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Property Tax Mumbai

Property Tax Mumbai works on the Mumbai Provincial Municipal Corporation Act, 1949. In Mumbai city the owners need to file property tax returns annually. The property tax return form will ask for detailed information on the size of the property, its location, age of building etc. The Municipal Corporation of Greater Mumbai also known as Brihanmumbai Municipal Corporation (BMC) has its official website on property tax and is one of the richest corporation in India.

 

The property tax in Mumbai which was introduced in 1982 based on the rateable value system will change and New system will be based on capital value. It will be introduced in phases across the city. In the new capital value system, the value (a percentage of which will be the property tax) will be based on the actual property value. The figure will be mostly based on the stamp duty Ready Reckoner which the government brings out every year. Once the market value is decided, this market value will remain constant for 5 years.


The Mumbai city is divided into wards and property tax rates are fixed ward-wise by Mumbai Municipal Corporation.Bombay Municipal Corporation (BMC) Act is used to calculate property tax. According to this, property tax is calculated on the basis of the rent the property is likely to earn. Last year, the state government had issued an ordinance to facilitate the implementation of the capital value-based system for computing property tax. In the new capital value system, the value (a percentage of which will be the property tax) will be based on the actual value of the property. The figure will mostly be based on the stamp duty Ready Reckoner.

 

Tags: Property Tax Mumbai, Property Tax Mumbai 2010, Property Tax Mumbai MCGM, Property Tax Mumbai BMC, BMC Mumbai, Property Tax Mumbai Online payment, Mumbai Property Tax Rates, new capital value system,Property tax in Mumbai, Mumbai New Property tax, Mumbai Tax, Mumbai New Property tax Capital Value,


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Realestate Listings for Property Tax Mumbai

Description : A Semi Furnished 1 BHK Residential Apartment Available For Rent at Ambarnath, Mumbai. Marble Flooring , Address : Ambarnath, Mumbai, Posted by : Owner..
Posted On: Apr 23, 2014
, House : 17, Posted by : Owner..
Posted On: Apr 23, 2014
Description : Nahar Amrit Shakti, Chandivali Powai. , Address : Westend Building, Chandivili Farm Road, Powai, Mumbai, Maharashtra, INDIA, Posted by : Broker Agent Dealer..
Posted On: Apr 23, 2014
, House : 06, Posted by : Owner..
Posted On: Apr 23, 2014
Description : 1 bhk rent in mahalxmi area good and nice plays car parking is avl. 24 hrs water avl. lift and gad avl. very safety society 5 mint waking distance in mahalxmi station 5 mint waking dis..
Posted On: Apr 23, 2014
Description : Unfurnished 2BHK Apartment for Sale in Sun Srishti, Powai, Mumbai for 1.49 Crores. , House : 703, Address : Saki Vihar Road, Powai, Mumbai-400072, Maharashtra, INDIA., Posted by : Br..
Posted On: Apr 23, 2014
Description : 3.5BHK spacious Flat with Pool & Gym in Amogh Tower above Croma near PVR prime location of Juhu.. , Address : Juhu, Mumbai, Posted by : Broker Agent Dealer..
Posted On: Apr 23, 2014
Description : Semi Furnished 2BHK Apartment for Rent in Nahar Jonquille and Jamaica, Powai, Mumbai for Rs. 32,000 2bhk 970 sqft brand new Gardern facing flat for immediate rent in newly constructe..
Posted On: Apr 23, 2014
Description : Semi Furnished 2.5BHK Apartment for Rent in Nahar Amrit Shakti, Chandivali, Mumbai for Rs. 40,000. , House : 303, Address : Saki Vihar Road, Chandivali, Mumbai, Maharashtra, INDIA., P..
Posted On: Apr 23, 2014
Description : Semi Furnished 2BHK Apartment for Rent in Nahar Amrit Shakti, Chandivali, Mumbai for Rs. 40,000 Exclusive huge 1280sqft flat for rent in Lantana building of Nahar amrit shakti . Semif..
Posted On: Apr 23, 2014



Articles related to Property Tax Mumbai

Posted On: Apr 23, 2014
Slum Rehabilitation Authority Drainage system Home insurance Garbage dumping Invest on property Ahimsa Khand-II road rental apartments in Chennai fingerprints industrial units in Bangalore small developers Amarchand & Mangaldas how to apply for ration card online
Posted On: Apr 23, 2014
a high tax and stamp duty on the capital gains, some investors use the cash as a medium financial institutions can auction residential and commercial properties if borrowers have not made
Posted On: Apr 23, 2014
Budget 2010-11 Go green get tax rebate home loans cannot exceed 80 per cent Magarpatta City township Illegal Borewells Developers to pay Penalty DDA body wants drains not covered but landscaped Index of Industrial Production Towers KERC False promises by builder Akme Harmony Haryana Director General Pune real estate market Stray animals No 17 park area in Faridabad NH 24 Concepts of leading technology categorise potholes Sonia Gandhi delhi delhi ncr Prashant Nitnaware Physical inspections SP Tulsian Sptulsian.com Shela village
Posted On: Apr 23, 2014
crore township of 4,000 homes on the property off its properties to secure bail for its chief Subrata Roy as per the sources. Officials of HN
Posted On: Apr 23, 2014
. On the other hand in Mumbai the price . There have been selling by the institutional and the developers in the Mumbai space at lower prices. If you there is no downfall witnessed in the prices of residential segment in Mumbai. On the converse Institutional and the developers in the Mumbai have been selling space at lower prices. Here the prices are stagnant. In Mumbai, there has not been any fall in the real estate in the residential segment



News and Stories related to Property Tax Mumbai

Posted On: Apr 23, 2014
Slum Rehabilitation Authority Drainage system Home insurance Garbage dumping Invest on property Ahimsa Khand-II road rental apartments in Chennai fingerprints industrial units in Bangalore small developers Amarchand & Mangaldas how to apply for ration card online
Posted On: Apr 23, 2014
a high tax and stamp duty on the capital gains, some investors use the cash as a medium financial institutions can auction residential and commercial properties if borrowers have not made
Posted On: Apr 23, 2014
Budget 2010-11 Go green get tax rebate home loans cannot exceed 80 per cent Magarpatta City township Illegal Borewells Developers to pay Penalty DDA body wants drains not covered but landscaped Index of Industrial Production Towers KERC False promises by builder Akme Harmony Haryana Director General Pune real estate market Stray animals No 17 park area in Faridabad NH 24 Concepts of leading technology categorise potholes Sonia Gandhi delhi delhi ncr Prashant Nitnaware Physical inspections SP Tulsian Sptulsian.com Shela village
Posted On: Apr 23, 2014
crore township of 4,000 homes on the property off its properties to secure bail for its chief Subrata Roy as per the sources. Officials of HN
Posted On: Apr 23, 2014
. On the other hand in Mumbai the price . There have been selling by the institutional and the developers in the Mumbai space at lower prices. If you there is no downfall witnessed in the prices of residential segment in Mumbai. On the converse Institutional and the developers in the Mumbai have been selling space at lower prices. Here the prices are stagnant. In Mumbai, there has not been any fall in the real estate in the residential segment

Apartment Projects for Property Tax Mumbai

Sheth Auris Serenity
Link Road, Malad West, Mumbai-400064, Maharashtra, INDIA.

Kanakia Sevens
Marol, Andheri East, Mumbai, Maharashtra, INDIA.