I am living in the XXX Society in Indraprastha Exnention, East Delhi. Yesterday, I have got a intimation from my Society to pay Annual Society Maitenance Changes and Annual Insurance Premium.

Annual Insurance Premium the Society asked as below -
1- 2BHK Flat - 270 (Area 950 Sq Feet, Sum Insured - 630,000)
2- 3BHK Flat - 380 (Area - 1250 Sq Feet,Sum Insured - 770,000 )


How is the value of the house, and its contents assessed?

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