Calculation of Premium for HOS Flats

 
Premium =
 
Prevailing Market value
 
x (

(Market Value at time of purchase - Purchase price)
Market Value at time of purchase
 
x100%)
For Example:

 

Prevailing Market value = 1,800,000
Market Value at time of purchase = 1,000,000
Purchase price = 600,000
Premium
= 1,800,000 x ( (1,000,000 - 600,000)  x100%)
1,000,000
  = 1,800,000 x 40%
  = 720,000