Section 105(3) in The Chandernagore Municipal Corporation Act, 1990
(3)If the gross annual rent of any class or classes of lands or buildings cannot be easily estimated, the annual value of a holding comprising such land or building shall be deemed to be an amount which may be equal to but may not exceed seven and a half per cent of the value of the holding obtained by adding the estimated cost of erecting the building at the time of assessment less a reasonable amount to be deducted on account of depreciation, if any, to the estimated present market value of the land [comprised in the holding.] [Words substituted by West Bengal Act 17 of 1995.]
