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.

 

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Realestate Listings for Property Tax Mumbai

Description : A 1BHK Residential flat is available for sale in Vile Parle East,Mumbai. , Address : Vile Parle East,Mumbai, Posted by : Owner..
Posted On: Oct 25, 2014
Description : The flat is on 2nd floor in RNA Suncity. The house is located in a prime area within the township in a very good society. Thakur Village is one of the most up market suburbs in Mumbai l..
Posted On: Oct 25, 2014
, House : A, Posted by : Owner..
Posted On: Oct 25, 2014
, House : A, Posted by : Owner..
Posted On: Oct 25, 2014
Description : 1bhk, newly renewed flat, 1st floor, B wing , old mahada counstructed bldg of 2001 , Ganga sagar chs , 7 stories bldg , Mahada hsg society, Near srushti complex & surya market/ apna Baza..
Posted On: Oct 25, 2014
Description : A 2BHK Residential Apartment for Sale in Parvati Niketan, Bhayander (West), Mira Road And Beyond,Mumbai. , Address : Bhayander (West), Mira Road And Beyond, Mumbai, Posted by : Owner..
Posted On: Oct 25, 2014
Description : 2bhk residential apartment available for sale with an area of 990sq. ft., which is located in Thakur Village the property is vaastu compliant. comes with modern amenities such as wi-Fi i..
Posted On: Oct 25, 2014
Description : A 2BHK house is available for sale in mahim, Central Mumbai suburbs, Mumbai. , Address : mahim, Central Mumbai suburbs, Mumbai, Posted by : Owner..
Posted On: Oct 25, 2014
Description : Mahavir darshan. B.P road near saibaba hospital. near to hospital,school,market. , House : 201, Address : Swami Narayan Mandir, B. P. Road, Bhayandar (East), Posted by : Owner..
Posted On: Oct 25, 2014
Description : Mhaskal, Near Titwala Temple Tal. Kalyan, Maharashtra � Total Area : 306 Gunthas Price: 3lakhs/guntha � Clear Title (7/12) � Great locations & Views � Partially fenced � ..
Posted On: Oct 25, 2014



Articles related to Property Tax Mumbai

Posted On: Oct 21, 2014
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The new tax rules seems unattractive to initiate selling of securities within 3 years billion property development in India. Market will have to put a minimum of Rs.2 lakh. The tax bill for starting REIT being likely to be more than to change certain rules like the tax costs which is likely the impact the returns that are offered to get tax exemption from capital gains, unlike the investment in others like the listed securities
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News and Stories related to Property Tax Mumbai

Posted On: Oct 21, 2014
property prices are key challenges. Out of network of 35,000 km in Delhi 12,000 km is with the PWD
Posted On: Oct 21, 2014
The new tax rules seems unattractive to initiate selling of securities within 3 years billion property development in India. Market will have to put a minimum of Rs.2 lakh. The tax bill for starting REIT being likely to be more than to change certain rules like the tax costs which is likely the impact the returns that are offered to get tax exemption from capital gains, unlike the investment in others like the listed securities
Posted On: Oct 21, 2014
Bio bins entry-exit points of Mumbai
Posted On: Oct 21, 2014
Hike in taxes No 17 park area in Faridabad Abhaypur
Posted On: Oct 21, 2014
Mumbai Properties real estate boom Floor-Wise Sanctioning of Building Plans No 17 park area in Faridabad CAGR net expansion

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.




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