Ratable Value


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Related to Ratable Value: rateable value

Ratable Value

The value of real estate as estimated by the rent the owner could charge a tenant on a year's lease. The ratable value assumes the property is vacant when the real estate is sold.
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The assessing officer adopted an annual ratable value at 7 per cent of total investment and therefore, calculated annual rental value at a little over Rs 81.08 lakh.
Income Tax tribunal gives major tax relief to Saif Ali Khan
However, ratepayers will not know their new ratable values until they receive their actual bill in April.
Commercial Property: Softening the blow of new rates bills

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