The Second Schedule
[See Section 17(1)]
Rates of Fixed Rent
Rates of fixed rent in rupees per standard block per annum
Size | 1st Year of the lease | 2nd to 5th year of the lease | 6th to 10th year of the lease | 11th year of the lease and onwards |
Standard block of 5 minutes longitude by 5 minutes latitude | Nil | Rupees 50,000 | Rupees 1,00,000 | Rupees 2,00,000 |