Good news for Mumbaikars! No hike in property tax in Mumbai till Covid situation improves

In 2020, the Maharashtra authorities had determined to slash the stamp responsibility on sale deed paperwork.

Mumbai Property Tax: There’s a piece of fine information for these dwelling in Mumbai, who must pay property tax. ANI in a tweet has knowledgeable that the Mumbai Mayor has taken this choice. “There can be no hike in Property tax in Mumbai until the Covid scenario continues. We don’t know the way lengthy it should take however until then we won’t burden Mumbaikars by rising the property tax,” Mumbai Mayor Kishori Pednekar has mentioned.

Earlier, it was anticipated that the property homeowners in Mumbai could must shell out the next tax this yr. The gathering of property tax relies on the newest prepared reckoner charges of the yr.

One of many elements to calculate property tax is the Prepared reckoner charges which give the true market worth of immovable property like land, residential, industrial industrial.

There can be no hike in Property tax in Mumbai until the #COVID scenario continues. We don’t know the way lengthy will it take however until then we won’t burden Mumbaikars by rising the property tax: Mumbai Mayor Kishori Pednekar

(File pic) pic.twitter.com/RN3Xpat8r5

— ANI (@ANI) June 18, 2021

In 2020, the Maharashtra authorities had determined to slash the stamp responsibility on sale deed paperwork by 3 per cent between September 1 and December 31 2020 and the comfort was to proceed with the two per cent reduce from January 1 to March 31 2021.

This newest choice on Property tax in Mumbai is predicted to supply some aid to the property homeowners particularly in these occasions when Covid-19 is impacting monetary place of the people.