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Property Tax

Property Tax Structure 2008-10 Area Based Property Tax System

Sq. Feet/10.7639 = Sq. Mtr.

=

Formula for calculation of Property tax

Property Tax = R X M X A

Where,

R stands for the Annual rate of property tax
M stands for the product of various sub factors = { (Factor 1) X (Factor 2) X ( Factor 3) X (Factor 4) }
A stands for the area of the property (sq. mt.)


Annual Rate (R)

  • For Residential Properties: Per square meter per annum – Rs. 10
  • For other properties: Per square meter per annum – Rs. 20

Area of the Property (A)

The area of property under assessment depends upon the carpet area of the property. While calculating carpet area, whole area except area of the external as well as internal wall will be considered.

Factors affecting the property tax

  1. Factor 1: Factor depending upon the location.
  2. Factor 2: Factor depending upon the duration of the year wise construction of property.
  3. Factor 3: Factor depending upon the kind in case of residential property and use in case of Non-residential property.
  4. Factor 4: Factor depending upon usage person/entity.
Factor 1: Market Location
Market Location Factor Value
A 1.50
B 1.30
C 1.10
D 0.90
E 0.70
F 0.50
Factor 2: Age
Sr. No. Age of Property Factor Value
1 From 0 to 10 years 1.00
2 Above 10 up to 20 years 0.90
3 Above 20 up to 30 years 0.80
4 Above 30 up to 40 years 0.70
5 Above 40 up to 50 years 0.50
6 Above 50 up to 60 years 0.40
7 Above 60 years 0.30
Factor - 4: Occupancy
Occupier Factor Value
Residential - Owner 1.00
Residential - Tenant 1.00
Non-residential - Owner 1.00
Commercial - Tenant 1.50
Bank - Tenant 7.00
Mall - Tenant 2.50
Microwave Tower - Tenant 15.00
Education Cess
 General Tax % of General Tax
Residential Property Non-Residential Property
200 to 500 5% 10%
501 to 3000 10% 20%
3001 & above 15% 30%
Minimum Tax Calculation
Sr. No.

Residential Property

Non-Residential Property
Area (Sqmt) Minimum Tax Area (Sqmt) Minimum Tax
Water Zone Non-water Zone Water Zone Non-water Zone
1 < 25 60 36 < 15 540 459
2 25 to 50 120 72 15 to 30 660 561
3 > 50 180 108 > 30 780 663
User Charges
Area (in Sq.Mt.) Residential Property Non-Residential Property (Except Industrial Propery)*
Water + Drainage Solid Waste Water + Drainage Solid Waste*
Up to 15 180 240 270 240
16 to 25 270 240 405 240
26 to 50 360 240 540 240
51 to 100 540 240 810 240
100 to 200 720 240 1080 240
Above 200 900 240 1350 240
* Solid Waste is Rs. 480/- per Annum for Industrial Property.

Usage Group Wise Usage Code Detail