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Guidelines of BMC property tax.
Q: Has the new guidelines have come up for BMC property tax?

property tax in mumbai
mumbai property tax
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Latest Answer: Around 81 % of the properties in Mumbai remain unaffected from the recent hike in property tax. Also, with the new capital value-based property tax system in place, many are unhappy regarding the same and many plan to contest in High Court. Further, for 27% of the residential properties in Mumbai, the tax bills have already been reduced as compared to the old rateable value-based system.
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Process and documents required to change of ownership/name in property tax records.
Q: What is the process and documents required to change of ownership/name in property tax records of BMC/MCGM? Please guide..

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property tax in mumbai
documents required to change ownership
Latest Answer: Hi Kaushik, I would suggest you to visit the the BMC office or MCGM ward office under whose jurisdiction your property comes and you can get all the forms and detailed procedure as per your needs.
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Info about VAT in Maharashtra to be paid to builder
Q: What percentage of pay should be paid to the builder as VAT?

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vat in maharashtra
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property tax in mumbai
Latest Answer: 1 % on Agreement Cost effective from April, 2010 / Service Tax 1/4 of 12.36 that is 3.09 % on Agreement Cost. Once you Registered your Agreement for Sale, you are liable to pay Vat & Service Tax. There is no Service Tax & Vat on Ready Possession Properties.
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