Вы находитесь на странице: 1из 123

NOTICE

RR 8 - MAKATI
RDO No. 48 - West Makati

Schedules of Zonal Values per Department Order (DO)


DO No.

Revision

11-2010

Effectivity Dates
From

To

6th

4-Aug-10

Present

62-97

5th

13-Jan-98

3-Aug-10

94-96

4th

24-Dec-96

12-Jan-98

142-95

3rd

15-Dec-95

23-Dec-96

135-91

2nd

31-Jul-92

14-Dec-95

19-90

1st

25-Apr-90

30-Jul-92

51-87

Initial

9-Jun-87

24-Apr-90

NOTICE

See Details on
Sheet 7 (DO 11-2010)
Sheet 6 (DO 62-97)
Sheet 5 (DO 94-96)
Sheet 4 (DO 142-95)
Sheet 3 (DO 135-91)
Sheet 2 (DO 19-90)
Sheet 1 (DO 51-87)

Republic of the Philippines

DEPARTMENT OF FINANCE
Roxas Boulevard Corner Pablo Ocampo, Sr. Street
MANILA 1004

DEPARTMENT ORDER NO. 11-2010


June 21, 2010

SUBJECT

IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROEPERTIES IN T


CITY OF MAKATI UNDER THE JURISDICTION OF REVENUE DISTRICT OFFICE N
48-WEST MAKATI FOR INTERNAL REVENUE TAX PURPOSES.

TO

All Internal Revenue Officers and Others Concerned.

Section 6(E) of Republic Act No. 8424, otherwise known as the "Tax Reform Act of 1997",
authorizes the Commissioner of Internal Revenue to divide the Philippines into different zones or areas and
determine for internal revenue tax purposes, the fair market value of the real properties located in each zone
upon consultation with competent appraisers both from private and public sectors.

By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values
of real properties in the City of Makati (6th revision) within the jurisdiction of Revenue District Office No. 48-West
Makati, Revenue Region No. 08-Makati City after public hearing was conducted on September 18, 2008. This
Order is issued to implement the revised zonal values of real properties for the purposes for computing any internal
revenue tax due on sale/transfer or any other disposition of real properties.
The zonal values established herein shall apply provided the same is higher than 91) the fair market
value as shown in the schedule of values of the provincial or city assessor and (2) the gross sselling price/
consideration as shown in the duly notarized document of sale or transfer of real property.
This order shall take effect immediately.

(Original Signed)

MARGARITO B. TEVES
Secretary of Finance
RECOMMENDED BY:
(Original Signed)

JOEL L. TAN-TORRES
Commissioner of Internal Revenue
-oOo-

Page 3

DEFINITION OF TERMS
RESIDENTIAL

LAND/BUILDING PRINCIPALLY DEVOTED TO HABITATION.

COMMERCIAL

LAND/BUILDING DEVOTED PRINCIPALLY TO COMMMERCIAL


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.

VICINITY

MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT


ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A
STREET BEING LOCATED.

CLASSIFICATION LEGEND:
CODE

CLASSIFICATION

CODE

CLASSIFI

RR

Residential Regular

GL

Governmen GL

CR

Comemrcial Regular

GP*

General Pu GP*

RC

Residential Condominium

CC

Commercial Condominium X

Institutiona; X

CL

Cemetery Lot

APD

Area for P

Agricultural

PS

Parking Slot PS

Industrial

Page 4

CODE

I
APD

AGRICULTURAL LANDS
A1

Riceland Irrigated

A26 Bamboo Land

A2

Riceland Unirrigated

A27 Peanut Land

A3

Upland

A28 Soy beans Land

A4

Coco Land

A29 Grape vineyard

A5

Citrus Land

A30 Pepper Land

A6

Fishpond

A31 Mineral Land

A7

Swamp

A32 Non Metallic mineral Land

A8

Nipa Land

A33 Coal Deposit

A9

Cotton Land

A34 African Oil Land

A10 Cogon

A35 Rubber Land

A11 Abaca Land

A36 Forest Land/Timber Land

A12 Orchard

A37 Horticultural Land

A13 Pineapple Land

A38 Salt Beds

A14 Banana Land

A39 Seashore

A15 Pasture Land

A40 Resort

A16 Corn Land

A41 Sandy/Stony

A17 Sugar Land

A42 Prawn pond

A18 Tobacco Land

A43 Sorghum

A19 Cacao

A44 Ipil-ipil

A20 Lanzones

A45 Kangkong

A21 Durian

A46 Zarate

A22 Rambutan

A47 Vegetable Land

A23 Mango

A48 Coffee

A24 Mangrove

A49 Mountainous / Hilly Areas

A25 Camote/Cassava

A50 Other Agricultural Lands


-oOo-

Page 5

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: BANGKAL
Effectivity Date
04-Aug-10
-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------A. APOLINARIO (APOLINARIO)
CR
25,000.00
RR
18,000.00
BINAY ST. (formerly Gen. Ricarte St.)
CR
25,000.00
RR
18,000.00
CAPT. M. REYES
CR
25,000.00
RR
18,000.00
CHINO ROCES (PASONG TAMO)
CR
70,000.00
DALLAS ST
EDSA
CR
25,000.00
RR
18,000.00
EDSA
CR
80,000.00
EVANGELISTA
CR
40,000.00
RR
18,000.00
GEN. J. BELARMINO (GEN. A. BELARMINO)
CR
25,000.00
RR
18,000.00
GEN. A. BONIFACIO
CR
25,000.00
RR
18,000.00
GEN V. LIM (GEN A. LIM)
CR
25,000.00
RR
18,000.00
GEN. A. LUNA
CR
25,000.00
RR
18,000.00
GEN. ALEJANDRINO (ALEJANDRINO) EDSA EXTENSION
CR
25,000.00
RR
18,000.00
GEN. E. MACABULOS
CR
25,000.00
RR
18,000.00
GEN. G. DEL PILAR (GEN. DEL PILAR)
CR
22,500.00
RR
18,000.00
GEN. J. CAILLES (GEN CAILLES)
CR
25,000.00
RR
18,000.00
GEN. J. LACUNA
CR
25,000.00
RR
18,000.00
GEN V. LUKBAN (U. LUKBAN)
CR
25,000.00
RR
18,000.00
GEN M. CAPINPIN (GEN N. CAPINPIN)
CR
25,000.00
RR
18,000.00
GEN. NATIVIDAD (NATIVIDAD)
CR
25,000.00
RR
18,000.00
GEN. M. HIZON
CR
25,000.00
RR
18,000.00
GEN. M. TINIO
CR
25,000.00
RR
18,000.00

Page 6

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: BANGKAL (CONT.)


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------GEN M. MALVAR (GEN MALVAR)
CR
25,000.00
RR
18,000.00
GEN. MASCARDO
CR
25,000.00
RR
18,000.00
GEN. O MOJICA
CR
25,000.00
RR
18,000.00
GEN. P. GARCIA
CR
25,000.00
RR
18,000.00
GEN P. SANTOS (SANTOS)
CR
25,000.00
RR
18,000.00
GEN. S. ESTRELLA
CR
25,000.00
RR
18,000.00
GEN. V. ZAMORA (ZAMORA)
CR
25,000.00
RR
18,000.00
J. CLIMACO
CR
25,000.00
RR
18,000.00
M. LLANERA
CR
25,000.00
RR
18,000.00
RODRIGUEZ AVE
CR
25,000.00
RR
18,000.00
SOUTH SUPERHIGHWAY
CR
80,000.00
ALL OTHER STREETS
CR
25,000.00
RR
18,000.00
CONDOMINIUMS & TOWNHOUSES (CCT)
CIANNO PLAZA COND.
M REYES cor MASCARDO
CITYLAND CONDOMINIUM (C25) SSH BANCAL
ALL OTHER CONDOMINIUMS

ALL OTHER TOWNHOUSES

RC
CC
CC
RC
PS
RC

40,000.00
37,500.00
53,500.00
42,500.00
35,000.00
42,000.00

Per RDOs justification, Ciano Plaza Condo & Cityland Condominium (C25) are old condos, hence,
no adjustment made.

Page 7

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: MAGALLANES VILLAGE


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------BEGONIA
RR
25,000.00
DON CHINO ROCES EXTN
CR
90,000.00
EDSA
BGY. MAGALLANES
CR
80,000.00
ENCARNACION
RR
25,000.00
GALLERIA DE MAGALLANES VILLAGE CONDO STYLE VILLAGE
RR
50,000.00
HOMONHON
RR
25,000.00
HUMABON
CR
60,500.00
RR
25,000.00
LAPU-LAPU ST.(AVE.)
CR
60,500.00
RR
25,000.00
LIMASAWA
RR
25,000.00
MACTAN
RR
25,000.00
MAGALLANES AVENUE
RR
25,000.00
MAGALLANES CIRCLE
RR
25,000.00
MAGDALENA AVENUE
RR
25,000.00
MARGARITA
RR
25,000.00
PASONG TAMO
CR
90,000.00
P. DE MAGALLANES
SAN ANTONIO ST
CR
90,000.00
(Formerly Magallanes Comm'l Center)
RR
33,750.00
ROSARIO
RR
25,000.00
SAN ANTONIO
RR
25,000.00
SAN CARLOS
RR
25,000.00
SAN FELIPE
RR
25,000.00
SAN GERONIMO
RR
25,000.00
SAN GREGORIO
RR
25,000.00
SAN MARTIN
RR
25,000.00
SAN PABLO
RR
25,000.00
SOCORRO
RR
25,000.00
STA. ANA
RR
25,000.00
STA. ROSA
RR
25,000.00
SOUTH SUPERHIGHWAY
PASEO DE MAGALLANES
CR
80,000.00
TRINIDAD
RR
25,000.00
VICTORIA
EDSA
CR
60,500.00
RR
25,000.00
ALL OTHER STREETS
CR
60,500.00
RR
25,000.00
CONDOMINIUMS & TOWNHOUSES (CCT)
GALLERIA DE MAGALLANES CON SOUTH SUPERHI-WAY
RC
*
ALL OTHER CONDOMINIUMS
CC
52,500.00
RC
48,500.00
PS
35,000.00
ALL OTHER TOWNHOUSES
RC
48,000.00
* See Galleria de Magallanes Village

Page 8

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: PALANAN
-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------AMPERE
CR
32,500.00
RR
18,000.00
ARARO
RR
18,000.00
ARELLANO AVENUE
CR
32,500.00
RR
18,000.00
BATANGAS
RR
*
BAUTISTA
CR
32,500.00
RR
18,000.00
BERMEO
RR
18,000.00
BIGASAN
RR
18,000.00
BOYLE
CR
32,500.00
RR
18,000.00
CALATAGAN
CR
32,500.00
RR
18,000.00
CAMALIG
RR
18,000.00
CASINO
CR
32,500.00
RR
18,000.00
CUENCA
CR
32,500.00
RR
18,000.00
CURRIE ST.
CR
32,500.00
RR
18,000.00
DAYAP
CR
32,500.00
RR
18,000.00
DELA CRUZ
RR
18,000.00
DIAN
CR
32,500.00
RR
18,000.00
DIESEL
CR
32,500.00
RR
18,000.00
DURANGO
RR
18,000.00
EMILIA
CR
32,500.00
RR
18,000.00
ENRIQUE
CR
32,500.00
RR
18,000.00
EINTHOVEN
CR
32,500.00
RR
18,000.00
FAHRENHEIT
DIAN
CR
35,000.00
RR
18,000.00

*Batangas is within Barangay Pio del Pilar-South

Page 9

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: PALANAN (CONT.)


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------FILMORE
CR
32,500.00
RR
18,000.00
BUENDIA
CR
35,000.00
FLORIDA
RR
18,000.00
GUERNICA
RR
18,000.00
HAITI
RR
18,000.00
HILARIO
CR
32,500.00
RR
18,000.00
IBARRA
CR
32,500.00
RR
18,000.00
INCA
RR
18,000.00
JAVA
CR
32,500.00
RR
18,000.00
LOREDO
RR
18,000.00
MADRAS
RR
18,000.00
MAKILING
CR
32,500.00
RR
18,000.00
MARCONI
CR
32,500.00
RR
18,000.00
MATANZAS
RR
18,000.00
NEGROS
RR
18,000.00
NEWTON
CR
32,500.00
RR
18,000.00
OLIVARES
CR
32,500.00
RR
18,000.00
PUERTO RICO
CR
32,500.00
RR
18,000.00
QUIRINAL
CR
32,500.00
RR
18,000.00
SEN. GIL PUYAT
CR
90,000.00
SOUTH SUPERHIGHWAY
CASH AND CARRY
CR
80,000.00
ZOBEL ROXAS
SOUTH SUPERHIGHWAY
CR
32,500.00
RR
18,000.00
ALL OTHER STREETS
CR
32,500.00
RR
18,000.00
CONDOMINIUMS & TOWNHOUSES (CCT)
SAYOC BLDG.
BUENDIA/PALANAN
CC
45,000.00
RC
42,500.00
ALL OTHER CONDOMINIUMS
RC
40,000.00
CC
45,000.00
PS
35,000.00
ALL OTHER TOWNHOUSES
RC
37,000.00
Per RDO's justifications, Sen. Gil Puyat St was previously overvalued and Sayoc Building is already
an old building, hence no adjustments made.

Page 10

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: PIO DEL PILAR - NORTH (ARNAIZ)


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------A. SANTUICO ST.
DELA ROSA
CR
70,000.00
RR
18,000.00
ARNAIZ AVE
P.TAMO/S S H-WAY
CR
80,000.00
S S H-WAY/PASAY (See Pio
del Pilar - South)
CR
*
BERMEO
CALHOUN
RR
**
CUENCA
RR
**
DAYAP
RR
**
DELA ROSA
CR
70,000.00
E. JACINTO
RR
18,000.00
E. RAMOS
CR
30,000.00
RR
18,000.00
FERNANDO (HERNANDO)
RR
18,000.00
HOOVER
RR
18,000.00
J. VICTOR
CR
30,000.00
RR
18,000.00
L. FACUNDO
RR
18,000.00
M. ANTONIO
RR
18,000.00
M. OCAMPO
RR
18,000.00
M. SANTILLAN
CR
30,000.00
RR
18,000.00
MCKINLEY
RR
18,000.00
P. MEDINA
DELA ROSA / GIL PUYAT
CR
70,000.00
RR
18,000.00
ARNAIZ
CR
60,000.00
PASONG TAMO
CR
80,000.00
ROOSEVELT
RR
18,000.00
S. JAVIER
CR
30,000.00
RR
18,000.00
SEN. GIL PUYAT
CR
100,000.00
SOUTH SUPERHIGHWAY
CR
80,000.00
T. TAYLO ST.
DELA ROSA
CR
70,000.00
RR
18,000.00
TINDALO (URBAN AVENUE)
CR
90,000.00
VILLAR
CR
30,000.00
RR
18,000.00
WASHINGTON
DELA ROSA / GIL PUYAT
CR
80,000.00
TINDALO
RR
18,000.00
WILSON
RR
18,000.00

*Arnaiz Ave with vicinity of SS H-Way/Pasay is now within Brgy Pio del Pilar-South
**Bermeo, Cuenca & Dayap Streets are all within Brgy Palanan
Per RDO's justification, Dela Rosa St was previously overvalued, hence, no adjustment made

Page 11

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: PIO DEL PILAR - NORTH (ARNAIZ) (CONT.)


