Definition of Terms, Classification Legend & Agricultural Lands

April 21, 2017 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 48 - WEST MAKATI IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN THE CITY OF MAKATI, NATIONAL CAPITAL REGION (7TH REVISION), WITHIN THE JURISDICTION OF REVENUE DISTRICT OFFICE NO. 48-WEST 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 A UNDIVIDED INTERESTS IN COMMON, DIRECTLY AND INDIRECT, 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 RDO NO. 48-WEST, MAKATI CITY CITY/MUNICIPALITY: MAKATI CITY BARANGAY: BANGKAL D.O. NO. 025-2017 Effectivity Date 6/11/2017 STREET/SUBDIVISION VICINITY CLASSIFICATION 7TH REV. ZV/SQ.M. AMORSOLO * CR 150,000.00 A. APOLINARIO ST. CR 70,000.00 RR 50,000.00 CAPT. M. REYES (M. Reyes) CR 75,000.00 RR 60,000.00 DALLAS ST. CR 70,000.00 RR 60,000.00 DON BOSCO ST.* CR 80,000.00 DON CHINO ROCES (PASONG TAMO) (CHINO ROCES) CR 180,000.00 EDSA CR 160,000.00 EVANGELISTA ST. CR 100,000.00 RR 75,000.00 GEN. M. CAPINPIN ST. (GEN. N. CAPINPIN) CR 70,000.00 RR 60,000.00 GEN. M. MALVAR ST. (GEN. MALVAR) CR 70,000.00 RR 60,000.00 GEN. P. SANTOS ST. (SANTOS) CR 70,000.00 RR 60,000.00 GEN. V. LIM ST. (GEN. A. LIM) CR 70,000.00 RR 60,000.00 GEN. V. LUKBAN ST. (U. LUKBAN) CR 70,000.00 RR 60,000.00 GEN. A. BONIFACIO ST. CR 70,000.00 RR 60,000.00 GEN. A. LUNA ST. CR 70,000.00 RR 65,000.00 GEN. ALEJANDRINO ST. EDSA EXTENSION CR 70,000.00 RR 60,000.00 GEN. E. MACABULOS ST. CR 70,000.00 RR 60,000.00 GEN. G. DEL PILAR ST. (GEN. DEL PILAR) CR 70,000.00 RR 60,000.00 GEN. J. BELARMINO ST. (GEN. A. BELARMINO) CR 70,000.00 RR 60,000.00 GEN. J. CAILLES ST. (GEN. CAILLES) CR 70,000.00 RR 60,000.00 GEN. J. LACUNA ST. CR 70,000.00 RR 60,000.00 GEN. M. HIZON ST. CR 70,000.00 RR 60,000.00 GEN. M. TINIO ST. CR 70,000.00 RR 60,000.00 GEN. MASCARDO ST. CR 70,000.00 RR 60,000.00 GEN. NATIVIDAD ST. (NATIVIDAD) CR 70,000.00 RR 60,000.00 GEN. O MOJICA ST. CR 70,000.00 RR 60,000.00 GEN. P. GARCIA ST. CR 70,000.00 RR 60,000.00 GEN. S. ESTRELLA ST. CR 70,000.00 RR 60,000.00 GEN. V. ZAMORA ST. (ZAMORA) CR 70,000.00 RR 60,000.00 J. CLIMACO ST. CR 70,000.00 RR 60,000.00 LA GUARDIA ST. * CR 70,000.00 RR 60,000.00 M. LLANERA ST. CR 70,000.00 RR 60,000.00 P. BINAY ST. (formerly Gen. Ricarte St.) CR 75,000.00 RR 65,000.00 RODRIGUEZ AVE. CR 70,000.00 RR 65,000.00 SABIO ST. * CR 70,000.00 RR 60,000.00 SOUTH SUPERHIGHWAY CR 160,000.00 WALLACE ST. * CR 70,000.00 RR 60,000.00 ALL OTHER STREETS CR -ALL STREETS ARE IDENTIFIED- RR INSTITUTION X 70,000.00 CONDOMINIUMS CIANNO PLAZA CONDOMINIUM M. REYES COR. MAS RC 72,500.00 CITYLAND PASONG TAMO CITY SQUARE ** CC 65,000.00 RC 55,000.00 GLOBAL TOWER CONDO ** CC 65,000.00 RC 60,000.00 THE ASPEN RESIDENCES ** RC 72,500.00 CC 85,000.00 THE MANCHESTER PLACE ** RC 75,000.00 SAN LORENZO PLACE ** CC 150,000.00 RC 130,000.00 SOUTH STAR