PROPERTY-TAX STRUCTURE
April 01, 2010 onwards
Area Based Property Tax System |
| 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 (A) |
- For Residential Properties : Per square meter per annum – Rs. 10
- For other properties : Per square meter per annum – Rs. 21
|
| 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: |
(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 |
1.50 |
| B |
1.30 |
| C |
1.10 |
| D |
0.90 |
| E |
0.70 |
| F |
0.50 |
|
| |
| Factor -2 : Age |
| Sr. No. |
Age of Property |
Factor Value |
| 1 |
From 0 to 10 years |
1.00 |
| 2 |
Above 10 up to 20 years |
0.90 |
| 3 |
Above 20 up to 30 years |
0.80 |
| 4 |
Above 30 up to 40 years |
0.70 |
| 5 |
Above 40 up to 50 years |
0.50 |
| 6 |
Above 50 up to 60 years |
0.40 |
| 7 |
Above 60 years |
0.30 |
|
| |
| Factor -3 : Property Type |
| (A) |
Residential Property |
Factor Value |
| 1 |
Individual Bungalow |
1.00 |
| 2 |
Duplex Bungalow |
0.85 |
| 3 |
Row House |
0.70 |
| 4 |
Apartment/Flat |
0.60 |
| 5 |
Gala Type RCC |
0.40 |
| 6 |
Gala type Non-R.C.C. |
0.30 |
| 7 |
Slum-RCC & Slum Non-RCC (carpet area up to 25 Sq.Mtrs.) |
0.10 |
| 8 |
Open Plot |
0.10 |
| 9 |
Parking |
0.00 |
| (B) |
Other than Residential Properties |
Factor Value |
| 1 |
Commercial A |
5.00 |
| 2 |
Commercial B |
3.50 |
| 3 |
Government |
3.00 |
| 4 |
Industrial A |
2.00 |
| 5 |
Industrial B |
1.50 |
| 6 |
Recreational |
2.00 |
| 7 |
Education & Health |
0.50 |
| 8 |
Open Plot |
0.50 |
| 9 |
Education & Health-Grant in Aid Institution |
0.10 |
| 10 |
Agricultural |
0.001 |
| 11 |
Religious |
0.000 |
|
| |
| Factor - 4 : Occupancy |
| Occupier |
Factory Value |
| Residential - Owner |
1.00 |
| Residential - Tenant |
1.00 |
| Non-Residential - Owner |
1.00 |
| Non-Residential - Tenant |
1.75 |
| Bank - Tenant |
7.00 |
| Mall - Tenant |
2.50 |
| Microwave Tower - Tenant |
15.00 |
|
| |
| Education Cess |
| General Tax |
Percentage (%) of General Tax |
| Residential Property |
Non-Residential Property |
| 200 to 500 |
5% |
10% |
| 501 to 3000 |
10% |
20% |
| 3001 & above |
15% |
30% |
|
| |
| Minimum Tax Calculation |
Sr.
No. |
Residential
Property |
Non-Residential Property |
Area
(Sqmt) |
Minimum Tax |
Area
(Sqmt) |
Minimum Tax |
| Water Zone |
Non-water Zone |
Water Zone |
Non-water Zone |
| 1 |
< 25 |
60 |
36 |
< 15 |
540 |
459 |
| 2 |
25 to 50 |
120 |
72 |
15 to 30 |
660 |
561 |
| 3 |
> 50 |
180 |
108 |
> 30 |
780 |
663 |
|
| |
| User Charges |
Area
(in Sq.Mt.) |
Residential Property |
Non-Residential Property
(Except Industrial-A Property)* |
| Water + Drainage |
Solid Waste |
Water + Drainage |
Solid Waste* |
| Up to 15 |
180 |
240 |
270 |
240 |
| 16 to 25 |
270 |
240 |
405 |
240 |
| 26 to 50 |
360 |
240 |
540 |
240 |
| 51 to 100 |
540 |
240 |
900 |
300 |
| 100 to 200 |
720 |
240 |
1200 |
300 |
| Above 200 |
900 |
240 |
1500 |
300 |
| * Solid Waste is Rs. 600/- per Annum for
Industrial-A Property. |
|
| |
|
Usage Group Wise Usage Code Detail |
| |
| ** |
For the financial year 2010-11, the senior citizens will be given extra 5% rebate on General Tax from existing 5% totaling to 10% in view of Swarnim Gujarat Celebration. |
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