First, f the property is self occupied, calculation is based on the rental value of similar properties in the same locality. Secondly Tenanted property, calculation is based on the Monthly Rental Value (MRV) as stated in the rental agreement. GHMC adopts a slab rate of taxation for residential properties. You can click the link provided to get more information about Know all about Property Tax in Hyderabad
Hey Rao, You have to get in touch with some legal expert who are dealing with property tax as there is no latest info available regarding property tax.