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------ALL OTHER STREETS
CR
30,000.00
RR
18,000.00
CONDOMINIUMS & TOWNHOUSES (CCT)
CITYLAND DELA ROSA I
DELA ROSA

CITYLAND - MAKATI EXECUTIVE TOWER I

CITYLAND - MAKATI EXECUTIVE TOWER II

HERALD SUITES
KING'S COURT CONDO I
(KING'S COURT CONDO)
KING'S COURT CONDO II

P. TAMO EXT. LEGASPI


P. TAMO EXT. LEGASPI

LEGASPI SUB URBAN HOUSE CONDO


MAKATI CINEMA SQUARE
P. TAMO, LEGASPI VILLAGE

BANGKAL
BUENDIA/PALANAN
MAKATI CINEMA SQUARE TOWER

ONE SANTILLAN PLACE


ORIENTAL GARDEN MAKATI CONDO

PRAISE CONDOMINIUM
SANTILLAN APARTMENT
SISVAL APARTMENT
ALL OTHER CONDOMINIUMS

ALL OTHER TOWNHOUSES

CC
RC
PS
CC
RC
PS
CC
RC
PS
RC
CC
PS
CC
PS
RC
CC
RC
PS
RC
CC
CC
RC
PS
RC
CC
RC
PS
RC
RC
RC
CC
RC
PS
RC

50,000.00
45,000.00
35,000.00
70,000.00
50,000.00
35,000.00
70,000.00
50,000.00
35,000.00
42,500.00
52,500.00
35,000.00
45,000.00
35,000.00
45,000.00
45,000.00
42,500.00
35,000.00
*
*
45,000.00
42,500.00
35,000.00
30,000.00
70,000.00
60,000.00
45,000.00
30,000.00
30,000.00
30,000.00
50,000.00
47,000.00
35,000.00
46,000.00

* Should be for Sayoc Building (See Barangay Palanan)


Per RDO's justification, All Condominiums previous valued under the 5th revision are already old,
hence, no adjustments made.

Page 12

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: PIO DEL PILAR - SOUTH (ARNAIZ)


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------ARNAIZ AVE (PASAY ROAD)
SS HIWAY - PASAY
CR
70,000.00
ARGUELLES
CR
30,000.00
RR
18,000.00
BALDERAMA (VALDERAMA)
CR
30,000.00
RR
18,000.00
BATANGAS
CR
30,000.00
RR
18,000.00
BEN HARRIZON
CR
30,000.00
RR
18,000.00
CALHOUN (MERRY CALON)
RR
18,000.00
CAPT. APOLINARIO
CR
30,000.00
RR
18,000.00
CAPT. M. REYES
CR
30,000.00
RR
18,000.00
CUANGCO
CR
30,000.00
RR
18,000.00
DALLAS
RR
18,000.00
ESTACION
CR
30,000.00
RR
18,000.00
EVANGELISTA ST (APOLINARIO ST)
CR
30,000.00
RR
18,000.00
GRAY ST
RR
18,000.00
HAYES ST
CR
30,000.00
RR
18,000.00
MAYOR
CR
30,000.00
RR
18,000.00

Page 13

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: PIO DEL PILAR - SOUTH (ARNAIZ) (CONT.)


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------PAREDES AVENUE
RR
*
REYNALDO ST
GIL PUYAT AVE
CR
30,000.00
RR
18,000.00
SAN ANTONIO
RR
18,000.00
CR
30,000.00
TENGCO ST
CR
30,000.00
RR
18,000.00
VAN BUREN
RR
18,000.00
ALL OTHER STREETS
CR
30,000.00
RR
18,000.00
CONDOMINIUMS & TOWNHOUSES (CCT)
CITYLAND ESTACION

CITYLAND P. TAMO TOWER

PIO DEL PILAR

CITY SQUARE PASONG TAMO

PIO DEL PILAR

YULO PLAZA

P.TAMO

ALL OTHER CONDOMINIUMS

ALL OTHER TOWNHOUSES

CC
RC
PS
CC
RC
PS
CC
RC
PS
CC
RC
PS
CC
RC
PS
RC

50,000.00
45,000.00
35,000.00
50,000.00
35,000.00
34,000.00
32,000.00
27,000.00
25,000.00
43,500.00
42,500.00
35,000.00
48,000.00
47,000.00
35,000.00
46,000.00

* Paredes Avenue is not existing within the jurisdiction of RDO No. 48, West Makati
Per RDO's justification, All Condominiums identified in the previous revision are already old,
hence, no adjustment made.

Page 14

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: SAN ISIDRO


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------ALEXANDER
CR
30,000.00
RR
18,000.00
ARNAIZ ST
P. TAMO - SS H WAY
CR
*
(See Brgy Pio del Pilar - North)
SS H WAY - PASAY
CR
**
ARNAIZ ST (SAN ISIDRO)
BATANGAS - PASAY
CR
70,000.00
ARAGON
RR
18,000.00
ARSONVAL
CR
30,000.00
RR
18,000.00
BATANGAS
RR
18,000.00
ALL STREETS
CR
30,000.00
GIL PUYAT
CR
60,000.00
BAUTISTA
RR
18,000.00
GIL PUYAT
CR
60,000.00
ALL STREETS
CR
30,000.00
BELL
RR
18,000.00
BEN HARRIZON (See Brgy Pio del Pilar - South)
RR
**
BINAY AVE
CR
30,000.00
RR
18,000.00
BOBROCK (BABCOCK)
CR
30,000.00
RR
18,000.00
BOLIVIA
CR
30,000.00
RR
18,000.00
BORNEO
BATANGAS
CR
30,000.00
RR
18,000.00
CAPT. M. REYES (See Brgy Pio del Pilar - South)
RR
**
CR
**
COPERNICUS
RR
18,000.00
DALTON
CR
30,000.00
RR
18,000.00
DIAN
RR
18,000.00
GIL PUYAT
CR
60,000.00
ALL STREETS
CR
30,000.00

*Arnaiz St with vicinity of P. Tamo-SSHway is within Brgy Pio del Pilar North.
** Arnaiz St with vicinity of SSHway-Pasay, Ben Harrizon & Capt M. Reyes are all within
Barangay Pio del Pilar-South.

Page 15

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: SAN ISIDRO (CONT.)


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------EDISON
RR
18,000.00
GIL PUYAT
CR
60,000.00
ALL STREETS
CR
30,000.00
EINSTEIN
CR
30,000.00
RR
18,000.00
EVANGELISTA ST
CR
*
FARADAY
CR
30,000.00
RR
18,000.00
FINLANDIA
GIL PUYAT
CR
60,000.00
RR
18,000.00
FORD
CR
30,000.00
RR
18,000.00
GALVANI
CR
30,000.00
RR
18,000.00
GRANDUER (GRANDEL)
CR
30,000.00
RR
18,000.00
GUATEMALA
CR
30,000.00
RR
18,000.00
HAYES ST (See Barangay Pio del Pilar - South)
RR
**
HONDURAS
CR
30,000.00
RR
18,000.00
MARCONI
RR
18,000.00
GIL PUYAT
CR
60,000.00
ALL STREETS
CR
30,000.00
MORSE
CR
30,000.00
RR
18,000.00
NEWTON
CR
30,000.00
RR
18,000.00
NOBEL
CR
30,000.00
RR
18,000.00

Note: *Evangelista St is within Barangays Bangkal & Pio del Pilar South
**Hayes St is within Barangay Pio del Pilar South.

Page 16

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

BARANGAY: SAN ISIDRO (CONT.)


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------P. BINAY
CR
30,000.00
RR
18,000.00
PASTEUR
CR
30,000.00
RR
18,000.00
ROCKEFELLER
CR
30,000.00
RR
18,000.00
SAN ANTONIO
RR
*
SEN. GIL PUYAT (BUENDIA)
CR
90,000.00
SOUTH SUPERHIGHWAY
CR
80,000.00
URUGUAY
CR
30,000.00
RR
18,000.00
VAN BUREN
RR
*
VOLTA
RR
18,000.00
ZANZIBAR
RR
18,000.00
ALL OTHER STREETS
CR
30,000.00
RR
18,000.00
CONDOMINIUMS & TOWNHOUSES (CCT)
FINLANDIA HOUSE
SAN ISIDRO VILL
ALL OTHER CONDOMINIUMS

ALL OTHER TOWNHOUSES

CC
RC
CC
RC
PS
RC

40,000.00
38,000.00
40,000.00
38,000.00
35,000.00
37,000.00

Per RDO's justifications, Sen. Gil Puyat (Buendia) & CR of All Other Streets are previously over valued, hence,
no adjustment made.
*San Antonio & Van Buren Streets are within Barangay Pio del Pilar South

Page 17

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

CONDOMINIUMS AND TOWNHOUSES


-------------------------------------------------- ----------------------------------- ------------- -----------------CLASSI6TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------- ----------------------------------- ------------- -----------------ALL OTHER CONDOMINIUMS
CC
*
RC
*
PS
*
ALL OTHER TOWNHOUSES
RC
*
PARKING SLOTS
ONE UNIT
RC/CC
*

Note: *All Other Condominiums, Townhouses are valued per barangay


===================== =============== ===============

Page 18

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

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:
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 PROERTY 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 PROERTIES, 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.

Page 19

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.

11-2010

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 (HLRB).

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.
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 TAC 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 FAIE MARKET VALUE AS SHOWN IN THE SCHEDULE OF
ZONAL VALUES OF THE PROVINCIAL/CITY/MUNICIPAL ASSESSOR, WHICHEVER IS HIGHER.

Page 20

Republic of the Philippines


DEPARTMENT OF FINANCE
Roxas Boulevard Corner Pablo Ocampo, Sr. Street
MANILA 1004

DEPARTMENT ORDER NO. 62-97


June 6, 1997
SUBJECT:

TO

IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN MAKATI


CITY UNDER REVENUE DISTRICT OFFICE NO. 48 (WEST MAKATI), REVENUE REGION NO
8 (MAKATI CITY) FOR INTERNAL REVENUE TAX PURPOSES.
All Internal Revenue Officers and Others Concerned.

Section 16 (e) of the Tax Code as amended by Presidential Decree No. 1994, authorizes the
Commissioner of Internal Revenue to divide the Philippines into different zones or areas and determine for
internal revenue tax purposes, the fair market value of the real properties located in each zones or area
upon consultation with competent appraisers both fromprivate and public sectors.
By virture of said authority, the Commissioner of Internal Revenue has determined the zonal values
of real properties (5th revision) located in Makati City under the jurisdiction of Revenue District Office No. 48
(West Makati), Revenue Region No. 8 (Makati City) after public hearing was conducted on January 5, 1997
for the purpose. This Order is issued to implement the revised zonal values for land to be used in computing
any internal revenue tax.
In case the gross selling price or the market value as shown in the schedule of values of the
provincial or city assessor is higher than the zonal value established herein, suuch values shall be used as
basis for computing the internal revenue tax.
This Order shall take effect immediately.

(Original Signed)

ROBERTO F. DE OCAMPO
Secretary of Finance
RECOMMENDED BY:
(Original Signed)

LIWAYWAY VINZONS-CHATO
Commissioner of Internal Revenue
-oOo-

Page21

RDO NO. 48-WEST MAKATI


CITY/MUNICIPALITY: MAKATI CIT
D.O. NO.
62-97
BARANGAY: BANGKAL
Effectivity Date 13-Jan-98
------------------------------------------------- ---------------------------------- ------------------- ----------------------CLASSI5TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------- ---------------------------------- ------------------- ----------------------ALEJANDRINO
EDSA EXTENSION
RR
16,500.00
APOLINARIO
RR
16,500.00
BINAY ST.
RR
16,500.00
CR
22,500.00
CAPT. M. REYES
RR
16,500.00
CR
22,500.00
EDSA
CR
75,000.00
EVANGELISTA
RR
16,500.00
CR
37,500.00
GEN. A. BELARMINO
RR
16,500.00
GEN. A. BONIFACIO
RR
16,500.00
GEN. A. LIM
RR
16,500.00
GEN. A. LUNA
RR
16,500.00
GEN. CAILLES
RR
16,500.00
CR
22,500.00
GEN. DEL PILAR
RR
16,500.00
GEN. E. MACABULOS
RR
16,500.00
GEN. G. DEL PILAR
RR
16,500.00
GEN. J. LACUNA
RR
16,500.00
GEN. N. CAPINPIN
RR
16,500.00
GEN. M. HIZON
RR
16,500.00
GEN. M. TINIO
RR
16,500.00
GEN. MALVAR
RR
16,500.00
GEN. MASCARDO
RR
16,500.00
GEN. O MOJICA
RR
16,500.00
GEN. P. GARCIA
RR
16,500.00
GEN. S. ESTRELLA
RR
16,500.00
GEN. U. LUKBAN
RR
16,500.00
NATIVIDAD
RR
16,500.00
RODRIGUEZ
RR
16,500.00
SANTOS
RR
16,500.00
SOUTH SUPERHIGHWAY
CR
75,000.00
ZAMORA
RR
16,500.00
ALL OTHER STREETS
RR
16,500.00
CR
22,500.00
ALL CONDOS, TOWNHOUSES, COMMERCIAL & INDUSTRIAL BL
RC
40,000.00
CC
52,500.00

Page22

CITY/MUNICIPALITY: MAKATI CIT


D.O. NO.
62-97
BARANGAY: MAGALLANES VILLAGE
Effectivity Date 13-Jan-98
------------------------------------------------- ---------------------------------- ------------------- ----------------------CLASSI5TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------- ---------------------------------- ------------------- ----------------------BEGONIA
RR
22,500.00
ENCARNACION
RR
22,500.00
HOMONHON
RR
22,500.00
HUMABON
RR
22,500.00
LAPU-LAPU AVENUE
RR
22,500.00
LIMASAWA
RR
22,500.00
MACTAN
RR
22,500.00
MAGALLANES AVENUE
RR
22,500.00
MAGALLANES CIRCLE
RR
22,500.00
MAGDALENA AVENUE
RR
22,500.00
MARGARITA
RR
22,500.00
PASONG TAMO
CR
80,000.00
ROSARIO
RR
22,500.00
SAN ANTONIO
RR
22,500.00
SAN CARLOS
RR
22,500.00
SAN FELIPE
RR
22,500.00
SAN GERONIMO
RR
22,500.00
SAN GREGORIO
RR
22,500.00
SAN MARTIN
RR
22,500.00
SAN PABLO
RR
22,500.00
SOCORRO
RR
22,500.00
STA. ANA
RR
22,500.00
STA. ROSA
RR
22,500.00
TRINIDAD
RR
22,500.00
VICTORIA
RR
22,500.00
ALL OTHER STREETS
RR
22,500.00
CR
60,000.00
GALLERIA DE MAGALLANES
SOUTH SUPERHI-WAY
RC
42,500.00
ALL OTHER CONDS, TOWNHOUSES,
RC/CC
47,500.00
COMM'L INDL BUILDINGS

Page23

CITY/MUNICIPALITY: MAKATI CIT


D.O. NO.
62-97
BARANGAY: PALANAN
Effectivity Date 13-Jan-98
------------------------------------------------- ---------------------------------- ------------------- ----------------------CLASSI5TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------- ---------------------------------- ------------------- ----------------------AMPERE
RR
14,500.00
ARARO
RR
14,500.00
ARELLANO AVENUE
RR
14,500.00
BATANGAS
RR
14,500.00
BAUTISTA
RR
14,500.00
BERMEO
RR
14,500.00
BIGASAN
RR
14,500.00
BOYLE
RR
14,500.00
CALATAGAN
RR
14,500.00
CAMALIG
RR
14,500.00
CASINO
RR
14,500.00
CUENCA
RR
14,500.00
CURRIE
RR
14,500.00
DAYAP
RR
14,500.00
DIAN
RR
14,500.00
DIESEL
RR
14,500.00
DORANGO
RR
14,500.00
EMILIA
RR
14,500.00
ENRIQUE
RR
14,500.00
ENTHOVEN
RR
14,500.00
FAHRENHEIT
RR
14,500.00
FILMORE
RR
14,500.00
FILMORE BUENDIA
CR
32,500.00
FLORIDA
RR
14,500.00
GUERNICA
RR
14,500.00
HILARIO
RR
14,500.00
IBARRA
RR
14,500.00
JAVA
RR
14,500.00
LAREDO
RR
14,500.00
MADRAS
RR
14,500.00
MAKILING
RR
14,500.00
MARCONI
RR
14,500.00
MATANZAS
RR
14,500.00
NEGROS
RR
14,500.00
OLIVARES
RR
14,500.00
PUERTO RICO
RR
14,500.00
APD
QUIRINAL
RR
14,500.00
APD
SEN. GIL PUYAT
CR
90,000.00
ALL OTHER STREETS
CR
30,000.00
RR
14,500.00
ALL CONDOMINIUMS, TOWNHOUSES,
RC
35,000.00
COMMERCIAL & INDUSTRIAL BUILDINGS

