BBMP issues draft notification to restructure property tax calculation

BBMP issues draft notification to restructure property tax calculation residential zone classification e Zonal Classification - Residential - SAS · 1) WARDS 67,68 & 69 - KORAMANGALA · 2) WARDS 70,71 & 76 - SHANTHINAGAR · 3) WARDS 72,73,74 & 75 residential zone classification declared by tax payer The first reclassification was done by BMP for three core city areas, West, East and South It divided an area into five zones – A B C D and E –

residential zone classification declared by tax payer For residential properties, the present zonal classification under Zone E: Tenanted: Rs per sq ft; Self-occupied: Rs per

residential zone classification e The zonal classification for every property will henceforth be auto-populated in the portal Neither property owners nor department officials In the draft, BBMP has proposed to do away with the 'A B C D E' zonal classification and replace it with taxation based on guidance value