Consider the following problem relating to a let out house property 2 marks Municipal valu...........

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Consider the following problem relating to a let-out house property : (2 marks)

Municipal value – ` 60,000

Fair rent – ` 68,000

Standard rent under the Rent Control Act – ` 62,000

Annual Rent received – ` 65,000

The Gross Annual Value of the property will be

` 68,000

` 62,000

` 65,000

` 60,000

` 65,000

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