I Home I Search I Sitemap I
          One stop for all your Property needs...
| About Us | Projects | Services | Advertise Property | Contact Us | Enquiry |
Asset's Serene       

A premier Farmland project in Mysore... Just launched !

Business Partnership Programme
latest Property
Real Estate News
News updates on the real estate scene will be highlighted in this section             more >
Nri Guide
Asset Shoppe provides guidelines of considering property for NRIs in India                                       more >
Housing Loans
Asset Shoppe will put across different housing loans and their benefits for its users, enlightening the users  more >
General FAQ’s on property dealings and their ways will be provided and updated in this section.                     more >
Market Watch
Expert Real Estate comments on the future and present market trends will be provided                                       more >

Pay property tax, avoid penalty

The last date for payment of property tax is May 31 and you can it at a citizen service center.

It is time for property owners to pay their property tax. And the deadline is May 31. Paying property taxes was a worrisome issues for Bangaloreans as the system was plagued with confusion of whether taxes would be collected under CVS (capital value system) or SAS (self-assessment scheme). Recently, the BCC has come out with a resolution that taxes would be collected under SAS and tax paid now will be set off against any difference arising after introducing the CVS.

This year, the BCC has made paying tax much easier with the option of paying taxes at Bangalore One centers along with citizen service centers where you can pay tax through cash or cheque and get a receipt on the spot. The system has come as a respite for residents who have found it user-friendly. The voluntary disclosure scheme enables residents to calculate the tax on their own, going by the rates prescribed by the BCC.

The BCC has introduced a booklet about the scheme that gives details on calculating tax, the nitty gritties, and frequently answered questions. For the purpose of collecting tax on the self assessment scheme, the city is is divided into 16 property zones based on the market value, and rates for the land and construction was fixes accordingly.

How it works

As per the Karnataka Municipal Corporation Act, 1976, the basis of calculating tax under the SAS is Annual Ratable Value (ARV). Here the tax Payable is calculated on the basis of the rent received by the property owner annually and the parameters include location, cost of construction at current market rates, status of occupation, status of use, and depreciation. Probable gross rent of a property is taken into account and 20% for commercial establishments as tax.

If you are already on SAS

If you are an existing property is taxpayer on SAS module you can pay your property tax at the following offices in which the citizen service centers are located:

  • Head office: N R Square. Phone: 22975500.
  • Office of Deputy Commissioner (West), Banhyam Park, Malleswaram. Phone: 22975600
  • Office of Deputy commissioner (South), 9th Cross-, 9th Main, Jayanagar 2nd Block. Phone: 22975700
  • Office of Deputy Commissioner (East), Public utility Building, M.G.Road.
    Phone: 22975800.
  • All assistant revenue offices.
    The citizen centers are open on all days except Sundays and national holidays between 10.30 am and 5.30 pm.

    Prev  Next
---------------------------------------------------------------View our Privacy Policy-----------------
Asset's Habitat        

A premier residential layout at Mysore... Just launched !

Advance Property Search
This section will provide a detail search for properties by Locality, Price, City, Property type etc.                    more >
Builders Property
Click here to view various special builders properties of Asset Shoppe.         more >
Client Feedback

I would like to thank you for helping me purchase a property

more >

    Copyrights Reserved © 2006 Asset Shopee.                                                                     Powered By Biznet Communications.