Property Tax on Residential Properties
Area (in Square Yard) | Rate (₹ per Square Yard) |
|---|---|
Up to 300 | ₹ 0.50 |
301 to 500 | ₹ 2.00 |
501 to 1000 | ₹ 3.00 |
1001 Square Yard to 2 Acre | ₹ 3.50 |
More than 2 Acre | ₹ 5.00 |
Property Tax on Commercial Spaces (Office Spaces, Multiplexes)
Area (in Square Feet) | Rate (₹ per Square Feet) |
|---|---|
Up to 1000 | ₹ 6.00 |
More than 1000 | ₹ 7.50 |
Note: If the commercial space or any part thereof is rented or leased out, the applicable property tax shall be 1.25 times the above rates for the rented/leased area.