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Ramesh Kumar (consultant)     06 November 2015

Fixation of fair rent

Hi,

I have rented a commercial property in suburb of chennai. I tried to evict tenant, but that case is running now for 8 years. Meanwhile, i want to put a fixation of fair rent case so that atleast the rent i get is market value.

Pls tell me if fixation of fair rent atleast will move fast, if so, what is the approximate time it will take to start and finish a fixation of fair rent case.

 

Thanks,

Ram

 



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 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     06 November 2015

Exemption to premises carrying rent beyond Rs. 3,500/- per month.​The calculation of Standard Rent to be based on actual rather than reasonable cost of construction and the market price of land in the base year.The permissible Standard Rent raised to ten percent from 7 ½ percent earlier.The Standard Rent or agreed rent to be increased by ten percent every three years;The tenant to be protected against eviction for ten years from the date of building his own house (Clause 14(1) (hh);


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