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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 1 BHK Flat is available for sale in Nalasopara (West), Mira Road Mumbai.. , Address : Nalasopara (West), Mira Road And Beyond Mumbai., Posted by : Owner..
Posted On: Sep 02, 2014
Description : A 2 BHK semi furnished Individual House is available for sale at Gandhi Nagar , with good amenities like parking, ample water supply, good transportation and more. . , Address : Gand..
Posted On: Sep 02, 2014
Description : A 1RK is available for sale in Mira Road And Beyond, Mumbai with all basic amenities.. , Address : Nallasopara, Mira Road And Beyond, Mumbai, Posted by : Owner..
Posted On: Sep 02, 2014
Description : A 1BHK flat is available for sale in e-37 2nd floor ,r. no-19 raiteencasle mumbai-7 with all basic amenities.. , House : 37, Address : E-37 2nd floor ,Room No-19 Raiteen casle Mumbai-7..
Posted On: Sep 02, 2014
Description : Well connected and spacious apartment. Deluxe flat with French window 24 hours BMC water situated in a good location well connected to all required locations. It is situated on western E..
Posted On: Sep 02, 2014
, Posted by : Broker Agent Dealer..
Posted On: Sep 02, 2014
, Posted by : Broker Agent Dealer..
Posted On: Sep 02, 2014
, House : 009, Posted by : Broker Agent Dealer..
Posted On: Sep 02, 2014
Description : A unfurnished 1 BHK Residential Apartment Available For Sale At Bhayandar East, Mumbai. Marble Flooring, Address : Bhayandar East, Mumbai, Posted by : Owner..
Posted On: Sep 02, 2014



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Apartment Projects for Property Tax Mumbai

Sheth Auris Serenity
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Kanakia Sevens
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