Cap. 12 Art. 749Determination of value of immovable property, or of right in perpetuity to ground-rents, etc.

(1) Where the value of any immovable property is not determined in the manner stated in the last preceding article, such value is determined by the net amount of the rent of the last preceding year, multiplied by twenty-five.

(2) The rule prescribed in sub-article (1) shall also apply for the purpose of determining -

(a) the value of a right in perpetuity to ground-rents, annuities, or other yearly payments;

(b) the value of the thing in issue, in any action touching the revision of an emphyteutical grant in consequence of forfeiture or expiration.