PLAZA (Cityland Condominium 1233 Osmea Highway CC 50,000.00 RC 40,000.00 WEST TOWER CONDOMINIUM *** CC 40,000.00 RC 39,000.00 YULO PLAZA RC 50,000.00 TOWNHOUSES ECOLOGY VILLAGE * RC 120,000.00 (YULO PLAZA) actual location Brgy. Bangkal (deleted from Brgy. Pio del Pilar) condo units purely residential * Added Streets/Village (City Ordinance #2008-001 dated: Feb. 1, 2008) ** Condominiums, Buildings already exist but with no assigned value in the 6th Revision; Assigned Zonal Value in the 7th Revision *** With Gas Leak X-Institution, Embassy, Church and Schools NOTE: Parking slots for all condominiums shall be valued at 70% of the assigned zonal value of the condominium units. CONDOMINIUM UNITS LOCATED ON THE GROUND FLOOR SUBJECT TO ADDITIONAL 20% OF THE ZONAL VALUATION. All other streets/condominiums are identified. Developers/owners of condominium projects built after the effectivity of this revision shall request for assignment of zonal values from the Technical Committee on Real Property Valuation (TCRPV) chaired by the Assistant Regional Director of this Region. All other streets/condominiums are identified. BARANGAY: MAGALLANES VILLAGE STREET/SUBDIVISION VICINITY CLASSIFICATION 7TH REV. ZV/SQ.M. BEGONIA ST. RR 90,000.00 DON CHINO ROCES AVE. CR 180,000.00 (Formerly Pasong Tamo) RR 135,000.00 DON CHINO ROCES EXTN. (formerly Pasong Tamo Ext.) CR 180,000.00 EDSA CR 180,000.00 ENCARNACION ST. RR 90,000.00 FERNANDO ST. * RR 120,000.00 GALLERIA DE MAGALLANES VILLAGE Osmea Highway RR 70,000.00 HOMONHON ST. RR 90,000.00 HUMABON ST. CR 140,000.00 RR 90,000.00 LAPU-LAPU ST. (AVE.) CR 160,000.00 RR 120,000.00 LIMASAWA ST. RR 120,000.00 LUMBANG * CR 180,000.00 MACTAN ST. RR 80,000.00 MAGALLANES AVENUE RR 120,000.00 MAGALLANES CIRCLE RR 90,000.00 MAGDALENA ST. RR 90,000.00 MARGARITA ST. RR 90,000.00 ROSARIO ST. RR 90,000.00 SAN ANTONIO ST. Paseo de Magallanes CR 180,000.00 RR 120,000.00 SAN ANTONIO ST. Magallanes Village RR 90,000.00 SAN CARLOS ST. RR 90,000.00 SAN FELIPE ST. RR 90,000.00 SAN GERONIMO ST. RR 90,000.00 SAN GREGORIO ST. RR 90,000.00 SAN MARTIN ST. RR 90,000.00 SAN PABLO ST. RR 90,000.00 SANTIAGO ST. * Paseo de Magallanes CR 180,000.00 SOCORRO ST. RR 90,000.00 SOUTH SUPER HIGHWAY PASEO DE MAGALLANES CR 180,000.00 STA. ANA ST. RR 90,000.00 STA. ROSA ST. RR 90,000.00 TRINIDAD ST. RR 90,000.00 VICTORIA ST. EDSA CR 140,000.00 RR 80,000.00 ALL OTHER STREETS CR ALL STREETS RR ARE IDENTIFIED TOWNHOUSES - ECOLOGY VILLAGE * RC 120,000.00 * Added Streets/Village (City Ordinance #2008-001 dated: Feb. 1, 2008) NOTE: Parking slots for all condominiums shall be valued at 70% of the assigned zonal value of the condominium units. CONDOMINIUM UNITS LOCATED ON THE GROUND FLOOR SUBJECT TO ADDITIONAL 20% OF THE ZONAL VALUATION. All other streets/condominiums are identified. Developers/owners of condominium