Page24

CITY/MUNICIPALITY: MAKATI CIT


D.O. NO.
62-97
BARANGAY: ARNAIZ (PIO DEL PILAR) NORTH
Effectivity Date 13-Jan-98
------------------------------------------------- ---------------------------------- ------------------- ----------------------CLASSI5TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------- ---------------------------------- ------------------- ----------------------ANTONIO
RR
14,500.00
BERMEO
RR
14,500.00
CUENCA
RR
14,500.00
DAYAP
RR
14,500.00
DELA ROSA
CR
70,000.00
E. JACINTO
RR
14,500.00
E. RAMOS
RR
14,500.00
FACUNDO
RR
14,500.00
HERNANDO
RR
14,500.00
HOOVER
RR
14,500.00
J. VICTOR
RR
14,500.00
JAVIER
CR
27,500.00
RR
14,500.00
M. OCAMPO
RR
14,500.00
MCKINLEY
RR
14,500.00
MEDINA
RR
14,500.00
PASONG TAMO
CR
70,000.00
ARNAIZ ST (PIO DEL PILAR)
P.TAMO/S S H-WAY
CR
70,000.00
S S H-WAY/PASAY
CR
60,000.00
ROOSEVELT
RR
14,500.00
SANTILLAN
RR
14,500.00
SEN. GIL PUYAT
CR
90,000.00
TINDALO (URBAN AVE.)
CR
80,000.00
VILLAR
RR
14,500.00
WASHINGTON
RR
14,500.00
WILSON
RR
14,500.00
ALL OTHER STREETS
RR
14,500.00
CR
27,500.00
ALL OTHER CONDOMINIUMS
RC
45,000.00
CC
45,000.00

Page25

CITY/MUNICIPALITY: MAKATI CIT


D.O. NO.
62-97
BARANGAY: ARNAIZ (PIO DEL PILAR) SOUTH
Effectivity Date 13-Jan-98
------------------------------------------------- ---------------------------------- ------------------- ----------------------CLASSI5TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------- ---------------------------------- ------------------- ----------------------ARGUELLES
RR
14,500.00
BATANGAS
RR
14,500.00
CAPT. APOLINARIO
RR
14,500.00
CAPT. M. REYES
RR
14,500.00
CR
27,500.00
CUANGCO
RR
14,500.00
DALLAS
RR
14,500.00
MERRY CALON
RR
14,500.00
PAREDES AVENUE
RR
14,500.00
VALDERAMA
RR
14,500.00
ALL CONDOMINIUMS, TOWNHOUSES
RC
45,000.00
COMM'L & IND'L BLDG
ALL OTHER STREETS
CR
27,500.00

Page26

CITY/MUNICIPALITY: MAKATI CIT


D.O. NO.
62-97
BARANGAY: SAN ISIDRO
Effectivity Date 13-Jan-98
------------------------------------------------- ---------------------------------- ------------------- ----------------------CLASSI5TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------- ---------------------------------- ------------------- ----------------------ARNAIZ ST (PIO DEL PILAR)
P. TAMO - SS H WAY
CR
70,000.00
SS H WAY - PASAY
CR
60,000.00
ARAGON
RR
16,500.00
ARSONVEL
RR
16,500.00
BATANGAS
RR
16,500.00
BAUTISTA
RR
16,500.00
CR
32,500.00
BELL
RR
16,500.00
BEN HARRISON
RR
16,500.00
BOBROCK
RR
16,500.00
BOLIVIA
RR
16,500.00
BORMEO
RR
16,500.00
APD
CAPT. M. REYES
RR
16,500.00
CR
27,500.00
COPERNICUS
RR
16,500.00
DALTON
RR
16,500.00
DIAN
RR
16,500.00
CR
32,500.00
EINSTEIN
RR
16,500.00
EVANGELISTA
CR
37,500.00
FARADAY
RR
16,500.00
FORD
RR
16,500.00
GALVANI
RR
16,500.00
GRANDEL
RR
16,500.00
GUATEMALA
RR
16,500.00
HAYES
RR
16,500.00
HONDURAS
RR
16,500.00
MARCONI
RR
16,500.00
MORSE
RR
16,500.00
NEWTON
RR
16,500.00
NOBEL
RR
16,500.00
PASTEUR
RR
16,500.00
ROCKEFELLER
RR
16,500.00
SAN ANTONIO
RR
16,500.00
SEN. GIL PUYAT
CR
90,000.00
SOUTH SUPERHIGHWAY
CR
75,000.00
URUGUAY
RR
16,500.00
VANBUREN
RR
16,500.00
VOLTA
RR
16,500.00
ZANZIBAR
RR
16,500.00
APD
ALL OTHER STREETS
RR
16,500.00
CR
32,500.00
ALL CONDOMINIUMS, TOWNHOUSES,
CC
35,000.00
COMMERCIAL & INDUSTRIAL BUILDINGS
RC
35,000.00

Page27

CITY/MUNICIPALITY: MAKATI CIT


D.O. NO.
62-97
CONDOMINIUMS AND TOWNHOUSES
Effectivity Date 13-Jan-98
------------------------------------------------- ---------------------------------- ------------------- ----------------------CONDOMINIUMS
CLASSI5TH REV.
AND TOWNHOUSES
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------- ---------------------------------- ------------------- ----------------------CIANNO PLAZA COND.
M REYES cor MASCARDO
RC
40,000.00
CITYLAND COND.
SSH BANCAL
CC
37,500.00
CITYLAND COND.
DELA ROSA
RC/CC
42,500.00
CITY SQUARE PASONG TAMO
PIO DEL PILAR
RC
27,000.00
CC
31,000.00
FINLANDIA HOUSE
SAN ISIDRO VILL
CC
37,500.00
GALLERIA DE MAGALLANES
MAGALLANES VILLAGE
RC
42,500.00
KING'S COURT COND.
P. TAMO EXT. LEGASPI
CC
52,500.00
MAKATI CINEMA SQUARE
P. TAMO, LEGASPI VILLAG
CC
45,000.00
BANGKAL
RC
42,500.00
BUENDIA/PALANAN
CC
45,000.00
PASONG TAMO TOWER
PIO DEL PILAR
RC
34,000.00
CC
50,000.00
YULO PLAZA
P.TAMO
RC
42,500.00
ALL OTHER CONDOMINIUMS/
TOWNHOUSES
RC/CC
52,500.00
PARKING SLOTS
ONE UNIT
RC/CC
250,000.00
===================== ============== ======== =========

Page28

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.
WHERE IN THE APPROVED SCHEDULE OF ZONAL VALUES FOR A PARTICULAR
BARANGAY a.) NO ZONAL VALUES 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 STRETT/
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/ZONES, THE USE OF WHICH ARE PREDOMINANTLY COMMERCAL SHALL BE
CLASSIFIED AS "COMMERCIAL" FOR PURPOSES OF ZONAL VALUATION.
b.) THE PREDOMINANTLY USE OF OTHER CLASSIFICATION OF PROPERTIES LOCATED
IN A STREET/BARANGAY/ZONES, 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 CERTFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE LAND 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 20% OF THE ESTABLISHED VALUE SHALL BE ADDED THERETO.
4. ARES FOR PRIORITYD EVELOPMENT (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
COMMISSION ON URBAN POOR (PCUP), NATIONAL HOUSING AUTHORITY (NHA),
ETC.
SECOND SALE OF LOT IDENTIFIED AS LOCATED IN THE APD SHALL NO LONGER

Page29

BE VALUED AS AN APD AND SHALL BE TREATED AS AN ORDINARY REAL PROPERTY.

Page30

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 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 THE PROPERTY TO BE USED IN
COMPUTING ESTATE AND DONOR'S TAXES SHALL BE (1) THE FAIR MARKET VALUE
AS DETERMINED BY THE COMMISSIONER OF ITNERNAL 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.
/fpt

Page31

Republic of the Philippines


DEPARTMENT OF FINANCE
Roxas Boulevard Corner Pablo Ocampo, Sr. Street
MANILA 1004

DEPARTMENT ORDER NO. 94-96


June 24, 1996
SUBJECT:

IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES


IN THE CITY OF MAKATI UNDER REVENUE DISTRICT OFFICE NO. 48 (WEST
MAKATI), REVENUE REGION NO. 8 (MAKATI CITY), FOR INTERNAL REVENUE
TAX PURPOSES.
All Internal Revenue Officers and Others Concerned.

Section 6(e) of the Tax Code as amended by Presidential Decreee No. 1994, authorizes the
Commissioner of Internal Revenue to divide the Philippines into different zones or areas and determine
for internal revenue tax purposes, the fair market value of the real properties located in each zone or area
upon consultation with competent appraisers both from private and public sectors.

By virtue of said authority, the Commissioner o f Internal Revenue has determined the zonal
values of real properties (4th revision) located in Makati City under the jurisdiction of Revenue District
Office No. 48 (West Makati), Revenue Region No. 8 (Makati City) after public hearing was conducted on
January 8, 1996 for the purpose. This Order is issued to implement the revised zonal values for land to be
used in computing any internal revenue tax.

In case the gross selling price or the market value as shown in the schedule of values of the
provincial or city assessor is hgiher than the zonal value established herein, such values shall be used as basis f
computing the internal revenue tax.
This Order shall take effect immediately.

(Original Signed)

ROBERTO F. DE OCAMPO
Secretary of Finance
RECOMMENDED BY:
(Original Signed)

LIWAYWAY VINZONS-CHATO
Commissioner of Internal Revenue

Page32

DEFINITION OF TERMS
RESIDENTIAL

LAND/BUILDING PRINCIPALLY DEVOTED TO HABITATION.

COMMERCIAL

LAND/BUILDING DEVOTED PRINCIPALLY TO COMMMERCIAL


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,
DAIRYING, 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.

VICINITY

MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT


ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO
A STREET BEING LOCATED.

CLASSIFICATION LEGEND:
CODE
RR
CR
I
GL
APD

CLASSIFICATION
Residential Regular
Commercial Regular
Industrial
Government Land
Area for Priority Development

CODE
RC
CC
X
GP
A

Page33

CLASSIFICATION
Residential Condominium
Commercial Condominium
Institutional
General Purpose
Agicultural

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
94-96
BARANGAY: BANGKAL
Effectivity Date 24-Dec-96
------------------------------------------------------- ----------------------------- ---------------------- ----------------------CLASSI4TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------------- ----------------------------- ---------------------- ----------------------ALEJANDRINO
EDSA EXTENSION
RR
15,000.00
APOLINARIO
RR
15,000.00
CAPT. M. REYES
RR
15,000.00
CR
20,000.00
EDSA
CR
50,000.00
EVANGELISTA
RR
15,000.00
CR
35,000.00
GEN. A. BELARMINO
RR
15,000.00
GEN. A. BONIFACIO
RR
15,000.00
GEN. A. LIM
RR
15,000.00
GEN. A. LUNA
RR
15,000.00
GEN. CAILLES
RR
15,000.00
CR
20,000.00
GEN. DEL PILAR
RR
15,000.00
GEN. E. MACABULOS
RR
15,000.00
GEN. G. DEL PILAR
RR
15,000.00
GEN. J. LACUNA
RR
15,000.00
GEN. N. CAPINPIN
RR
15,000.00
GEN. M. HIZON
RR
15,000.00
GEN. M. TINIO
RR
15,000.00
GEN. MALVAR
RR
15,000.00
GEN. MASCARDO
RR
15,000.00
GEN. O MOJICA
RR
15,000.00
GEN. P. GARCIA
RR
15,000.00
GEN. S. ESTRELLA
RR
15,000.00
GEN. U. LUKBAN
RR
15,000.00
NATIVIDAD
RR
15,000.00
PAREDES AVENUE
RR
15,000.00
CR
20,000.00
RODRIGUEZ
RR
15,000.00
SANTOS
RR
15,000.00
SOUTH SUPERHIGHWAY
CR
50,000.00
ZAMORA
RR
15,000.00
ALL OTHER STREETS
RR
15,000.00
CR
20,000.00
ALL CONDOMINIUMS, TOWNHOUSES,
RC
35,000.00
COMMERCIQAL & INDUSTRIAL BUILDINGS
CC
50,000.00

Page34

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
94-96
BARANGAY: MAGALLANES VILLAGE
Effectivity Date 24-Dec-96
------------------------------------------------------- ----------------------------- ---------------------- ----------------------CLASSI4TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------------- ----------------------------- ---------------------- ----------------------BEGONIA
RR
20,000.00
ENCARNACION
RR
20,000.00
HOMONHON
RR
20,000.00
HUMABON
RR
20,000.00
LAPU-LAPU AVENUE
RR
20,000.00
LIMASAWA
RR
20,000.00
MACTAN
RR
20,000.00
MAGALLANES AVENUE
RR
20,000.00
MAGALLANES CIRCLE
RR
20,000.00
MAGDALENA AVENUE
RR
20,000.00
MARGARITA
RR
20,000.00
PASONG TAMO
CR
60,000.00
ROSARIO
RR
20,000.00
SAN ANTONIO
RR
20,000.00
SAN CARLOS
RR
20,000.00
SAN FELIPE
RR
20,000.00
SAN GERONIMO
RR
20,000.00
SAN GREGORIO
RR
20,000.00
SAN MARTIN
RR
20,000.00
SAN PABLO
RR
20,000.00
SOCORRO
RR
20,000.00
STA. ANA
RR
20,000.00
STA. ROSA
RR
20,000.00
TRINIDAD
RR
20,000.00
VICTORIA
RR
20,000.00
ALL OTHER STREETS
RR
20,000.00
CR
40,000.00
MAGALLANES COMM'L CENTER
SOUTH SUPERHIGHWA
CC
40,000.00
GALLERIA DE MAGALLANES
SOUTH SUPERHI-WAY
RC
40,000.00
ALL OTHER CONDOMINIUMS, TOWNHHOUSES.
RC
40,000.00
COMMERCIAL & INDUSTRIAL BUILDINGS
CC
60,000.00

Page35

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
94-96
BARANGAY: PALANAN
Effectivity Date 24-Dec-96
------------------------------------------------------- ----------------------------- ---------------------- ----------------------CLASSI4TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------------- ----------------------------- ---------------------- ----------------------AMPERE
RR
13,000.00
ARARO
RR
13,000.00
ARELLANO AVENUE
RR
13,000.00
BATANGAS
RR
13,000.00
BAUTISTA
RR
13,000.00
BERMEO
RR
13,000.00
BIGASAN
RR
13,000.00
BOYLE
RR
13,000.00
CALATAGAN
RR
13,000.00
CAMALIG
RR
13,000.00
CASINO
RR
13,000.00
CUENCA
RR
13,000.00
CURRIE ST.
RR
13,000.00
DAYAP
RR
13,000.00
DIAN
RR
13,000.00
DIESEL
RR
13,000.00
DURANGO
RR
13,000.00
EMILIA
RR
13,000.00
ENRIQUE
RR
13,000.00
ENTHOVEN
RR
13,000.00
FAHRENHEIT
RR
13,000.00
FILMORE
RR
13,000.00
FILMORE BUENDIA
CR
30,000.00
FLORIDA
RR
13,000.00
GUERNICA
RR
13,000.00
CR
21,000.00
HILARIO
RR
13,000.00
IBARRA
RR
13,000.00
JAVA
RR
13,000.00
LAREDO
RR
13,000.00
MADRAS
RR
13,000.00
MAKILING
RR
13,000.00
MARCONI
RR
13,000.00
MATANZAS
RR
13,000.00
NEGROS
RR
13,000.00
OLIVARES
RR
13,000.00
PUERTO RICO
RR
13,000.00
APD
QUIRINAL
RR
13,000.00
APD
SEN. GIL PUYAT
CR
60,000.00
ALL OTHER STREETS
CR
25,000.00
RR
13,000.00
ALL CONDOMINIUMS, TOWNHOUSES,
RC
30,000.00
COMMERCIAL & INDUSTRIAL BUILDINGS
CC
60,000.00

