RR 245,000 TAMPINGCO SAN LORENZO VILLAGE RR 200,000 TOLENTINO SAN LORENZO VILLAGE RR 200,000 ZARAGOZA SAN LORENZO VILLAGE RR 200,000 ZIPPER SAN LORENZO VILLAGE RR 200,000 ZULUETA SAN LORENZO VILLAGE RR 200,000 INSTITUTION/SCHOOL SAN LORENZO VILLAGE X 250,000 X Institution, embassy, church, and school BARANGAY: SAN LORENZO CONDOS/BUILDINGS STREET/SUBDIVISION/ TOWNHOUSES/CONDOMINIUMS VICINITY CLASSIFICATION 7th REV. ZV/SQ.M. 6764 STI HOLDING CENTER* AYALA AVE. CC 150,000 PS 105,000 6776 SECURITY BANK* AYALA AVE. CC 200,000 (FORMERLY PACIFIC BANK MAKATI CONDO) PS 140,000 III PASEO DE ROXAS PASEO DE ROXAS CC 105,000 PS 75,000 ALVEO FINANCIAL TOWER (new) AYALA AVE. CC 250,000 PS 175,000 AMORSOLO CONDOMINIUM AMORSOLO ST. RC 85,000 CC 100,000 PS 70,000 AMORSOLO MANSION AMORSOLO-V.A. RUFINO RC 85,000 CC 95,000 PS 70,000 ASIA TOWER PASEO DE ROXAS RC 170,000 CC 205,000 PS 145,000 ASIAN MANSION I DELA ROSA ST. RC 135,000 CC 155,000 PS 110,000 ASIAN MANSION II (CONDOTEL) DELA ROSA ST.-NIEVA ST. RC 145,000 CC 170,000 PS 120,000 BARANGAY: SAN LORENZO STREET/SUBDIVISION/ TOWNHOUSES/CONDOMINIUMS VICINITY CLASSIFICATION 7th REV. ZV/SQM BASIC PETROLEUM BUILDING C. PALANCA ST. CC 100,000 (Dao II Condo) PS 70,000 BSA MANSION BENAVIDEZ ST. RC 145,000 CC 170,000 PS 120,000 BSA SUITES C. PALANCA ST. RC 145,000 CC 170,000 PS 120,000 BSA TOWER LEGASPI ST. RC 150,000 CC 180,000 PS 130,000 CACHO GONZALES AGUIRRE ST.-TRASIERRA ST. CC 170,000 PS 120,000 CATTLEYA GARDENS C. PALANCA ST. RC 85,000 CC 100,000 PS 70,000 CATTLEYA I CONDOMINIUM SALCEDO ST. CC 95,000 PS 70,000 CENTURY PLAZA PEREA ST. RC 85,000 CC 100,000 PS 70,000 CITYLAND III V.A. RUFINO ST. RC 75,000 (HERRERA ST.) CC 90,000 PS 65,000 CONCORDE CONDOMINIUM SALCEDO ST.-BENAVIDEZ ST. CC 90,000 PS 65,000 CORINTHIAN PLAZA PASEO DE ROXAS CC 125,000 PS 90,000 CORPORATE BUSINESS PASEO DE ROXAS COR CC 95,000.00 CENTER* ARNAIZ PS 70,000 CRISTINA CONDOMINIUM LEGASPI ST. RC 105,000 (HERRERA ST.) CC 125,000 PS 90,000 CYA LAND RADA ST. CC 95,000 PS 70,000 CYPRESS GARDENS V.A. RUFINO ST. RC 85,000 (HERRERA ST.) CC 100,000 PS 70,000 DAO I CONDOMINIUM SALCEDO ST. CC 90,000 PS 65,000 DOA ANGELA'S GARDEN C. PALANCA ST. RC 85,000 CC 100,000 PS 70,000 ELECTRA HOUSE ESTEBAN ST. CC 95,000 PS 70,000 ETON PARKVIEW GREENBELT GAMBOA ST. RC 195,000 CC 225,000 PS 160,000 EUROVILLA CONDOMINIUM I V.A. RUFINO ST. (HERRERA ST.) RC 95,000 CC 110,000 PS 80,000 EUROVILLA CONDOMINIUM II V.A. RUFINO ST. RC 95,000 CC 110,000 PS 80,000 EXCHANGE CORNER AT LEGASPI BLDG. V.A. RUFINO-BOLANOS STS. CC 95,000 PS 70,000 FEDMAN SUITE CONDOMINIUM SALCEDO ST. CC 100,000 PS 70,000 FELIZA BUILDING V.A. RUFINO ST. CC 100,000 PS 70,000 FIRST MIDLAND** GAMBOA ST. CC 105,000 PS 75,000 FIRST CITYLAND CONDOMINIUM (FORMERLY FIRST CAPITAL CONDOMINIUM) RADA ST. CC 90,000 PS 65,000 GERVASIA CORP. CENTER AMORSOLO ST. CC 75,000 PS 55,000 GARDEN TOWER I EAST ST., AYALA CENTER RC 240,000 CC 315,000 PS 225,000 