| LIST I | LIST II | ||
| A. | The value as determined by the municipal authorities for levying municipal taxes on house property | I. | Expected Rent |
| B. | The rent which a similar property can fetch in the same or similar locality if it is let for a year | II. | Fair Rent |
| C. | The rent which is fixed under the Rent Control Act | III. | Standard Rent |
| D. | Higher of Municipal value or fair rent but limited to standard rent | IV. | Municipal value |