Page36

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
94-96
BARANGAY: ARNAIZ (PIO DEL PILAR) NORTH
Effectivity Date 24-Dec-96
------------------------------------------------------- ----------------------------- ---------------------- ----------------------CLASSI4TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------------- ----------------------------- ---------------------- ----------------------ANTONIO
RR
13,000.00
BERMEO
RR
13,000.00
CUENCA
RR
13,000.00
DAYAP
RR
13,000.00
DELA ROSA
CR
50,000.00
E. JACINTO
RR
13,000.00
E. RAMOS
RR
13,000.00
FACUNDO
RR
13,000.00
HERNANDO
RR
13,000.00
HOOVER
RR
13,000.00
J. VICTOR
RR
13,000.00
JAVIER
CR
25,000.00
M. OCAMPO
RR
13,000.00
MCKINLEY
RR
13,000.00
MEDINA
RR
13,000.00
PASONG TAMO
CR
60,000.00
ARNAIZ ST (PIO DEL PILAR)
CR
60,000.00
RR
13,000.00
ROOSEVELT
RR
13,000.00
SANTILLAN
RR
13,000.00
SEN. GIL PUYAT
CR
60,000.00
TINDALO (URBAN AVE.)
CR
40,000.00
URBAN AVENUE
CR
60,000.00
VILLAR
RR
13,000.00
WASHINGTON
RR
13,000.00
WILSON
RR
13,000.00
ALL OTHER STREETS
RR
13,000.00
CR
25,000.00
CITY LAND CONDOINIUM VIII
SEN GIL PUYAT
CC
40,000.00
ALL OTHER CONDOMINIUMS
ALONG G PUYAT
CC/RC
40,000.00
ALL OTHER CONDOMINIUMS
ALONG DELA ROSA
CC/RC
40,000.00

Page37

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
94-96
BARANGAY: ARNAIZ (PIO DEL PILAR) SOUTH
Effectivity Date 24-Dec-96
------------------------------------------------------- ----------------------------- ---------------------- ----------------------CLASSI4TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------------- ----------------------------- ---------------------- ----------------------ARGUELLES
RR
13,000.00
BATANGAS
RR
13,000.00
CAPT. APOLINARIO
RR
13,000.00
CAPT. M. REYES
RR
13,000.00
CR
25,000.00
CUANGCO
RR
13,000.00
DALLAS
RR
13,000.00
MERRY CALON
RR
13,000.00
PAREDES AVENUE
RR
13,000.00
VALDERAMA
RR
13,000.00

Page38

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
94-96
BARANGAY: SAN ISIDRO
Effectivity Date 24-Dec-96
------------------------------------------------------- ----------------------------- ---------------------- ----------------------CLASSI4TH REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------------- ----------------------------- ---------------------- ----------------------ARNAIZ ST (PIO DEL PILAR)
CR
50,000.00
ARAGON
RR
15,000.00
ARSONVEL
RR
15,000.00
BATANGAS
RR
15,000.00
BAUTISTA
RR
15,000.00
CR
30,000.00
BELL
RR
15,000.00
BEN HARRISON
RR
15,000.00
BOBROCK
RR
15,000.00
BOLIVIA
RR
15,000.00
BORMEO
RR
15,000.00
CAPT. M. REYES
RR
15,000.00
CR
25,000.00
COPERNICUS
RR
15,000.00
DALTON
RR
15,000.00
DIAN
RR
15,000.00
EINSTEIN
RR
15,000.00
EDISON
RR
15,000.00
CR
30,000.00
EVANGELISTA
CR
35,000.00
FARADAY
RR
15,000.00
FINLANDIA
RR
15,000.00
CR
30,000.00
FORD
RR
15,000.00
GALVANI
RR
15,000.00
GRANDEL
RR
15,000.00
GUATEMALA
RR
15,000.00
HAYES
RR
15,000.00
HONDURAS
RR
15,000.00
MARCONI
RR
15,000.00
MORSE
RR
15,000.00
NEWTON
RR
15,000.00
NOBEL
RR
15,000.00
PASTEUR
RR
15,000.00
ROCKEFELLER
RR
15,000.00
SAN ANTONIO
RR
15,000.00
SEN. GIL PUYAT
CR
60,000.00
SOUTH SUPERHIGHWAY
CR
50,000.00
URUGUAY
RR
15,000.00
VANBUREN
RR
15,000.00
VOLTA
RR
15,000.00
ZANZIBAR
RR
15,000.00
ALL OTHER STREETS
RR
15,000.00
CR
30,000.00
ALL CONDOMINIUMS, TOWNHOUSES,
CC/RC
30,000.00
COMMERCIAL & INDUSTRIAL BUILDINGS

Page39

RDO NO. 48-WEST, MAKATI CITY


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
94-96
CONDOMINIUMS AND TOWNHOUSES
Effectivity Date 24-Dec-96
------------------------------------------------------- ----------------------------- ---------------------- ----------------------CONDOMINIUMS
CLASSI4TH REV.
AND TOWNHOUSES
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------------------- ----------------------------- ---------------------- ----------------------CIANNO PLAZA COND.
M REYES cor MASCAR
RC
40,000.00
CITYLAND COND.
SSH BANCAL
CC
35,000.00
DELA ROSA CONDO
DELA ROSA
RC
35,000.00
FINLANDIA HOUSE
SAN ISIDRO VILL
CC
35,000.00
GALLERIA DE MAGALLANES
MAGALLANES VILLAGE
RC
40,000.00
KING'S COURT COND.
P. TAMO EXT. LEGASPI
CC
50,000.00
MAGALLANES COMM'L. CTR.
MAGALLANES VILLAGE
CC
40,000.00
MAKATI CINEMA SQUARE
P. TAMO, LEGASPI VIL
CC
40,000.00
SAYOC BLDG.
CC
40,000.00
======================== ============ ========= ==========

Page40

RDO NO. 48-WEST, MAKATI CITY


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 APPROVE ZONAL VALUE OF A SIMILARLY SITUATED PROPERTY IN AN ADJACENT
BARANGAY OF SIMILAR CONDITIONS SHALL BEUSED.
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 CONDOMINIUMM CERTIFICATE OF TITLE. HOWEVER,
IF THE TITLE IS A TCT OR TRANSFER CERTIFICATE OF TITLE, LAND IMPROVMENTS 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 DEVELOPMENTCERTIFIED 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, E.G.
PRESIDENTIAL COMMISSION ON URBAN POOR (PCUP), NATIONAL HOUSING AUTHORITY (NHA), ETC.
7. ZONAL VALUE OR FMV ESTABLISHED IN THE SCHEDULE OF VALUES OF ASSESSORS.

Page41

RDO NO. 48-WEST, MAKATI CITY


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 TAXES AT THE RATE OF 5% BASED ON THE GROSS SELLING
PRICE, IF THE CONSIDERATION IS HIGHER THAN THE ZONAL VALUES FIVEN 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.
/fpt

Page42

Republic of the Philippines


DEPARTMENT OF FINANCE
Roxas Boulevard Corner Pablo Ocampo, Sr. Street
MANILA 1004

DEPARTMENT ORDER NO. 142-95


AUGUST 7, 1995
SUBJECT

IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES


IN THE CITY OF MAKATI UNDER REVENUE DISTRICT OFFICE NO. 48 (WEST
MAKATI), REVENUE REGION NO. 8 (MAKATI) FOR INTERNAL REVENUE TAX
PURPOSES.
: All Internal Revenue Officers and Others Concerned.

Section 6(e) of the Tax code as amended by Presidential Decree No. 1994, authorizes
the Commissioner of Internal Revenue to divide the Philippines into different zones or areas and
determine for internal revenue tax purposes, the fair market value of the real properties located in each
zone or area upon consultation with competent appraisers both from private and public sectors.
By virtue of said authority, the Commissioner of Internal Revenue has determined the
zonal values of realproperties (3rd revision) located in City of Makati under the jurisdiction of Revenue
District Office No. 48 (West Makati), Rev enue Region No. 8-Makati City after public hearing was conducted
on March 10, 1995 for the purpose. This Order is issued to implement the revised zonal values for land
to be used in computing any internal revenue tax.
In case the gross selling price or the market value as shown in the schedule of values of
the provincial or city assessor is higher than the zonal value established herein, such values shall be
used as basis for computing the internal revenue tax.
This Order shall take effect immediately.

(Original Signed)

ROBERTO F. DE OCAMPO
Secretary of Finance
RECOMMENDED BY:
(Original Signed)

LIWAYWAY VINZONS-CHATO
Commissioner of Internal Revenue

Page43

DEFINITION OF TERMS
RESIDENTIAL

LAND/BUILDING PRINCIPALLY DEVOTED TO HABITATION.

COMMERCIAL

LAND/BUILDING DEVOTED PRINCIPALLY TO COMMMERCIAL


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,
DAIRYING, 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.

VICINITY

MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT


ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A
STREET BEING LOCATED.

CLASSIFICATION LEGEND:
CODE
RR
CR
RC
CC
APD

CLASSIFICATION
Residential Regular
Commercial Regular
Residential Condominium
Commercial Condominium
Area for Priority Development

Page44

CODE
I
X
A
GL
GP

CLASSIFICATION
Industrial
Institutional
Agricultural
Government Land
General Purpose

RDO NO.48

WEST MAKATI

CITY/MUNICIPALITY: MAKATI
142-95
D.O. NO.
BARANGAY: BANGKAL
Effectivity Date 15-Dec-95
------------------------------------------- ------------------------------------ -------------------- -------------------CLASSI3RD REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------- ------------------------------------ -------------------- -------------------ALEJANDRINO
EDSA EXTENSION
RR
7,250.00
APOLINARIO
RR
7,250.00
CAPT. M. REYES
RR
7,250.00
CR
8,250.00
EDSA
CR
25,000.00
EVANGELISTA
RR
7,250.00
CR
11,500.00
GEN. A. BELARMINO
RR
7,250.00
GEN. A. BONIFACIO
RR
7,250.00
GEN. A. LIM
RR
7,250.00
GEN. A. LUNA
RR
7,250.00
GEN. CAILLES
RR
7,250.00
CR
8,250.00
GEN. DEL PILAR
RR
7,250.00
GEN. E. MACABULOS
RR
7,250.00
GEN. G. DEL PILAR
RR
7,250.00
GEN. J. LACUNA
RR
7,250.00
GEN. N. CAPINPIN
RR
7,250.00
GEN. M. HIZON
RR
7,250.00
GEN. M. TINIO
RR
7,250.00
GEN. MALVAR
RR
7,250.00
GEN. MASCARDO
RR
7,250.00
GEN. O MOJICA
RR
7,250.00
GEN. P. GARCIA
RR
7,250.00
GEN. S. ESTRELLA
RR
7,250.00
GEN. U. LUKBAN
RR
7,250.00
NATIVIDAD
RR
7,250.00
PAREDES AVENUE
RR
7,250.00
CR
8,250.00
RODRIGUEZ
RR
7,250.00
SANTOS
RR
7,250.00
SOUTH SUPERHIGHWAY
CR
20,000.00
ZAMORA
RR
7,250.00
ALL CONDOMINIUMS
CC/RC
22,500.00

Page45

RDO NO.48

WEST MAKATI

CITY/MUNICIPALITY: MAKATI
142-95
D.O. NO.
BARANGAY: MAGALLANES VILLAGE
Effectivity Date 15-Dec-95
------------------------------------------- ------------------------------------ -------------------- -------------------CLASSI3RD REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------- ------------------------------------ -------------------- -------------------BEGONIA
RR
12,000.00
ENCARNACION
RR
12,000.00
HOMONHON
RR
12,000.00
HUMABON
RR
12,000.00
LAPU-LAPU AVENUE
RR
12,000.00
LIMASAWA
RR
12,000.00
MACTAN
RR
12,000.00
MAGALLANES AVENUE
RR
12,000.00
MAGALLANES CIRCLE
RR
12,000.00
MAGDALENA AVENUE
RR
12,000.00
MARGARITA
RR
12,000.00
PASONG TAMO
CR
22,500.00
ROSARIO
RR
12,000.00
SAN ANTONIO
RR
12,000.00
SAN CARLOS
RR
12,000.00
SAN FELIPE
RR
12,000.00
SAN GERONIMO
RR
12,000.00
SAN GREGORIO
RR
12,000.00
SAN MARTIN
RR
12,000.00
SAN PABLO
RR
12,000.00
SOCORRO
RR
12,000.00
STA. ANA
RR
12,000.00
STA. ROSA
RR
12,000.00
TRINIDAD
RR
12,000.00
VICTORIA
RR
12,000.00
MAGALLANES COMM'L. CENTERSOUTH SUPERHI-WAY
CC
30,000.00
GALLERIA DE MAGALLANES
SOUTH SUPERHI-WAY
RC
25,000.00
ALL OTHER CONDOMINIUMS
CC/RC
25,000.00

Page46

RDO NO.48

WEST MAKATI

CITY/MUNICIPALITY: MAKATI
142-95
D.O. NO.
BARANGAY: PALANAN
Effectivity Date 15-Dec-95
------------------------------------------- ------------------------------------ -------------------- -------------------CLASSI3RD REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------- ------------------------------------ -------------------- -------------------AMPERE
RR
6,750.00
ARARO
RR
6,750.00
ARELLANO AVENUE
RR
6,750.00
BATANGAS
RR
6,750.00
BAUTISTA
RR
6,750.00
BERMEO
RR
6,750.00
BIGASAN
RR
6,750.00
BOYLE
RR
6,750.00
CALATAGAN
RR
6,750.00
CAMALIG
RR
6,750.00
CASINO
RR
6,750.00
CUENCA
RR
6,750.00
CURRIE ST.
RR
6,750.00
DAYAP
RR
6,750.00
DIAN
RR
6,750.00
DIESEL
RR
6,750.00
DURANGO
RR
6,750.00
EMILIA
RR
6,750.00
ENRIQUE
RR
6,750.00
ENTHOVEN
RR
6,750.00
FAHRENHEIT
RR
6,750.00
FILMORE
RR
6,750.00
FILMORE BUENDIA
CR
12,500.00
FLORIDA
RR
6,750.00
GUERNICA
RR
6,750.00
HILARIO
RR
6,750.00
IBARRA
RR
6,750.00
JAVA
RR
6,750.00
LAREDO
RR
6,750.00
MADRAS
RR
6,750.00
MAKILING
RR
6,750.00
MARCONI
RR
6,750.00
MATANZAS
RR
6,750.00
NEGROS
RR
6,750.00
OLIVARES
RR
6,750.00
PUERTO RICO
RR
6,750.00
APD
QUIRINAL
RR
6,750.00
APD
SEN. GIL PUYAT
CR
25,000.00
ALL CONDOMINIUMS
CC/RC
25,000.00
ALL OTHER STREETS
CR
12,500.00
*APD: N - Arellano Streets

S - Casino Street

Page47

RDO NO.48
E - Olivares Street

WEST MAKATI
W-Bautista Street

Page48

RDO NO.48

WEST MAKATI

CITY/MUNICIPALITY: MAKATI
142-95
D.O. NO.
BARANGAY: ARNAIZ (PIO DEL PILAR) NORTH
Effectivity Date 15-Dec-95
------------------------------------------- ------------------------------------ -------------------- -------------------CLASSI3RD REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------- ------------------------------------ -------------------- -------------------ANTONIO
RR
6,750.00
BERMEO
RR
6,750.00
CUENCA
RR
6,750.00
DAYAP
RR
6,750.00
DELA ROSA
CR
25,000.00
E. JACINTO
RR
6,750.00
E. RAMOS
RR
6,750.00
FACUNDO
RR
6,750.00
HERNANDO
RR
6,750.00
HOOVER
RR
6,750.00
J. VICTOR
RR
6,750.00
JAVIER
CR
12,500.00
M. OCAMPO
RR
6,750.00
MCKINLEY
RR
6,750.00
MEDINA
RR
6,750.00
PASONG TAMO
CR
25,000.00
ARNAIZ ST (PIO DEL PILAR)
CR
25,000.00
RR
6,750.00
ROOSEVELT
RR
6,750.00
SANTILLAN
RR
6,750.00
SEN. GIL PUYAT
CR
25,000.00
TINDALO
CR
25,000.00
VILLAR
RR
6,750.00
WASHINGTON
RR
6,750.00
WILSON
RR
6,750.00
CITY LAND CONDO
SEN GIL PUYAT
CC
30,000.00
ALL CONDOMINIUM
ALONG G PUYAT
CC/RC
30,000.00
ALL OTHER CONDOMINIUMS
ALONG DELA ORSA
CC/RC
25,000.00

