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.

 

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Realestate Listings for Property Tax Mumbai

Description : Semi furnished 2BHK Apartment for Sale in Kanakia Aroha, Borivali East, Mumbai for 1.22 Crores Presenting Kanakia Aroha, a brand new residential project, The last of its kind. Come se..
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Description : Manavsthal - a multi storied building offers 2 & 2.5 BHK well designed apartments, 2 levels of parking and a podium level with recreation facilities. The best of the amenities are being ..
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Description : Arkade Group is a leading real estate builder company based in Mumbai. The developer group is focused on residential, industrial and redevelopment activities. It constructs premium real ..
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Description : Bachraj Residency is a residential project in Virar, Mira Road and Beyond offering 1 and 2 BHK apartments. The project is designed with all modern amenities to cater the needs of the res..
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Description : Your dream to live beside sea is just not about concretes. It is an amalgamation of reality and imagination. Step into the exciting new dimension of living where your home amplifies the ..
Posted On: Jul 03, 2015
Description : At Lalani Grandeur, we have gone to great lengths in creating a feeling of warmth and tranquillity on every square foot of living area available. We believe every inch of space has to be..
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Description : Garden, Swimming Pool, Play Area, Health Facilities, Recreation Facilities, Maintenance Staff, Security, Intercom, Club House, Gymnasium, Bank/Atm, Basket Ball Court, Community Hall, Te..
Posted On: Jul 03, 2015
Description : Avant Heritage is a residential project developed by Avant Group. The project offers well designed 1BHK, 2BHK and 3BHK apartments at very affordable prices. The project is well connected..
Posted On: Jul 03, 2015
Description : Avant Heritage is a residential project developed by Avant Group. The project offers well designed 1BHK, 2BHK and 3BHK apartments at very affordable prices. The project is well connected..
Posted On: Jul 03, 2015
Description : hivam Imperial Heights, a residential concept of community living, is a widely spread residential project by Shivam Group. Shivam Group is India's premier real estate and infrastructure ..
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Articles related to Property Tax Mumbai

Posted On: Jul 02, 2015
just a short, tireless drive away. It's well-connected to both Mumbai and Bangalore. Kothrud, home
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emerged as the top 3 residential real estate markets offering affordable housing in the Mumbai The affordable budget for buying a house in Mumbai is taken to be up to Rs 60 lakh. Areas offering house in the last few years. The growth of residential real estate is fuelled by the high property prices in the western and eastern suburbs, and south Mumbai. Proximity and great connectivity Mumbai International Airport. Panvel is also
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taluk. But the property developments have mostly been taking place in the stretch between HSR of properties in the affordable, mid and luxury categories. Several big companies have invested



News and Stories related to Property Tax Mumbai

Posted On: Jul 02, 2015
just a short, tireless drive away. It's well-connected to both Mumbai and Bangalore. Kothrud, home
Posted On: Jun 30, 2015
long. While apartments clearly dominate the property-type in the city, independent houses in Bangalore
Posted On: Jun 28, 2015
It is an undeniable fact that property prices in the core areas of Mumbai are increasingly becoming dearer by the day. With demand for housing growing in the Mumbai Metropolitan Region (MMR ) , the property prices in several areas of MMR too are Creek. It lies strategically on the Mumbai-Pune Expressway and eastern side of Bangalore-Mumbai The upcoming Navi Mumbai metro in Panvel will provide metro connectivity to the area. - New Panvel
Posted On: Jun 28, 2015
emerged as the top 3 residential real estate markets offering affordable housing in the Mumbai The affordable budget for buying a house in Mumbai is taken to be up to Rs 60 lakh. Areas offering house in the last few years. The growth of residential real estate is fuelled by the high property prices in the western and eastern suburbs, and south Mumbai. Proximity and great connectivity Mumbai International Airport. Panvel is also
Posted On: Jun 23, 2015
taluk. But the property developments have mostly been taking place in the stretch between HSR of properties in the affordable, mid and luxury categories. Several big companies have invested

Apartment Projects for Property Tax Mumbai

Kanakia Sevens
Kurla Road, Marol, Andheri East, Mumbai, Maharashtra, INDIA.

Sheth Auris Serenity
Link Road, Malad West, Mumbai-400064, Maharashtra, INDIA.




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