Here you can browse "Property Tax"
tax examples etc...
Property tax type & property tax rates | Area - 1 | Area - 2 | Remarks | |
---|---|---|---|---|
Residential more than 125 Sq.Yard except single story houses | Rs. 2.00 per Sq. Yard | Rs. 1.00 per Sq. Yard | These rates are for buildup ground floor area. 50% will be charged for basement, first/other floors, vancent area. | |
Industrial (any kind of manufacturing unit), educational institute, store and godown | Up to 4000 Sq. Yard | Rs. 4.00 per Sq. Yard | ||
more than 4000 Sq. Yard | Rs. 6.00 per Sq. Yard | |||
Commercial | Up to 100 Sq. Feet | Rs. 3.00 per Sq. Feet | Rs. 1.50 per Sq. Feet | |
From 100 to 1000 Sq. Feet | Rs. 4.00 per Sq. Feet | Rs. 2.00 per Sq. Feet | ||
More than 1000 Sq. Feet | Rs. 5.00 per Sq. Feet | Rs. 2.50 per Sq. Feet | ||
Hotel/Motel | Up to 15 rooms (without/upto 2 Stars) | Rs. 6.00 per Sq. Feet | Rs. 5.00 per Sq. Feet | These rates are for total buildup area. No tax will be charged for vacent/parking area. |
More than 15 rooms (with/without stars) | Rs. 9.00 per Sq. Feet | Rs. 8.00 per Sq. Feet | ||
Multiplex/Shopping Malls | 10.00 per Sq. Feet | These rates are for all floors and area. | ||
Marriage palace/Marriage resort | 4.00 per Sq. Yard | These rates are for complete area. |
TOTAL PLOT AREA OF A UNIT | 200 SQ YD |
---|---|
COLLECTOR RATE | 11400 PER SQ YD |
PLOT VALUE | 200X11400 = 22,80,000 |
COVERED AREA OF A UNIT | 1800 SQ FEET (RCC) |
COST OF CONSTRUCTION | 500/-SQ FEET |
TOTAL COST OF CONSTRUCTION | 1800X500 =9,00,000 |
DEPRICIATION ON CONST. COST | 10% |
NET COST OF CONSTRUCTION | 9,00,000 -90,000 =8,10,000 |
TOTAL COST OF BUILDING | 22,80,000 + 8,10,000 = 30,90,000 |
A.R.V. | 30,90,000 X 5% =1,54,500 |
PROPERTY TAX | 1,54,500 X 0.5% =772.50/- |
TOTAL PLOT AREA OF A UNIT | 200 SQ YD |
---|---|
COLLECTOR RATE | 11400 PER SQ YD |
PLOT VALUE | 200X11400 = 22,80,000 |
COVERED AREA OF A UNIT | 1800 SQ FEET (RCC) |
COST OF CONSTRUCTION | 500/-SQ FEET |
TOTAL COST OF CONSTRUCTION | 1800X500 =9,00,000 |
DEPRICIATION ON CONST. COST | 10% |
NET COST OF CONSTRUCTION | 9,00,000 -90,000 =8,10,000 |
TOTAL COST OF BUILDING | 22,80,000 + 8,10,000 = 30,90,000 |
A.R.V. | 30,90,000 X 5% =1,54,500 |
PROPERTY TAX | 1,54,500 X 3% =4,635/- |