Page49

RDO NO.48

WEST MAKATI

CITY/MUNICIPALITY: MAKATI
142-95
D.O. NO.
BARANGAY: ARNAIZ (PIO DEL PILAR) SOUTH
Effectivity Date 15-Dec-95
------------------------------------------- ------------------------------------ -------------------- -------------------CLASSI3RD REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------- ------------------------------------ -------------------- -------------------ARGUELLES
RR
6,750.00
BATANGAS
RR
6,750.00
CAPT. APOLINARIO
RR
6,750.00
CAPT. M. REYES
RR
6,750.00
CR
12,500.00
CUANGCO
RR
6,750.00
DALLAS
RR
6,750.00
MERRY CALON
RR
6,750.00
PAREDES AVENUE
RR
6,750.00
VALDERAMA
RR
6,750.00

Page50

RDO NO.48

WEST MAKATI

CITY/MUNICIPALITY: MAKATI
142-95
D.O. NO.
BARANGAY: SAN ISIDRO
Effectivity Date 15-Dec-95
------------------------------------------- ------------------------------------ -------------------- -------------------CLASSI3RD REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------- ------------------------------------ -------------------- -------------------ARNAIZ ST (PIO DEL PILAR)
P. TAMO - SS H WAY
CR
12,500.00
ARAGON
RR
7,250.00
ARSONVEL
RR
7,250.00
BATANGAS
RR
7,250.00
BELL
RR
7,250.00
BEN HARRISON
RR
7,250.00
BOBROCK
RR
7,250.00
BOLIVIA
RR
7,250.00
BORMEO
RR
7,250.00
APD
CAPT. M. REYES
RR
7,250.00
CR
10,000.00
COPERNICUS
RR
7,250.00
DALTON
RR
7,250.00
DIAN
RR
7,250.00
EINSTEINO
RR
7,250.00
EVANGELISTA
CR
7,250.00
FARADAY
RR
7,250.00
FORD
RR
7,250.00
GALVANI
RR
7,250.00
GRANDEL
RR
7,250.00
GUATEMALA
RR
7,250.00
HAYES
RR
7,250.00
HONDURAS
RR
7,250.00
MARCONI
RR
7,250.00
MORSE
RR
7,250.00
NEWTON
RR
7,250.00
NOBEL
RR
7,250.00
PASTEUR
RR
7,250.00
ROCKEFELLER
RR
7,250.00
SAN ANTONIO
RR
7,250.00
SEN. GIL PUYAT
CR
25,000.00
SOUTH SUPERHIGHWAY
CR
25,000.00
URUGUAY
RR
7,250.00
VANBUREN
RR
7,250.00
VOLTA
RR
7,250.00
ZANZIBAR
APD
FINLANDIA HOUSE
CC
20,000.00
ALL CONDOMINIUMS
CC/RC
20,000.00
*APD
N =URUGUAY STREET
E =ARTHUR STREET-BUANGUINIO THRU HONDURAS
S =HARRISON STREET

Page51

RDO NO.48

WEST MAKATI

W =BATANGAS STREET

Page52

RDO NO.48

WEST MAKATI

CITY/MUNICIPALITY: MAKATI
142-95
D.O. NO.
CONDOMINIUMS AND TOWNHOUSES
Effectivity Date 15-Dec-95
------------------------------------------- ------------------------------------ -------------------- -------------------CONDOMINIUMS
CLASSI3RD REV.
AND TOWNHOUSES
VICINITY
FICATION
ZV/SQ.M.
------------------------------------------- ------------------------------------ -------------------- -------------------CIANNO PLAZA COND.
M REYES cor MASCARDO
RC
25,000.00
CITYLAND COND. V
SSH BANCAL
CC
22,500.00
CITYLAND CONDO VIII
SSH BANCAL
CC
30,000.00
DELA ROSA CONDO
DELA ROSA
RC
25,000.00
FINLANDIA HOUSE
SAN ISIDRO VILL
CC
20,000.00
GALLERIA DE MAGALLANES
MAGALLANES VILLAGE
RC
25,000.00
KING'S COURT COND.
P. TAMO EXT. LEGASPI
CC
35,000.00
MAGALLANES COMMERCIAL CE MAGALLANES VILLAGE
CC
30,000.00
MAKATI CINEMA SQUARE
P. TAMO, LEGASPI VILLAGE
CC
25,000.00
YULO PLAZA TOWNHOUSE
P.TAMO DASMA. VILL.
CC
25,000.00
SAYOC BLDG.
BUENDIA/PALANAN
CC
25,000.00
================== =============== ======== ========

Page53

RDO NO.48

WEST MAKATI
CERTAIN GUIDELINES IN THE IMPLEMENTATION
OF ZONAL VALUATION OF REAL PROPERTIES
RDO No. 48 - WEST MAKATI

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 APPROVE ZONAL VALUE OF A SIMILARLY SITUATED PROPERTY IN AN ADJACENT
BARANGAY OF SIMILAR CONDITIONS SHALL BEUSED.
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 A
"COMMERCIAL", FOR PURPOSES OF ZONAL VALUATION.
5. VALUES OF CONDOMINIUM AND TOWNHOUSES.

IN DETERMINING OR ARRIVING
AT THE ZONAL VALUES FOR CONDOMINIUMS AN
TOWNHOUSES, THE VALUE OF THE LAND AS WELL AS THE VALUE OF THE BUILDING SHALL B
TREATED AS ONE, IF THE TITLE IS A CCT OR CONDOMINIUMM CERTIFICATE OF TITLE. HOWEVER,
IF THE TITLE IS A TCT OR TRANSFER CERTIFICATE OF TITLE, LAND IMPROVMENTS 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 DEVELOPMENTCERTIFIED TO AS SUCH


BY THE HOUSING AND LAND USE REGULATORY BOARD (HLURB). IF IT IS UTILIZED FOR SOCIA
HOUSING, IT SHALL BE CERTIFIED TO AS SUCH BY THE PROPER GOVERNMENT AGENCY, E.G
PRESIDENTIAL COMMISSION ON URBAN POOR (PCUP), NATIONAL HOUSING AUTHORITY (NHA), ET

Page54

RDO NO.48

WEST MAKATI

7. ZONAL VALUE OR FMV ESTABLISHED IN THE SCHEDULE OF VALUES OF ASSESSORS.

THE ZONAL VALUES ESTABLISHED HEREIN SHALL APPLY IN COMPUTING ALL INTERNAL REVENU
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 TAXES AT THE RATE OF 5% BASED ON THE GROSS SELLING
PRICE, IF THE CONSIDERATION IS HIGHER THAN THE ZONAL VALUES FIVEN 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.

/fpt

Page55

OF REAL PROPERTIES
OFFICE NO. 48 (WEST
TERNAL REVENUE TAX

ecree No. 1994, authorizes


fferent zones or areas and
properties located in each

Revenue has determined the


r the jurisdiction of Revenue
public hearing was conducted
revised zonal values for land

in the schedule of values of


herein, such values shall be

Page56

TO COMMMERCIAL
BJECT OF PROFIT.

CROP SUCH AS RICE,


OR TO PASTURING,
MAKING, AND OTHER
RLAND AND FOREST

DEVELOPED AREA

AL, INSTITUTIONAL,

HOOD OR DISTRICT
R CONTIGUOUS TO A

Page57

Page58

Page59

Page60

Page61

Page62

Page63

Page64

Page65

Page66

S CLASSIFICATIONS OF REAL
LASSIFICATION, THE ZONAL
CATED IN THE ADJACENT

SITION OF LAND HAS BEEN


PROPERTY IN AN ADJACENT

WO (2) OR MORE BARANGAYS,


ALL BE USED FOR THE NEWLY

TED IN A STREET/BARANGAY/
" SHALL BE CONSIDERED AS

FOR CONDOMINIUMS AND


OF THE BUILDING SHALL BE
FICATE OF TITLE. HOWEVER,
PROVMENTS SHALL BE GIVEN

D AS COMMERCIAL, AND 20%

PMENTCERTIFIED TO AS SUCH
IF IT IS UTILIZED FOR SOCIAL
GOVERNMENT AGENCY, E.G.
OUSING AUTHORITY (NHA), ETC.

Page67

UTING ALL INTERNAL REVENUE


S, EXCHANGES, OR OTHER
INCLUDING "PACTO DE RETRO
SED ON THE GROSS SELLING
FIVEN HEREIN ESTABLISHED.

E USED IN COMPUTING ALL


LUE AS DETERMINED BY THE
THE FAIR MARKET VALUE AS
ASSESSORS, WHICHEVER IS

Page68

REPUBLIC OF THE PHILIIPINES


DEPARTMENT OF FINANCE
MANILA

DEPARTMENT ORDER NO. 135-91


June 25, 1991

SUBJECT:

IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN EAST MAKATI


(RDO#32) AND WEST MAKATI (RD#32A) UNDER REVENUE REGION 4B-2, MAKATI, METRO
MANILA FOR INTERNAL REVENUE TAX PURPOSES.

TO

ALL INTERNAL REVENUE OFFICERS AND OTHERS CONCERNED.


SECTION 16(E) OF THE TAX CODE AS AMENDED BY PRESIDENTIAL DECREE NO. 1994, AUTHORIZES

THE COMMISSIONER OF INTERNAL REVENUE TO DIVIDE THE PHILIPPINES INTO DIFFERENT ZONES OR AREAS
AND DETERMINE FOR INTERNAL REVENUE TAX PURPOSES, THE FAIR MARKET VALUE OF THE REAL PROPERTIES
LOCATED IN EACH ZONE OR AREA UPON CONSULTATION WITH COMPETENT APPRAISERS.
BY VIRTUE OF SAID AUTHORITY, THE COMMISISIONER OF INTERNAL REVENUE HAS DETERMINED THE
ZONAL VALUES OF REAL PROPERTIES LOCATED IN THE MUNICIPALITY OF MAKATI UNDER THE JURISDICTION
OF REVENUE DISTRICT OFFICE NOS. 32 (EAST MAKATI) AND 32A(WEST MAKATI), REVENUE REGION NO. 4B-2,
MAKATI, METRO MANILA, AFTER A PUBLIC HEARING WAS CONDUCTED ON NOVEMBER 12, 1990 FOR THE
PURPOSE. THIS ORDER IS ISSUED TO IMPLEMENT ZONAL VALUES FOR LAND AND IMPROVEMENTS IN THE CASE
OF CONDOMINIUMS/TOWNHOUSES, COMMERCIAL AND INDUTRIAL BUILDING AS SHOWN IN ANNEX "A" HEREOF
TO BE USED AS BASIS FOR COMPUTING THE INTERNAL REVENUE TAX.
IN CASE THE GROSS SELLING PRICE OR THE MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES
OF THE PROVINCIAL OR CITY ASSESSOR IS HIGHER THAN THE ZONAL VALUE

ESTABLISHED HEREIN, SUCH

VALUES SHALL BE USED AS BASIS FOR COMPUTING THE INTERNAL REVENUE TAX.
THIS ORDER SHALL TAKE EFFECT IMMEDIATELY.

(SIGNED)
JESUS P. ESTANISLAO
Secretary of Finance
RECOMMENDED BY:
(SIGNED)
JOSE U. ONG
Commissioner of Internal Revenue

DEFINITION OF TERMS
RESIDENTIAL

LAND/BUILDING DEVOTED TO HABITATION.

COMMERCIAL

LAND/BUILDING DEVOTED PRINCIPALLY TO COMMMERCIAL


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,
DAIRYING, INLAND FISHING, SALT-MAKING AND OTHER AGRICULTURAL
USES INCLUDING TIMBERLAND AND FOREST LAND.

GENERAL PURPOSE

RAWLAND, UNDEVELOPED AND UNDERDEVELOPED AREA

Page69

WHICH HAS POTENTIAL FOR DEVELOPMENT INTO


RESIDENTIAL, COMMERCIAL, INDUSTRIAL, INSTITUTIONAL,
ETC.

VICINITY

MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT


ABOUT NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A
STREET BEING LOCATED.

CLASSIFICATION LEGEND:
CODE

CLASSIFICATION

CODE

CLASSIFICATION

RR
RC
CR
CC
A

Residential Regular
Residential Condominium
Commercial Regular
Commercial Condominium
Agricultural

I
X
GL
GP
APD

Industrial
Institutional
Governmenrt Land
General Purpose
Area for Priority
Development

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: BANGKAL
Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------ALEJANDRINO
RR
6,000.00
APOLINARIO
RR
6,000.00
CAPT. M. REYES
RR
6,000.00
CAPT. M. REYES
CR
6,500.00
EDSA
CR
20,000.00
EVANGELISTA
RR
6,000.00
GEN. A. BELARMINO
RR
6,000.00
GEN. A. BONIFACIO
RR
6,000.00
GEN. A. LIM
RR
6,000.00
GEN. A. LUNA
RR
6,000.00
GEN. CAILLES
RR
6,000.00
GEN. CAILLES
CR
6,500.00
GEN. DEL PILAR
RR
6,000.00
GEN. E. MACABULOS
RR
6,000.00
GEN. G. DEL PILAR
RR
6,000.00
GEN. J. LACUNA
RR
6,000.00
GEN. N. CAPINPIN
RR
6,000.00
GEN. M. HIZON
RR
6,000.00
GEN. M. TINIO
RR
6,000.00
GEN. MALVAR
RR
6,000.00
GEN. MASCARDO
RR
6,000.00
GEN. O MOJICA
RR
6,000.00
GEN. P. GARCIA
RR
6,000.00
GEN. S. ESTRELLA
RR
6,000.00
GEN. U. LUKBAN
RR
6,000.00
NATIVIDAD
RR
6,000.00
PAREDES AVENUE
RR
6,000.00
PAREDES AVENUE
CR
6,500.00
RODRIGUEZ
RR
6,000.00
SANTOS
RR
6,000.00
SOUTH SUPERHIGHWAY
CR
15,000.00
ZAMORA
RR
6,000.00
ALL CONDOMINIUMS, TOWNHOUSES,
COMMERCIAL & INDUSTRIAL BLDGS
CC/RC
20,000.00

Page70

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: DASMARINAS VILLAGE


Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------AMORSOLO
RR
13,000.00
CABALLERO
RR
13,000.00
CALUMPANG
RR
13,000.00
CAMPANILLA
RR
13,000.00
CARISSA
RR
13,000.00
CYPRESS
RR
13,000.00
DASMARINAS AVENUE
RR
13,000.00
GLADIOLA
RR
13,000.00
GLORIOSA
RR
13,000.00
GRANADA
RR
13,000.00
KALACHUCHI
RR
13,000.00
KALAMANSI
RR
13,000.00
KALUMBANG
RR
13,000.00
KAMIAS
RR
13,000.00
KASOY
RR
13,000.00
MABOLO
RR
13,000.00
MACOPA
RR
13,000.00
MAGNOLIA
RR
13,000.00
MAHOGANY ROAD
RR
13,000.00
MILFLORES
RR
13,000.00
PALM AVENUE
RR
13,000.00
PALOMARIA
RR
13,000.00
PARAISO
RR
13,000.00
PARAISO AVENUE
RR
13,000.00
PASONG TAMO EXTENSION
CR
20,000.00
POMELO
RR
13,000.00
SAGU
RR
13,000.00
SAMPAGUITA
RR
13,000.00
SANTAN
RR
13,000.00
SINEGUELAS
RR
13,000.00
TAMARIND
RR
13,000.00
YULO PLAZA TOWNHOUSE
PASONG TAMO
CC
20,000.00

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: LEGASPI VILLAGE


Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------ABELARDO
CR
25,000.00
ADELANTADO
CR
25,000.00
AGUIRRE
CR
25,000.00
ALVARADO
CR
25,000.00
AMORSOLO
CR
25,000.00

