House property

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CA Devendra KUMAR

CA Devendra KUMAR (Querist)
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17 August 2012 dear sir
pl tell me the answer of below question.
how to decide fair rent and standard rent.

Amol S Joglekar

Amol S Joglekar (Expert)
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17 August 2012 standard rent is decided by the authority under standard rent act. (Normally the notification is published or in many rent cases this is referred to by the justice/ courts. Fair rent can be decided with around 90% confidence level by resorting to the rent of the similar property in the similar areas. You need to do some leg work and spade work for this.

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