GARDEN TOWER II EAST ST., AYALA CENTER RC 290,000 (New) CC 345,000 PS 245,000 GREENBELT CHANCELLOR RADA ST. RC 175,000 CC 205,000 PS 145,000 GREENBELT HAMILTON LEGASPI ST. RC 195,000 (NEW) CC 235,000 PS 165,000 GREENBELT EXCELSIOR C. PALANCA ST. RC 160,000 CC 190,000 PS 135,000 GREENBELT MADISON (FERROS) SALCEDO ST. RC 175,000 CC 205,000 PS 145,000 GREENBELT MANSION PEREA ST. RC 100,000 CC 130,000 PS 95,000 GREENBELT PARK PLACE C. PALANCA ST. RC 180,000 CC 210,000 PS 150,000 GREENBELT RADISONS AGUIRRE ST. RC 175,000 CC 205,000 PS 145,000 JACKSON BUILDING* A. ARNAIZ AVE. CC 95,000 PS 70,000 KL MOSAIC GAMBOA ST. RC 205,000 CC 240,000 PS 170,000 KROMA TOWER DELA ROSA ST. RC 195,000 CC 230,000 PS 165,000 LA MAISON RADA RADA ST. RC 115,000 CONDOMINIUM CC 140,000 PS 100,000 LEGASPI PARK VIEW LEGASPI ST. RC 125,000 CONDOMINIUM CC 150,000 PS 105,000 LEGASPI SUITES SALCEDO ST. RC 125,000 CC 150,000 PS 105,000 LEGASPI TOWER 100 LEGASPI ST. RC 95,000 CC 110,000 PS 80,000 LEGASPI TOWER 200 PASEO DE ROXAS RC 105,000 CC 125,000 PS 90,000 LPL SUITES GREENBELT LEGASPI ST. RC 85,000 CC 100,000 PS 70,000 LPL TOWER LEGASPI ST. RC 85,000 CC 100,000 PS 70,000 LTA CONDOMINIUM PEREA ST. CC 105,000 PS 75,000 PARKFORD SUITES LEGAZPI GAMBOA ST. COR. SALCEDO ST. RC 310,000 (NEW) CC 370,000 PS 260,000 MAN TOWER ONE* LEGASPI ST. RC 195,000 CC 230,000 PS 165,000 MAKATI DIAMOND RESIDENCES LEGASPI ST. CC 255,000 (NEW) PS 180,000 MAYFAIR MANSION PEREA ST. RC 95,000 CC 110,000 PS 80,000 MEDICAL PLAZA MAKATI AMORSOLO ST./DELA ROSA ST. RC 100,000 CC 120,000 PS 85,000 MEDICAL TOWERS V.A. RUFINO ORMAZA ST. (HERRERA ST.) CC 110,000 PS 80,000 MGF CHAMPACA AMORSOLO ST. RC 90,000 CC 110,000 PS 80,000 MIDLAND MANSIONS A. ARNAIZ AVE.-BENAVIDEZ ST. RC 115,000 CC 135,000 PS 95,000 MONTEPINO BUILDING AMORSOLO ST-GAMBOA RC 105,000 CC 125,000 PS 90,000 MOSAIC TOWER TRASIERRA cor. AGUIRRE STS. RC 195,000 CC 230,000 PS 165,000 ODC INTERNATIONAL PLAZA SALCEDO ST. RC 105,000 CC 125,000 PS 90,000 ONE CORPORATE PLAZA** A. ARNAIZ AVE. CC 105,000 PS 75,000 ONE LEGASPI PARK RADA ST. RC 160,000 CC 190,000 PS 135,000 ASTORIA GREENBELT A. ARNAIZ AVE. RC 85,000 (FORMERLY ONE ROMAN SUITES) CC 100,000 PS 70,000 OPL BUILDING C. PALANCA ST. RC 105,000 CC 125,000 PS 90,000 PARK TERRACES A. ARNAIZ AVE. RC 300,000 CC 360,000 PS 255,000 PERLA MANSION C. PALANCA ST. RC 135,000 CC 160,000 PS 115,000 PRINCE PLAZA I LEGASPI ST. RC 125,000 CC 150,000 PS 105,000 PRINCE PLAZA II DELA ROSA ST. RC 135,000 CC 160,000 PS 115,000 RADA REGENCY CONDOMINIUM RADA ST./DELA ROSA ST. RC 120,000 CC 145,000 PS 105,000 RCI BUILDING RADA ST. RC 75,000 CC 90,000 PS 65,000 RUFINO PACIFIC TOWERS AYALA AVE. CC 245,000 PS 175,000 SSS BLDG.