Page71

AYALA AVENUE
BENAVIDEZ
BOLANOS
CASTRO
DE LA ROSA
ESPERANZA
ESTEBAN
GALLARDO
GAMBOA
GIL
HERRERA
JIMENEZ
LEGASPI
NIEVA
ORMAZA
PASEO DE ROXAS
PASONG TAMO
PEREA
RADA
RODRIGUEZ
SALCEDO
SORIA
SOTTO
AMORSOLO CONDOMINIUM
ALEXANDRE HOUSE CONDOMINIUM
CACHO GONZALES CONDOMINIUM
CATTLEYA CONDODIMINIUM
CENTRUM CONDOMINIUM
CITYLAND CONDOMINIUM
CONCORDE CONDOMINIUM
CRISTINA CONDOMINIUM
CYPRESS CONDOMINIUM
EUROVILLA CONDOMINIUM
EPM TOURS CONDOMINIUM
FEDMAN SUITE CONDOMINIUM
FIRST MIDLAND

AMORSOLO STREET
AMORSOLO STREET
AGUIRRE STREET
SALCEDO STREET
SALCEDO STREET
HERRERA STREET
SALCEDO STREET
HERRERA STREET
HERRERA STREET
HERRERA STREET
SALCEDO STREET
GAMBOA STREET

CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC

25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
20,000.00
20,000.00
30,000.00
30,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: LEGASPI VILLAGE (CONTINUATION)


Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------LEGASPI PARK VIEW
LEGASPI STREET
CC
20,000.00
LEGASPI TOWERS
LEGASPI STREET
CC
20,000.00
MAYFAIR MANSION
PEREA STREET
CC
20,000.00
MEDICAL TOWERS
HERRERA STREET
CC
20,000.00
PACIFIC BANK CONDOMINIUM
CC
20,000.00
PRINCE PLAZA CONDOMINIUM
DELA ROSA STREET
CC
20,000.00
STATE CONDOMINIUM
SALCEDO STREET
CC
20,000.00
SUNRISE TERRACE
PEREA STREET
CC
20,000.00
VERNIDA CONDOMINIUM
AMORSOLO STREET
CC
25,000.00
W.W. CONDOMINIUM
AGUIRRE STREET
CC
20,000.00
WINDSOR TOWER
LEGASPI STREET
CC
20,000.00
ZETA CONDOMINIUM
SALCEDO STREET
CC
20,000.00
ASIAN MANSION CONDOMINIUM
DELA ROSA STREET
CC
30,000.00
PRINCE PLAZA
GREENBELT
CC
40,000.00
VERNIDA I
CC
30,000.00
LTA BLDG. (OFFICE CONDOMINIUM)
CC
30,000.00
GREENBELT MANSION
PEREA STREET
CC
30,000.00

Page72

MAKATI CINEMA
KING'S COURT CONDOMINIUM
ALL CONDOMINIUMS, TOWNHOUSES,
COMM'L AND IND'L BLDGS.

PASONG TAMO
PASONG TAMO EXTENSION

CC
CC

20,000.00
20,000.00

CC/RC

30,000.00

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: MAGALLANES VILLAGE


Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------BEGONIA
RR
10,000.00
ENCARNACION
RR
10,000.00
HOMONHON
RR
10,000.00
HUMABON
RR
10,000.00
LAPU-LAPU AVENUE
RR
10,000.00
LIMASAWA
RR
10,000.00
MACTAN
RR
10,000.00
MAGALLANES AVENUE
RR
10,000.00
MAGALLANES CIRCLE
RR
10,000.00
MAGDALENA AVENUE
RR
10,000.00
MARGARITA
RR
10,000.00
PASONG TAMO
CR
20,000.00
ROSARIO
RR
10,000.00
SAN ANTONIO
RR
10,000.00
SAN CARLOS
RR
10,000.00
SAN FELIPE
RR
10,000.00
SAN GERONIMO
RR
10,000.00
SAN GREGORIO
RR
10,000.00
SAN MARTIN
RR
10,000.00
SAN PABLO
RR
10,000.00
SOCORRO
RR
10,000.00
SANTA ANA
RR
10,000.00
SANTA ROSA
RR
10,000.00
TRINIDAD
RR
10,000.00
VICTORIA
RR
10,000.00
GALLERIA DE MAGALLANES
CC
30,000.00
GALLERIA DE MAGALLANES
RC
25,000.00
ALL CONDOMINIUMS, TOWNHOUSES,
COMM'L AND IND'L BLDGS.
CC/RC
25,000.00

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: PALANAN
Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------AMPERE
RR
6,000.00
ARARO
RR
6,000.00
ARELLANO AVENUE
RR
6,000.00
BATANGAS
RR
6,000.00
BAUTISTA
RR
6,000.00

Page73

BERMEO
BIGASAN
BOYLE
CALATAGAN
CAMALIG
CASINO
CUENCA
CURRIE
DAYAP
DIAN
DIESEL
DORANGO
EMILIA
ENRIQUE
ENTHOVEN
FAHRENHEIT
FILMORE
FILMORE BUENDIA
FLORIDA
GUERNICA
HILARIO
IBARRA
JAVA
LAREDO
MADRAS
MAKILING
MARCONI
MATANZAS
NEGROS
OLIVARES
PUERTO RICO
PUERTO RICO
QUIRINAL
QUIRINAL
SENATOR GIL PUYAT
ALL CONDOMINIUMS, TOWNHOUSES,
COMM'L & IND'L BLDGS

RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
CR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
APD*
RR
APD*
CR

6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,500.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00

20,000.00

CC/RC

20,000.00

6,000.00

*APD:
N =ARELLANO STREET
E =OLIVARES STREET
S =CASINO STREET
W =BAUTISTA STREET

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: ARNAIZ P. DEL PILAR NORTH


Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------ANTONIO
RR
6,000.00
BERMEO
RR
6,000.00
CUENCA
RR
6,000.00
DAYAP
RR
6,000.00
DE LA ROSA
CR
20,000.00
E. JACINTO
RR
6,000.00
E. RAMOS
RR
6,000.00
FACUNDO
RR
6,000.00
HERNANDO
RR
6,000.00

Page74

HOOVER
J. VICTOR
JAVIER
M. OCAMPO
MCKINLEY
MEDINA
PASONG TAMO
PIO DEL PILAR
PIO DEL PILAR
ROOSEVELT
SANTILLAN
SENATOR GIL PUYAT
TINDALO
VILLAR
WASHINGTON
WILSON
CITYLAND CONDOMINIUM
SEN GIL PUYAT AVENUE
CONDOMINIUMS/TOWNHOUSES,
COMMERCIAL AND INDUSTRIAL BUILDI SEN GIL PUYAT AVENUE
OTHER CONDOMINIUMS/TOWNHOUSES,
COMMERCIAL AND INDUSTRIAL
BUILDINGS

RR
RR
RR
RR
RR
RR
CR
CR
RR
RR
RR
CR
CR
RR
RR
RR
CC

6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
20,000.00
10,000.00
6,000.00
6,000.00
6,000.00
20,000.00
20,000.00
6,000.00
6,000.00
6,000.00
30,000.00

CC/RC

30,000.00

CC/RC

20,000.00

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: ARNAIZ P. DEL PILAR SOUTH


Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------ARGUELLES
RR
6,000.00
BATANGAS
RR
6,000.00
CAPT. APOLINARIO
RR
6,000.00
CAPT. M. REYES
RR
6,000.00
CAPT. M. REYES
CR
6,500.00
CUANGCO
RR
6,000.00
DALLAS
RR
6,000.00
MERRY CALON
RR
6,000.00
PAREDES AVENUE
RR
6,000.00
VALDERAMA
RR
6,000.00
CITYLAND CONDOMINIUM
SOUTH SUPERHIGHWAY
CC
20,000.00
ALL CONDOMINIUMS, TOWNHOUSES,
COMM'L & IND'L BLDGS.
CC/RC
20,000.00

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: SAN ANTONIO VILLAGE


Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------AKLE
RR
8,000.00
ANUBING
RR
8,000.00
ARANGA
RR
8,000.00

Page75

ARARO
BAGTIKAN
BAKAWAN
BANUYO
BATIKULIN
CALANTAS
CAMACHILE
CAONG
CATMON
DAO
DITA
DONGON
ESTRELLA AVENUE
KAMAGONG
LAWAAN
LUMBAYAO
LUMBAYAO
MALUGAY
MAYAPIS
PASONG TAMO
SAMPALOC
SEN GIL PUYAT AVENUE
SOUTH SUPERHIGHWAY
ST. PAUL
TEKA
TALISAY
TANGUILE
YAKAL
SARMIENTO CONDOMINIUM
SUNSHINE CONDOMINIUM
TOWNHOUSE IPM HOMES I
SKYLAND PLAZA
CONDOMINIUMS/TOWNHOUSES,
COMM'L & IND'L BUILDINGS
OTHER CONDOMINIUMS/TOWNHOUSES,
COMMERCIAL AND INDUSTRIAL
BUILDINGS

YAKAL STREET
KAMAGONG STREET
ST. PAUL STREET
SEN GIL PUYAT AVENUE

RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
APD*
RR
RR
CR
RR
CR
CR
RR
RR
RR
RR
RR
CC
CC
CC
CC

8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
20,000.00
8,000.00
20,000.00
15,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
20,000.00
20,000.00
20,000.00
30,000.00

SEN GIL PUYAT AVENUE

CC/RC

30,000.00

CC/RC

20,000.00

*APD:
NE = LUMBAYAO STREET
SE = ST. PAUL STREET
SW = MAYAPIS STREET
NW = SAMPALOC STREET

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: SAN ISIDRO


Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------A PIO DEL PILAR
CR
10,000.00
ARAGON
RR
6,500.00
ARSONVEL
RR
6,500.00
BATANGAS
RR
6,500.00
SEN. GIL PUYAT
CR
20,000.00
BELL
RR
6,500.00
BEN HARRISON
RR
6,500.00

Page76

BOBROCK
BOLIVIA
BERNEO
BERNEO
CAPT M REYES
CAPT M REYES
COPERNICUS
DALTON
DIAN
EINSTEINO
EVANGELISTA
FARADAY
FORD
GALVANI
GRANDEL
GUATEMALA
HAYES
HONDURAS
MARCONI
MORSE
NEWTON
NOBEL
PASTEUR
ROCHEFELLER
SAN ANTONIO
SENATOR GIL PUYAT
SOUTH SUPERHIGHWAY
URUGUAY
VANBUREN
VOLTA
ZANZIBAR
FINLANDIA HOUSE
ALL CONDOMINIUMS, TOWNHOUSES,
COMM'L AND IND'L BLDGS.

RR
RR
RR
APD*
RR
CR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
RR
CR
CR
RR
RR
RR
APD*
CC
CC/RC

6,500.00
6,500.00
6,500.00
6,500.00
7,000.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
20,000.00
20,000.00
6,500.00
6,500.00
6,500.00
20,000.00
20,000.00

*APD:
N = URUGUAY STREET
E = ARTHUR STREET TO BUANGUINO PASSING THRU HONDURAS
S = HARRISON STREET
W = BATANGAS STREET

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: SAN LORENZO


Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------ABELARDO
RR
10,000.00
AMORSOLO
RR
10,000.00
ANTONIO S ARNAIZ ROAD
CR
30,000.00
APOSTOL
RR
10,000.00
ARQUILLA
RR
10,000.00
BALMORI
RR
10,000.00
BRIONES
RR
10,000.00
EDADES
RR
10,000.00
ESTELLA
RR
10,000.00
HERNANDEZ
RR
10,000.00
HIDALGO
RR
10,000.00
JOAQUIN
RR
10,000.00
JUAN LUNA
RR
10,000.00

Page77

LIPPAY
MALANTIO
NAKPIL
SEN GIL PUYAT
PASONG TAMO
PONCE
ROCHA
SAN LORENZO DRIVE
TAMPINGCO
TOLENTINO
ZARAGOZA
ZIPPER
JACKSON CONDOMINIUM
ALL CONDOMINIUMS,TOWNHOUSES,
COMM'L AND IND'L BLDGS

AMORSOLO-DON BOSCO EDS

PASAY ROAD

RR
RR
RR
CR
CR
RR
RR
RR
RR
RR
RR
RR
CC

10,000.00
10,000.00
10,000.00
25,000.00
25,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
20,000.00

CC/RC

25,000.00

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: MAKATI COMMERCIAL CENTER


Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------EDSA
CR
50,000.00
EAST DRIVE
CR
50,000.00
GREENBELT DRIVE
CR
50,000.00
NORTH DRIVE
CR
50,000.00
NORTH WEST MALL
CR
50,000.00
POSTAL DRIVE
CR
50,000.00
SOUTH DRIVE
CR
50,000.00
SOUTH EAST DRIVE
CR
50,000.00
WEST DRIVE
CR
50,000.00
ALL CONDOMINIUMS, TOWNHOUSES,
COMM'L AND IND'L BLDGS.
CC/RC
70,000.00

RDO NO. 32-A - MAKATI WEST


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.

135-91

BARANGAY: CONDOMINIUMS
Effectivity Date
31-Jul-92
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------CLASSI2ND REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------------------- ------------------------------------ ----------------------- -----------------------------AMORSOLO CONDOMINIUM
AMORSOLO ST, LEGASPI
CC
20,000.00
ALEXANDRE HOUSE CONDOMINIUM
AMORSOLO ST, LEGASPI
CC
20,000.00
ASIAN MANSION CONDOMINIUM
DELA ROSA ST, LEGASPI
CC
30,000.00
CACHO GONZALES CONFOMINIUM
AGUIRRE ST, LEGASPI
CC
30,000.00
CATTLEY CONDOMINIUM
SALCEDO ST, LEGASPI
CC
30,000.00
CENTRUM CONDOMINIUM
SALCEDO ST, LEGASPI
CC
20,000.00
CITYLAND CONDOMINIUM
HERRERA ST, LEGASPI
CC
20,000.00
CITYLAND CONDOMINIUM
S S-HIWAY, P DEL PILAR
CC
20,000.00
CITYLAND CONDOMINIUM
SEN PUYAT, P DEL PILAR
CC
30,000.00
CONCORDE CONDOMINIUM
SALCEDO ST, LEGASPI
CC
20,000.00
CRISTINA CONDOMINIUM
HERRERA COR LEGASPI
CC
20,000.00
CYPRESS CONDODOMINIUM
HERRERA ST, LEGASPI
CC
20,000.00
EUROVILLA CONDOMINIUM
HERRERA ST, LEGASPI
CC
20,000.00

Page78

EPM TOURS CONDOMINIUM


FEDMAN SUITE CONDOMINIUM
FINLANDIA HOUSE
FIRST MIDLAND
GREENBELT MANSION
GALLERIA DE MAGALLANES

LEGASPI VILLAGE
SALCEDO, LEGASPI
SAN ISIDRO VILLAGE
GAMBOA ST,LEGASPI
PEREA ST, LEGASPI VILLAG
MAGALLANES VILLAGE

JACKSON CONDOMINIUM
KING'S COURT CONDOMINIUM
LEGAPI PARK VIEW
LEGASPI TOWERS
LTA BLDG (OFFICE CONDOMINIUM)
MAKATI CINEMA
MAYFAIR MANSION
MEDICAL TOWERS
PACIFIC BANK CONDOMINIUM
PRINCE PLAZA
PRINZE PLAZA CONDOMINIUM
SARMIENTO CONDOMINIUM
STATE CONDOMINIUM
SUNRISE TERRACE
SUNSHINE CONDOMINIUM
SKYLAND PLAZA
TOWNHOUSE IPM HOMES I
VERNIDA CONDOMINIUM
VERNIDA I
W.W. CONDOMINIUM
WINDSOR TOWER
YULO PLAZA TOWNHOUSE
ZETA CONDOMINIUM

PASAY RD, SAN LORENZO


P TAMO EXT, LEGASPI
LEGASPI ST, LEGASPI
LEGASPI ST, LEGASPI
LEGASPI VILLAGE
PASONG TAMO,LEGASPI
PEREA ST, LEGASPI V
HERRERA ST, LEGASPI
LEGASPI VILLAGE
GREENBELT,LEGASPI V
DELA ROSA ST, LEGASPI
YAKAL ST, SAN ANTONIO
SALCEDO ST, LEGASPI
PEREA ST, LEGASPI VILLAG
KAMAGONG ST, SAN ANT
SEN G. PUYAT AVE., S
ST. PAUL ST, SAN ANT
AMORSOLO ST, LEGASPI
LEGASPI VILLAGE
AGUIRRE ST, LEGASPI
LEGASPI ST, LEGASPI
PASONG TAMO, DASMARI
SALCEDO ST., LEGASPI

CC
CC
CC
CC
CC
CC
RC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC
CC

20,000.00
20,000.00
20,000.00
20,000.00
30,000.00
30,000.00
25,000.00
20,000.00
30,000.00
20,000.00
20,000.00
30,000.00
20,000.00
20,000.00
20,000.00
20,000.00
40,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
30,000.00
20,000.00
25,000.00
30,000.00
20,000.00
20,000.00
20,000.00
20,000.00

====================================== ======================== =============== ====================

Page79

REPUBLIC OF THE PHILIIPINES

DEPARTMENT OF FINANCE
MANILA

DEPARTMENT ORDER NO. 19-90


January 29, 1990

SUBJECT:

TO

AMENDMENT TO DEPARTMENT ORDER NO. 51-87 DATED MARCH 26, 1987


IMPLEMENTING THE REVISED ZONAL VALUES OF REAL PROPERTIES IN
THE MUNICIPALITY OF MAKATI FOR INTERNAL REVENUE TAX PURPOSES.