projects built after the effectivity of this revision shall request for assignment of zonal values from the Technical Committee on Real Property Valuation (TCRPV) chaired by the Assistant Regional Director of this Region. BARANGAY: PALANAN STREET/SUBDIVISION VICINITY CLASSIFICATION 7TH REV. ZV/SQ.M. AMPERE ST. CR 70,000.00 RR 62,500.00 ARARO ST. RR 70,000.00 ARELLANO AVE. CR 100,000.00 RR 70,000.00 BAUTISTA ST. CR 100,000.00 RR 70,000.00 BERMEO ST. RR 70,000.00 BIGASAN ST. RR 70,000.00 BOYLE ST. CR 90,000.00 RR 70,000.00 CALATAGAN ST. CR 90,000.00 RR 70,000.00 CAMALIG ST. RR 70,000.00 CASINO ST. CR 100,000.00 RR 70,000.00 CUENCA ST. CR 90,000.00 RR 70,000.00 CURIE ST. (CURRIE) CR 90,000.00 RR 70,000.00 DAYAP ST. CR 90,000.00 RR 70,000.00 J. DELA CRUZ ST. RR 70,000.00 DIAN ST. CR 100,000.00 RR 75,000.00 DIESEL ST. CR 90,000.00 RR 62,500.00 DURANGO ST. RR 62,500.00 EMILIA ST. CR 90,000.00 RR 70,000.00 ENRIQUE ST. CR 90,000.00 RR 70,000.00 EINTHOVEN ST. CR 70,000.00 RR 62,500.00 FAHRENHEIT ST. DIAN CR 70,000.00 RR 62,500.00 FILMORE ST. CASINO TO ZOBEL ROXAS CR 100,000.00 RR 70,000.00 FILMORE ST. SEN. GIL PUYAT TO CASINO CR 100,000.00 FLORIDA ST. RR 70,000.00 GUERNICA ST. RR 70,000.00 HAITI ST. RR 70,000.00 HILARIO ST. CR 90,000.00 RR 70,000.00 IBARRA ST. CR 90,000.00 RR 70,000.00 INCA ST . RR 70,000.00 JAVA ST . CR 90,000.00 RR 70,000.00 LOREDO ST. RR 70,000.00 MADRAS ST. (MANDRAS) RR 70,000.00 MAKILING ST. CR 90,000.00 RR 70,000.00 MARCONI ST. CR 90,000.00 RR 70,000.00 MATANZAS ST. RR 70,000.00 NEGROS ST. RR 70,000.00 NEWTON CR 90,000.00 RR 70,000.00 OLIVARES ST. CR 90,000.00 RR 70,000.00 PUERTO RICO ST. CR 90,000.00 RR 70,000.00 QUIRINAL ST. CR 90,000.00 RR 70,000.00 SEN. GIL PUYAT AVENUE CR 150,000.00 PRES. SERGIO OSMEA (FRMLY. SOUTH SUPERHIGHWAY) CR 150,000.00 ZOBEL ROXAS AVENUE PRES. SERGIO OSMEA (FRMLY. SOUTH SUPERHIGHWAY) CR 150,000.00 RR 145,000.00 ALL OTHER STREETS CR ALL STREETS RR ARE IDENTIFIED CONDOMINIUMS DIAN PLACE * 1720 Dian St. CC 110,000.00 RC 100,000.00 LJ CONDOMINIUM * 1846 Dian cor. Ampere St. CC 70,000.00 RC 60,000.00 MELBOURNE RESIDENCES * 1235 Sen. Gil Puyat Avenue CC 170,000.00 RC 160,000.00 SAYOC BLDG. BUENDIA/PALANAN CC 50,000.00 RC 45,000.00 SAYOC BUILDING 100 * 93 Sen Gil Puyat Ave. CC 55,000.00 RC 50,000.00 SCANDIC PALACE SUITES * 4291 Emilia St. CC 110,000.00 RC 100,000.00 P&I CONDOMINIUM * CC 70,000.00 RC 60,000.00 Batangas Street deleted under Brgy. Pio del Pilar * Condominiums, Buildings already exist but with no assigned value in the 6th Revision; Assigned Zonal Value in the 7th Revision NOTE: Parking slots for all condominiums shall be valued at 70% of the assigned zonal value of the condominium units. CONDOMINIUM UNITS LOCATED ON THE GROUND FLOOR SUBJECT TO ADDITIONAL 20% OF THE ZONAL VALUATION. All other streets/condominiums are identified. Developers/owners