Amendment status not verified — confirm the current text below against the official source.
The rates of reve nue for land Rates of re - settled with a right of renewal and "1e:-iue :fis::: 0~1 classed as trade sites shall not exceed land classed 50 per cent of the annual value of the as trade sit- sites . e s. 19c The rates of revenue for Rates of r e - land settled without a right of renewal venue for for a period not exceeding three years temporary shall not exceed the full annual value settled land. of the sites. Explanation : - For the purposes of se ctions 17, 18 and 19 the annual value , shall mean the gross annual rent at '.vhich land may be reasonably e:x.-pected to let and shall be determined. where - ever possible , frcm recent records of sales and leases relating to lands 0£ a sirniJ.ar de script ion and with sj_rnilar ad-vantages in tbe vi~ini VJ • 20 . (1) The provisions of section 12 shall apply to agriculDJ~al land. (2) If the total revenue ass- o~sed on all tne r esid8ntial ;;ites hcli by the sa:ns owne~' or set cf co·- cv:ners within a tovm excecC::.u the 1 or- mer revanue on the sarne area and the II er::1ancement shall be effected g:-ndually by trj ~nnia.1 i ncrements each not excee - dtng 25 per cent of thc tot c:~l enhe.nceme: t >'<:Provided that; in 0-'1Y case in which the en~ancer1en-c exceeds 400 per cent of the: old r evenue, the case shall be refe - 3"red. to t he State Govern::nent for orders .. Graduated enhancement of revenue on agricul 'ti-...l ural land and re sid.e - nM.al sites. II revenue as thus enhanced exceeds RsQ 15, then the -14- (i) When the old revenue is less thah ~ . *15 and the enhanced revenue exceeds~ . *15 the old revenue s~all be taken to be ~ . *1 5 for the purpose of applying sub-section (2) .