| PROPERTY-TAX STRUCTURE: 2013-14 |
| 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
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 |
| Annual Rate (R) |
- For Residential Properties : Per square meter per annum – Rs. 16
- For other properties : Per square meter per annum – Rs. 30
|
| 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:(M) |
(A) Factor - 1 : Factor depending upon the
location
(B) Factor - 2 : Factor depending upon the duration of
the year wise construction of property
(C) Factor - 3 : Factor
depending upon the kind in case of residential property and use in case
of Non-residential property.
(D) Factor
- 4 : Factor depending
upon usage person/entity |
| Factor -1 : Market Location |
| Market Location |
Factor Value |
| A |
1.60 |
| B |
1.30 |
| C |
1.10 |
| D |
0.90 |
|
| |
| Factor -2 : Age |
| Sr. No. |
Age of Property |
Factor Value |
| 1 |
From 0 to 10 years |
1.00 |
| 2 |
From 11 up to 20 years |
0.90 |
| 3 |
From 21 up to 30 years |
0.80 |
| 4 |
From 31 up to 40 years |
0.70 |
| 5 |
From 41 up to 70 years |
0.50 |
| 6 |
71 years & Above |
0.50 |
|
| |
| Factor -3 : Property Type |
| (A) |
Residential Property |
Factor Value |
| 1 |
INDIVIDUAL-BUILDING |
1.60 |
| 2 |
TENAMENT |
1.25 |
| 3 |
ROW-HOUSE |
1.10 |
| 4 |
FLAT |
1.00 |
| 5 |
GAMTAL-HOUSE |
0.50 |
| 6 |
POLE-HOUSE |
0.50 |
| 7 |
CHALI-HOUSE |
0.50 |
| 8 |
HUT |
0.00 |
| 9 |
CABIN |
0.00 |
| (B) |
Other than Residential Properties |
Factor Value |
| 1 |
TEMPLE, MOSQUE |
0.00 |
| 2 |
DHARMSHALA, WATER TANK |
0.05 |
| 3 |
SCHOOL,COLLEGE,HOSTEL,LIBRARY |
2.00 |
| 4 |
HOSPITAL,CLINIC,NURSHING HOME |
4.00 |
| 5 |
INDUSTRIAL PURPOSE |
2.00 |
| 6 |
IND.PURPOSE AND PUCCA WALLS WITH R.C.C. |
2.00 |
| 7 |
IND PURPOSE OPEN LAND |
2.00 |
| 8 |
IND PURPOSE OPEN SHED (NON ENCLOSED) |
2.00 |
| 9 |
IND PURPOSE ENCLOSE SHEDS-PUCCA WALLS |
2.00 |
| 10 |
IND-PURPOSE ENCLOSE SHEDS WITH-PUCCA COR |
2.00 |
| 11 |
COMMERCIAL ORGANISATION(PROPERTY) |
3.50 |
| 12 |
GOVT./SEMI GOVT. PROPERTY |
4.00 |
| 13 |
COMMERCIAL PROPERTY |
4.00 |
| 14 |
RECREATIONAL AND ENTERTAINMENT PURPOSE |
4.00 |
| 15 |
PARTY AND GATHERING PURPOSE |
4.00 |
|
| |
| Factor - 4 : Occupancy |
| Occupier |
Factor Value |
| Residential Property |
Non-Residential Property |
| Owner |
1.00 |
1.00 |
| Tenant |
1.50 |
2.00 |
|
| |
| Education Cess |
| General Tax |
Percentage (%)
of NET Tax |
| Residential Property |
Non-Residential Property |
| 200 to 500 |
5% |
10% |
| 501 to 3000 |
10% |
20% |
| Above 3000 |
15% |
30% |
|
| Fire Tax |
| Property Type |
Percentage (%)
of NET Tax |
| Factory |
5.00% |
| Other Than Factory(High Rise Building :18 Meter and Above Height) |
7.00% |
|
| Conservancy Tax |
| (A) |
Residential Property |
Percentage (%)
of NET Tax |
| 1 |
HUT |
15% |
| 2 |
CHALI-HOUSE & Area Less than or Equal to 25 Sq. Mtrs. |
15% |
| 3 |
Area greater than 25 Square Meter |
25% |
| (B) |
Other than Residential Properties |
35% |
| (c) |
Minimum Conservancy Tax Applicable : 24/- INR |
|
| Safai Charge |
| (A) |
Residential Property |
Amount (In INR) |
| 1 |
HUT |
50 /- |
| 2 |
Other Residential (If Min. Tax Applicable) |
50 /- |
| 3 |
Other Residential Property |
100 /- |
| (B) |
Other than Residential Properties |
Percentage (%)
of NET Tax |
| 1 |
All Non- Residential Properties |
10 % |
| 2 |
Minimum Safai Charge : 240/- INR
|
|
| |