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A. The jurisdiction of BBMP has been classified into 6 value zones based on the published guidance value of the Department of Stamps and Registration. Separate appendix to the handbook containing the zone classifications has been printed. The zone classification is also hosted in our website www.bmponline.org. Q.
- Property Tax
- About BBMP Property Tax
- Property Tax Rate in Bangalore
- Payment of BBMP Property Tax
- Computation of Property Tax
- BBMP Property Tax Due Date & Rebate
- Tax Benefits
- How to Check The Status of BBMP Tax Paid application?
- How to Download BBMP Tax receipt?
- Properties Which Attract Property Tax in Bangalore
A property tax levy is delegated to various municipalities within the states to ensure efficient and smooth maintenance of civic amenities in various localities, such as maintenance of local roads, drainage, cleanliness in the area, public parks etc. Property tax is governed by the state government and further delegation to various municipalities r...
Owners of properties in Bengaluru are liable to pay property tax to the Bengaluru Municipality body called Bruhat Bengaluru Mahanagara Palike (BBMP) every year. The municipal body utilises these funds to provide civic facilities in Bengaluru. The BBMP follows the Unit Area Value (UAV) system for calculating the amount of property tax. The UAV is ba...
In Bangalore, the property tax rate differs for tenanted and self-occupied properties. The property tax rates for six zones are as follows: Slabs for Residential Property Slabs for Commercial Property
Property tax period starts from April of one year and ends in March of the subsequent year. For instance, you should make payment before Julu 31, 2024 to avail 5% rebate.BBMP gives an option to either to pay property tax in a single installment or 2 installments, it also offers a 5% rebate on property tax paid in one instalment within the due date stipulated by BBMPDelayed payment of property tax attracts interest at 2% per month or 24% per annumProperty tax can also be paid in two instalments without any interest and without a rebateWhere G = Gross unit area value arrived by X+Y+Z and I = G*H/100 X = Tenanted area of property x Per sq. ft. rate of property x 10 months Y = Self-occupied area of property x Per sq. ft. rate of property x 10 months Z = Vehicle parking area x Per sq. ft. rate of vehicle parking area x 10 months H = Percentage of depreciation rate, which depends upo...
Paying your property tax in a single installment before the BBMP's due date grants you a 5% rebate. However, delaying payment incurs a monthly interest rate of 2%. You can also pay in two installments to avoid interest, but without the rebate, ensure it's done by July 31st, 2024.
Property tax paid can be deducted from the Gross Annual Value (GAV) of the property while computing income under house property inthe FY in which it is paidif the following conditions are satisfied: 1. GAV of the property is not NIL (self-occupied house property) 2. Property tax is paid by the owner
You can check the status of the BBMP tax paid application after making the payment of the BBMP property tax online. Follow the below process to check the BBMP tax payment status: 1. Go to the BBMP property tax portal. 2. Click on the ‘Payment Status’ tab on the home page. 3. Enter the ‘Application number’, ‘Owner’s Name', and click on the ‘Retrieve...
Follow the below process to download the BBMP property tax receipt: 1. Go to the BBMP property tax portal. 2. Click on the ‘Downloads’ tab and select the ‘Receipt print’ option from the drop-down list. 3. Select the assessment year, enter the application number, and captcha code and click on the ‘Submit’ button. 4. The property tax receipt will be ...
The following properties are covered under the ambit of BBMP property tax: 1. Flats 2. Residential houses (both occupied and rented) 3. Factories 4. Godowns 5. Offices 6. Shops The Department of Stamps and Registration has published guidance values that divide BBMP's jurisdiction into 6 value zones. The rate at which property tax is charged depends...
Apr 2, 2024 · To Pay BBMP Property Tax Online. Go to the BBMP Tax Portal at https://bbmptax.karnataka.gov.in/. Enter the 10-digit SAS Application Number or PID Number on the tax portal. You can find these on the last receipt. Then, click on ‘Retrieve’.
Apr 21, 2023 · Primarily, there are six zones, and the rates are different for both tenanted and self-occupied properties. The BBMP Bangalore property tax rates are as follows: BBMP Property Tax Rates 2021-22 (Zone-wise) Zones (as classified by BBMP) Self-Occupied Property (Rs per sq ft) Tenanted (Rs Per Sq ft) A. Rs 2.80.
Apr 26, 2022 · Here are the steps for paying property tax online: 1. Keep these handy before you commence: Mobile number – for OTP. Your previous property tax paid receipt. Details of changes; new area (dimensions), type of construction etc. (if applicable) Read more : How does BBMP compute Property Tax. 2.
Apr 29, 2024 · The BBMP property tax is calculated based on the Unit Area Value (UAV) system. It is mandatory for a property owner to pay the property tax every year, even for a vacant property. In this article, we discuss how citizens can pay property tax online in Bangalore.
People also ask
How BBMP property tax is calculated?
How do I pay BBMP tax?
How to check BBMP property tax payment status?
What is BBMP house tax?
Oct 28, 2023 · The formula used for the computation of BBMP property tax is: (G-I) * 20% + Cess (24% of property tax). The formula provided outlines the computation of BBMP (Bruhat Bengaluru Mahanagara Palike) property tax, which is used to calculate the property tax amount for a specific property. Here’s a breakdown of the formula:
