I am interested in buying a 3bhk flat near katraj-kondwa road.Pls can you tell me what all extra charges are aplicable

Q: extra charges like service tax,VAT,registration fees etc.Property costs around 65lac.

Aniket Shah,

19th March 2015

Buying property in Kondhwa, Pune

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HI Aniket,
You can also calculate it by Manual calculation of property tax: If you are keen on calculating the property tax amount manually, then you can make use of the following formula:

Capital value = Base value x Built-up area x Use category x Type of building x Age factor x Floor factor
Property Tax = Capital value Rate of tax
As mentioned above, the capital value of the property can be found by referring the ready reckoner that is used to calculate stamp duty by the revenue department. The form with the details is available on the PMC website.

Ramdas Palsule, Pune

19th March 2015

Comment

At the same time you can get rebate on your property. The PMC offers special rebates in property tax for properties owned by women and ex-servicemen. It also offers 10% discount to tax payers who clear their property tax dues between April 1 and May 31st in the particular financial year (tax amount being not more than Rs.25000) and 5% discount for tax payers who pay between these dates (for whom the property tax amount exceeds Rs.25001).

Chandra Kantraut, Pune

19th March 2015

Hi Aniket,
If your property lies within Municipal Corporation boundary Stamp Duty-5% and Registration fees-1%, if it lies under within Municipal Council boundary Stamp Duty-4% and Registration fees-1% and within Gram Panchayat Boundary Stamp Duty-3% and and Registration Fees 1%.

Ramdas Palsule, Pune

19th March 2015

Comment

Hi,
The PMC offers an online calculator for the self-assessment of property tax. In this page, you need to enter your locality, area, usage, type and total plinth area to get the details of your property tax bill. A step-by-step guide for making payment is mentioned on the website of PMC.

Chandra Kantraut, Pune

19th March 2015

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