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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.

 

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Realestate Listings for Property Tax Mumbai

Description : 1 BHK Flat with hall, kitchen, attached bathroom, 24 hrs water, parking facility & all basic amenities in very good location for Rent. . , Address : Borivali West,, Posted by : Owner..
Posted On: Aug 22, 2014
Description : 2 BHK Flat with hall, kitchen, dining, attached bathroom, 24 hrs water, parking facility & all basic amenities in very good location for Rent. . , Address : nearchrkap naka,malad,mumbai..
Posted On: Aug 22, 2014
Description : 2 BHK Villa with hall, kitchen, , attached bathroom, 24 hrs water, parking facility & all basic amenities in very good location for Rent. . , Address : badlapur mumbai,, Posted by : Own..
Posted On: Aug 22, 2014
Description : 1 BHK Flat with hall, kitchen, , attached bathroom, 24 hrs water, parking facility & all basic amenities in very good location for Rent. . , Address : Matunga, Thane, Posted by : Owner..
Posted On: Aug 22, 2014
Description : 2 BHK Flat with hall, kitchen attached bathroom, 24 hrs water, parking facility & all basic amenities in very good location for Rent. . , Address : Vasudev Planet,located in kanakia lay..
Posted On: Aug 22, 2014
, House : 2008, Posted by : Owner..
Posted On: Aug 22, 2014
Description : I am very much interested to renting my Residential Apartment with all amenities at a best monthly rent. Flat Details are :- 1 RK 270 sq.ft. 3 Floor Unfurnished Anybody interested, c..
Posted On: Aug 22, 2014
Description : 658 sq.ft., 1 BHK Residential Apartment for rent in Andheri(East), Mumbai. Apartment is in very good location and available with all common amenities. Genuine & serious customers only..
Posted On: Aug 22, 2014
Description : 1 BHK flat with area of 650 sq.ft. is available for Rent. Flat is in 6 floor and is in Kalyan(West), Mumbai. Its a Semi Furnished Flat. Rent: Rs.7,500/- per month Anybody interested,..
Posted On: Aug 22, 2014
Description : 1 BHK Flatwith Hall, kitchen, , attached bathroom, 24 hrs water, parking facility, all modern amenities & clear titles in very good location for Sale. . , Address : Jacob Circle, Mumba..
Posted On: Aug 22, 2014



Articles related to Property Tax Mumbai

Posted On: Aug 21, 2014
. This has resulted in the price hike of the residential and commercial properties in the city. The major all across the country have come and settled down here. They have bought properties in the city resulted in the property prices to residential properties. International property consultants Cushman & Wakefield have come up
Posted On: Aug 21, 2014
The data published by property consultancy firm Cushman & Wakefield brought some cheer as the commercial capital Mumbai and attracted the maximum PE investors. Led by high demand for office spaces as well as steady demand for residential properties,
Posted On: Aug 21, 2014
Development Council) in Mumbai. Sandhu also mentioned that s blueprint on affordable housing plan
Posted On: Aug 21, 2014
Development Council (NAREDCO) in Mumbai on Wednesday. It came up with some data which might work as an eye - The Times of India (Mumbai Edition)
Posted On: Aug 21, 2014
of approximately 1.6 million sq ft. Property consultants also said that the existing residential property rates



News and Stories related to Property Tax Mumbai

Posted On: Aug 21, 2014
. This has resulted in the price hike of the residential and commercial properties in the city. The major all across the country have come and settled down here. They have bought properties in the city resulted in the property prices to residential properties. International property consultants Cushman & Wakefield have come up
Posted On: Aug 21, 2014
The data published by property consultancy firm Cushman & Wakefield brought some cheer as the commercial capital Mumbai and attracted the maximum PE investors. Led by high demand for office spaces as well as steady demand for residential properties,
Posted On: Aug 21, 2014
Development Council) in Mumbai. Sandhu also mentioned that s blueprint on affordable housing plan
Posted On: Aug 21, 2014
Development Council (NAREDCO) in Mumbai on Wednesday. It came up with some data which might work as an eye - The Times of India (Mumbai Edition)
Posted On: Aug 21, 2014
of approximately 1.6 million sq ft. Property consultants also said that the existing residential property rates

Apartment Projects for Property Tax Mumbai

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

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




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