Supreme Court Upholds Tenant's Interpretation of 'Cost of Construction' Under Madras Rent Control Act — Original Construction Cost Prevails Over Market Value. The expression 'cost of construction' in Section 4(3)(b)(i) of the Madras Buildings (Lease & Rent Control) Act, 1960, denotes the original cost of construction, not the market value at the time of enactment, rendering the prescribed rules inconsistent.
18 Aug 1969The case involved the interpretation of the Madras Buildings (Lease & Rent Control) Act, 1960, specifically the determination of fair rent for a non-r...
