Section 6(2) in The Chennai City Tenants Protection Rules, 1970
(2)The amount of depreciation shall, in no case, be less than 10 per cent of the estimated present cost of the building.Illustrations:-(a)For a building of type 1 aged only 2 years-the depreciation shall be 10 per cent, and not about 2 per cent, as calculated under the formula given in Note (3) below.(b)For a building of type 1,15 years old, it is 13.99 per cent, as derived from the formula given under Note (3) below.
