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Real Estate Forum on Calculation Of Property Tax

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Q: I want to know the rates and other details for fixing the stamp duty & registration of a flat in Navi Mumbai

Latest Answer: Hi, I heard that stamp duty is given up for transferring property in Navi Mumbai to close relatives. Is this already effective or is it still 2%?
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Q: On what basis is property tax calculated?
Latest Answer: Property tax is mainly calculated after checking the value of the property. The term used for this is called as ad valorem. The tax will change automatically if there in any change in the value of the property. Property tax can also be calculated by other means. It can be calculated on fixed amount for every acre or housing unit. Tax is levied on both real and personal properties.
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