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Published byKelly Barker Modified over 9 years ago
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Property Tax Calcualtions Municipal Reforms Cell, Directorate of Municipal Administration, Karnataka
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1Site LengthBreadthArea 5032.51625 Area of land occupied by the building (Plinth Area) in Sq feet1000 Total Built up area of the building across all floors2000 Plinth factor (Col 4/Col 5)0.50 Property Sital Area
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Basic Guidance value Residenti al Basic Guidance Value for the site in Rs/Sq.ft200 Additional Guidance Value of 10% (in Rs.) in case of Corner Plot (Column 6*0.10)0 Total Guidance Value in Rs200 50% of Guidance Value in Rs. (0.5x Col 8)100 Guidance value
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Rate of Tax for the Property (as per 2005-06) ResidentialCommercialPublicIndusstry 0.35%0.50% Property Tax enhancement Enahance ment YearResidentialCommercialPublicIndusstry 2008-0915% Rate of Tax
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Floo r No Use of Prope rty Year of Const uction. *De p. fact or Constructio n Type Marke t Value Rs./sq ft. 50% of Marke t Value Built up Area Occu pancy Taxable CV of Land Occupie d by building in Rs. Taxable Capital Value of the Building Total tax for the floor 2005-06 Total tax for the floor 2008-09 Total tax for the floor 2011-12 0 Reside ntial2006 0.00 000 R C C,Teak wood door and window5602801000Self25000.00140000.00 577.50664.13763.744 1 Reside ntial2008 0.00 000 R C C,Teak,Gran ite floor6803401000Self25000.00170000.00 682.50784.88902.61 Total 1260.001449.001666.35 Floor Wise Tax Calculation
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Property Tax for 2011-121666.35 Paid within April 30th of the SAS Filling year Apr 83.32 Cess 24% on Property Tax399.92 If tax paid after June 30 th, late payment penalty at the rate 2% per month on the amount in Col 10 0.00 Paid OnApr2011-12 Total Property Tax Amount payable for 2011-12 1982.96 In case of Unlawful Property in place of tax, penalty will be collected which is equal to twice of col 10 + col 12. 3732.62 Total Property Tax
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Rate of Tax for the Property increased in 2008-09 ResidentialCommercialPublicIndusstry 0.40%0.50% Incorrect Practiced in ULB Rate of tax in 2005-06 ResidentialCommercialPublicIndusstry 0.35%0.50%
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Property Tax for 2011-121449.00 Paid within April 30th of the SAS Filling year Apr 72.45 Cess 24% on Property Tax347.76 If tax paid after June 30 th, late payment penalty at the rate 2% per month on the amount in Col 10 0.00 Paid OnApr2011-12 Total Property Tax Amount payable for 2011-121724.31 In case of Unlawful Property in place of tax, penalty will be collected which is equal to twice of col 10 + col 12.3245.76 Total Property Tax
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