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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 : A 2 bhk flat for sale in mumbai . , Address : Gautam Darshan, 7 Bunglow, Mumbai Andheri-Dahisar, Posted by : Owner..
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Description : Kalpataru Radiance is a premium residential property in Mumbai with signature towers located in the heart of Goregaon West. With easy access to the Western Express Highway, commercial hu..
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, Posted by : Broker Agent Dealer..
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Description : A 2BHK is Available Open Car Parking Slot available on payment of Rs. 400/- pm extra directly to society. . , House : 520, Address : Poonam Nagar, Andheri (E), Mumbai - 400 093 (Off Jog..
Posted On: Sep 16, 2014
Description : A 1BHK APARTMENT FOR SALE IN PALGHAR MUMBAI . , Address : Nakshtra, Opp. Dandekar College, Tembhorde, Palghar mumbai, Posted by : Owner..
Posted On: Sep 16, 2014
Description : Welcome to Parinee. A company driven by passion to create iconic developments that bear the mark of flawless construction, exemplifying outstanding sense of planning and design in all it..
Posted On: Sep 16, 2014
Description : Garden facing,on 6th floor,well maintained flat to be given on rent.Deposit of Rs.1,00,000/- refundable. , Address : Next Holy Cross Hospital, Mahakali Caves Road, Andheri East, Mumbai-..
Posted On: Sep 16, 2014
Description : Unfurnished 3BHK Apartment for Sale in Indiabulls Blu, Worli, Mumbai for 10.45 Crores Blu is 10 acres of gated luxury, beauty and bustling activity. The Blu distinction in design is ..
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Articles related to Property Tax Mumbai

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News and Stories related to Property Tax Mumbai

Posted On: Sep 16, 2014
Realty News revise property tax every five years Green Signal To Widen Mehkri Circle Road Existing Customers Export of Endosulfan Railway ministry Dirham CRZ Notification HIG Air India Ltd
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Bangalore-based property firm , muscled out other bidders Panchshil Realty and global investor
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Realty News NRI can remit $1 million Residential price index Long-term commercial loans SCADA properties in vishakhapatnam increase in labour cost
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period last year, the second half of the current calendar year will show a revival. Mumbai
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top six cities - Mumbai , NCR , Bengaluru , Pune , Chennai and Hyderabad . Chennai and Bengaluru , Hyderabad, Pune and Mumbai are expected to post the for Mumbai. Unlike residential markets, where prices the weighted average rental value, compared to the rest of the cities. While rents in Mumbai

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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