Amendment status not verified — confirm the current text below against the official source.
For the purposes of this Act, the market Market value of any urban land shall be estimated to be the Value of price which in the opinion of the Assistant urban land Commissioner, or the Tribunal, as the case may be, such urban land would have fetched or fetch, if sold in the open market on the date of the commencement of this Act. 'T6-A. For the purposes of this Act, the area Urban area comprising in — (a) the City of Madras, (b) the Madras City Belt Area, (c) any municipal town, (d) the area within sixteen kilometres of the outer limits of such municipal town, (e) any township, (f) the area within sixteen kilometres of the outer limits of such township, shall each constitute a separate urban area and for the purposes of assessment under this Act, the extent of urban land held by an owner in one urban 1 These sections were substituted by section 6 of the Tamil Nadu Urban Land Tax (Amendment) Act, 1975 (Tamil Nadu Act 49 of 1975) for the following sections, which were inserted by section 6 of the Tamil Nadu Land Tax (Amendment) Act, 1971 (Tamil Nadu Act 30 of 1971) :- “6-A. Urban area — For the purposes of this Act, the area comprising — (a) the City of Madras and the area within sixteen kilometres of such city.; (b) any municipal town and the area within sixteen kilometres of such municipal town ; and (c) any township and the area within sixteen kilometres of such township, shall each constitute a separate urban area and for the purposes of assessment under this Act, the extent of urban land held by an owner in one urban area shall not be included in the extent of urban land held by him in another urban area. 6-B. Total extent only to fix the rates. — For the purpose of this Act, the total extent of the urban land in an urban area shall be taken into account for applying the rates specified in the Schedule.” Urban Land Tax [1966 : T.N. Act 12] area shall not be included in the extent of urban land held by him in another urban area. Total extent 6-B. For the purposes of this Act, - only to fix the (i) the total extent of the urban land which is rates vacant or which is used for residential purposes in an urban area shall be taken into account for applying the rates specified in Parts I and III of the Schedule ; (ii) the total extent of the urban land used for non-residential purposes in an urban area shall be taken into account for applying the rates specified in Parts II and IV of the Schedule. ] Owner of