Amendment status not verified — confirm the current text below against the official source.
ncement of rent of building ding anything contained in any agreement or law to the shall not be lawful for any landlord to increase or claim any the rent which is payable for the time being, in respect of any ept in accordance with the provisions of this Act. (1) Standar Rent, in relation to any building, means the rent calculated on the basis of five per ce per annum of the aggregate amount of the cost of construction and the market pric of the land comprised in the building in the year of construction. Provided th t due allowance shall be made on the cost of construction and price of land based on th cost index as per provisions of Section 45 of Income Tax Act, 1981. Provide ho ever, that the rent shall a/ways be fixed on monthly basis. (2) For the urpose of this section (a) the cost.of construction shall be the actual amount spent on construction, and in case such amount cannot be ascertained, such cost shall be determined as per the standard scheduled rates of the Road Construction Department and Buildings Construction Department of the State Government with reference to cost of similar construction for the year in which the building was constructed. (b) the market price of the land shall be the price for which the land was bought as gathered from the registered sale deed or the market value of the land notified by the Registration Department of the Government for the year in which construction was made, whichever is high. ( c) the land shall be the total land comprising the building and such of the vacant land upto fifty percent of the plinth area as is appurtenant thereto. (d) Notwithstanding anything contained in clause (a), (b) and (c), the cost of construction and the market price of the land comprised in the building purchased from or allotted by the Housing Board or any Public Sector Undertaking of the Government or a municipality or municipal corporation shall be the aggregate amount paid or payable to such Housing Board or any Public Sector Undertaking of the Government or a municipality or municipal corporation, as the case may be: (1) A ten nt shall be liable to pay to the landlord, besides the rent, the following charges, namely:- (a) charges, not exceeding fifteen per cent of the rent for the .amenities; or as agreed to by the landlord and the tenant; (b) maintenance charges not exceeding ten percent of the rent; or as agreed to by the landlord and the tenant; and I (c) without prejudice to the liability of landlord, one-twelfth of yearly property tax in relation to the building- payable to the municipality or the municipal corporation. (2) The tenant' is responsible for payment of electricity and water charges payable for the building. " 1 1 . Enhancement of rent The standard rent fixed for any building shall be enhanced every year at seventy-five per cent of annual inflation rate based on wholesale price index in the case of residential buildings and one hundred per cent of such rate in the case of non-residential buildings.