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Standard Rent

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(Querist)
21 February 2009 How to know the standard rent for the purpose of calculating income from house property. ( For Practical Purpose)
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
21 February 2009 Standard rent is the rent which can fetch in that area for same type of flat or portion. If there are two or more portions in the same building you can take the same rent. or same type of portion in that street or locality.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
22 February 2009 Annual Value = Value on which municipal tax is levied.
Standard Rent=Rent as per Rent Control Act.
Fair Rent=Rent fetchable in the market.
Actual Rent=Rent Received.
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