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Flat Owners to Cough Up Money to Brihan Mumbai Municipal Corporation

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Mumbai Municipal Corporation is extracting money from the owners of the flat. According to the website www.propertykhazana.com, the property tax has been increased in the city. Most of the new buildings and assets which are in the city are paying approx INR 5.50 per square feet as property tax.
As per the source with www.propertykhazana.com, Most of the flat owners will have to pay the increase in the property taxes. After many years when the renovation comes up, due to the uncontrollable increase in repairs, it will force him to sell the flat, so that he can clear the dues towards the repair bills and this will also involve extracting the property taxes.
Astonishingly, the charges levied by the corporation, on the value are actually based on the standard rental procedures. The process of standard rent calculated by the Mumbai Municipal Corporation is based on the fair market and rental value of the assets. The determination of the rent is decided randomly by the Municipal Corporation.
They are charging the sewerage charges in the field of property tax and the water taxes for the same time. As a result, they are asked to make payment for same service twice in different bills. If the problem is there for a long time, then the sale in the new projects will come down very fast. For more interesting updates, please visit the website www.propertykhazana.com.
Source: NBTVLIVE

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