Professional Documents
Culture Documents
RR 6 - MANILA
RDO No. 30 - Binondo, Manila is composed of the following Barangays:
Barangays : 287 - 288 - 289 - 290 - 291 - 292 - 293 - 294 - 295 - 296
SUBJECT: IMPLEMENTATION OF THE REVISED SCHEDULE OF ZONAL VALUES OF REAL PROPERTIES IN THE
CITY OF MANILA, NATIONAL CAPITAL REGION (5th Revesion), WITHIN THE JURISDICTION OF
REVENUE DISTRICT OFFICE NO. 30 - BINONDO, MANILA FOR INTERNAL REVENUE TAX PURPOSES.
Section 6(E) of Republic Act No. 8424, otherwise known as the "Tax Reforms Act of 1997", authorizes
the Commissioner of Internal Revenue to divide the Philippines into different zones or areas and determine for
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 real
properties in the City of Manila, National Capital Region (5th Revision), within the jurisdiction of Revenue District No. 30 -
Binondo, Manila, Revenue Region No. 6 - Manila City, after a public hearing was conducted on June 16, 2017 for the purpose.
This Order is issued to implement the revised zonal values of real properties for purposes of 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 (1) the fair market value as
shown in the schedule of values of the provincial or city assessor and (2) the gross selling price/consideration as shown in the
duly notarized document of sale or transfer of real property.
(original signed)
CARLOS G. DOMINGUEZ
Secretary of Finance
RECOMMENDED BY:
(original signed)
CAESAR R. DULAY
Commissioner of Internal Revenue
DEFINITION OF TERMS
STREET NAME/
5th REVISION
SUBDIVISION/
VICINITY CLASS
ZV / SQ. M
CONDO
MINIUM
(List of Streets)
DASMARINAS M DE BINONDO - Q. PAREDES CR 132,400.00
ESTRAUDE M DE BINONDO - J. LUNA CR 55,550.00
INGRESO M DE BINONDO - J LUNA CR 72,500.00
JUAN LUNA M DE BINONDO - M DE INDUSTRIA CR 116,700.00
HORMIGA JUAN LUNA - Q. PAREDES CR 72,500.00
MEISIC JUAN LUNA - ESTERO DELA REINA CR 62,800.00
M DEL BANCO NACIONAL J LUNA - M DEL BDO CR 76,300.00
MUELLE DELA INDUSTRIA M DE BINONDO - Q. PAREDES CR 65,000.00
MUELLE DE BINONDO M DELA INDUSTRIA - J LUNA CR 101,800.00
NIMFA M DE BINONDO - J. LUNA CR 72,500.00
PYREIRA M DE BINONDO - J. LUNA CR 55,550.00
QUINTIN PAREDES ONGPIN - J. LUNA CR 94,750.00
RENTAS M DEL BINONDO - J. LUNA CR 72,500.00
REINA REGENTE PLAZA LORENZO-EST DELA REINA CR 72,500.00
SAN FERNANDO M DEL BINONDO - J. LUNA CR 80,350.00
SAN GABRIEL M DEL BINONDO - J. LUNA CR 72,500.00
STREET NAME/
5th REVISION
SUBDIVISION/
VICINITY CLASS
VICINITY CLASS
ZV / SQ. M
CONDO
MINIUM
(List of Condominiums / Townhouses)
RC 32,905.00
COHER REALTY DEVT CORP JUAN LUNA STREET CC 35,631.00
PS 32,905.00
RC 29,650.00
HILLCREST CONDO JUAN LUNA STREET CC 31,562.00
PS 29,650.00
RC 29,650.00
JUAN LUNA PLAZA JUAN LUNA STREET CC 38,650.00
PS 29,650.00
RC 32,250.00
STATE CENTER INVESTMENT
JUAN LUNA STREET CC 44,375.00
CONDO
PS 32,250.00
RC 47,250.00
