House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 March 2013
Plz provide me the link for determining Annual Municipal Rental Value of a Vacant property (i.e. Notional Rent. (Property is situated in Surat, Gujarat)
or give me some idea about it.
or give me some idea about it.
Santosh Mishra
(Expert)
08 March 2013
I don’t think you can get this information on any website.
You can take Fair rent to determine annual value of the property; it can be any value which you think is reasonable
However I recently came to know that municipal tax levi is about 8.33% per Half Year 16.67% for Whole Year. So You Can Take the Tax Paid Value at 10% and 10 times of the Municipal Tax Paid is Fair Rent Fixed by the Municipal Authorities. A
You can take Fair rent to determine annual value of the property; it can be any value which you think is reasonable
However I recently came to know that municipal tax levi is about 8.33% per Half Year 16.67% for Whole Year. So You Can Take the Tax Paid Value at 10% and 10 times of the Municipal Tax Paid is Fair Rent Fixed by the Municipal Authorities. A
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