nbrdevelopers logo
AN ISO 9001:2008 CERTIFIED COMPANY
Contact Number
080-25722673/74/75

Property Tax in Mumbai

Mumbai Property tax system will be given a face-lift soon to remove the inequality in the system as different tax are charged to the properties located in suburbs and island city. The whole property tax system in Mumbai works on the Mumbai Provincial Municipal Corporation Act, 1949. It is one such act on property that imposes various taxes on the property in Mumbai. Except for the burial grounds, land used for public worship and public charity all other properties and land need to pay tax under this act. The Mumbai city is divided into wards and property tax rates are fixed ward-wise by Mumbai Municipal Corporation. For the property tax assessment purposes area of property is considered. Different system is followed to do the tax assessment of buildings of schools, colleges, charitable institution, open land in the city. 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. After doing the assessment the property tax appraisal is done which means placing the value on property.

Mumbai Property Tax Rules

The full liability of paying property tax lies on the shoulder of the holder of the property even if he has given property on rent. 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. It gives information on how, when and where to pay property tax.Property tax in Mumbai becomes due twice a year. First on the 1st of April and second on the 1st of October every year. Concessions are granted in percentage if taxpayers pay tax on time.
In case property tax in not paid on time demand notice is served to the holder of the property. Further if taxpayer does not pay tax within 15 days of the served notice a warrant is issued and the property is seized. In case to transfer the property tax, the original holder of the property has to give notice of transfer of property to the Mumbai Municipal Corporation. Only after getting the notice the tax will be transferred otherwise it will be levied on the same person. The owner of any illegal building or apartment in Mumbai is required to pay double the amount of property tax. The extra amount is charged as a fine on them.
There are many property tax consultants and firms in Mumbai, which give property tax advice. These knowledgeable consultants specialized in the area of law can represent you in court related to any matter concerning property.
They can make property tax appeal on your behalf if there is any disparity. They even help to calculate property tax. In case property tax levied on you is not according to your estimate you can always seek the help of consultant or give full details in writing to the society. These particular societies in the distinct ward will take up matter with Municipal Authorities of that area in Mumbai. If they find any appeal made by you is correct then you will get some relief from property tax. To further reduce the burden of paying tax in one go many banks provide the facility of property tax loan in Mumbai. The loan taken can be returned back in easy installments. So it is better to give your property tax on time as all this money is used for the development of your city. Property tax services are also available online. You can check the official website of Municipal Corporation of Greater Mumbai for further detail.
Company
Projects
Support
Media
Policies
Services
Help Desk
Copyright © nbrdevelopers.com . All Rights Reserved
facebook
facebook
facebook
jas
iso
NBR Developers and Builders Pvt. Ltd. leading real estate company from Bangalore, India . Our Residential Layouts are situated at locations like Sarjapura Road, Anekal Road, Atibele Road, Hosur Road, Bagalur Road, Berike Road in Hosur, Alsanatham Road & Electronic City respectively. Our Projects provide Gated Community with valuable features like 24x7 Security, Arch at Main Entrance, Club House, Swimming Pool, Children Play Area, Flower Gardens, Jogging Track, Individual Site provided with Seperate Sanitary Connections, Seperate Sewage Line and Electricity supplements.
Our Projects plot dimensions include 1200 sqf, 1500 sqf,1800 sft, 2400 square feet,4000 sqf, 5000 sqf,10000sqf, odd dimensions and commercial plots which create multiple choice to our esteemed customers.
Further more, we are in the augment of Launching new projects starting from Residentials Layouts, Multistorey Apartments, Modern Houses with Green Spaces, Luxurious Villas, Row Houses in areas like Devanahalli near Bengaluru International Airport (BIAL), Chikkaballapura, Doddaballapura, Hoskote, Malur, Mysore Road, Kanakapura Road, Tumkur Road, Bannerghatta Road in affordable budgets starting from 3 lakhs, 4, 5, 6, 7, 8, 9 lac, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20 and above 25 lakhs. Our Villa and Apartments project come with budgets in the range of 20 lakhs, 25, 30, 35, 40, 45, 50, 55, 50, 65, 70, 75, 80, 85, 90, 95, 1 Crore respectively.
Our Projects come with a variety of approvals from BDA, BMRDA, BBMP, MUDA, BIAPPA, DTCP, HNDTA, DC Conversion and other respective approval institutions as per the location of the project.