WORLD TRADE EXCHANGE
JUAN LUNA STREET CC 59,050.00
CENTER CONDO
PS 47,250.00
RC 47,250.00
FORTUNE PLAZA CONDO JUAN LUNA STREET CC 59,050.00
PS 45,750.00
RC 47,250.00
UNITED GROUP BLDG JUAN LUNA STREET CC 59,050.00
PS 47,250.00
RC 56,250.00
NOBLE PLACE DASMARINAS cor JUAN LUNA STS. CC 66,250.00
PS 56,250.00
RC 50,000.00
CBY TOWER MUELLE DE BINONDO CC 53,750.00
PS 50,000.00
RC 50,000.00
SOLALEGRIA MUELLE DE BINONDO CC 53,750.00
PS 50,000.00
RC 50,000.00
SKY RESIDENCE PRENSA STREET CC 53,750.00
PS 50,000.00
RC 33,500.00
REGINA GARDEN I REINA REGENTE STREET CC 36,375.00
PS 33,500.00
RC 33,500.00
REGINA GARDEN II REINA REGENTE STREET CC 36,375.00
PS 33,500.00
Province : National Capital Region (NCR)
City/ Municipality : Binondo, Manila
Barangay : Barangay 2Zone 27 D.O. NO. 62-2017
Effectivity Date 27-Nov-17
STREET NAME/
5th REVISION
SUBDIVISION/
VICINITY CLASS
ZV / SQ. M
CONDO
MINIUM
(List of Streets)
NORBERTO TY (CONDESA) PLAZA LORENZO - T. PINPIN CR 109,250.00
INSULAR VERONICA - V. TYTANA (ORIENTE) CR 53,900.00
JUAN LUNA CONDESA-DELA REINA CR 116,700.00
MEISIC DELA REINA-J LUNA CR 62,800.00
YUCHENGCO (NUEVA) ONGPIN - VERONICA CR 123,300.00
VICTORIA TYTANA (ORIENTE) YUCHENGCO - PLAZA LORENZO CR 110,500.00
ONGPIN ESTERO DELA REINA - PLAZA LORENZO CR 111,750.00
PLAZA RUIZ DELA BARCA ALL ABOUT CR 126,600.00
ALL ABOUT X 126,600.00
REINA REGENTE VERONICA - ESTERO DELA REINA CR 123,300.00
TOMAS PINPIN ESTERO DELA REINA - ONGPIN CR 118,050.00
VERONICA YUCHENGCO - REINA REGENTE CR 83,600.00
RC 31,750.00
KP BINONDO TOWER TOMAS PINPIN STREET CC 32,875.00
PS 31,750.00
Province : National Capital Region (NCR)
City/ Municipality : Binondo, Manila
Barangay : Barangay 2Zone 27 D.O. NO. 62-2017
Effectivity Date 27-Nov-17
STREET NAME/
5th REVISION
SUBDIVISION/
VICINITY CLASS
ZV / SQ. M
CONDO
MINIUM
(List of Streets)
BANQUERO M DEL BANCO NACIONAL - DASMARINAS CR 94,500.00
DASMARINAS Q PAREDES - ESTERO DELA REINA CR 129,900.00
WILLIAM BURKE (DAVID) M NACIONAL - DASMARINAS CR 104,200.00
ELOISA W. BURKE - BANQUERO CR 91,350.00
ESCOLTA Q. PAREDES - BANQUERO CR 100,000.00
JUAN LUNA M DEL BANCO NACIONAL - DASMARINAS CR 116,700.00
MUELLE DEL BANCO NACIONAL Q. PAREDES - BANQUERO CR 87,250.00
MARQUINA SAN VICENTE - DASMARINAS CR 92,500.00
MARTINEZ T. PINPIN - DAVID CR 91,350.00
YUCHENGCO (NUEVA) M DEL BANCO NACIONAL - DASMARINAS CR 122,800.00
SAN VICENTE Q PAREDES -T. PINPIN CR 101,700.00
SODA M DEL BANCO NACIONAL - ESCOLTA CR 91,350.00
T PINPIN M DEL BANCO NACIONAL - DASMARINAS CR 123,800.00
RC 33,500.00
BELTON MANSION RES. CONDO REINA REGENTE STREET CC 37,250.00
PS 33,500.00
RC 33,500.00
SOLEX CONDOMINIUM I SOLER STREET CC 36,375.00
PS 33,500.00
RC 33,500.00
SOLEX CONDOMINIUM II SOLER STREET CC 36,375.00
PS 33,500.00
RC 33,500.00
MANTEL ENTERP INC SOLER STREET CC 36,375.00
PS 33,500.00
RC 55,000.00
SOLER TOWER CONDO SOLER STREET CC 63,250.00
PS 55,000.00
RC 33,500.00
BINONDO TERRACE CONDO ALVARADO STREET CC 36,375.00
PS 33,500.00
RC 33,500.00
BINONDO PLAZA
ALVARADO STREET CC 36,375.00
CONDOMINIUM
BINONDO PLAZA
ALVARADO STREET
CONDOMINIUM
PS 33,500.00
RC 51,250.00
888 LUCKY MANSION ALVARADO STREET CC 60,000.00
PS 51,250.00
RC 33,500.00
LIGAYA INVESTMENT ALVARADO STREET CC 36,375.00
PS 33,500.00
RC 51,250.00
HS COMMERCIAL TOWER ALVARADO STREET CC 60,000.00
PS 51,250.00
Province : National Capital Region (NCR)
City/ Municipality : Binondo, Manila
Barangay : Barangay 2Zone 28 D.O. NO. 62-2017
Effectivity Date 27-Nov-17
STREET NAME/
5th REVISION
SUBDIVISION/
VICINITY CLASS
ZV / SQ. M
CONDO
MINIUM
(List of Streets)
CLARO M RECTO ESTERO DELA REINA - REINA REGENTE CR 113,500.00
DELA REINA REINA REGENTE - G. LACHAMBRE CR 86,000.00
FELIPE II REINA REGENTE - G. LACHAMBRE CR 81,500.00
GRAL LACHAMBRE DELA REINA - FELIPE II CR 81,500.00
MEISIC ESTERO DELA REINA - G. LACHAMBRE CR 80,000.00
REINA REGENTE C M RECTO - ESTERO DELA REINA CR 123,500.00
ROMAN C M RECTO - SOLER CR 81,500.00
SOLER C M RECTO - REINA REGENTE CR 97,000.00
STA.ELENA ESTERO DELA REINA - G LACHAMBRE CR 86,000.00
RC 69,250.00
168 RESIDENCES (TOWER 1 &
REINA REGENTE cor SOLER STS CC 81,250.00
2)
PS 69,250.00
RC 69,250.00
CITYPLACE SQUARE
REINA REGENTE cor SOLER STS CC 81,250.00
PS 69,250.00
Province : National Capital Region (NCR)
City/ Municipality : Binondo, Manila
Barangay : Barangay 2Zone 28 D.O. NO. 62-2017
Effectivity Date 27-Nov-17
STREET NAME/
5th REVISION
SUBDIVISION/
VICINITY CLASS
ZV / SQ. M
CONDO
VICINITY CLASS
CONDO
MINIUM
(List of Streets)
AGUILAR TRONQUED - C M RECTO CR 82,000.00
ALVARADO SOLER - SANCHEZ CR 82,000.00
BENAVIDEZ C M RECTO - SOLER CR 91,750.00
C M RECTO SANCHEZ - BENAVIDEZ CR 110,000.00
G MASANGKAY (MAGDALENA) C M RECTO - SOLER CR 103,000.00
SANCHEZ C M RECTO - SOLER CR 82,000.00
SOLER BENAVIDEZ - SANCHEZ CR 85,500.00
TRONQUED MASANGKAY - ESTERO DE MAGDALENA CR 82,000.00
RC 33,500.00
SKYRISE HOTEL CONDO AGUILAR STREET CC 36,375.00
PS 33,500.00
RC 33,500.00
SUNSHINE MANSION CONDO AGUILAR STREET CC 36,375.00
PS 33,500.00
RC 63,750.00
ORIENT STAR 1001 MASANGKAY STREET CC 75,000.00
PS 63,750.00
RC 63,750.00
H.L.C. BUILDING MASANGKAY STREET CC 75,000.00
PS 63,750.00
Province : National Capital Region (NCR)
City/ Municipality : Binondo, Manila
Barangay : Barangay 2Zone 28 D.O. NO. 62-2017
Effectivity Date 27-Nov-17
STREET NAME/
5th REVISION
SUBDIVISION/
VICINITY CLASS
ZV / SQ. M
CONDO
MINIUM
(List of Streets)
BENAVIDEZ SALAZAR - C M RECTO CR 93,500.00
C M RECTO BENAVIDEZ - ESTERO DE SAN LAZARO CR 110,000.00
G MASANGKAY (MAGDALENA) SALAZAR - SOLER CR 95,000.00
SABINO PADILLA (GANDARA) SOLER - ESTERO DE SAN LAZARO CR 118,500.00
ONGPIN SALAZAR - ESTERO DE SAN LAZARO CR 102,000.00
PIEDAD MASANGKAY - ESTERO DE SAN LAZARO CR 87,000.00
