There is more tax for property in the Kolkata Municipal Corporation areas as
\nthe civic body has revised unit area values for land and buildings under its Unit
\nArea Assessment (UAA) scheme. The revision, as proposed by the KMC
\nassessment department and accepted by the mayor-in-council, will lead to a hike
\nin property tax rates of residential buildings and flats of all categories.<\/p>\n
The KMC has made house tax assessment under UAA mandatory and about 35
\npercent of taxpayers have already switched to UAA while notices are being sent to the rest to do the same. The rate revision will affect around 9 lakh property owners.<\/p>\n
Faced with a cash crunch, the civic brass had decided to upwardly revise the
\nproperty tax structure but was asked by the state government to reconsider the
\nsteep hikes proposed. The current revision has been done in consultation with
\nthe state urban development and municipal affairs department.<\/p>\n
Under the UAA scheme, the city’s properties (land and buildings) have been
\ndivided into seven categories and zones based on location and amenities
\nenjoyed by residents. According to the new proposal, the base unit area value of
\ncategory A has gone up from INR 74 per sq ft per annum to INR 81 per sq ft per
\nannum.<\/p>\n
Similarly, the base unit area value for category B has gone up from INR 56 to
\nINR 62, that of category C from INR 42 to INR 46 and category D from INR 32
\nto INR 35.<\/p>\n","protected":false},"excerpt":{"rendered":"
There is more tax for property in the Kolkata Municipal Corporation areas as the civic body has revised unit area values for land and buildings<\/p>\n","protected":false},"author":1,"featured_media":4701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41532,256,68980],"tags":[],"class_list":["post-4710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-kolkata","category-poverty-alleviation"],"_links":{"self":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/4710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4710"}],"version-history":[{"count":0,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/4710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}