Hi...On the basis of property value, the percentage of tax imposition will be set. This percentage of tax will differ on different types of property. It will be decided on the basis of the type of property, its structure, cost of land, usage, cost of building and ratio of rent will also be considered
Hi balwinder..Tax on residential properties which includes independent houses is one percent. The tax for flat owners would be 0.75 percent. It is one percent if the property is self-occupied and two percent if rented out.