SALAZAR ONGPIN - G MASANGKAY CR 104,500.00
SOLER MASANGKAY - ESTERO DE SAN LAZARO CR 100,500.00
(List of Condominiums / Townhouses)
RC 80,750.00
LEE TOWER S. PADILLA STREET CC 96,250.00
PS 80,750.00
RC 63,750.00
CRYSTAL MANILA MASANGKAY cor PIEDAD STS CC 75,000.00
PS 63,750.00
Province : National Capital Region (NCR)
City/ Municipality : Binondo, Manila
Barangay : Barangay 2Zone 28 D.O. NO. 62-2017
Effectivity Date 27-Nov-17
STREET NAME/
5th REVISION
SUBDIVISION/
VICINITY CLASS
ZV / SQ. M
CONDO
MINIUM
(List of Streets)
MASANGKAY (MAGDALENA) SOLER - ESTERO DELA REINA CR 94,500.00
ONGPIN EST DE SAN LAZARO - EST DELA REINA CR 127,500.00
PIEDAD MASANGKAY - ESTERO DE MAGDALENA CR 87,000.00
SALAZAR ONGPIN - MASANGKAY CR 107,000.00
SOLER MASANGKAY - ESTERO DE MAGDALENA CR 98,000.00
1. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY.
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 R
PROPERTY LOCATED IN THE OTHER STREET/SUBDIVISION WITHIN THE SAME BARANGAY OF SIMILAR
CONDITIONS SHALL BE USED; AND
B. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY
ONE BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPER
LOCATED IN AN ADJACENT BARANGAY OF SIMILAR CONDITIONS SHALL BE USED.
2. PREDOMINANT USE OF PROPERTY.
a.) ALL REAL PROPERTIES REGARDLESS OF ACTUAL USE, LOCATED IN A STREET/BARANGAY/ZONE, THE USE OF
WHICH ARE PREDOMINANTLY COMMERCIAL SHALL BE CLASSIFIED AS "COMMERCIAL" FOR PURPOSES O
ZONAL VALUATION.
a). A CONDOMINIUM CERTIFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE LAND AND THE IMPROVEMENTS
SHALLL BE TREATED AS ONE: OR
b). A TRANSFER CERTIFICATE OF TITLE (TCT), THE LAND AND IMPROVEMENTS SHALL BE GIVEN SEPARATE VALU
i.e. ZONAL VALUE/GROSS SELLING PRICE/FAIR MARKET VALUE PER LATEST T AX DECLARATION WHICHEVER I
HIGHER AND, IN THE ABSENCE OF ZONAL VALUATION, PROPERTY SHALL BE VALUED PURSUANT TO RAMO 2-91.
THESE ARE AREAS DECLARED AS SUCH BY EXISTING STATUTES AND PERTINENT EXECUTIVE
ISSUANCE REVENUE REGULATIONS NO. 17-2001).
SECOND SALE OF LOT IDENTIFIED AS LOCATED IN THE APD SHALL NO LONGER BE VALUED AS AN APD AN
SHALL BE TREATED AS AN ORDINARY REAL PROPERTY.
THE ZONAL VALUES ESTABLISHED HEREIN SHALL APPLY IN COMPUTING ALL INTERNAL REVENUE TAXE
(i.e. CAPITAL GAINS, CREDITABLE WITHHILDING, ESTATE, DONOR'S AND DOCUMENTARY STAMP TAXES) DUE
ON SALES, EXCHANGES, OR OTHER DISPOSITIONS OF REAL PROPERTY PROVIDED THAT THE SAME IS HIGH
THAN (1) THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL AND C
ASSESSORS (i.e. LATEST TAX DECLARATION) AND (2) THE GROSS SELLING PRICE AS SHOWN IN
THE DULY NOTARIZED DOCUMENT OF SALE OR EXCHANGE AT THE TIME OF SALE OR EXCHANGE.
PROVIDED, HOWEVER, THAT THE VALUE OF PROPERTY TO BE USED IN COMPUTING ESTATE AND DONOR
TAXES SHALL BE (1) THE FAIR MARKET VALUE AS DETERMINED BY THE COMMISSIONER OF INTERNAL REVENU
(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.
