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[Cites 0, Cited by 0] [Section 39] [Entire Act]

State of Tamilnadu - Subsection

Section 39(17) in The Tamil Nadu Buildings (Lease and Rent Control) Act, 1960

(17)Features of special architectural interest.[Schedule II] [Inserted by the Tamil Nadu Act 23 of 1973, w.e.f. 30.6.1973.](See section 4)Rates of Depreciation
  Type of buildings Rate of depreciation per annum
(1) (2)  
1. Buildings built in lime mortar and in which teakhas been used throughout. 1 per cent.
2. Buildings built partly of brick in lime mortarand partly of brick in mud and in which teak has been used. 11/2 per cent.
3. Buildings built in brick-in-mud and in whichcountry wood has been used. 2 per cent
4. Buildings which are inferior to those of class 3with brick-in-mud unplastered walls and mud floors and in whichcheap country wood has been used. 4 per cent.
Explanation. - (1) The depreciation shall be calculated for each year on the net value arrived at after deducting the amount of depreciation for the previous year.