Here you can browse "Property Tax" knowledge base including collector rates, area classification,
tax examples, download PTR forms etc...
| Property tax type & property tax rates | Area - 1 | Area - 2 | Remarks | |
|---|---|---|---|---|
| Flat more than 500 Sq.Feet | Rs. 5.00 per Sq. Yard | Rs. 3.00 per Sq. Yard | ||
| Residential more than 125 Sq.Yard except single story houses | Rs. 5.00 per Sq. Yard | Rs. 3.00 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. 5.00 per Sq. Yard | ||
| more than 4000 Sq. Yard | Rs. 7.50 per Sq. Yard | |||
| Commercial | Up to 100 Sq. Feet | Rs. 4.00 per Sq. Feet | Rs. 2.00 per Sq. Feet | |
| From 100 to 1000 Sq. Feet | Rs. 5.00 per Sq. Feet | Rs. 3.00 per Sq. Feet | ||
| More than 1000 Sq. Feet | Rs. 6.00 per Sq. Feet | Rs. 4.00 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 | 15.00 per Sq. Feet | These rates are for all floors and area. | ||
| Marriage palace/Marriage resort | 6.00 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 |
| 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 /- |