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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 Borivali East, mumbai. Marble Flooring , Address : Borivali East, mumbai, Posted by : Owner..
Posted On: Apr 20, 2014
, Posted by : Broker Agent Dealer..
Posted On: Apr 20, 2014
, Posted by : Broker Agent Dealer..
Posted On: Apr 20, 2014
, Posted by : Broker Agent Dealer..
Posted On: Apr 20, 2014
, Posted by : Broker Agent Dealer..
Posted On: Apr 20, 2014
, Posted by : Broker Agent Dealer..
Posted On: Apr 20, 2014
, Posted by : Broker Agent Dealer..
Posted On: Apr 20, 2014
, Posted by : Broker Agent Dealer..
Posted On: Apr 20, 2014
Description : 9 stories tower,15 minute walking distance from station, cctv,intercom,vedio door,jogging track,children play area,gym, modularkichen,nearbyschool,college,hospital,bank,atm,market,temple..
Posted On: Apr 20, 2014



Articles related to Property Tax Mumbai

Posted On: Apr 20, 2014
real estate in india Real Estate Trend Investment Real Estate Home buyers Property in India prospective home buyers tier iii cities smart homes luxurious projects ultra-modern amenities
Posted On: Apr 19, 2014
Metro stations at Asalfa Mumbai commuters Judgement against builder Indian Bankers Association (IBA) housing for LIG P P Vakharia Banking licence Metals Mining Gandhi Dham
Posted On: Apr 19, 2014
to rationalise property rates in the Capital. Circle rates were likely to go up by 20 per cent to 60 per cent , as there is no government in place. But first, the Finance department has to give its concurrence. To register a property property prices set by the government. From registration fees and stamp duties that are not paid actual value of a sold property is much more than shown officially. Source: Indian Express
Posted On: Apr 19, 2014
Angeles, London, Tokyo, Shanghai and Beijing make perfect economic sense. He adds that property values
Posted On: Apr 18, 2014
Realty News Twitter Annual accounts ASK Property Investment Advisor monitor contractor's work lakh acres of land road construction at nolambur Jaipur projects Bimal Jalan Atul Nemade IT-BPO sectors Nagawara flyover Sarvajnanangar MLA K J George T Sham Bhatt Social and Cultural Association commercial real estate investment mumbai real estate rank sbi capital future



News and Stories related to Property Tax Mumbai

Posted On: Apr 20, 2014
real estate in india Real Estate Trend Investment Real Estate Home buyers Property in India prospective home buyers tier iii cities smart homes luxurious projects ultra-modern amenities
Posted On: Apr 19, 2014
Metro stations at Asalfa Mumbai commuters Judgement against builder Indian Bankers Association (IBA) housing for LIG P P Vakharia Banking licence Metals Mining Gandhi Dham
Posted On: Apr 19, 2014
to rationalise property rates in the Capital. Circle rates were likely to go up by 20 per cent to 60 per cent , as there is no government in place. But first, the Finance department has to give its concurrence. To register a property property prices set by the government. From registration fees and stamp duties that are not paid actual value of a sold property is much more than shown officially. Source: Indian Express
Posted On: Apr 19, 2014
Angeles, London, Tokyo, Shanghai and Beijing make perfect economic sense. He adds that property values
Posted On: Apr 18, 2014
Realty News Twitter Annual accounts ASK Property Investment Advisor monitor contractor's work lakh acres of land road construction at nolambur Jaipur projects Bimal Jalan Atul Nemade IT-BPO sectors Nagawara flyover Sarvajnanangar MLA K J George T Sham Bhatt Social and Cultural Association commercial real estate investment mumbai real estate rank sbi capital future

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.