Property tax revision based on rent

5.

Calculation of ARV: -

Floor Area in sq.ft. Rate Total

(a) Built up Area: -

Thank you Mr. Vishal.  You have given the formula but actually my question was about whether because of rent realized that is HIGHER than the fair rent value,

1)   Will the ARV be revised upwards and hence the incidence of tax also increase while the premises are let out

AND

2)  Suppose the answer to the above is yes, then whether once the owner re-occupies the same flat say after the elave and license period is over, if the tax incidence was increased before because of higher rent, will the same tax amount be charged or a lower value ? Suppose becuase of higher rent income, the property tax that began to be levied became 12,000 instead of 5000.

The above during leave and license.  Now if the flat is again self-occupied.  Will it come back to 5000 or prevailing value or it will still remain 12,000/- ?  meaning, the fact that once it was increased to 12,000 - will that have any bearing on subsequent levy upon the house again becoming self-occupied.

Thanks!