To computer the tax applicable, the property value is multiplied by its carpet area. Unit Area System: The property tax is levied based on the property’s per unit price of carpet area.Under this system, the stamp duty department in the region decides the market value of properties. Capital Value System: In this system, the market value of a property is used to determine the applicable property tax.The tax is levied on the basis of the anticipated value. Annual Rental Value System: In this system which is followed in cities like Chennai and Hyderabad, the authority decides gross yearly rent for a property.The BBMP property tax is computed using three methods as explained below: See also: All about property tax LudhianaĪ comprehensive guide to all the values is available on the BBMP website, along with a property tax calculator, which will help citizens make property tax payment online in Bangalore. Know about: House for sale in Bangalore BBMP property tax: Property tax rate in Bengaluru 2021-2022 Zone H = Percentage of depreciation rate (depends upon the age of the property). Z = Vehicle parking area x Per sq ft rate of vehicle parking area x 10 months Y = Self-occupied area of property x Per sq ft rate of property x 10 months X = Tenanted area of property x Per sq ft rate of property x 10 months The formula used to calculate property tax Bangalore is as follows: The property tax rate will differ, according to the zone in which the property is located. The jurisdiction of the BBMP is divided into six value zones, based on the guidance value Bangalore published by the Department of Stamps and Registration. The calculation is on a per sq ft, per month (unit) basis, for a particular location or street (area) and multiplied by the current property tax rate (value). The UAV is based on expected returns from the property, depending upon its location and usage. The BBMP follows a Unit Area Value (UAV) system, for calculating the amount of property tax in Bangalore payable on residential properties. See also: Know about posh areas in BangaloreīBMP property tax: How to calculate property tax? In this article, we discuss how citizens can pay property tax online in Bangalore.
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