Revision of annual letting value in certain cases.

(1) Where the State Government is of the opinion that the annual letting value of lands or buildings situate in any urban area or part thereof— (a) has not been determined in accordance with the law relating to local authority; or (b) though determined in accordance with the provisions of such law has been computed incorrectly; it may by order direct that the annual letting value of lands and buildings situate in such urban area be determined or revised, as the case may be.

(2) On the issue of an order under sub-section (1), the Property Tax Commissioner shall determine or revise, as the case may be, annual letting value of lands, and buildings situate in the urban area in accordance with the law relating to local authority.