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[Cites 0, Cited by 7] [Entire Act]

State of Tamilnadu - Section

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

39. [ [Section 39 omitted by Tamil Nudu Act 23 of1973, w.e.f. 30.6.1973.]

* * *][Schedule I] [Inserted by the Tamil Nadu Act 23 of 1973, w.e.f. 30.6.1973.](See section 4)Amenities
(1)Air-conditioner.
(2)Lift.
(3)Water-cooler.
(4)Electrical heater.
(5)Frigidaire.
(6)Mosaic flooring.
(7)Side dadoos.
(8)Compound walls.
(9)Garden.
(10)Over-head tank for water-supply.
(11)Electric pump and motor for water-supply.
(12)Playground.
(13)Badminton and Tennis Courts.
(14)Sun-breakers.
(15)Amenity referred to in the first proviso to sub-section (4) of section 4.
(16)Usufructs, if any, enjoyed by the tenant.
(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.
(2)The amount of depreciation shall, in no case, be less than ten per cent of the cost of construction of the building.
(3)The actual depreciation of a building aged 'n' years is calculated by using the formula -
P =| A| (110 + r)n100
whereA = total cost of construction of the building,r = rate of depreciation per annum,n = age of the building (i.e., the number of years),p = the final depreciated value of the building.The amount of depreciation will be equal to ('A' - 'P') subject to a minimum often per cent of 'A'.