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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 : nice plot. , Address : Near Thane hIGHWAY ROaAD Mumba, Posted by : Owner..
Posted On: Jul 31, 2014
Description : nice plot. , Address : Bhiwandi, Posted by : Owner..
Posted On: Jul 31, 2014
Description : 1450 sq.ft., 3 BHK Residential Apartment for rent in ***. Apartment is in very good location and available with all common amenities. Genuine & serious customers only. Brokers Excuse..
Posted On: Jul 31, 2014
Description : sq.ft., *** BHK Residential Apartment for rent in ***. Apartment is in very good location and available with all common amenities. Genuine & serious customers only. Brokers Excuse. ..
Posted On: Jul 31, 2014
Description : 1225 sq.ft., 2 BHK Residential Apartment for rent in ***. Apartment is in very good location and available with all common amenities. Genuine & serious customers only. Brokers Excuse..
Posted On: Jul 31, 2014
, House : 204, Posted by : Broker Agent Dealer..
Posted On: Jul 31, 2014
Description : A 1 RK House in Chawl is available for sale in Kandivali west - Mumbai with all basic amenities. , Address : Kandivali west - Mumbai, Posted by : Owner..
Posted On: Jul 31, 2014
Description : 1425 sq.ft., 3 BHK Residential Apartment for rent in ***. Apartment is in very good location and available with all common amenities. Genuine & serious customers only. Brokers Excuse..
Posted On: Jul 31, 2014
Description : sq.ft., *** BHK Residential Apartment for rent in ***. Apartment is in very good location and available with all common amenities. Genuine & serious customers only. Brokers Excuse. ..
Posted On: Jul 31, 2014
, House : 1103, Posted by : Broker Agent Dealer..
Posted On: Jul 31, 2014



Articles related to Property Tax Mumbai

Posted On: Jul 30, 2014
that the business confidence is likely to improve, and many developers like DLF, Unitech, Godrej Properties at property consultant Cushman & Wakefield (C & W) stated that the increase in office absorption has delayed by over two-three years with developers slowing down construction across cities like Mumbai of demand in the commercial property sector, real estate giants like DLF and Mantri Developers were
Posted On: Jul 30, 2014
halt and real estate PE funds are raising the funds to buy the unsold properties at lower than there is a loss due to the number of months which the ready to move in property was lying unsold
Posted On: Jul 30, 2014
offices now. Flipkart, promoted by Flipkart India Pvt. Ltd, has hired property consultant Jones Lang
Posted On: Jul 30, 2014
Realty News Budget 2010-11 Rajarhat New Town MCG commissioner property registrations decreased in Ernakulam 69660 buildings in the Karol Bagh Zone Air India integration issues
Posted On: Jul 30, 2014
Realty News Property Identification Data (PID) Siroya Developers government policies for real estate sector Union forest ministry refuses to give NOC to widen highway News for AAI plans to come up with model Premia Structures Ltd Chairman of home loan major HDFC Deepak Parekh Modi government had promised to reduce the red- tapism involved in the housing projects attractive property destination in Hyderabad



News and Stories related to Property Tax Mumbai

Posted On: Jul 30, 2014
that the business confidence is likely to improve, and many developers like DLF, Unitech, Godrej Properties at property consultant Cushman & Wakefield (C & W) stated that the increase in office absorption has delayed by over two-three years with developers slowing down construction across cities like Mumbai of demand in the commercial property sector, real estate giants like DLF and Mantri Developers were
Posted On: Jul 30, 2014
halt and real estate PE funds are raising the funds to buy the unsold properties at lower than there is a loss due to the number of months which the ready to move in property was lying unsold
Posted On: Jul 30, 2014
offices now. Flipkart, promoted by Flipkart India Pvt. Ltd, has hired property consultant Jones Lang
Posted On: Jul 30, 2014
Realty News Budget 2010-11 Rajarhat New Town MCG commissioner property registrations decreased in Ernakulam 69660 buildings in the Karol Bagh Zone Air India integration issues
Posted On: Jul 30, 2014
Realty News Property Identification Data (PID) Siroya Developers government policies for real estate sector Union forest ministry refuses to give NOC to widen highway News for AAI plans to come up with model Premia Structures Ltd Chairman of home loan major HDFC Deepak Parekh Modi government had promised to reduce the red- tapism involved in the housing projects attractive property destination in Hyderabad

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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