If land revenue is assessed as a fixed annual charge the amount thereof, and, if it is assessed in the form of prescribed rate, the average amount which, according to an estimate in writing approved by the State Government will be leviable annually shall not, in the case of any assessment circle exceed one-fourth of the estimated money value of the net assets of such assessment circle or in the case of special assessment on a category and class of sites of land put to non-agricultural use in an assessment circle or part thereof-
(a) exceed one-fourth of the estimated average net letting value;
(b) exceed two to four percent of average market value; or
(c) in the case of sites lying vacant and out of use, exceed one percent of average market value:
Provided that nothing contained in this section shall affect any assessment in force at the time of the commencement of this Act.]
General Assessments