Section 2(1) in Punjab Panchayat Samitis and Zila Parishads Act, 1961
(1)"annual value" means,-(a)double the land revenue for the time being assessed on any land, whether the assessment is leviable or not; or(b)where the land revenue has been permanently assessed, or has been wholly or in part compounded for or redeemed, double the amount which, but for such permanent assessment, composition or redemption, would have been leviable; or(c)where no land revenue has been assessed, double the amount which would have been assessed if the average village rate had been applied:Provided that, in any tract in which, under the settlement for the time being in force, the improvement of the land due to canal irrigation has been excluded from account in assessing the land revenue and a rate has been imposed in respect of such improvement, that rate shall be added to the land revenue for the purpose of computing the annual value;
