Singapore legislation
Regulation 22
Regulation 22
Determining 2003 Master Plan Value of land
For the purpose of determining the 2003 Master Plan Value of any land which is the subject of a chargeable consent, the provisions in paragraphs 19, 20 and 21 apply subject to the following modifications:
(a)
any reference to the 2003 Master Plan Value as in 2003 of the land is instead a reference to the 2003 Master Plan Value of the land;
(b)
any reference to the 2003 DC Rules is instead a reference to the prevailing Table of Rates Regulations;
(c)
any reference to the rate and appropriate geographical sector under the 2003 DC Rules is instead a reference to the rate and appropriate geographical sector under the prevailing Table of Rates Regulations.