| You may wish to change the name
of inheritance or purchase. No changes are made
in case of property where, past dues to VMC have
not been paid. |
| Apply in the prescribed form. |
| Documents required for application:
|
(A)
For inherited property
(1) A certified copy of the latest property
card issued by the city survey office, and
(2) A certified copy of death certificate of
the original owner, or A certified copy of the
will or distribution agreement.
(B) For purchased property
(1) A certified copy of property card issued
by city survey department, and(
2) A certified copy of index issued by the registrar
office, and
(3) A certified copy of sale deed issued by
the registrar office. |
| 30 days from the date of receipt
of application. If the applicant receives no reply
within stipulated time, please contact the Assistant
Municipal Commissioner concerned. |
For
the purpose of property Tax corporation assesses
the property and tax fix the ratable value.
Now from the year 2003-04, scheme of Area bare
Assessment is adopted.
You can assess your property at your own; for
these the following counts to be taken in to
account.
(1) First, you have to ascertain
whether your property is Residential or Non-residential,
(2) Total Area of your property
covered by four walls and ceiling in saare meters
(3) Rate of tax applicable
if it is Residential, the present rate is Rs.10/-
and if it is non-residential then it is Rs.20/-
(4) Site factor; you have to
locate your property in which zone it falls
and take the concerned multiplying ration for
this; you can have this information from Assessment
Dept. of VMC.
(5) Age Factor: You have to
determine the age of your building.i.e. How
old is your building Take the corresponding
multiplier. The detail of this factor can also
be had from Assessment dept.
(6) Use Factor: You have to
locate the use factor multiplier, by taking
into account the use of your building. The same
is also available with Assessment Dept.
(7) Occupancy Factor: Whether
you occupy your building as owner or tenant.
Once if is ascertained you may get the multiplying
ration After receiving all this information;
you have to Multiply Area X Rate X Site Factor
X Age Factor X Use Factor X Occupancy Factor
= Your property Tax
Now from above information;
you may realize that flow easy is the calculation
of property tax. |