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 : House available for sale, as he has moved to larger premises.. , House : 303, Address : 43 A manish nagar Mumbai, Maharashtra, INDIA, Posted by : Owner..
Posted On: Aug 29, 2015
Description : A 1RK Apartment is for Sale with Built Up Area 360 sq ft , Unfurnished , Vitrified Flooring, Covered 2 wheeler parking. . , House : 003, Address : Desle Pada, Dombivli East, Mumbai, M..
Posted On: Aug 29, 2015
Description : A 1BHK Apartment is for Sale with Built Up Area 550 sq ft , Unfurnished , Vitrified Flooring, Covered 2 wheeler parking. . , House : 005, Address : Desle Pada, Dombivli East, Mumbai, ..
Posted On: Aug 29, 2015
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Posted On: Aug 29, 2015
Description : A 1BHK Apartment is for Sale with Built Up Area 600 sq ft , Unfurnished , Vitrified Flooring, Covered Car parking. . , House : 103, Address : Near Rahul International School,Sai Krupa C..
Posted On: Aug 29, 2015
Description : This one is special, uncommon and rare, indeed! An apartment at the very own, famous DIAMOND GARDEN LOCATION, sprawling apartment next to the k star mall. East facing, for that first mor..
Posted On: Aug 29, 2015
Description : A 1BHK Apartment is for Sale with Built Up Area 550 sq ft , Unfurnished , Vitrified Flooring, Covered Car parking. . , House : 102, Address : Near Rahul International School,Sai Krupa C..
Posted On: Aug 29, 2015
Description : Fully Furnished 1BHK Apartment for Rent in Chembur, Mumbai for Rs. 27,000 Offering impeccable 1 bhk - FULLY FURNISHED, value options at all category A, top locations in chembur. Be re..
Posted On: Aug 29, 2015
Description : A 1BHK Apartment is for Sale with Built Up Area 480 sq ft , Unfurnished , Vitrified Flooring, Covered Car parking. . , House : 101, Address : Near Rahul International School,Sai Krupa C..
Posted On: Aug 29, 2015



Articles related to Property Tax Mumbai

Posted On: Aug 27, 2015
, Sagar, Gwalior 20 Maharashtra Greater Mumbai, Navi Mumbai, Thane, Nashik, Solapur, Nagpur, Amravati, Pune, Aurangabad, Kalyan-Dombivli 21 Manipur
Posted On: Aug 12, 2015
constructed area is considered for calculating the total property value. III. Service Tax and Value Added Tax the under-construction properties. Service Tax is decided by the central government while the VAT If you are planning to buy an under-construction property, it is imperative that you know by the total area of the property will just understand each of the costs in your property.
Posted On: Aug 07, 2015
be a deciding factor in your property purchase. Loading factor is one such term. Let us see what it is and how Mumbai Metropolitan Region (MMR) 50-60 Delhi-NCR 20-40 Bangalore 20-30 Chennai 25-30   While most of the builders do not mention the loading factor of a property while talking to a prospective
Posted On: Aug 06, 2015
area is 25-30 per cent more than the carpet area. In Mumbai, the loading is much higher than by the builder. Let us assume, a property has a super built-up
Posted On: Aug 06, 2015
. There are several factors to consider such as your present requirements, property prices, locality and future



News and Stories related to Property Tax Mumbai

Posted On: Aug 27, 2015
, Sagar, Gwalior 20 Maharashtra Greater Mumbai, Navi Mumbai, Thane, Nashik, Solapur, Nagpur, Amravati, Pune, Aurangabad, Kalyan-Dombivli 21 Manipur
Posted On: Aug 12, 2015
constructed area is considered for calculating the total property value. III. Service Tax and Value Added Tax the under-construction properties. Service Tax is decided by the central government while the VAT If you are planning to buy an under-construction property, it is imperative that you know by the total area of the property will just understand each of the costs in your property.
Posted On: Aug 07, 2015
be a deciding factor in your property purchase. Loading factor is one such term. Let us see what it is and how Mumbai Metropolitan Region (MMR) 50-60 Delhi-NCR 20-40 Bangalore 20-30 Chennai 25-30   While most of the builders do not mention the loading factor of a property while talking to a prospective
Posted On: Aug 06, 2015
area is 25-30 per cent more than the carpet area. In Mumbai, the loading is much higher than by the builder. Let us assume, a property has a super built-up
Posted On: Aug 06, 2015
. There are several factors to consider such as your present requirements, property prices, locality and future

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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