Legaspi Village

March 21, 1996 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 47 EAST MAKATI BARANGAY: LEGASPI VILLAGE 3RD REVISION 2ND REVISION STREET/SUBDIVISION V I C I N I T Y CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ABELARDO CR 120,000.00 25,000.00 ADELANTADO CR 120,000.00 25,000.00 AGUIRRE CR 120,000.00 25,000.00 ALVARADO CR 120,000.00 25,000.00 AMORSOLO ST CR 120,000.00 25,000.00 AYALA AVENUE EDSA - GIL PUYAT CR 250,000.00 25,000.00 BENAVIDEZ CR 120,000.00 25,000.00 BERNARDEZ CR 120,000.00 BOLANOS CR 120,000.00 25,000.00 CASTRO CR 120,000.00 25,000.00 DELA ROSA CR 220,000.00 25,000.00 ESPERANZA CR 120,000.00 25,000.00 ESTEBAN CR 220,000.00 25,000.00 GALLARDO CR 120,000.00 25,000.00 GAMBOA CR 120,000.00 25,000.00 GREENBELT CR 250,000.00 HERRERA CR 200,000.00 25,000.00 JIMENEZ CR 120,000.00 25,000.00 LEGASPI ST CR 250,000.00 25,000.00 MAKATI AVENUE CR 200,000.00 MARANAW CR 120,000.00 NIEVA CR 120,000.00 25,000.00 PASAY ROAD CR 120,000.00 25,000.00 PASEO DE ROXAS CR 200,000.00 25,000.00 PEREA CR 120,000.00 25,000.00 RADA CR 120,000.00 25,000.00 RODRIGUEZ CR 120,000.00 25,000.00 SALCEDO CR 250,000.00 25,000.00 SORIA CR 120,000.00 25,000.00 SOTTO CR 120,000.00 25,000.00 TINDALO CR 120,000.00 BARANGAY: SAN LORENZO VILLAGE 3RD REVISION 2ND REVISION STREET/SUBDIVISION V I C I N I T Y CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ABELARDO RR 40,000.00 10,000.00 AMORSOLO RR 40,000.00 10,000.00 ANTONIO ARNAIZ AVE CR 60,000.00 APOSTOL RR 40,000.00 10,000.00 ARGUILLA RR 40,000.00 10,000.00 BALMORI RR 40,000.00 10,000.00 BRIONES RR 40,000.00 10,000.00 EDADES RR 40,000.00 10,000.00 ESTRELLA RR 40,000.00 10,000.00 HERNANDEZ RR 40,000.00 10,000.00 HIDALGO RR 40,000.00 10,000.00 JOAQUIN RR 40,000.00 10,000.00 JUAN LUNA RR 40,000.00 10,000.00 LIPPAY RR 40,000.00 10,000.00 MELANTIO RR 40,000.00 10,000.00 NACPIL RR 40,000.00 10,000.00 PONCE RR 40,000.00 10,000.00 ROCHA RR 40,000.00 10,000.00 SAN LORENZO DRIVE RR 40,000.00 25,000.00 TAMPINCO RR 40,000.00 10,000.00 TOLENTINO RR 40,000.00 ZARAGOZA RR 40,000.00 10,000.00 ZIPPER RR 40,000.00 10,000.00 ZULUETA RR 40,000.00 BARANGAY: MAKATI COMMERCIAL CENTER 3RD REVISION 2ND REVISION STREET/SUBDIVISION V I C I N I T Y CLASSIFICATION ZV/SQ.M. ZV/SQ.M. EAST DRIVE CR 220,000.00 50,000.00 NORTH DRIVE CR 220,000.00 50,000.00 HOTEL DRIVE CR 220,000.00 POSTAL DRIVE CR 220,000.00 50,000.00 SOUTH DRIVE CR 220,000.00 50,000.00 WEST DRIVE CR 220,000.00 50,000.00 CONDOMINIUMS & TOWNHOUSES 3RD REVISION 2ND REVISION CONDOMINIUMS/T'HOUSES V I C I N I T Y CLASSIFICATION ZV/SQ.M. ZV/SQ.M. Amorsolo Condominium Amorsolo Street CC 40,000.00 20,000.00 Alexandre House Condominium Amorsolo Street CC 40,000.00 20,000.00 Asia Tower Paseo de Roxas CC 65,000.00 Asian Mansion Dela, Rosa St CC 45,000.00 30,000.00 Cacho Gonzales Condominium Aguirre Street CC 45,000.00 30,000.00 Cattleya Condominium Salcedo Street CC 45,000.00 30,000.00 Centrum Condominium Salcedo Street CC 40,000.00 20,000.00 Cityland III Herrera Street CC 40,000.00 20,000.00 Colonade Res. Legaspi St CC 40,000.00 Concorde Condominium Salcedo Street CC 40,000.00 20,000.00 Corinthian Plaza P. De Roxas St CC 65,000.00 Cristina Condominium Herrera Street CC 40,000.00 20,000.00 Cypress Gardens Herrera Street CC 40,000.00 20,000.00 Eurovilla Condominium Herrera Street CC 40,000.00 20,000.00 Fedman Suite Condominium Salcedo Street CC 40,000.00 20,000.00 First Midland Gamboa