Mr$.$ Ramachandran owns two houses at Chennai. the assessment year $2022-23.$

$\backslash$table$[[$F$.$R$.$V$.,136,000$ p$.$a$.,1,20,000$ p$.$a$.],[$Actual Rent,$4,000$ p$.$m$.,12,000$ p$.$m$.],[$Municipal Rental Value,$40,000$ p$.$a$.,1,30,000$ p$.$a$.],[$Standard Rant,$38,000$ p$.$a$.,$N$.$A$.],[$Municipal Tax,$10\%$ of MRV $+,10\%$ of MRV $+],[,2\%$ of Municipal,$2\%$ of M$.$ Taxes as$],[,$Tax as sewerage cess,sewerage cess$],[$Actual repairs expenses,$4,000,12,000],[,$ Ground Rent,$2,000,2,500],[,$ Collection charges,$500,1,200],[$Interest on loan,$12,000,48,000],[$Vacancy period,$3$ months,$],[$Bonafide unrealised rent of current year.,$-,36,000]]$

Construction of house II started on Ist November $2017$ and he borrowed $4,00,000$ @ $12\%$ on Ist July, $2018$ for the completion of construction. The house was completed on $30$ th November $2020$ and since then it is let out.