Hi Neeraj and Vasanth..ii will tell you the difference...as per the carpet area based property tax formula, a person living in Jamnagar pays Rs 4,058 for a self owned 1,000 square feet apartment in a posh area which is under 10 years of age. While for the same apartment, a person living in Jamnagar will have to pay Rs 6,200 as per the old taxation assessment formula. It will be Rs 2,040 in Surat and Rs 2,734 in Ahmedabad.
Hi Chanda...there is difference in the property value in various cities due to lack of resources. Jamnagar recorded the highest proposal of hike in residential property tax rates while Junagarh recorded the highest proposal of hike in commercial property tax rates in the state
Hi Chandan...Rajkot is the only single city in Gujarat where properties are being assessed by old taxation assessment formula. Other all cities follow the new formula.