Other Localities
A N Gupta Layout, Abbigere, Adugodi, AECS Layout, Airport Road, Akshaya Nagar, Amrutahalli, Anand Nagar, Ananthanagar, Anekal, AnjanaPura, Ashok Nagar, Attibele, Attibele Road, Babusabpalya, Banasawadi, Banashankari, Banashankari Stage 1, Banashankari Stage 2, Banashankari Stage 3, Banashankari Stage 6, Bannerghatta, Bannerghatta Road, Basavangudi, BCC Layout, Begur Road, BEL Layout, Belakhalli, Bellandur, Bellary Road, Benson Town, Bhuvaneshwari Nagar, Bidadi, Bommanahalli, Bommasandra, Brigade Road, Brooke Field, BTM Layout, BTM Layout Stage 1, BTM Layout Stage 4, BTM Layout Stage 6, Cambridge Layout, Canara bank Layout, Chamarajpet, Chanda Pur, Chandapura Circle, Chandra Layout, Chik Ballapur, Chika Kalsanda, Chikka Tirupathi, Coles Road, Cookes Town, Cox Town, Cunningham Road, CV Raman Nagar, Davis Road, Devanahalli, Devanahalli Road, Dod Ballapur, Dod Ballapur Road, Doddanekundi, Domlur, Electronic City, Frazer Town, G M Palya, Giri Nagar, GKW Layout, Gnana Bharati, Gottigere, HAL Layout, Hanumanth Nagar, Haralur Road, HBR Layout, Hebbal, Hegde Nagar, Hennur Road, Hennuru, Hoodi, Hormavu, Hoskote, Hosur Road, HRBR Layout, HSR Layout, Huskur, Indira Nagar, Infantry Road, ISRO layout, ITC Factory, ITPL, IVC Road, Jalahalli, Jaukkur, Jaya Nagar, Jaya Nagar Block 1, Jaya Nagar Block 4, Jaya Nagar Block 8, Jaya Nagar Block 9, Jigani, Jigani Circle, Jigani Industrial Area, JP Nagar, JP Nagar Phase 1, JP Nagar Phase 2, JP Nagar Phase 3, JP Nagar Phase 4, JP Nagar Phase 5, JP Nagar Phase 6, JP Nagar Phase 7, JP Nagar Phase 8, JP Nagar Phase 9, Kadugodi, Kagdassapura, Kalkere, Kammanahalli, Kanakapura Road, Kasavanhalli, Kasturi Nagar, KatriGuppe, Kaval Byrasandra, Kengeri, Konanakunte, Koramangala, Kothanur, Krishnaraja Puram(K R Puram), Kumar Swami Layout, Kundalahalli, Langford Road, LBS Nagar, M G Road, Magadi Road, Mahadevpura, Malathahalli, Mallesh Palaya, Malleshwaram, Malur Industrial Area, Marathahalli, Maruthi Nagar, Meesaganahalli, MS Pallya, Munnekolala, N R Colony, Nagarbhavi, Nagavara, Nandini Layout, NRI Layout, Nrupathunga Nagar, Off Airport road, Off Sarjapur Road, Old Madras Road, OMBR Layout, Outer Ring Road, Padmanabha Nagar, Palace Road, Panathur, Raj Mahal Villas Stage 2, Rajaji Nagar Industrial Suburb, Rajanukunte, Rajarajeshwari Nagar, Ramamurthi Nagar, Richards Park, Richards Town, Richmond Road, Richmond Town, Ring Road, RPC Layout, RT Nagar, Sadashiv Nagar, Sahakara Nagar, Sarjapur, Sarjapur Circle, Sarjapur Road, Shanti Nagar, Singasandra, SriNagar, St Johns Road, Surabhi Nagar, TC Palaya, Thanisandra, Tumkur Road, Ullal Main Road, Ulsoor(Halasur), Uttarahalli, Varthur, Vasantpur, Vidyaranyapura, Vigyan Nagar, Vijaya Bank Layout, Vijayanagar, Vittal Mallaya Road, Wheeler Road, Whitefield, Wilson Garden, Yelahanka, Adarsh Nagar, Agrara Layout, AGS Layout, Airport Area, Akash Nagar, Amarajyothi Nagar, Sneha Nagar, Annapurneshwari Nagar, Anubhav Nagar, Xavier Layout, Arakere, Ashwath Nagar, Atmananda Colony, Austin Town, B K Nagar, BPF Layout, BDA Layout, Baba Nagar, Bagalur, Bairasandra, Banashankari Stage 4, Bank Avenue, Banagiri Nagar, Bapuji Nagar, Basava Nagar, Basaveshwara Nagar, Bidrahalli, New BEL Road, Bendre Nagar, BennigannaHalli, Bharat Nagar, BinnyPet, BMRDA Layout, Boopa Sandra Layout, BTM Layout Stage 2, Bultapal