of condominium projects built after the effectivity of this revision shall request for assignment of zonal values from the Technical Committee on Real Property Valuation (TCRPV) chaired by the Assistant Regional Director of this Region . BARANGAY: PIO DEL PILAR STREET/SUBDIVISION VICINITY CLASSIFICATION 7TH REV. ZV/SQ.M. A. SANTUICO ST. DELA ROSA CR 90,000.00 RR 70,000.00 AMORSOLO ST. * CR 150,000.00 ARGUELLES ST. CR 70,000.00 RR 60,000.00 ARNAIZ AVE. AMORSOLO/S H-WAY CR 150,000.00 S S H-WAY/PASAY CR 100,000.00 BALDERAMA ST. CR 70,000.00 RR 60,000.00 BATANGAS ST. CR 70,000.00 RR 60,000.00 BEN HARRISON ST. CR 70,000.00 RR 60,000.00 CALHOUN ST. *** CR 70,000.00 RR 60,000.00 CAPT. APOLINARIO CR 70,000.00 RR 60,000.00 CAPT. M. REYES ST. CR 75,000.00 RR 60,000.00 CUANGCO ST. CR 70,000.00 RR 60,000.00 DALLAS ST. *** CR 70,000.00 RR 60,000.00 DELA ROSA ST. CR 150,000.00 DON BOSCO ST. * CR 150,000.00 DON CHINO ROCES AVENUE (Frmly. PASONG TAMO) CR 180,000.00 X 180,000.00 E. JACINTO ST. *** CR 90,000.00 RR 70,000.00 E. RAMOS ST. CR 90,000.00 RR 70,000.00 ESTACION ST. CR 120,000.00 RR 80,000.00 EVANGELISTA ST. (APOLINARIO ST.) CR 100,000.00 RR 80,000.00 FERNANDO ST. (HERNANDO) *** CR 75,000.00 RR 65,000.00 GRAY ST. RR 65,000.00 HAYES ST. CR 75,000.00 RR 65,000.00 HOOVER ST. *** CR 75,000.00 RR 65,000.00 J. VICTOR ST. CR 90,000.00 RR 70,000.00 JERRY ST. * CR 75,000.00 RR 65,000.00 L. FACUNDO ST. *** CR 75,000.00 RR 65,000.00 MAYOR ST. CR 75,000.00 RR 65,000.00 M. ANTONIO ST. *** CR 75,000.00 RR 65,000.00 M. OCAMPO ST. *** CR 90,000.00 RR 70,000.00 M. SANTILLAN ST. CR 90,000.00 RR 70,000.00 MCKINLEY ST. *** CR 75,000.00 RR 65,000.00 P. BINAY ST. * CR 75,000.00 RR 65,000.00 P. MEDINA ST. ARNAIZ CR 90,000.00 RR 70,000.00 PIERCE ST. * CR 75,000.00 RR 65,000.00 REYNALDO ST. CR 75,000.00 RR 65,000.00 ROOSEVELT ST. *** CR 90,000.00 RR 70,000.00 V.A. RUFINO ST. * CR 150,000.00 SAN ANTONIO ST. CR 75,000.00 RR 65,000.00 S. JAVIER ST. CR 90,000.00 RR 70,000.00 SEN. GIL PUYAT AVENUE CR 180,000.00 SOUTH SUPERHIGHWAY CR 150,000.00 T. TAYLO ST. CR 90,000.00 RR 70,000.00 TENGCO ST. CR 75,000.00 RR 65,000.00 URBAN AVENUE (FORMERLY TINDALO ST.) CR 150,000.00 VAN BUREN ST. *** CR 75,000.00 RR 65,000.00 VILLAR ST. CR 75,000.00 RR 65,000.00 WASHINGTON ST. CR 100,000.00 RR 80,000.00 WILSON ST. *** CR 90,000.00 RR 70,000.00 ALL OTHER STREETS CR -ALL STREETS RR ARE IDENTIFIED CONDOMINIUMS AIC BURGUNDY CORPORATE TOWER ** CC 150,000.00 RC 110,000.00 PS **** CITYLAND DELA ROSA I DELA ROSA CC 60,000.00 RC 50,000.00 PS **** CITYLAND ESTACION CC 60,000.00 RC 50,000.00 PS **** CITYLAND-MAKATI EXECUTIVE TOWER I CC 80,000.00 RC 55,000.00 PS **** CITYLAND-MAKATI EXECUTIVE TOWER II CC 80,000.00 RC 55,000.00 PS **** CITYLAND-MAKATI EXECUTIVE TOWER III ** CC 80,000.00 RC 55,000.00 CITYLAND-MAKATI EXECUTIVE TOWER IV ** CC 80,000.00 RC 