In the real estate sector, the term “şerefiye” refers to the premium value that a property gains due to its superior features such as location, view, or orientation. In other words, it expresses the additional value that distinguishes one unit from another in the same building. The “şerefiye calculation” is the process of determining these value differences among units in the same project. This method is especially used in mass housing or residential complex projects to ensure that each apartment is priced fairly according to its true value. As a result, a transparent and balanced pricing structure is established between buyers and sellers.
Factors Determining the Şerefiye Value
The monetary outcome of the şerefiye calculation is called the şerefiye value — sometimes referred to as the “prestige value.” This value varies depending on local conditions, expectations, and living standards. For example, proximity to transportation networks may increase value in large cities, whereas in quieter regions it might be considered a disadvantage due to noise.
The key factors that influence the increase or decrease of the şerefiye value include:
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The apartment’s exposure to sunlight and its façade direction
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Presence of private spaces such as balconies, terraces, or gardens
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Floor level and position within the building
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Availability and convenience of an elevator
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The level of surrounding noise or tranquility
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Open or panoramic views such as sea, lake, forest, or city views
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Environmental advantages like proximity to pools, sports facilities, playgrounds, or shopping centers
How to Calculate the Şerefiye Value
The şerefiye value of a property is determined by comparing it to similar independent units within the same project, taking into account its location, view, façade, and usage benefits. The goal is to reveal each apartment’s real worth and to ensure fair pricing across the project.
The following criteria are typically assessed when calculating şerefiye on a per-apartment basis:
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Floor level: Upper floors generally have better views and are more spacious, hence more valuable.
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View type: Apartments overlooking the sea, forest, park, or cityscape gain additional value.
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Orientation: South-facing units are often preferred for better daylight exposure.
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Elevator or stair proximity: Apartments close to the elevator, especially on higher floors, are considered advantageous.
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Balcony or terrace area: Large or scenic balconies enhance market value.
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Access to amenities: Units located near shared spaces such as parking, pool, gym, or playgrounds tend to have higher şerefiye coefficients.
These criteria are combined to form şerefiye coefficients, which are used to proportionally determine the relative value of each apartment within the project, making the pricing process more transparent and equitable.
What Is Tax Şerefiye?
In taxation terms, tax şerefiye refers to the additional value arising from the economic advantages of a business or property and its inclusion in taxable income. This typically occurs during mergers, acquisitions, or real estate value appreciation. In simpler terms, it is the process of identifying and taxing the elements that increase a property’s or asset’s market value. Tax şerefiye plays an important role in assessing both corporate financial structures and investors’ income declarations.
Şerefiye Calculation in Housing Cooperatives
In housing cooperatives, şerefiye calculation is essential for ensuring fair cost distribution among members. Apartments with the same floor area can have different values based on their floor level, orientation, or view. Therefore, cooperative management often conducts a şerefiye assessment to account for these advantages. Additional payments may be requested from members owning more desirable units, helping to maintain financial balance and fairness within the cooperative.
