Valuation of house

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....ng the net maintainable rent in respect of the remaining part of the house, if any, by the fraction 100/9 : Provided that in relation to a house which is built on leasehold land, this sub-rule shall have effect as if for the fraction 100/8 in clause (a) or, as the case may be, the fraction 100/9 in clause (b), the fractions 100/9 and 100/10, respectively, had been substituted. Explanation. - For the purpose of this sub-rule, a house shall be deemed to be mainly used for residential purposes, if the built-up floor area thereof used for residential purposes is not less than sixty-six and two-third per cent of its total built-up floor area (2) For the purpose of this rule, - (a) "gross maintainable rent ", in relation to a house, means....

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.... of the amount by which the gross maintainable rent exceeds the amount referred to in sub-clause (i), in respect of the repairs of the house; (iii) any sums spent during the previous year to collect the rent from the house, not exceeding six per cent of the amount by which the gross maintainable rent exceeds the amount referred to in sub-clause (i) ; (iv) the amount of any premium paid during the previous year to insure the house against any risk of damage or destruction ; (v) the amount of ground rent payable during the previous year, where the property is subject to ground rent; and (vi) any sum paid in the previous year on account of land revenue or any other tax levied in the previous year by the State Government in respect of t....

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....here the house is situated at Agra, Ahmedabad, Allahabad, Amritsar, Bangalore, Bhopal, Cochin, Hyderabad, Indore, Jabalpur, Jamshedpur, Kanpur, Lucknow, Ludhiana, Madurai, Nagpur, Patna, Pune, Salem, Sholapur, Srinagar, Surat, Tiruchirapalli, Trivandrum, Vadodara (Baroda) or Varanasi (Banaras), sixty-five per cent of the aggregate area; and (c) where the house is situate at any other place, seventy per cent of the aggregate area : Provided that where under any law for the time being in force, the minimum area of the plot of land required to be kept as open space for the enjoyment of the house exceeds the specified area; such minimum area shall be deemed to be the specified area; (iii) "unbuilt area", in relation to the aggregate area ....