OMINGUEZ
IN A PARTICULAR STREET/
ME CLASSIFICATION OF REAL
ME BARANGAY OF SIMILAR
N A STREET/BARANGAY/ZONE,
RTINENT EXECUTIVE
Section 6 (E) of the 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 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 real properties (4th Revision) located in the City of Manila under the jurisdiction of
Revenue District Office No. 30 (Binondo), Revenue Region No. 6 (Manila) after public hearing
was conducted on January 29, 2002 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.
RECOMMENDED BY:
CLASSIFICATION LEGEND:
AGRICULTURAL LANDS
1. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY.
a.) NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION IN A PARTICULAR
STREET/SUBDIVISION IN A BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME
CLASSIFICATION OF REAL PROPERTY LOCATED IN THE ADJACENT 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.
a.) A CONDOMINIUM CERTIFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE LAND AND THE
IMPROVEMENTS SHALL BE TREATED AS ONE; OR
b.) A TRANSFER CERTIFICATE OF TITLE (TCT), THE LAND AND IMPROVEMENT SHALL BE GIVEN
SEPARATE VALUES, i.e. ZONAL VALUE/GROSS SELLING PRICE/FAIR MARKET VALUE PER
LATEST TAX DECLARATION WHICHEVER IS HIGHER AND, IN THE ABSENCE OF ZONAL
VALUATION, PROPERTY SHALL BE VALUED PURSUANT TO RAMO 2-91.
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 both from private
and public sectors.
By virtue of said authority, the Commissioner of Internal Revenue has determined the
zonal values of real properties (3rd revision) located in Binondo, Manila under the jurisdiction
of Revenue District Office No. 30 (Binondo), Revenue Region No. 6 (Manila) after public
hearing was conducted on December 19, 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.
RECOMMENDED BY:
CLASSIFICATION LEGEND:
3. DIVISION OF A BARANGAY.
IN THE EVENT THAT AN EXISTING BARANGAY IS DIVIDIED 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.
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 from private and public sectors.
By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal
values of real properties located in Binondo and Sta. Cruz under the jurisdiction of Revenue
District Office No. 23 (Binondo-Sta. Cruz) Revenue Region No. 4A (Manila) after public
hearing was conducted on December 2, 1992 for the purpose. This Order is issued to implement
the revised zonal values for land and improvement in the case of condominiums/townhouses,
commercial and industrial buildings 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 assessor is higher than the zonal value established herein, such values shall
be used as basis for computing the internal revenue tax.
DEFINITION OF TERMS
CLASSIFICATION LEGEND:
a) A CONDOMINIUM CERTIFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE LAND AND THE
IMPROVEMENTS SHALL BE TREATED AS ONE; OR
b) A TRANSFER CERTIFICATE OF TITLE (TCT), THE LAND AND IMPROVEMENTS SHALL BE GIVEN
SEPARATE VALUES;
THE ZONAL VALUES ESTABLISHED HEREIN SHALL APPLY IN COMPUTING ALL INTERNAL
REVENUE TAXES PROVIDED THAT THE CAPITAL GAINS TAX FROM SALES, EXCHANGE, OR OTHER
DISPOSITIONS OF REAL PROPERTY CLASSIFIED AS CAPITAL ASSETS, INCLUDING "PACTO DE RETRO"
SALES AND OTHER FORMS OF CONDITIONAL SALES, BY INDIVIDUALS, ESTATE AND TRUSTS,
SHALL BE TAXED AT THE RATE OF FIVE PERCENT(5%) BASED ON GROSS SELLIING PRICE, IF THE
CONSIDERATION IS HIGHER THAT THE ZONAL VALUES HEREIN ESTABLISHED.
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 the Districts of Binondo and Sta. Cruz under Revenue
District No. 23, Revenue Region 4A, Manila. This Order is issued to implement revised
zonal values for land 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.
RECOMMENDED BY:
DEFINITION OF TERMS
CLASSIFICATION LEGEND:
RR 2,160.00
Page 104
BARANGAY: CONDOMINIUMS
--------------------------------- ------------------------------- ----------------- -------------------------------
CLASSI- 1ST REVISION
STREET/SUBDIVISION VICINITY FICATION ZV/SQ.M.
--------------------------------- ------------------------------- ----------------- -------------------------------
SOLER TOWER CONDO SOLER STREET RC 10,000.00
ALONSO MANSION ALONZO STREET RC 10,000.00
PARK TOWER CONDO F TORRES ST RC 10,000.00
ESCOLTA TWIN TOWER ESCOLTA MANILA RC 17,500.00
FEDERAL TOWER MUELLE DE BINONDO RC 17,500.00
KNOTS REALTY DEV AGUILAR STREET RC 10,000.00
REGINA I REINA REGENTE RC 12,500.00
REGINA II REINA REGENTE RC 12,500.00
FEDERAL HOMES PLAZA L RUIZ RC 12,500.00
STANDARD REALTY CORP ALVARADO STREET RC 10,000.00
PLAZA MORAGA MANSION PLAZA MORAGA ST RC 12,500.00
A & T BUILDING ESCOLTA MANILA RC 15,000.00
BELTON REALTY CORP REINA REGENTE RC 12,500.00
HILLCREST CONDO 233 JUAN LUNA ST RC 10,000.00
MANFEL ENTERP INC 1125 SOLER ST RC 10,000.00
STA ELENA CONDO 676 STA ELENA ST RC 10,000.00
STATE INVES'T CONDO 233 JUAN LUNA RC 15,000.00
YUCHENGCO TOWER 500 Q PAREDES ST RC 15,000.00
RAY BURTON 8737 P DE ROXAS ST RC 12,500.00
BENAVIDEZ GARDEN BENAVIDEZ STREET RC 10,000.00
GIOK HAN DIONISIO 1140 AGUILAR ST RC 10,000.00
GOODWAY BAMBANG STREET RC 10,000.00
RICHTOWN RC 10,000.00
CITY RISER CONDO SOLER STREET RC 10,000.00
S. T. CONDO RC 10,000.00
TYTANA CONDO PLAZA L RUIZ RC 15,000.00
================ =============== ======== ===============
Page 148
WHERE IN THE APPROVED LISTING OF ZONAL VALUES (FOR VARIOUS CLASSIFICATION OF REAL
PROPERTY), NO VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATIONS, THE ZONAL
VALUE PRESCRIBED FOR THE SAME CLASS OF REAL PROPERTY LOCATED IN THE ADJACENT
BARANGAY OF SIMILAR CONDITIONS SHALL BE USED.
3. DIVISION OF A BARANGAY.
IN THE EVENT THAT AN EXISTING BARANGAY IS DIVIDIED 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 PREPERTIES, 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.
THESE ARE AREAS IDENTIFIED AS AREAS FOR PRIORITY DEVELOPMENT CERTIFIED TO AS SUCH BY
THE HOUSING AND LAND USE REGULATORY BOARD (HLRUB). IF IT IS UTI LIZED 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.
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 BINONDO-STA CRUZ 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 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.
====================================================================
I-3 apmd wpc Nov. 21, 2017
Page 150
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 the Districts of Binondo and Sta. Cruz under RDO No. 23,
Revenue Region 4-A, Manila, after a public hearing conducted thereon for the purpose. This
Order is issued to implement zonal values for land 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.
RECOMMENDED BY:
DEFINITION OF TERMS
CLASSIFICATION LEGEND:
WHERE IN THE APPROVED LISTING OF ZONAL VALUES (FOR VARIOUS CLASSIFICATIONS OF REAL
PROPERTY), NO VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATIONS, THE ZONAL
VALUE PRESCRIBED FOR THE SAME CLASS OF REAL PROPERTY LOCATED IN THE ADJACENT
BARANGAY OF SIMILAR CONDITIONS SHALL BE USED.
3. DIVISION OF A BARANGAY.
IN THE EVENT THAT AN EXISTING BARANGAY IS DIVIDIED 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 PREPERTIES, 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.
THE GROUND FLOOR OF A CONDOMINIUM SHALL BE CLASSIFIED AS COMMERCIAL AND 20% OF THE
ESTABLISHED VALUE SHALL BE ADDED THERETO.
Page 201
THERE 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 PRESIDENTIAL COMMISSION ON URBAN POOR (PCUP).
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 BINONDO-STA. CRUZ 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 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 VALUES AS
SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL AND CITY ASSESSORS, WHICHEVER IS
HIGHER.
=====================================================================
I-3 apmd wpc Nov.20, 2017