Tax Example (Year 2016-17)

Property tax type & property tax rates Area - 1 Remarks
Residential more than 125 Sq.Yard except single story houses 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.
Commercial Rs. 2.00 per Sq. Feet These rates are for buildup ground floor area. 50% will be charged for basement, first/other floors, vancent area.

Tax Example (Year 2013-14)

PROPERTY TAX EXAMPLE - 1 (Residential Building)
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/-
PROPERTY TAX EXAMPLE - 2 (Non-Residential Building)
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
GROSS TAX 1,54,500 X 3% =4,635/-
FIRE CESS @ 5% 4,635 X 5% =231.75 /-
PROPERTY TAX 4,635 + 231.75 = 4,866.75 /-