Road, Bupasandra, Bydara Halli, Byrathi Village, Byraveshwara Nagar, Bysandra Extension, C L Layout, Cantonment, CBI Road, Central Exchange, Chamundi Nagar, Chandra Layout Extension, Chikpete, Chola Nagar, CMH Road, Coffee Board Layout, Commercial Street, Confor Road, Cottonpet, Dacosta layout, Dasappa Garden, Deepanjali Nagar, Defence Colony, Devara Jeevan Halli, Devasandra, DhanaLaxmi Layout, Dodda Basti, Dodda Bomma Sandra, Dodda Kalsandra, Dodkunte, Dollars Colony, Doopanhalli, Double Road, DTC Road, Durvani Nagar, Dwarka Nagar, Gandhi Nagar, Ganesha Block, Ganga Nagar, Gaundanapalya, Gaurav Nagar, Gayathri Nagar, Gokula Extension, Gollara Hatti, GovindPur, Gowri Palli, Guddadahalli, Gavipuram, Gupta Layout, H M World City, Hal Stage 3, Harikere Myco Layout, Hasan Road, Health Layout, Hebbal Kempapura, Hegganahalli, Hesara Ghatta, Hinkal, HMT Layout, Herohalli, Hosaguddadahalli, Hosakerehalli, Hutchins Road, Huttlahalli, Jagjivanram Nagar, Jalahalli East, Jalahalli West, Jawahar Nagar, Jaya Nagar Block 2, Jaya Nagar Block 3, Jaya Nagar Block 5, Jaya Nagar Block 6, Jaya Nagar Block 7, Jayamahal, Jeevan Bima Nagar, Jivanahalli, JVC Road, K B A R, K N Extension, K R Road, Kacharakanahalli, Kadabhagere, Kadirena Halli, Kadugondanahalli, Kalasipalyam, Kalyana Nagar, Kamakshipalya, Kamala Nagar, Kanaka Nagar, Kaningam Road, Kaveri Nagar, K C Layout, Kempapur Agrahara, Kempapura, Kempegowda Nagar, KIK Colony, Kirloskar Layout, Kodigae Halli, Kolar, Konena Agrahara, Koramangala 4th Block, Koramangala 6th Block, Koramangala 7th Block, Koramangala 8th Block, Koramangala Extension, Kottigapalya, Kumara Park West, Kumbalgodu, KurubaHalli, Kuuempu Main Road, L K Colony, Lakkasandra, Lavelle Road, Laxmi Narayana Pura, Laxmi Puram, Lingarajapuram, M C Layout, Macho Halli, Madiwala, Mahalakshmipuram Layout, Mahalaxmi Layout, Majestic, Malappa Layout, Malleshwaram Pipeline Road, Manasa Nagar, ManganaHalli, ManjuNath Nagar, Maruthi Extension, Maruthi Mandira, Maruthi Sevanagar, Mathikere, Mavalli, Roopen Agrahara, MedaHalli, Michael Palaya, Millers Road, MLA Layout, Moodalapalya, MPM Layout, J C Nagar, Mubarak Nagar, MudalaPalya, Muneshwara Nagar, Murphy Town, Murugesh Palya, Myco Layout, Mysore Road, Mysore State Highway, N S Palya, Naganatha Pura, Nagappa Block, Nagarbhavi Stage 2, Nagarbhavi Stage 4, Nagarbhavi Stage 1, Nagartapete, Nagasandra, NagenaHalli, Naider Layout, Nalagadderanahalli, Navodaya Nagar, Nayak Layout, NelaMangala, New Thippasandra, NGEF, Neelasandra, NYEF Layout, Officer road, Omarbagh Layout, Pai Layout, Pantarapalya, Papareddy Palya, Parimala Nagar, Peenya Industrial Area, Peenya Industrial Area Phase 1, Peenya Industrial Area Phase 2, Peenya Industrial Area Phase 3, Peenya Industrial Area Phase 4, Peenya KJADB, Pillanna Garden, Prakash Nagar, Prasanth Nagar, Prem Nagar, Puttenahalli, Race Course Area, Ranasinghpete, Ragavendra Colony, RaiSandra Village, Rajaji Nagar, Rajaji Nagar Industrial Town, Rajaji Nagar Stage 2, Rajaji Nagar Stage 3, Rajamahal Guttahalli, Rama Mandir, Rama Sandra, Rammanhalli, RamoHalli, RBI Gowtham Society, RBI Layout, Residency Road, Rose Garden, RR Layout, Rustam Garden, S G Palya, SR Nagar, Sadduguntepalya, Sagayapuram, Pillanna Garden, SK Garden, Sampangiram Nagar, Sanjay Nagar, Saraswati Puram, Sasuve Ghatta, Satya Layout, Seast