Street CC 40,000.00 20,000.00 Frabella I Rada St CC 65,000.00 Greenbelt Mansion Perea Street CC 45,000.00 30,000.00 Jackson Condominium CC 50,000.00 Legaspi Apartment Amorsolo St CC 40,000.00 Legaspi Park View Legaspi Street CC 40,000.00 20,000.00 Legaspi Towers Legaspi Street CC 40,000.00 20,000.00 Mayfair Mansion Perea Street CC 40,000.00 20,000.00 Medical Towers Herrera Street CC 40,000.00 20,000.00 Perla Mansion C. Palanca Street CC 45,000.00 Prince Plaza I Legaspi st CC 45,000.00 20,000.00 Prince Plaza II Dela Rosa Street CC 45,000.00 30,000.00 Rufino Pacific Tower Ayala Ave CC 65,000.00 State Condominium II Salcedo Street CC 60,000.00 20,000.00 Sunrise Terrace Perea Street CC 40,000.00 20,000.00 Vernida I Amorsolo St CC 45,000.00 30,000.00 Vernida Condominium Amorsolo Street CC 40,000.00 25,000.00 W.W. Condominium Aguirre Street CC 40,000.00 20,000.00 Windsor Tower Legaspi Street CC 40,000.00 20,000.00 Zeta Condominium Salcedo Street CC 40,000.00 20,000.00 All Other Condominiums/ Townhouses CC/RC 50,000.00 30,000.00 CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES 1. NO PREVIOUS SALE OF PROPERTY OF A PARTICULAR CLASSIFICATION. WHERE IN APPROVED LISTING OF ZONAL VALUES (FOR VARIOUS CLASSIFICATIONS OF REAL PROPERTY), NO VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASS OF REAL PROPERTY LOCATED IN THE ADJACENT BARANGAY OF SIMILAR CONDITIONS SHALL BE USED. 2. NO PREVIOUS SALE OF PROPERTY OF ANY CLASSIFICATION. IN A BARANGAY WHERE NO SALE, EXCHANGE OR OTHER DISPOSITION OF LAND HAS BEEN EFFECTED, THE APPROVED ZONAL VALUE OF A SIMILARLY SITUATED PROPERTY IN AN ADJACENT BARANGAY OF SIMILAR CONDITIONS, SHALL BE USED. 3. DIVISION OF BARANGAY. IN THE EVENT THAT AN EXISTING BARANGAY IS DIVIDED INTO TWO (2) OR MORE BARANGAYS, THE ZONAL VALUES PRESCRIBED FOR THE EXISTING BARANGAY SHALL BE USED FOR THE NEWLY CREATED BARANGAY. 4. COMMERCIAL. ALL REAL PROPERTIES, REGARDLESS OF ACTUAL USE, LOCATED IN A STREET/BARANGAY/ZONE, THE USE OF WHICH ARE PREDOMINANTLY "COMMERCIAL" SHALL BE CONSIDERED AS "COMMERCIAL" FOR PURPOSES OF ZONAL VALUATION. 5. VALUES OF CONDOMINIUM AND TOWNHOUSES. IN DETERMINING OR ARRIVING AT THE ZONAL VALUES FOR CONDOMINIUMS AND TOWNHOUSES, THE VALUE OF THE LAND AS WELL AS THE VALUE OF THE BUILDING SHALL BE TREATED AS ONE, IF THE TITLE IS A CCT OR CONDOMINIUM CERTIFICATE OF TITLE. HOWEVER, IF THE TITLE IS A TCT OR TRANSFER CERTIFICATE OF TITLE, LAND AND IMPROVEMENTS SHALL BE GIVEN SEPARATE VALUES. THE GROUND FLOOR OF A CONDOMINIUM SHALL BE CLASSIFIED AS COMMERCIAL AND 20% OF THE ESTABLISHED VALUE SHALL BE ADDED THERETO. 6. AREA 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 (HLRB). IF IT IS UTILIZED FOR SOCIAL HOUSING, IT SHALL BE CERTIFIED TO AS SUCH BY THE PROPER GOVERNMENT AGENCY, E.G., PRESIDENTIAL COM- MISSION ON URBAN POOR (PCUP), NATIONAL HOUSING AUTHORITY (NHA), ETC. 7. 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 PROVIDED THAT THE CAPITAL GAINS TAX FROM SALES, EXCHANGES, OR OTHER DISPOSITIONS OF REAL PROPERTY CLASSIFIED AS CAPITAL ASSETS, INCLUDING "PACTO DE RETRO" SALES AND OTHER FORMS SHALL BE TAXED AT THE RATE OF 5% BASED ON THE GROSS SELLING PRICE, IF THE CONSIDERATION IS HIGHER THAN THE ZONAL VALUES GIVEN HEREIN ESTABLISHED. PROVIDED, HOWEVER, THAT THE VALUE OF THE PROPERTY TO BE USED IN COMPUTING ALL INTERNAL REVENUE 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 OR CITY ASSESSORS, WHICHEVER IS HIGHER.