Property tax

New Property tax system unfair to old buildings?

MUMBAI: Despite the claims of the civic body on having transparency and parity in the new capital value-based property tax system, citizens seem unhappy at the development. They feel that while a handful of new buildings that have come up after 2005 will benefit from the new system, several old structures will face a high […]

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Property Tax : Builders to be held accountable?

Flat buyers are often kept in the dark about the property taxes due on their plot/flat at the time of possession.Only later do they realise that they have been shortchanged by the builder/developer when they are slapped Property Tax Due Certificate by the Municipal Corporation,which sometimes can be to the tune of a few lakhs

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