Given is the information related to a house:Municipal Value (M.V) Rs. 1,50,000Fair Rent Rs. 1,80,000Standard Rent Rs. 1,60,000Actual Rent Rs. 20,000 pm Municipal tax paid by owner is 20% of M.V. Unrealised rent Rs. 40,000 (conditions of rule 4 satisfied). What is the annual value of the house?

• A. Rs. 1,50,000
• B. Rs. 1,60,000
• C. Rs. 1,70,000
• D. Rs. 2,10,000