Property Tax
Assessment of rateable value (RV) for Mumbai

The Brihanmumbai Municipal Corporation (BMC) has streamlined and simplified the assessment of rateable value (RV) and property tax of commercial and other non-residential premises into a four-slab system, providing welcome relief to litigating landlords and property owners in the city.

No. Locality Method of Fixing The Rateable Value
01
Zone-I South Mumbai (Covered by A,B,C,D & E Wards)
 Rateable value to be fixed in such a way that the amount of tax leviable will be Rs. 12.50 per sq.ft per month, or *
02
 Zone-II Worli to Bandra G/S, G/N, H/W (Part) and H/E (Part) Wards. Rateable value to be fixed Rs 9/- per sq. ft. per month in tax, or *
03
 Zone-III Khar to Andheri and Parel to Sion F/S, F/N, H/E (Part), H/W (Part), K/E (Part) & K/W (part) Wards. Rateable value to be fixed to yield Rs 6/- per sq.ft per month in tax, or*
04
 Zone-IV Jogeshwari to Dahisar and Kurla to Mulund (Covered by K/E (Part), (K.W (Part), P/s, P/N, R/S, R/C, R/N, L, M/E, M/W, N, S & T Wards. Rateable value to be fixed to yield Rs 4/- per sq. ft. per month in tax, or*

*(The average of tax incidence in all disputed cases which were resolved as per Circular No. AC/39/Gen. dated 16.03.02, whichever is higher)
Source:The Economic Times, 18th April 2002