Amendment status not verified — confirm the current text below against the official source.
Power to fix the Rental Value and the Annual Rental Value. - (1) The rate of Rental Value per sq.ft, shall be fixed by the Board of the Municipality at a meeting, with prior approval of the Committee mentioned under section 79A. (2) The Annual Rental Value shall be commuted at a multiple of the Carpet Area and the Rental Value fixed under sub section (1), by the Board of the Municipality at a meeting, with prior approval of the Committee mentioned under section