Give us your feedback
×

We would like to take just 2 seconds of your time for your valuable feedback! It will help us to improve your experience.

How likely are you to recommend CommonFloor.com to your friends, colleagues or relatives?

Least Likely
1
2
3
4
5
6
7
8
9
10
Definitely

Submit
Cancel

Please select how likely you are to recommend CommonFloor.

Thanks!
×

We are glad to know that CommonFloor.com has helped you in your property search and other real estate needs!

Please do provide us more feedback at contactus@commonfloor.com so that we can improve and serve you better.

We appreciate your feedback on CommonFloor.com! We are working hard to improve ourselves and serve you better.

It will be great if you can send us detailed feedback about your experience at contactus@commonfloor.com

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,


Looking for Buying or Renting Property?
Post your Requirement

Realestate Listings for Property Tax Mumbai

Description : A Semi Furnished 2 BHK Residential Apartment Is Available For Sale At Mira Bhayandar,Mumbai. Tiles Floor , Address : Mira Bhayandar,Mumbai, Posted by : Owner..
Posted On: Jul 22, 2014
, Posted by : Broker Agent Dealer..
Posted On: Jul 22, 2014
, Posted by : Broker Agent Dealer..
Posted On: Jul 22, 2014
Description : A Semi-Furnished 2 BHK Residential Apartment is Available for Rent at Andheri East,Mumbai. Marble Floor , Address : Andheri East,Mumbai, Posted by : Owner..
Posted On: Jul 22, 2014
Description : A 2BHK flat is available for sale in Arihant Tower, Mira Road, Mumbai with all basic amenities.. , Address : Arihant Tower, Mira Road, Mumbai, Posted by : Owner..
Posted On: Jul 22, 2014
Description : A Semi-Furnished 2 BHK Residential Apartment is Available for Rent at Chandivali,Mumbai. Vitrified Tiles Floor, Address : Chandivali,Mumbai, Posted by : Owner..
Posted On: Jul 22, 2014
, Posted by : Broker Agent Dealer..
Posted On: Jul 22, 2014
, Posted by : Broker Agent Dealer..
Posted On: Jul 22, 2014
Description : A Furnished 2 BHK Residential Apartment is Available for Rent at Jamaica,Andheri East,Mumbai. Vitrified Tiles Floor, Address : Jamaica,Andheri East,Mumbai, Posted by : Owner..
Posted On: Jul 22, 2014
Description : Located at Matheran Foothills between the sparkling river Poshir and holiday destination Matheran, Xrbia Warai is just a short drive from Mumbai The newly inaugurated highway from Pan..
Posted On: Jul 22, 2014



Articles related to Property Tax Mumbai

Posted On: Jul 21, 2014
Realty News new property tax structure Technical advisory committee Peninsula Land New tubewell Ahimsa Khand-II road Gwalior
Posted On: Jul 21, 2014
The Mumbai Transformation Support Unit or MTSU which is a state government think thank recommended will be able to cut down the rise in traffic problems in Mumbai . The plan has been made increased in Mumbai. The Mumbai Transformation Support Unit has zeroed in on the design during
Posted On: Jul 21, 2014
Bill,Income Tax Act
Posted On: Jul 21, 2014
Realty News Equity Microtek high of bombay New Delhi Station Dwarka Sector 21 elevated roads in Velachery improving Infrastructure in velachery enquiries Cushman&Wakefield Viet Nam fourth quarter Grade A Research Valuation commercial property news in india property news in india real estate news in india Michael Holland foreign investments in smaller cities
Posted On: Jul 21, 2014
27 SEZ developers like DLF Info Park, Navi Mumbai SEZ and Gulf Oil Corp has asked for special the project include minimum alternate tax and increase in the dividend distribution tax that has been imposed by the government on SEZ developers tax incentives that have been available by the tax that has been proposed by Direct Taxes code



News and Stories related to Property Tax Mumbai

Posted On: Jul 21, 2014
Realty News new property tax structure Technical advisory committee Peninsula Land New tubewell Ahimsa Khand-II road Gwalior
Posted On: Jul 21, 2014
The Mumbai Transformation Support Unit or MTSU which is a state government think thank recommended will be able to cut down the rise in traffic problems in Mumbai . The plan has been made increased in Mumbai. The Mumbai Transformation Support Unit has zeroed in on the design during
Posted On: Jul 21, 2014
Bill,Income Tax Act
Posted On: Jul 21, 2014
Realty News Equity Microtek high of bombay New Delhi Station Dwarka Sector 21 elevated roads in Velachery improving Infrastructure in velachery enquiries Cushman&Wakefield Viet Nam fourth quarter Grade A Research Valuation commercial property news in india property news in india real estate news in india Michael Holland foreign investments in smaller cities
Posted On: Jul 21, 2014
27 SEZ developers like DLF Info Park, Navi Mumbai SEZ and Gulf Oil Corp has asked for special the project include minimum alternate tax and increase in the dividend distribution tax that has been imposed by the government on SEZ developers tax incentives that have been available by the tax that has been proposed by Direct Taxes code

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.




CommonFloor Property Search Mobile App now available on Android, iOS and Windows!