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    <title>How to compute gross annual value of a property which is let-out throughout the year?</title>
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    <description>Computation of gross annual value uses three steps: determine reasonable expected rent (higher of municipal value or fair rent, subject to standard rent), determine actual rent after deducting allowable unrealised rent, and fix gross annual value as the higher of the two amounts.</description>
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      <description>Computation of gross annual value uses three steps: determine reasonable expected rent (higher of municipal value or fair rent, subject to standard rent), determine actual rent after deducting allowable unrealised rent, and fix gross annual value as the higher of the two amounts.</description>
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