Steps Amount Ist Particulars Compute Reasonable Expected Rent [RER) Gross Municipal Value (a) Fair Rent (b) Higher of the (a) and (b) [A] s21 3 Standard rent (B) Reasonable expected rent Lower of (A and B)][C] Actual rent received or receivable (ARR) - Unrealised Rent of the current year (UR) [D] Gross annual value Higher of Cand considered as GAV However, where 'ARR - UR' is lower due to vacancy, then 'ARRUR computed in step 2 will be treated as GAV. ILLUSTRATION (COMPUTATION OF REASONABLE EXPECTED RENT] Calculate Reasonable Expected Rent from the following details: Particulars Gross Municipal Value (a) Fair Rent (b) Higher of the [(a) and (b) [A] Standard Rent as per Rent Control Act [B] Reasonable Expected Rent Lower of [(A) & (B)] House House 2 House House House 1 3 5 10,000 12,000 12,000 18,000 16,000 8,000 16,000 16.000 10,000 17,000 10,000 16.000 16.000 18,000 17,000 10,000 14,000 NA 8.000 20,000 10,000 14.000 16.000 8,000 17.000 H2 H3 H4 HS H6 130 140 150 | 160 180 ILLUSTRATION WHEN THERE IS NEITHER UNREALISED RENT NOR VACANCY PERIOD Calculate Gross Annual Value for the following house properties. (* in '000) Particulars H1 Gross Municipal value for the whole year 120 Fair rent for the whole year 175 Standard rent (for whole year) 165 Actual rent receivable 175 Period of the previous year (in months) 12 12 105 115 135 155 168 NA 100 135 |] 180 144 110 135 200 100 100 12 12 12 10