All Internal Revenue Officers and Others Concerned.

Section 16 (e) of the Tax Code, as amended by Presidential Decree No. 1994, authorizes
the Commissioner of Internal Revenue to divide the Philippines into different zones or areas and
determine for internal revenue tax purposes, the fair market value of the real properties located in each
zone or area upon consultation with competent appraisers.
By virtue of said authority, the Commissioner of Internal Revenue has revised the zonal
values of real properties located in the Municipality of Makati under Revenue District Nos. 32, East
Makati, and 32A, West Makati. This Order is issued to implement revised zonal values for land and
zonal values for land and improvements in the case of condominiums in the Municipality of Makati as shown
in Annex "A" hereof to be used in computing any internal revenue tax.
In case the gross selling price or the market value as shown in the schedule of values
of the Provincial or City Assessors is higher than the zonal value established herein, such values shall
be used as basis for computing the internal revenue tax.
This Order shall take effect immediately.

(Signed)
JESUS P. ESTANISLAO
Secretary of Finance

RECOMMENDED BY:
(Signed)
JOSE U. ONG
Commissioner of Internal Revenue

Page80

DEFINITION OF TERMS
RESIDENTIAL
LAND/BUILDING PRINCIPALLY DEVOTED TO HABITATION.
COMMERCIAL
LAND/BUILDING DEVOTED PRINCIPALLY TO COMMMERCIAL
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,
DAIRYING, 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.
VICINITY
MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT
ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A
STREET BEING LOCATED.
CLASSIFICATION LEGEND:
'RR' - RESIDENTIAL REGULAR
'CC' - COMMERCIAL CONDOMINIUM
'RC' - RESIDENTIAL CONDOMINIUM
' I ' - INDUSTRIAL
'CR' - COMMERCIAL REGULAR
' X ' - INSTITUTIONAL
'A' - AGRICULTURAL LAND
' GL ' - GOVERNMENT LAND
'APD' - AREA FOR PRIORITY
DEVELOPMENT

' GP ' - GENERAL PURPOSE

Page81

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: BANGKAL
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------ALEJANDRINO
RR
4,000.00
APOLINARIO ST
RR
4,000.00
CAPT. M. REYES
RR
4,000.00
CR
4,500.00
EDSA
CR
10,000.00
EVANGELISTA
RR
4,000.00
GEN. A. BELARMINO
RR
4,000.00
GEN. A. BONIFACIO
RR
4,000.00
GEN. A. LIM
RR
4,000.00
GEN. A. LUNA
RR
4,000.00
GEN. CAILLES
RR
4,000.00
CR
4,500.00
GEN. DEL PILAR
RR
4,000.00
GEN. E. MACABULOS
RR
4,000.00
GEN. G. DEL PILAR
RR
4,000.00
GEN. J. LACUNA
RR
4,000.00
GEN. N. CAPINPIN
RR
4,000.00
GEN. M. HIZON
RR
4,000.00
GEN. M. TINIO
RR
4,000.00
GEN. MALVAR
RR
4,000.00
GEN. MASCARDO
RR
4,000.00
GEN. O MOJICA
RR
4,000.00
GEN. P. GARCIA
RR
4,000.00
GEN. S. ESTRELLA
RR
4,000.00
GEN. U. LUCBAN
RR
4,000.00
NATIVIDAD
RR
4,000.00
PAREDES AVENUE
RR
4,000.00
CR
4,500.00
RODRIGUEZ
RR
4,000.00
SANTOS
RR
4,000.00
SOUTH SUPERHIGHWAY
CR
10,000.00
ZAMORA
RR
4,000.00

Page82

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: DASMARINAS VILLAGE
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------AMORSOLO
RR
10,000.00
CABALLERO
RR
10,000.00
CALUMPANG
RR
10,000.00
CAMPANILLA
RR
10,000.00
CARISSA
RR
10,000.00
CYPRESS
RR
10,000.00
DASMARINAS AVENUE
RR
10,000.00
GLADIOLA
RR
10,000.00
GLORIOSA
RR
10,000.00
GRANADA
RR
10,000.00
KALACHUCHI
RR
10,000.00
KALAMANSI
RR
10,000.00
KALUMBANG
RR
10,000.00
KAMIAS
RR
10,000.00
KASOY
RR
10,000.00
MABALO
RR
10,000.00
MACOPA
RR
10,000.00
MAGNOLIA
RR
10,000.00
MAHOGANY ST
RR
10,000.00
MILFLORES
RR
10,000.00
PALM AVENUE
RR
10,000.00
PALOMARIA
RR
10,000.00
PARAISO
RR
10,000.00
PARAISO AVE
RR
10,000.00
PASONG TAMO EXT
CR
12,000.00
POMELO
RR
10,000.00
SAGU
RR
10,000.00
SAMPAGUITA
RR
10,000.00
SANTAN
RR
10,000.00
SINEGUELAS
RR
10,000.00
TAMARIND
RR
10,000.00

Page83

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: LEGASPI VILLAGE
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------ABELARDO
CR
15,000.00
ADELANTADO
CR
15,000.00
AGUIRRE
CR
15,000.00
ALVARADO
CR
15,000.00
AMORSOLO
CR
15,000.00
AYALA AVENUE
CC
20,000.00
BENAVIDEZ
CR
15,000.00
BOLANOS
CR
15,000.00
CASTRO
CR
15,000.00
DELA ROSA
CR
15,000.00
ESPERANZA
CR
15,000.00
ESTEBAN
CR
15,000.00
GALLARDO
CR
15,000.00
GAMBOA
CR
15,000.00
GIL
CR
15,000.00
HERRERA
CR
15,000.00
JIMENEZ
CR
15,000.00
LEGASPI
CR
15,000.00
CC
20,000.00
NIEVA
CR
15,000.00
ORNAZA
CR
15,000.00
PASEO DE ROXAS
CR
15,000.00
PASONG TAMO
CR
15,000.00
PEREA
CR
20,000.00
RADA
CR
15,000.00
RODRIGUEZ
CR
15,000.00
SALCEDO
CR
15,000.00
SORIA
CR
15,000.00
SOTTO
CR
15,000.00

Page84

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: MAGALLANES VILLAGE
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------BEGONIA
RR
8,000.00
ENCARNACION
RR
8,000.00
GALERIA DE MAGA
RC
15,000.00
HOMONHON
RR
8,000.00
HUMABON
RR
8,000.00
LAPU-LAPU AVENUE
RR
8,000.00
LIMASAWA
RR
8,000.00
MACTAN
RR
8,000.00
MAGALLANES AVENUE
RR
8,000.00
MAGALLANES CIRCLE
RR
8,000.00
MAGDALENA AVENUE
RR
8,000.00
MARGARITA
RR
8,000.00
PASONG TAMO
CR
10,000.00
ROSARIO
RR
8,000.00
SAN ANTONIO
RR
8,000.00
SAN CARLOS
RR
8,000.00
SAN FELIPE
RR
8,000.00
SAN GERONIMO
RR
8,000.00
SAN GREGORIO
RR
8,000.00
SAN MARTIN
RR
8,000.00
SAN PABLO
RR
8,000.00
SOCORRO
RR
8,000.00
SANTA ANA
RR
8,000.00
SANTA ROSA
RR
8,000.00
TRINIDAD
RR
8,000.00
VICTORIA
RR
8,000.00

Page85

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: PALANAN
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------AMPERE
RR
4,000.00
ARARO
RR
4,000.00
ARELLANO AVENUE
RR
4,000.00
BAUTISTA
RR
4,000.00
BERMEO
RR
4,000.00
BIGASAN
RR
4,000.00
BOYLE
RR
4,000.00
CALATAGAN
RR
4,000.00
CAMALIG
RR
4,000.00
CASINO
RR
4,000.00
CUENCA
RR
4,000.00
CURRIE
RR
4,000.00
DAYAP
RR
4,000.00
DIAN
RR
4,000.00
DIESEL
RR
4,000.00
DORANGO
RR
4,000.00
EMILIA
RR
4,000.00
ENRIQUE
RR
4,000.00
ENTHOVEN
RR
4,000.00
FAHRENHEIT
RR
4,000.00
FILMORE
RR
4,000.00
FILMORE BUENDIA
CR
4,500.00
FLORIDA
RR
4,000.00
GUERNICA
RR
4,000.00
HILARIO
RR
4,000.00
IBARRA
RR
4,000.00
JAVA
RR
4,000.00
LAREDO
RR
4,000.00
MADRAS
RR
4,000.00
MAKILING
RR
4,000.00
MARCONI
RR
4,000.00
MATANZAS
RR
4,000.00
NEGROS
RR
4,000.00
OLIVARES
RR
4,000.00
PUERTO RICO
RR
4,000.00
QUIRINAL
RR
4,000.00
SENATOR GIL PUYAT
CR
12,000.00
PUERTO RICO *
APD
QUIRINAL *
APD
* N = ARELLANO STREET
E = OLIVARES STREET
S =CASINO STREET
W =BAUTISTA STREET

Page86

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: ARNAIZ (PIO DEL PILAR) NORTH
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------ANTONIO
RR
3,750.00
BERMEO
RR
4,000.00
CUENCA
RR
4,000.00
DAYAP
RR
4,000.00
DELA ROSA
CR
15,000.00
E. JACINTO
RR
3,750.00
E. RAMOS
RR
4,000.00
FACUNDO
RR
4,000.00
HERNANDO
RR
4,000.00
HOOVER
RR
4,000.00
J. VICTOR
RR
3,750.00
JAVIER
RR
4,000.00
M. OCAMPO
RR
3,750.00
MCKINLEY
RR
4,000.00
MEDINA
RR
4,000.00
PASONG TAMO
CR
10,000.00
PIO DEL P ILAR
CR
7,000.00
ROOSEVELT
RR
4,000.00
SANTILLAN
RR
3,750.00
SEANTOR GIL PUYAT
CR
12,000.00
TAYLO
RR
4,500.00
TINDALO
CR
15,000.00
VILLAR
RR
4,000.00
WASHINGTON
RR
4,000.00
WILSON
RR
4,000.00

Page87

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: ARNAIZ (PIO DEL PILAR) SOUTH
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------ARGUELLES
RR
4,000.00
BATANGAS
RR
4,000.00
CAPT. APOLINARIO
RR
4,000.00
CAPT. M. REYES
RR
4,000.00
CR
4,500.00
CUANGCO
RR
4,000.00
DALLAS
RR
4,000.00
MERRY GALON
RR
4,000.00
PAREDES AVENUE
RR
4,000.00
VALDERAMA
RR
4,000.00

Page88

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: SAN ANTONIO VILLAGE
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------AKLE
RR
5,500.00
ANUBING
RR
5,500.00
ABANGA
RR
5,500.00
BAGTIKAN
RR
5,500.00
BAKAWAN
RR
5,500.00
BANUYO
RR
5,500.00
PATICULIN
RR
5,500.00
CALANTAS
RR
5,500.00
CAMACHILE
RR
5,500.00
CAONG
RR
5,500.00
CATMON
RR
5,500.00
DAO
RR
5,500.00
DITA
RR
5,500.00
DUNGON
RR
5,500.00
ESTRELLA AVENUE
RR
5,500.00
KAMAGONG
RR
5,500.00
LAWAAN
RR
5,500.00
LUMBAYAO
RR
5,500.00
MALUGAY
RR
5,500.00
MAYAPIS
RR
5,500.00
PASONG TAMO
RR
5,500.00
SAMPALOC
RR
5,500.00
SOUTH SUPERHIGHWAY
CR
10,000.00
SAINT PAUL
RR
5,500.00
TEKA
RR
5,500.00
TALISAY
RR
5,500.00
TANGULE
RR
5,500.00
YAKAL
RR
5,500.00
LUMBAYAO*

APD

*APD:
NE - LUMBAYAO STREET
SE - ST. PAUL STREET
SW-MAYAPIS STREET
NW-SAMPALOC STREET

Page89

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: SAN ISIDRO
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------A PIO DEL PILAR
CR
7,000.00
ARAGON
RR
5,000.00
ARSONVEL
RR
5,000.00
BATANGAS
RR
5,000.00
BELL
RR
5,000.00
BEN HARRISON
RR
5,000.00
BOBCOCK
RR
5,000.00
BOLIVIA
RR
5,000.00
BORNEO
RR
5,000.00
CAPT M REYES
RR
5,000.00
CR
5,500.00
COPERNICUS
RR
5,000.00
DALTON
RR
5,000.00
DIAN
RR
5,000.00
EINSTEINO
RR
5,000.00
EVANGELISTA
RR
5,000.00
FARADAY
RR
5,000.00
FORD
RR
5,000.00
GALVANI
RR
5,000.00
GRANDEUR
RR
5,000.00
GUATEMALA
RR
5,000.00
HAYES
RR
5,000.00
HONDURAS
RR
5,000.00
MARCONI
RR
5,000.00
MORSE ST
RR
5,000.00
NEWTON
RR
5,000.00
NOBEL
RR
5,000.00
PASTEUR
RR
5,000.00
ROCKEFELLER
RR
5,000.00
SAN ANTONIO
RR
5,000.00
SEN GIL PUYAT
CR
10,000.00
SOUTH SUPERHIGHWAY
CR
10,000.00
URUGUAY
RR
5,000.00
VANFUREN
RR
5,000.00
VOLTA
RR
5,000.00
BORNEO *
APD
ZANZIBAR *
APD

* NE =URUGUAY STREET
SE =ARTHUR STREET TO BUANGUINO PASSING THRU HONDURAS
SW =HARRISON STREET
NW =BATANGAS STREET

Page90

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: SAN LORENZO
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------ABELARDO
RR
8,000.00
AMORSOLO
RR
8,000.00
ANTONIO S ARNAIZ RD
CR
15,000.00
APOSTOL
RR
8,000.00
ARQUILLA
RR
8,000.00
BALMORI
RR
8,000.00
BRIONES
RR
8,000.00
EDADES
RR
8,000.00
ESTELA
RR
8,000.00
HERNANDEZ
RR
8,000.00
HIDALGO
RR
8,000.00
JOAQUIN
RR
8,000.00
JUAN LUNA
RR
8,000.00
LIBBAY
RR
8,000.00
MELANTIO
RR
8,000.00
NAKPIL
RR
8,000.00
PASONG TAMO
CR
12,000.00
PONCE
RR
8,000.00
ROCHA
RR
8,000.00
SAN LORENZO DRIVE
RR
8,000.00
TAMBINGCO
RR
8,000.00
TOLENTINO
RR
8,000.00
ZARAGOSA
RR
8,000.00
ZIPPER
RR
8,000.00