Colony, Seshadripuram, SGS Layout, Shankar Nagar, Shanthala Nagar (Maciver Town), Shashadripuram, Sheshadri Road, Shinivagalu Tank Bed Layout, Shivaji Nagar, SigeHalli, Silk Board, Singapura, Sivan Chetty Gardens, South End Circle, Sreenivas Nagar, SriRampura Telecom Layout, Srirampuram, Subban Palya, Subinapalaya, Subramanyapura, Sultanpalya, Sultanpet, Sunder Ram Shetty Nagar, Sunkadakatte, Surjapura, T Dasarahalli, Tannery road, Teachers Colony, Telecom Layout, Thavarekere, Thimmaiah Garden, Thonde Bhavi, Thunga Nagar, Thyagaraj Nagar, Tippasandra, Ullalu, V V Puram, Vasant Nagar, Venkateshwara Layout, Victoria Layout, Vidaya Peeta Circle, Vidya Nagar, Vijay Bank Colony, Vijay Enclave, Vijayanagar Stage 1, Vijayanagar Stage 2, Vimanapura, Vinayaka Layout, Vinayaka Nagar, Vinayaka Temple, Vishvapriya Nagar, Visvesvarapuram, Vishwara Nagar, Vivek Nagar, Vyalikaval, VV Nagar, Weaver's Colony, Yelachenahalli, Yeshwanthpur, Viviani Road, Challaghatta, Langford Town, Off Bellary Road, Cambridge Road, Off M.G. Road, Eagleton, Jaya nagar T Block, Off Richmond Road, Hall road, Queen's Road, St Marks Road, Eagle Ridge, Aga Abbas Ali Road, Church street, Dickenson Road, Convent Road, Cubbon Road, Nandi Durg Road, RMZ Infinity Technology Park, Madanapalle, Bagepalli, Highgrounds, Davospeth, Judiciary Layout, Solur, Srirampur, Vijinapura, Sudhama Nagar, Ejipura, Parvathi Nagar, Smilee Anandavana, Vishveshwarayya Layout, Maruthi HBCS Layout, New Timberyard Layout, Wind Tunnel Road, Levelle Road, KHB Surya City, Lalbagh Road, Rest House Road, Chakravarthy Layout, Atmananda Layout, Rajiv Nagar, Sankey Road, Magrath Road, Kudlu Main Road, Madhava Nagar, Brunton Road, Museum Road, MS Ramaiah Layout, Vikas Nagar, Muthyalanagar, Nandi Hills, Gangenahalli, Narayanapura, MSR Road, Achins Road, Hayes Road, Sadahalli, J C Road, Kasturba Road, Jagadish Nagar, Mission Road, Chintamani Road, Tata Nagar, Nagavarapalya, Kengal Hanumanthaiah Road, Hoysala Nagar, HAL Stage 2, Spring Field, Chikkajala, Okalipuram, Channasandra, Kamraj Road, Kenchanahalli, St. Thomas Town, Vibhutipura, CBD, Byappanahalli, Thippasandra, Haines Road, Allalasandra, Devanachicknhalli, Byatarayanpura, Channapatna, Baghmani Tech Park, Hulimavu, Dasarahalli, Kalena Agrahara, Laggere Road, Karwar, Kengeri Hobli, Shantiniketan Layout, Ayappa Nagar, Balaji Layout, Vivekananda Nagar, BEML Layout, University Road, Rajaram Mohan Roy Road, Pattandur Agrahara, Kadubeesanahalli, Battarahalli, Shuley Circle, New Tharagupet, Tala Cauvery Layout, Thubarahalli, Rukmini Nagar, Dr. Shivaram Karanth Nagar, Cubbonpet, Badrayanpura post, RMV Extension, South City, Saptagiri Layout, Samitha Castle, Crescent Road, RMV Stage II, RV Road, Concorde Midway, Carmelaram, Pride Pristine, City Market, Nice Road, Bull Temple Rd, Osborne Road, Sirsi Jayamahal Road, Cargo Road, Chikkabanavara, Avenue Road, Mariyappa Layout, Nobo Nagar, Dasanapura, Promenade Road, Sathanur, Rustam Bagh, Doddagubbi, Doddajala, Diamond District, Rachenahalli, Lower Palace Orchard, Neeladri Park, Sankarapuram, Shubh Enclave, Ramanagara, Shampur Gate, Ali Asker Road, UB City, Cline Road, Anepalya, Awarehalli, Lewis Road, Nayandahalli, Thambuchetty Palya, Assaye Rd, Devarabisanahalli, Jayamahal Extension, Basavanapura, Kammagondanahalli, Kadubisanahalli, Haudin Road, Hebbagodi