section 62B
Standard rate of assessment.
Bombay City (Inami And Special Tenures) Abolition And Maharashtra Land Revenue Code) (Amendment) Act, 1969Tax196924 sections
Statutory text
- (1) Subject to the provisions of section 262A, the Collector shall, with the approval of the State Government, fix the rate of assessment per square metre of land in each revenue division (to be called ‘the standard rate of assessment’) which shall be a sum equal to such percentage of the average of the market value of the unbuilt plots in each division as may have been fixed by the State Government under section 262A.
- (2) The market value shall be estimated in the prescribed manner on the basis of—
- (a) sales of land in the revenue division during the period of fifteen years immediately preceding the year in which proceedings for the fixation of the standard rate of assessment are initiated,
- (b) awards relating to the acquisition of land under the Land Acquisition Act, 1894, in the revenue division during the period of fifteen years aforesaid,
- (c) rental value of lands in the revenue division during the period aforesaid.
- (3) The actual assessment of an individual plot in each revenue division shall be fixed by the Collector at an amount equal to the product of the standard rate of assessment in rupees per square metre and the area of the plot in square metres, rounded off in the prescribed manner (hereinafter referred to as ‘the full assessment’).
- (4) Any person aggrieved by the decision of the Collector regarding the standard rate of assessment or market value of lands in any revenue division, may appeal to the State Government : Provided that, the State Government may authorise any officer not below the rank of a Deputy Secretary to decide such appeals.
- (5) The State Government may make rules under section 306 for the institution, and disposal, of such appeals (including provision for period of limitation and hearing).
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