If you own a flat in Bangalore, you should pay a flat tax each year to the Bruhat Bengaluru Mahanagara Palike (BBMP). This BBMP is a local municipal body, and it uses the collected tax money for civic facilities like Public parks, roads, and many more in Bangalore. BBMP follows a system named Unit Area Value (UAV).
With the help of this UAV system, the amount that needs to be paid for a flat tax is calculated. BBMP Flat tax amount is not the same throughout Bangalore. It varies with different regions, the nature of the usage, and expected returns. This guide will help you on how to pay flat tax in Bangalore.
People who own a flat should pay a flat tax in Bangalore every year. From April 1st through March 31st of the following year, residents of Bangalore are subject to a unified tax rate. For example, If you own a flat and looking to pay tax for FY 2023-2024, you should pay it before the last date of March 2024.
If you are paying the flat tax for the first time, you should be clear of certain things before paying tax. Firstly, you should know the annual value of your flat. Then, know about the classification of your property. In the case of a flat, your property is classified under Residential property. Other things to know to pay flat tax in Bangalore are the dimension, built-up area of your flat, total number of floors, including the basement in your flat, and built-up area of each Floor.
You have two options to pay a flat tax in Bangalore. You can pay it either manually or online.
You can visit the official BBMP Property tax portal and click the ‘Download’ option. Click ‘Receipt Print’ from those three options. Once done, now select the Assessment year and enter the Application number. After entering the Captcha code, click ‘Submit’ and download your receipt.
Birla Trimaya has elite homes built by Birla Estates Private Limited at BK Halli Road at Devanahalli. The vast project in North Bangalore is near the airport and covers an area of 53 acres. It has a total of 3000 units, which include apartments and villas. Phase 1 of the project is being launched and has 600 homes.
There are 1, 2, and 3-BHK apartments and duplex units in the enclave. The array of homes here has been planned out to meet every buyer’s needs. The Vaastu-compliant residences are filled with light and have plenty of ventilation. The homes are laid out to be the ideal modern residences.
The prices of the homes at Birla Trimaya Price will meet the budgets of different buyers, and the 1-BHK apartments are approximately Rs. 45 to 50 lakhs. The 2-BHK homes are approximately Rs. 80 lakhs, and the 3-BHK apartments are between Rs. 1 crore to Rs. 1.2 crore. The duplex homes at the project cost approximately Rs. 2.2 crore.