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This query is : Resolved
Guest
Guest
(Querist)
22 March 2010
Please explain me the following terms with examples.............
Reasonable or expected rent of hp
Annual value of hp
Standard rent of hp
Please explain me the following terms with examples.............
Reasonable or expected rent of hp
Annual value of hp
Standard rent of hp
22 March 2010
Reasonable/Expected Rent: The amount of rent that a particular property is expected to be received because of its features, like location, spaciousness etc.
Annual Rent : The actual rent received during the year.
Standard Rent : The amount of rent that Local Authority expects of a property based on its assessment on several features, but not necessary that the actual rent is same, it can be more or less.
Annual Rent : The actual rent received during the year.
Standard Rent : The amount of rent that Local Authority expects of a property based on its assessment on several features, but not necessary that the actual rent is same, it can be more or less.
CA Ashok Kumar Sahu
(Expert)
23 March 2010
agree with expert
CMA Arif Farooqui
(Expert)
25 March 2010
agree with Mr. Rajesh. and continuing..
Std Rent- is fixed under the Rent Control Act, if the Std rent has been fixed for any property under Rent control act, owner is not expected to get rent higher than this.
Std Rent- is fixed under the Rent Control Act, if the Std rent has been fixed for any property under Rent control act, owner is not expected to get rent higher than this.
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