* AYALA AVENUE CC 205,000 PS 145,000 SALUSTIANA D. TY TOWER PASEO DE ROXAS CC 95,000 PS 70,000 SENTA MAKATI CONDOMINIUM LEGASPI ST. RC 225,000 CC 265,000 PS 190,000 SOMERSET MILLENIUM EXEC. RES. AGUIRRE ST. RC 155,000 CC 185,000 PS 130,000 STATE CONDOMINIUM I SALCEDO ST. RC 105,000 CC 130,000 PS 95,000 STATE CONDOMINIUM II AGUIRRE ST. (SALCEDO ST.) CC 155,000 PS 110,000 SUNRISE TERRACES APARTMENTS PERREA ST. RC 155,000 CC 185,000 PS 130,000 THE BILTMORE CONDOMINIUM AGUIRRE ST. RC 185,000 CC 220,000 PS 155,000 THE COLONADE RESIDENCES LEGASPI ST. RC 135,000 CC 160,000 PS 115,000 THE COLUMNS LEGASPI A. ARNAIZ AVE. RC 175,000 AMORSOLO CC 210,000 PS 150,000 THE ENTERPRISE CENTER AYALA AVE. CC 250,000 PS 175,000 THE ETON RESIDENCES LEGASPI ST. RC 190,000 CC 225,000 PS 160,000 THE FRABELLA I CONDOMINIUM RADA ST. RC 155,000 (FRABELLA I) CC 180,000 PS 130,000 THE GRAND MIDORI LEGASPI ST. RC 185,000 CC 220,000 THE PALISADES CONDOMINIUM PEREA ST. RC 180,000 CC 220,000 PS 155,000 THE RAFFLES RESIDENCES MAKATI AVE. COR. RC 295,000 A. ARNAIZ AVE. CC 345,000 PS 245,000 THE RENAISSANCE CONDOMINIUM SALCEDO ST. RC 145,000 CC 170,000 PS 120,000 THE RESIDENCES AT A. ARNAIZ AVE. RC 230,000 GREENBELT (TRAG TOWER) CC 275,000 PS 195,000 THE SHANG GRAND TOWER PEREA ST. RC 230,000 CC 270,000 PS 190,000 TORRE DE SALCEDO SALCEDO ST. RC 115,000 CC 140,000 PS 100,000 TROPICAL PALMS BUILDING DELA ROSA ST.-PEREA ST. RC 135,000 CC 160,000 PS 115,000 TWIN CITIES CONDO* 110 LEGASPI ST. RC 100,000 CC 120,000 PS 85,000 UNIVERSAL RE CONDOMINIUM PASEO DE ROXAS/ RC 95,000 PEREA ST. CC 110,000 PS 80,000 VALUEPOINT EXEC. APARTMENT SALCEDO ST. RC 105,000 CC 125,000 PS 90,000 VERNIDA I BUILDING AMORSOLO ST. RC 125,000 CC 150,000 PS 105,000 VGP BLDG. (MANILABANK)* AYALA AVENUE CC 150,000 PS 105,000 VM CONDO* 146 AMORSOLO ST. RC 75,000 CC 90,000 PS 65,000 WINDSOR TOWER** LEGASPI ST. CC 110,000 PS 80,000 ZARAGOSA BUILDING TRASIERRA-SORIA ST. CC 155,000 PS 110,000 ZETA II CONDO (ZETA COND.) SALCEDO ST. CC 105,000 PS 75,000 CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR REVENUE DISTRICT OFFICE NO. 47-EAST MAKATI CITY 1. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY WHEREIN 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/TOWNHOUSE 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. 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 SOCIALIZED 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. DIVISION OF A BARANGAY IN THE EVENT THAT AN EXISTING BARANGAY IS DIVIDED INTO TWO OR MORE BARANGAYS, THE ZONAL VALUE PRESCRIBED FOR THE EXISTING BARANGAY SHALL BE USED FOR THE NEWLY CREATED BARANGAY. 6. PARKING SLOT (PS) IF NO ZONAL VALUE HAS BEEN PRESCRIBED FOR PARKING SLOTS, THE VALUE SHOULD BE 60% OF THE AMOUNT OF THE UNIT SOLD. 7. INSTITUTION (X) THESE ARE AREAS FOR SCHOOL, HOSPITAL AND CHURCHES. IF NO ZONAL VALUE HAS BEEN PRESCRIBED, THE COMMERCIAL VALUE OF THE PROPERTY NEAREST TO THE INSTITUTION, WITHIN THE SAME BARANGAY AND STREET SHALL BE USED. 8. 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 PROPERTY. PROVIDED, THAT THE SAME IS HIGHER THAN (1) THE FAIR MARKET VALUES 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.