55,000.00 CITYLAND P. TAMO TOWER CC 60,000.00 RC 40,000.00 PS **** CITYLAND SQUARE PASONG TAMO CC 42,000.00 RC 32,000.00 PS **** CITYLAND 8 ** CC 60,000.00 RC 40,000.00 HERALD SUITES RC 85,000.00 KING'S COURT CONDO I P. TAMO EXT. LEGASPI CC 70,000.00 PS **** KING'S COURT CONDO II P. TAMO EXT. LEGASPI CC 70,000.00 PS **** LAUREANO DE TREVI TOWER I, II and III ** RC 100,000.00 LEGASPI SUB URBAN HOUSE CONDO *** RC 55,000.00 MAKATI CINEMA SQUARE P. TAMO, LEGASPI VILLAGE CC 60,000.00 RC 55,000.00 PS **** MAKATI CINEMA SQUARE TOWER CC 65,000.00 RC 55,000.00 MARVIN PLAZA CONDOMINIUM ** CC 65,000.00 ONE LILAC PLACE ** PASONG TAMO CC 150,000.00 RC 130,000.00 ONE SANTILLAN PLACE *** RC 55,000.00 100 WEST ** CC 150,000.00 RC 140,000.00 ORIENTAL GARDEN MAKATI CONDO CC 120,000.00 RC 105,000.00 ORIENTAL PLACE ** CC 110,000.00 RC 95,000.00 PRAISE CONDOMINIUM *** RC 50,000.00 SANTILLAN APARTMENT RC 50,000.00 SISVAL APARTMENT RC 50,000.00 THE BEACON TOWER I ** CC 140,000.00 RC 110,000.00 THE BEACON TOWER II ** CC 140,000.00 RC 110,000.00 THE BEACON TOWER III ** CC 140,000.00 RC 110,000.00 VICTORIA DE MAKATI ** ALONG DELA ROSA CC 120,000.00 RC 80,000.00 WEST OF AYALA ** CC 120,000.00 RC 90,000.00 YULO PLAZA (located under Brgy. Bangkal) PASONG TAMO CC RC PS * Added Streets/Village (City Ordinance #2008-001 dated: Feb. 1, 2008). ** Condominiums, Buildings already exist but with no assigned value in the 6th Revision; Assigned Zonal Value in the 7th Revision. *** No CR/RR valuation in the 6th revision; Added CR/RR valuation in the 7th revision/Parking Space. Note: Pasong Tamo renamed to Don Chino Roces Ave. **** NOTE: Parking slots for all condominiums shall be valued at 70% of the assigned zonal value of the condominium units. CONDOMINIUM UNITS LOCATED ON THE GROUND FLOOR SUBJECT TO ADDITIONAL 20% OF THE ZONAL VALUATION. All other streets/condominiums are identified. Developers/owners of condominium projects built after the effectivity of this revision shall request for assignment of zonal values from the Technical Committee on Real Property Valuation (TCRPV) chaired by the Assistant Regional Director of this Region. BARANGAY: SAN ISIDRO STREET/SUBDIVISION VICINITY CLASSIFICATION 7TH REV. ZV/SQ.M. ALEXANDER ST. CR 70,000.00 RR 60,000.00 ARAGON ST. RR 60,000.00 ARSONVEL ST. CR 70,000.00 RR 60,000.00 BINAY AVE. CR 70,000.00 RR 60,000.00 BATANGAS ST. CR 90,000.00 RR 70,000.00 BAUTISTA ST. CR 90,000.00 RR 75,000.00 BELL ST. *** CR 80,000.00 RR 70,000.00 BOBCOCK ST. CR 80,000.00 RR 70,000.00 BOLIVIA ST. CR 80,000.00 RR 70,000.00 BORNEO ST. BATANGAS CR 80,000.00 RR 70,000.00 COPERNICUS ST. *** CR 80,000.00 RR 70,000.00 DALTON ST. CR 80,000.00 RR 70,000.00 DIAN ST. CR 90,000.00 RR 70,000.00 EDISON ST. CR 90,000.00 RR 70,000.00 EINSTEIN ST. CR 90,000.00 RR 70,000.00 FARADAY ST. CR 90,000.00 RR 70,000.00 FINLANDIA ST. CR 