Property tax calculation for thane

Q: Just wanted to check how is property tax calculated for a 4000 sq ft warehouse in Thane where the outer structure is RCC and is covered by asbestos sheet. If it is on rental is there an extra property tax to be paid based on teh amount of teh rent received. For example if we get rent of 40000 per month what would be the property tax annualy

Amit Aherwar,

8th February 2018

Property Tax in Thane

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how to calculate property tax in mumbai?

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how to calculate property tax in thane?

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Hello Amit,
Property tax in Thane can be calculated with the help of the following method (Capital value-based system) Capital value Base value x Carpet area x Use category x Type of building x Age factor x Floor factor.
Property tax once fixed, will not be revised for 5 years and after that, the increase will be restricted to 40 percent. Residential units with greater than 500 sqft carpet area will pay twice the old tax or tax calculated by new system Residential units with less than 500 sqft carpet area will pay taxes as per old system. For more details visit the TMC site. Here is the website which will help you to calculate your property tax:- http://cvs.mcgm.gov.in:7001/MCGM_CVS/

Purva Parundekar, Mumbai

9th February 2018

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The link provided does not work andIi do not understand what do you mean by Capital value base value.Mine is a commercial property and I have rented it out. Can you help me calculate the same as I have been informed that I will have to pay 40% of the rent that I received monthly to the TMC.

Amit Aherwar,

12th February 2018

Hi purva.. Is there a way I can contact you as I need help on this calculation on urgent basis

Amit Aherwar,

27th December 2018