how to find out fair rent, municipal value & standard rent in a practical situation?
which are the states where standard rent is applicable?
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 25 November 2009
Municipal value can be found out from the DDA's site where u can see the circle rates for a particular area..........
https://delhigovt.nic.in/index.asp
Standard rent is the rent as mandated in the Rent control Act. The act and the circular or notification in this regard may be referred............
As for the purposes of fair value, the help of a valuer may be taken or alternatively, a sound business practice is a letter is sent to the registrar of the immoveable properties requesting him to provide with the fair value of a property in a particular area............!!!!!!!!!!!!!!!!!!!!
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