90,000.00 RR 70,000.00 FORD ST. CR 80,000.00 RR 70,000.00 GALVANI ST. CR 80,000.00 RR 70,000.00 GRANDUER ST. (GRANDEL) CR 80,000.00 RR 70,000.00 GUATEMALA ST. CR 80,000.00 RR 70,000.00 HONDURAS ST. CR 80,000.00 RR 70,000.00 MARCONI ST. GIL PUYAT CR 90,000.00 RR 70,000.00 MORSE ST. CR 75,000.00 RR 65,000.00 NEWTON ST. CR 80,000.00 RR 70,000.00 NOBEL ST. CR 80,000.00 RR 70,000.00 P. BINAY ST. CR 80,000.00 RR 70,000.00 PASTEUR ST. CR 80,000.00 RR 70,000.00 ROCKEFELLER ST. CR 80,000.00 RR 70,000.00 SEN GIL PUYAT (BUENDIA) CR 160,000.00 SOUTH SUPERHIGHWAY CR 160,000.00 URUGUAY ST. CR 80,000.00 RR 70,000.00 VOLTA ST. CR 80,000.00 RR 70,000.00 ZANZIBAR ST. *** CR 80,000.00 RR 70,000.00 ALL OTHER STREETS CR -ALL STREETS RR ARE IDENTIFIED- CONDOMINIUMS FINLANDIA HOUSE SAN ISIDRO VILL. CC 80,000.00 RC 70,000.00 HERALD SUITES HOTEL SOLANA ** Einstein St. CC 75,000.00 RC 65,000.00 ONE ROCKEFELLER CONDO ** CC 60,000.00 RC 50,000.00 MERVIN RESIDENCES ** CC 60,000.00 RC 50,000.00 * Added Streets/Village (City Ordinance #2008-001 dated: Feb. 1, 2008). ** Condominiums, Buildings already exist but with no assigned value in the 6th Revision; Assigned Zonal Value in the 7th Revision. *** No CR/RR valuation in the 6th revision; Added CR/RR valuation in the 7th revision. NOTE: Parking slots for all condominiums shall be valued at 70% of the assigned zonal value of the condominium units. CONDOMINIUM UNITS LOCATED ON THE GROUND FLOOR SUBJECT TO ADDITIONAL 20% OF THE ZONAL VALUATION. All other streets/condominiums are identified . Developers/owners of condominium projects built after the effectivity of this revision shall request for assignment of zonal values from the Technical Committee on Real Property Valuation (TCRPV) chaired by the Assistant Regional Director of this Region. CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES RDO No. 48-WEST MAKATI 1. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY: CAIHTE WHERE IN THE APPROVE 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 PURPOSED 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 PURPOSED OF ZONAL VALUATION. 3. ZONAL VALUES OF CONDOMINIUM UNIT/TOWNHOUSE: IF THE TITLE OF A PARTICULAR CONDOMINIUM UNIT/TOWNHOUSES IS a.) A CONDOMINIUM CERTIFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE LAND AND THE IMPROVEMENT 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. aScITE 4. AREAS FOR PRIORITY DEVELOPMENT (APD). THESE ARE AREAS IDENTIFIED AS AREAS FOR PRIORITY DEVELOPMENT CERTIFIED TO AS SUCH THE HOUSING AND LAND USE REGULATORY BOARD (HLURB). IF IT IS UTILIZED FOR SOCIALIZE 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. 5. ZONAL VALUE OF 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 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 ZONAL VALUES OF THE PROVINCIAL/CITY/MUNICIPAL ASSESSOR, WHICHEVER IS HIGHER. DETACa