The state legislative council on 8th April 2011 introduced changes in provisions related to the proposed switchover to a capital value-based tax assessment regime.
As per the capital value system, tax for residential properties in the city could not rise above two times the current value, while the limit for non-residential ones was three times the existing value.
Source: Times of India
As per the capital value system, tax for residential properties in the city could not rise above two times the current value, while the limit for non-residential ones was three times the existing value.
Source: Times of India