(1) The Municipal Valuation Committee shall recommend the classification of the vacant lands and buildings in any area of New Delhi into areas and groups of lands and buildings after taking into account all or any of the following parameters, namely:—
(a) settlement pattern such as plotted housing, group housing, colony with flats only, urban village, unauthorised colony, resettlement colony, rural village and non-residential areas;
(b) availability of civic and social infrastructure;
(c) access to roads;
(d) access to district centres, local shopping centres, convenience shopping centres, and other markets;
(e) land prices as may, from time to time, be notified by the Government or the Delhi Development Authority;
(f) use-wise category of any building including residential building, business building, mercantile building, building for recreation and sports purposes, industrial building, hazardous building and public purpose building including educational, medical and such other institutional building and farmhouse, as may be specified by the Council;
(g) in the case of buildings used for business, mercantile, recreation and sports, industrial, hazardous, storage or farmhouse purposes, the location of such buildings adjacent to such categories of streets, as may, subject to the provisions of sub-section (2), be specified by the Council;
(h) the types of buildings which may be classified as pucca, semi-pucca or katcha, as may be specified by the Council;
(i) the age-wise grouping of buildings as may be specified by the Council; and
(j) such other parameters as may be considered relevant by the Municipal Valuation Committee.
(2) The Municipal Valuation Committee shall recommend, group-wise,––
(a) the base unit area value of any owner-occupied vacant land, or any wholly owner-occupied building of pucca structure, constructed in the year 2025 or thereafter, and put to exclusive residential use; and
(b) the factor for increasing or decreasing, or for not increasing or decreasing, the base unit area values specified in clause (a), separately in respect of any or each of the parameters of type of area, use, age, type of structure and occupancy status of the vacant land or building, as the case may be, subject to a lower limit of zero point five and an upper limit of ten point zero.