Page91

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: MAKATI COMML CENTER
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------EAST DRIVE
CR
30,000.00
GREENBELT DRIVE
CR
30,000.00
NORTH DRIVE
CR
30,000.00
NORTH WEST MALLA
CR
30,000.00
POSTAL DRIVE
CR
30,000.00
SOUTH DRIVE
CR
30,000.00
SOUTH EAST DRIVE
CR
30,000.00
WEST DRIVE
CR
30,000.00

Page92

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
19-90
BARANGAY: CONDOMINIUMS
Effectivity Date
25-Apr-90
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CLASSI1ST REV.
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
-------------------------------------------- ---------------------------------------- ----------------------- ------------------------------------------------CACHO GONZALES CONDO
LV MKTI
CC
17,500.00
CATTLEYA GARDENS COND
LV MKTI
CC
17,500.00
CENTRUM COND
LV MKTI
CC
17,500.00
CITYLAND COND
HERRERA ST LV
CC
17,500.00
CONCORDE COND
SALCEDO ST LV
CC
17,500.00
CRISTINA COND
LV MKTI
CC
17,500.00
CYPRESS COND
LV MKTI
CC
17,500.00
EPM TOURS COND
LV MKTI
CC
17,500.00
EUROVILLA COND
HERRERA ST LV
CC
17,500.00
FINLANDIA TOWNHOMES
SAN ISIDRO
CC
17,500.00
FIRST MIDLAND
GAMBOA ST LV
CC
17,500.00
GALERIA DE MAGALANES
MAGALLANES VIL
CC
17,500.00
JACKSON COND
PASAY RD SA LORENZO
CC
17,500.00
LEGASPI PARK VIEW
LV MKTI
CC
17,500.00
LEGASPI TOWERS
LV MKTI
CC
17,500.00
MAKATI CINEMA
P TAMO P DEL PILAR
CC
17,500.00
MAYFAIR COND
LV MKTI
CC
17,500.00
MEDICAL TOWERS
HERRERA ST LV
CC
17,500.00
MIDLAND MANSIONS
PASAY RD SN LORENZO
CC
17,500.00
PACIFIC BANK COND
LV MKIT
CC
17,500.00
PRINCE PLAZA COND
DELA ROSA LV MKTI
CC
17,500.00
SARMIENTO COND
YAKAL SN ANTONIO VIL
CC
17,500.00
STATE COND
SALCEDO ST LV
CC
17,500.00
SUNRICE TERRACE
PEREA ST LV
CC
17,500.00
VERNIDA COND
AMORSOLO ST LV
CC
17,500.00
W W COND
AGUIRRE ST LV
CC
17,500.00
WINDSOR TOWER
LEGASPI VIL
CC
17,500.00
YULO PLAZA TOWNHOMES
P TAMO P DEL PILAR
CC
17,500.00
ZETA COND
SALCEDO ST LV
CC
17,500.00
==================================== ========= =====================

Page93

CERTAIN GUIDELINES IN THE IMPLEMENTATION


OF ZONAL VALUATION OF REAL PROPERTIES FOR
RDO 32A WEST MAKATI
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 A BARANGAY.
IN THE EVENT THAT AN ECISING BARANGAY IS DIVIDED INTO TWO 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 CONDOMINIUMS AND TOWNHOUSES.
IN DETERMINING OR ARRIVING AT THE ZONAL VALUES FOR CONDOMINIUMS AND
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 IF THE TITLE IS
A TCT OR TRANSFER CERTIFICATE OF TITLE, LAND AND IMPROVEMENTS SHALL BE GIVEN
SEPARATE VALUES.
THE GROUND FLOOR OR 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 (HLURB). IF IT IS UTILIZED FOR
SOCIAL HOUSING, IT SHALL BE CERTIFIED TO AS SUCH BY THE PROPER GOVERNMENT
AGENCY E.G. PRESIDENTIAL COMMISSION 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 LOCATED IN WEST MAKATI CLASSIFIED AS
CAPITAL ASSETS, INCLUDING "PACTO DE RETRO" SALES AND OTHER FORMS OF CONDITIONAL
SALES, BY INDIVIDUALS, ESTATES AND TRUSTS, SHALL BE TAXED AT THE RATE OF 5% BASED
ON THE GROSS SELLING PRICE, IF THE CONSIDERATION IS HIGHER THAN THE ZONAL VALUES
HEREIN ESTABLISHED.
PROVIDED HOWEVER THAT TE 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 AND CITY ASSESSORS,
WHICHEVER IS HIGHER.

Page94

Page95

Page96

Page97

Page98

Page99

Page100

Page101

Page102

Page103

Page104

Page105

Page106

Page107

Page108

Page109

REPUBLIC OF THE PHILIIPINES


DEPARTMENT OF FINANCE
MANILA
DEPARTMENT ORDER NO. 51-87
March 26, 1987

SUBJECT: IMPLEMENTATION OF THE ZONAL VALUES OF REAL PROPERTIES


IN THE MUNICIPALITY OF MAKATI FOR INTERNAL REVENUE TAX
PURPOSES.
TO:

All Internal Revenue Officers and Others Concerned:

Section 16 (e) of the Tax Code, as amended by Presidential Decree No.


1994, authorizes the Commissioner of Internal Revenue to divide the Philippines into
different zones or areas and determine for internal revenue tax purposes, the fair
market value of the real properties located in each zone or area upon consultation
with competent appraisers.
By virtue of said authority, the Commissioner of Internal Revenue has
determined the zonal values of real properties located in Makati, Metro Manila
under Revenue District Office Nos. 32 (East Makati) and 32-A (West Makati), after
a public hearing conducted thereon for the purpose. This Order is issued to
implement zonal values for land the zonal values for land and improvements in
the case of condominiums in the Municipality of Makati as shown in Anex "A" hereof
to be used in computing any internal revenue tax.
In case the gross seling price or the market value as shown in the
schedule of values of the Provincial or City Assessors is higher than the zonal value
established herein, such values shall be used as basis for computing the internal
revenue tax.
This Order shall take effect immediately.

(Sgd) JAIME V. ONGPIN


Secretary of Finance

RECOMMENDED BY:
(Sgd) BIENVENIDO A. TAN, JR
Commissioner

DEFINITION OF TERMS
RESIDENTIAL

LAND/BUILDING PRINCIPALLY DEVOTED TO HABITATION.

COMMERCIAL

LAND/BUILDING DEVOTED PRINCIPALLY TO COMMMERCIAL


PURPOSES AND GENERALLY FOR THE OBJECT OF PROFIT.

Page110

INDUSTRIAL

DEVOTED PRINCIPALLY TO INDUSTRY AS CAPITAL.

AGRICULTURAL

DEVOTED PRINCIPALLY TO RAISING OF CROP SUCH AS RICE,


CORN, SUGARCANE, TOBACCO, ETC. OR TO PASTURING,
DAIRYING, INLAND FISHING, SALT-MAKING, AND OTHER
AGRICULTURAL USES INCLUDING TIMBERLAND AND
FOREST LAND.

VICINITY

MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT


ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A
STREET BEING LOCATED.

CLASSIFICATION LEGEND:
'RR' - RESIDENTIAL REGULAR
'RC' - RESIDENTIAL CONDOMINIUM
'CR' - COMMERCIAL REGULAR
'A' - AGRICULTURAL LAND
' I ' - INDUSTRIAL
' X ' - INSTITUTIONAL

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
51-87
Effectivity Date
9-Jun-87
BARANGAY: BANGKAL
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------CLASSIINITIAL
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------APOLINARIO
RR
800.00
GEN. CAILLES
RR
800.00
GEN. CAILLES
CR
800.00
GEN DEL PILAR
RR
800.00
GEN LIM ST
RR
800.00
GEN MALVAR
RR
800.00
GEN RICARTE ST
RR
800.00
LACUNA ST
RR
800.00
M REYES ST
CR
800.00
M REYES ST
RR
800.00
MACABULOS ST
RR
800.00
MOJICA ST
RR
800.00

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
51-87
Effectivity Date
9-Jun-87
BARANGAY: DASMARINAS VILL
--------------------------------------------------- ---------------------------------------------- ----------------------------- ---------------------

Page111

CLASSIINITIAL
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------AMORSOLO ST
RR
2,200.00
CALUMPANG
RR
2,200.00
CALUMPANG
CR
2,200.00
CARISSA ST
RR
2,200.00
CYPRESS ST
RR
2,200.00
DASMARINAS AVE
RR
2,200.00
GLORIOSO
RR
2,200.00
GRANADA ST
RR
2,200.00
KALACHUCHI
RR
2,200.00
KALAMANSI ST
RR
2,200.00
KAMIAS ST
RR
2,200.00
LUMBANG RD
RR
2,200.00
MABOLO ST
RR
2,200.00
MAHOGANY ST
RR
2,200.00
PALM AVENUE
RR
2,200.00
PARAISO AVE
RR
2,200.00
PARAISO ST
RR
2,200.00
SANTAN ST
RR
2,200.00
SINEGUELAS ST
RR
2,200.00
TAMARIND RD
RR
2,200.00

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
51-87
Effectivity Date
9-Jun-87
BARANGAY: LEGASPI VILL
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------CLASSIINITIAL
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------AGUIRRE ST
CC
7,500.00
LEGASPI ST
CC
7,500.00
PEREA ST
CC
7,500.00

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
51-87
Effectivity Date
9-Jun-87
BARANGAY: MAGALLANES VILL
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------CLASSIINITIAL
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------GALERIA DE MAGA
RC
7,800.00
GARCIA VILLA
RR
1,700.00
LAPU LAPU ST
RR
1,700.00
LIMASAWA
RR
1,700.00
MACTAN ST
RR
1,700.00
MAGALLANES AVE
RR
1,700.00
MAGDALENA CIRCL
RR
1,700.00
MARGARITA ST
RR
1,700.00
SAN ANTONIO
RR
1,700.00

Page112

SAN FELIPE
SAN GERONIMO
SAN GREGORIO
VICTORIA ST

RR
RR
RR
RR

1,700.00
1,700.00
1,700.00
1,700.00

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
51-87
Effectivity Date
9-Jun-87
BARANGAY: PALANAN
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------CLASSIINITIAL
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------ARELLANO ST
RR
1,200.00
BATANGAS ST
RR
1,200.00
BAUTISTA ST
RR
1,200.00
BERMEO ST
RR
1,200.00
CALATAGAN ST
RR
1,200.00
CURIE CASINO
RR
1,200.00
CURIE ST
RR
1,200.00
DIESEL ST
RR
1,200.00
DURANGO ST
RR
1,200.00
ENRIQUE ST
RR
1,200.00
FILMORE BUENDIA
CR
1,200.00
FILMORE ST
RR
1,200.00
IBARRA ST
RR
1,200.00
NEGROS ST
RR
1,200.00

EXCEPTIONS:
1. APD - VALUE OF LAND UNDER APD IS P500 / S.Q. M.
A. N--ARELLANO ST
B. E--OLIVARES ST
C. S--CASINO ST
D. W--BAUTISTA ST

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
51-87
Effectivity Date
9-Jun-87
BARANGAY: PIO DEL PILAR
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------CLASSIINITIAL
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------ANTONIO ST
RR
900.00
ARGUELLES ST
RR
900.00
CALHOUN ST
RR
900.00
FRANCISCO ST
RR
900.00
JACINTO ST
RR
900.00
M OCAMPO ST
RR
900.00

Page113

M REYES ST
PASONG TAMO
PIO DEL PILAR
PIO DEL PILAR
RAMOS ST
SANTUICO ST
TAYLO ST
VICTOR ST.
WASHINGTON ST

RR
CR
RR
CR
RR
RR
CR
RR
RR

900.00
2,400.00
900.00
2,400.00
900.00
900.00
1,600.00
900.00
900.00

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
51-87
Effectivity Date
9-Jun-87
BARANGAY: SAN ANTONIO VIL
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------CLASSIINITIAL
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------ANUBING ST
RR
1,000.00
ARANGA ST
RR
1,000.00
ARARO ST
RR
1,000.00
BAGTICAN ST
RR
1,000.00
BANUYO ST
RR
1,000.00
CATMON ST
RR
1,000.00
DAO ST
RR
1,000.00
DUNGON ST
RR
1,000.00
LAWAAN ST
RR
1,000.00
YAKAL ST
RR
1,000.00

EXCEPTIONS:
1. APD - VALUE OF LAND UNDER APD IS P 500 / SQ. M
A. NE - LUMBAYAO ST
B. SE - ST PAUL ST
C. SW - MAYAPI ST
D. NW - SAMPALOC ST

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
51-87
Effectivity Date
9-Jun-87
BARANGAY: SAN ISIDRO
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------CLASSIINITIAL
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------BATANGAS ST
RR
900.00
BUENDIA ST
CR
1,300.00
MORSE ST
RR
900.00

EXCEPTIONS:

Page114

1. APD - VALUE OF LAND UNDER APD IS P 500 / SQ. M.


A. N - URUGUAY ST
B. E - ARTHUR ST. TO BUAGINO PASSING THRU HONDURAS ST
C. S - HARRISON ST
D. W - BATANGAS ST

RDO NO. 32A - WEST MAKATI


CITY/MUNICIPALITY: MAKATI CITY
D.O. NO.
51-87
Effectivity Date
9-Jun-87
BARANGAY: SAN LORENZO
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------CLASSIINITIAL
STREET/SUBDIVISION
VICINITY
FICATION
ZV/SQ.M.
--------------------------------------------------- ---------------------------------------------- ----------------------------- --------------------AMORSOLO ST
RR
1,600.00
APOSTOL ST
RR
1,600.00
HIDALGO ST
RR
1,600.00
JOAQUIN ST
RR
1,600.00
MELANTIO ST
RR
1,600.00
NAKPIL ST
RR
1,600.00
PASAY ROAD
AMORSOLO DON BOSCO - EDSA
CR
3,000.00
PONCE ST
RR
1,600.00
ROCHA ST
RR
1,600.00
ZARAGOZA ST
RR
1,600.00
ZULUETA CIRCLE
RR
1,600.00
============================= ========================== ================ ============

CERTAIN GUIDELINES IN THE IMPLEMENTATION


OF ZONAL VALUES OF REAL PROPERTIES FOR
RDO 32 EAST MAKATI AND RDO 32A WEST MAKATI
1. NO PREVIOUS SALE OF PROPERTY OF A PARTICULAR CLASSIFICATION.
WHERE IN THE APPROVED LISTING OF ZONAL VALUES, NO ZONAL
VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR OTHER
CLASSIFICATION OF REAL PROPERTY, 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. NO PREVIOUS SALE OF PROPERTY IN A PARTICULAR STREET (S)
WITHIN THE SAME BARANGAY.
WHERE A STREET IN ANY BARANGAY DOES NOT APPEAR IN THE
LIST OF STREETS WITH APPROVED ZONAL LAND VALUES, THE
APPROVED ZONAL VALUES OF LANDS WITH THE SAME CLASSIFICATION
IN OTHER STREETS WITHIN THE SAME VICINITY I N THE BARANGAY
SHALL APPLY.

Page115

4. DIVISION OF A BARANGAY.
IN THE EVENT THAT AN EXISTING BARANGAY IS DIVIDED INTO
TWO OR MORE BARANGAYS, THE ZONAL VALUES PRESCRIBED FOR THE
EXISTING BARANGAY SHALL BE USED FOR THE NEWLY CREATED BARANGAY.
5.

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 LOCATED IN MAKATI CLASSIFIED
AS CAPITAL ASSETS, INCLUDING "PACTO DE RETRO" SALES AND
OTHER FORMS OF CONDITIONAL SALES, BY INDIVIDUALS, ESTATES
AND TRUSTS, SHALL BE TAXED AT THE RATE OF 5% BASED ON THE
GROSS SELLING PRICE, IF THE CONSIDERATION IS HIGHER THAN THE
ZONAL VALUE HEREIN ESTABLISHED.

5.

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
AND CITY ASSESSORS, WHICHEVER IS HIGHER.

Page116

Page117

Page118

Page119

Page120

Page121

Page122

Page123