Bhopal municipal corporation property tax

BHOPAL: The Bhopal Municipal Corporation (BMC) will soon have a Geographical Information System (GIS) in place that will facilitate management of your property and The GIS is an online system which will enroll roads, properties, water connections, water sources and important landmarks of the city into a digital base map, which can be viewed by the residents as well, officials said. “The GIS will provide a unique property code for all the commercial and residential units in Bhopal, based on which one bill will be prepared for one code. Even if owner of property changes, the code remains the same,” Himanshu Bhutt, project engineer, BMC, told TOI. The project will also allow residents to view their properties online. “The GIS will enable the residents to view their properties online and help the corporation collect property taxes from them,” BMC commissioner Rajneesh Shrivastava said. “By manual survey, we could collect only 80% property taxes from residents. However, this system will enable us to differentiate between the registered and unregistered properties and collect taxes accordingly,” he added. “We have surveyed all 70 wards under the corporation and have taken a note of all the registered and unregistered properties. It will take another six months to launch this project,” Himanshu Bhutt, said. “This will be then merged with the Municipal Administrative System (MAS) for better administration,” he added.

How to change name in Property Tax Online? Buying a house is an auspicious and quite exciting event. Given all the struggle that goes in, once you have It under your name, that feeling is ecstatic. However, with a new house under your name, there are several new responsibilities that come your way, and it is better if you understand them instead of just trying your luck every time. Any inconsistency in the legal department can quickly change the ecstatic feeling into discomfort given the strictness of the bureaucratic setup of India. There is no denying that buying a property is a tiring process, but it gets even harder when you add the piles of paperwork associated with it. Thinking about how to change the name in However, property tax documentation is often missed out by home buyers. Yet, you should always be aware that updating official records of the municipal corporation is really essential and should not be missed out on. This is essential for both sellers and buyers of any property. Until and unless the new property buyer gets the name changed in official tax records for property, old receipts of taxes will be generated in the name of the previous buyer. From a legal perspective, the previous buyer will have the liability to pay these dues since they will not have informed the municipal authorities about the transaction. Buyers should also make sure that all receipts which include water, electricity, and property tax bills should be in their names instead of the ear...

Real estate owners of Bhopal have the duty to pay property tax tolocal municipal corporation. The collected tax amount is a potential source of revenue for the Government, which is used for provide improved civic amenities. Individuals willing to purchase property in Bhopal must know about this tax amount to estimate the cost of owning a property in a year along with other property-related expenses. Read on to know aboutproperty tax in Bhopalin detail. Property tax in Bhopal is a direct tax that the Urban Local Body of the city imposes on property owners. Bhopal Municipal Corporation (BMC) administrates the collection of house tax within the city. Here, individuals must payhouse tax in Bhopalsemi-annually. As individuals now know the meaning of property tax, the next job includes learning about calculation, payment process and other essential details. Read along! While computing the house tax amount in Bhopal, BMC follows the method of the annual rental value of a property (ARV). ARV is a methodology where the gross annual rent of a property is decided by the municipal body, and the tax amount is set on the basis of the estimated value. Follow the formula mentioned below to calculate property tax in Bhopal, Bhopal Nagar Nigam Property Tax = Built-up area x Age factor x Base value x Type of building x Category of use x Floor factor Here, • Built-up area refers to the gross area of a property, i.e. total size of a house or property. • Age factor denotes the age of the proper...