Property Tax Mumbai

Property Tax Mumbai works on the Mumbai Provincial Municipal Corporation Act, 1949. In Mumbai city the owners need to file property tax returns annually. The property tax return form will ask for detailed information on the size of the property, its location, age of building etc. The Municipal Corporation of Greater Mumbai also known as Brihanmumbai Municipal Corporation (BMC) has its official website on property tax and is one of the richest corporation in India.

 

The property tax in Mumbai which was introduced in 1982 based on the rateable value system will change and New system will be based on capital value. It will be introduced in phases across the city. In the new capital value system, the value (a percentage of which will be the property tax) will be based on the actual property value. The figure will be mostly based on the stamp duty Ready Reckoner which the government brings out every year. Once the market value is decided, this market value will remain constant for 5 years.


The Mumbai city is divided into wards and property tax rates are fixed ward-wise by Mumbai Municipal Corporation.Bombay Municipal Corporation (BMC) Act is used to calculate property tax. According to this, property tax is calculated on the basis of the rent the property is likely to earn. Last year, the state government had issued an ordinance to facilitate the implementation of the capital value-based system for computing property tax. In the new capital value system, the value (a percentage of which will be the property tax) will be based on the actual value of the property. The figure will mostly be based on the stamp duty Ready Reckoner.

 

Tags: Property Tax Mumbai, Property Tax Mumbai 2010, Property Tax Mumbai MCGM, Property Tax Mumbai BMC, BMC Mumbai, Property Tax Mumbai Online payment, Mumbai Property Tax Rates, new capital value system,Property tax in Mumbai, Mumbai New Property tax, Mumbai Tax, Mumbai New Property tax Capital Value,


Looking for Buying or Renting Property?
Post your Requirement

Realestate Listings for Property Tax Mumbai

Description : If required furnished can be done pls contact . , Address : Ketkipada, Dahisar East, Mumbai, Maharashtra 400068, India, Posted by : Owner..
Posted On: Jun 23, 2017
, Posted by : Broker Agent Dealer..
Posted On: Jun 23, 2017
Description : One of the best property available for sale. Good opportunity to invest and to live also.. , Address : Survey No. 43 1-43, Near Karjat Railway Station, Off Karjat Chowk Road, Bhisegaon,..
Posted On: Jun 23, 2017
Description : One of the best property available for sale. Good opportunity to invest and to live also.. , Address : Survey No. 43 1-43, Near Karjat Railway Station, Off Karjat Chowk Road, Bhisegaon,..
Posted On: Jun 23, 2017
Description : One of the best property available for sale. Good opportunity to invest and to live also.. , Address : Parsi Colony, Dadar East, Mumbai, Maharashtra, INDIA., Posted by : Builder..
Posted On: Jun 23, 2017
, Posted by : Broker Agent Dealer..
Posted On: Jun 23, 2017
, Posted by : Broker Agent Dealer..
Posted On: Jun 23, 2017
, Posted by : Broker Agent Dealer..
Posted On: Jun 23, 2017
, Posted by : Broker Agent Dealer..
Posted On: Jun 23, 2017
, Posted by : Broker Agent Dealer..
Posted On: Jun 23, 2017



Articles related to Property Tax Mumbai

Posted On: Jun 20, 2017
as these are only available for the property arrangement of only 20 per cent of total cost of the property while for plots it could be sometimes be as high deed from architect/engineer for the property to be purchased, and title deeds, including the previous chain of the property documents in resale cases
Posted On: Jun 20, 2017
An essential legal document to look for when buying a property, a completion certificate adhered to during the construction of the building. If you are buying a property, ensure that you
Posted On: Jun 20, 2017
documents for the Property. What happens if the seller 'defaults' the agreement? Are there any clauses
Posted On: Jun 19, 2017
, the sale agreement is an important document that he will need during the process of purchasing a property are the excerpts of the discussion. Are there different types of agreement for different property type: plots the Builder & the First Owner of the Property)
Posted On: Jun 19, 2017
family needs and shortlist properties accordingly. If you are making the purchase for the purpose of investment, shortlist properties with a great Property If you are going to live in the house along with your family, ensure that it is close ; monorail connectivity, flyovers and IT parks to name a few. Property Price: Compare Options Before you buy properties in the area. An important decision you'll have to make is whether to buy an under



News and Stories related to Property Tax Mumbai

Posted On: Jun 20, 2017
as these are only available for the property arrangement of only 20 per cent of total cost of the property while for plots it could be sometimes be as high deed from architect/engineer for the property to be purchased, and title deeds, including the previous chain of the property documents in resale cases
Posted On: Jun 20, 2017
An essential legal document to look for when buying a property, a completion certificate adhered to during the construction of the building. If you are buying a property, ensure that you
Posted On: Jun 20, 2017
documents for the Property. What happens if the seller 'defaults' the agreement? Are there any clauses
Posted On: Jun 19, 2017
, the sale agreement is an important document that he will need during the process of purchasing a property are the excerpts of the discussion. Are there different types of agreement for different property type: plots the Builder & the First Owner of the Property)
Posted On: Jun 19, 2017
family needs and shortlist properties accordingly. If you are making the purchase for the purpose of investment, shortlist properties with a great Property If you are going to live in the house along with your family, ensure that it is close ; monorail connectivity, flyovers and IT parks to name a few. Property Price: Compare Options Before you buy properties in the area. An important decision you'll have to make is whether to buy an under

Apartment Projects for Property Tax Mumbai

Lodha World One
Shankar Rao Naram Path, Upper Worli, Mumbai, Maharashtra, INDIA.

Poddar Aspire
Chinchpada Gaon, Kalyan East, Mumbai, Maharashtra, INDIA.

Satras Eastern Heights
Municipal Kamgar Vasahat, P.L.Lokhande Marg, Upper Chembur, Mumbai, INDIA

Lodha New Cuffe Parade
Sewri - Chembur Road, Wadala East, Mumbai, Maharashtra, INDIA.

Raunak City
Near Don Bosco School, Kalyan West, Kalyan, Mumbai, Maharashtra, INDIA.

Kanakia Levels
Rani Sati Marg, Malad East, Mumbai, Maharashtra, INDIA.

Raheja Reflections Eternity
Off. Western Express Highway, Thakur Village, Kandivali East, Mumbai, Maharashtra, INDIA.




CommonFloor Property Search Mobile App now available on Android, iOS and Windows!