![]() ![]() The market value is fixed by the area’s stamp duty department. Chennai follows this system.Ĭapital Value System (CVS ) – The tax is determined based on the market value of the property. ![]() The municipal body of a state fixes the gross annual rent of the property and imposes tax based on the estimated value. It is calculated based on the amenities provided, size, and location of the property. The BBMP property tax value changes basis the zone in which the property is located.īBMP Property tax is calculated in three different ways:Īnnual Rental Value (ARV) System – It is also known as Rateable Value. The UAV is determined by the location of the property, nature of its usage, and the anticipated return.īased on the guidance value determined by the Department of Stamps and Registration, Karnataka, the jurisdiction of BBMP is divided into 6 zones. How is property tax calculated in Bangalore?īBMP property tax is calculated based on the per square foot tax rate per month (Unit) which is fixed on the basis of location, street of the property (Area) and multiplied by the current property rate (Value). Step 6: Once the payment is completed, an e-receipt will be available on the portal after 24 hours and the receipt can be downloaded here. The full amount can be paid once or in installments. Step 5: Check if all the entered details are correct and proceed to BBMP property tax online payment. Step 4: In case of any changes in the property details, click on the checkbox and select Proceed which will redirect to Form 5. ![]() Step 3: Check the details displayed and select Proceed which will redirect to Form 4. To pay BBMP property tax online enter SAS application number Step 2: Fill in the SAS (Self-Assessment Scheme) application number or PID or 2015-2018 Renewal Application Number, whichever is available on the last receipt and click on the Retrieve button. To pay BBMP Bangalore property tax online, Follow the below-mentioned steps. In addition to the BBMP property tax, an Urban Transport Cess is also charged by the BBMP at the rate of 2 percent. BBMP Bangalore property tax zones are as follows ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |