Property Tax - Kochi corporation

Q: Hi friends, any one know the property tax slab of Kochi corporation? i need it for residential calculation.

Gibin Jose,

19th February 2015

Property Tax in Kochi

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Kochi Property Tax Property Tax in Kochi

Replies (14)

I think that actually, the property tax has to be revised every 5 years, no. This is only done here last 2013. Before that it was done 20 years before. Let it be. for getting an idea about the calculation of property prices, I think this article by commonfloor.com about bangalore property will be helpful for you. Online Property Tax Calculation for Bangalore property

Rajiv Unnithan, Kochi

6th March 2015

Comment

Exactly..I also think that this has been a bit too harsh. In hotels, I think almost 35% of the area is public area, including verandas, toilets, and so on. Instead of fixing tax on the plinth area basis, they should have affected a certain increase to the present tax regime.

Naresh Valiathan, Kochi

4th March 2015

Comment

I personally think that the revised plan is good for residential buildings, but for the commercial buildings this plan is a blow actually. And, the new plan suggests that the owners of the commercial spaces should also pay tax for the public area also. I dont know, how that is possible.

Vivek Varrier, Kochi

3rd March 2015

Comment

Be careful while providing the data of your building for tax collection. Tax for each building will be decided on self assessed form. But, before collecting the tax, the authorities will cross check the data that you provide. In case someone has given a false information, then, there will be strong action against them from the corporation's part.

Rajesh Menon, Kochi

2nd March 2015

Comment

For implementing the tax collection in a better way, the corporation has issued new building numbers and updated the data of buildings that are in the limits. I think that process is completed and the tax collection in the new system is being done now.

Maria Nair, Kochi

1st March 2015

Comment

Actually, I got to know that in order to implement the plinth area based tax system, the total area is divided into 3 zones- Primary, Secondary, and Tertiary. There will be no tax concession for the buildings in the primary area. In secondary area, the buildings will get 10% concession and tertiary sector buildings will get 20% concession for tax.

Allen George, Kochi

28th February 2015

Comment

I think there is some concession for buildings to pay tax according to their age. But, there is no concession for the building which is less than 10 year old. For the building that has 10 to 25 years, the concession will be 10%. I came to know that this concession will be 20% for the building in the 25 to 50 years and 50% for the buildings that are above 50 years.

Krishna gowda, Kochi

28th February 2015

Comment

Hey, for the case of houses, I think that there is no extra charge that they are levying in case if the house does not have road connectivity or road width with 1.5 metre or below. But, if the road width is between 1.51 metre and 5 metre, an additional 10 % will also be charged. For connecting roads which have more than 5 metres, the owner will have to pay 20% extra.

Ganesh Nambiar, Kochi

28th February 2015

Comment

As far as I know, for commercial buildings, the minimum tax per square metre is also fixed at rs. 90 per square metre. This rate will also depend on the area of the property. If you have a commercial property in the main areas of the city, like Marine Drive, or Kadavanthra, then you might have to pay more than those who have property in Thevara, or Chalikkavattom.

Micheal George, Kochi

27th February 2015

Comment

I came to know that a residential building with 250 square metre and above will have to pay 15% extra as tax if the flooring is made from luxury tiles and marbles. other than this, 10% will also be charged for the buildings if they have centralized air conditioning facility.

Sreekutty Nair, Kochi

27th February 2015

Comment

Exactly, for buildings in each area, the Corporation of Kochi had a different annual rent value. In the new system, the tax amount will vary depending on roofing, flooring, age of the building and the road connectivity and such factors.

Sathish Menon, Kochi

26th February 2015

Comment

Yeah..the old method of tax calculation was called the rental value-based system. In this system, the building owners had to pay 15% of the annual rental value of the building to the corporation as tax. This amount is actually decided by the corporation.

Krishnan Nair, Kochi

25th February 2015

Comment

You know, this tax revision for property tax for commercial and residential buildings in Kochi city is done recently almost after 20 years gap. I think the corporation's annual levy from the property tax is around Rs. 80 Crores, as per the information that I got.

Ayesha Bibi, Kochi

24th February 2015

Comment

Hi Gibin, as far as I know, the latest plinth-area based tax system divides the buildings into those for residential and commercial purposes. As yours is for residential purpose, I would like to tell you that the tax would be Rs. 20 per square metre as per the revised plans.

David Oomen Mathews, Kochi

23rd February 2015

Comment

Hey, David. Can I know what all things are there in determining the property tax. Can I get to know more about the new tax system both commercial and residential?

Rajeev Narayanan, Kochi

23rd February 2015