How to find Annual Value of a House Property

POSTED BY cpdhutadmal ON February 18, 2012 2:50 pm ONE COMMENT

Dear All, we know the following formula for calculating the Annual Value of a house property.
and Maximum of following four things is Annual Value.

1. Rent payable by the tenant (actual rent)
2. Municipal valuation of the property.
3. Fair rental value (market value of a similar property in the same area).
4. Standard rent payable under the Rent Control Act.

Question is: How do we calculate or get the information about point no. 2, 3, and 4 above.

I mean if i know the Tax paid to Municipal corporation, will i come to know the valuation ? and what about points 3 and 4 then ?

Regards,
Chandrakant D

One reply on this article “How to find Annual Value of a House Property”

  1. Dear Chandrakant, For point no. 2, please contaxct local municipality office.

    For 3, please look around in your area & you ‘ll come to an average value of your house.

    For 4, I doubt the RCA is applicable to your case, hence it’s not in picture at all.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today