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    Procedure - Vacant Land Tax

    Uploaded by

    sarvani P
    The document outlines the procedure and act provisions for imposing a vacant land tax. The procedure involves obtaining registered land documents from owners and inspecting the property to verify clear title before imposing a 0.5% tax on capital land value. The act provision states that lands not used for agriculture or adjacent to buildings will be taxed at 0.05% of estimated capital land value as determined by rules. Lands up to 3 times building plinth area or 1000 sqm are deemed adjacent, with excess taxed at 0.5% of estimated capital value. Required documents include sale deeds, link documents, LRS regularization, and estimated capital and market values.

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    © All Rights Reserved
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    Procedure - Vacant Land Tax

    Uploaded by

    sarvani P
    15 views1 page
    The document outlines the procedure and act provisions for imposing a vacant land tax. The procedure involves obtaining registered land documents from owners and inspecting the property to verify clear title before imposing a 0.5% tax on capital land value. The act provision states that lands not used for agriculture or adjacent to buildings will be taxed at 0.05% of estimated capital land value as determined by rules. Lands up to 3 times building plinth area or 1000 sqm are deemed adjacent, with excess taxed at 0.5% of estimated capital value. Required documents include sale deeds, link documents, LRS regularization, and estimated capital and market values.

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    Procedure_Vacant Land Tax

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    The document outlines the procedure and act provisions for imposing a vacant land tax. The procedure involves obtaining registered land documents from owners and inspecting the property to verify clear title before imposing a 0.5% tax on capital land value. The act provision states that lands not used for agriculture or adjacent to buildings will be taxed at 0.05% of estimated capital land value as determined by rules. Lands up to 3 times building plinth area or 1000 sqm are deemed adjacent, with excess taxed at 0.5% of estimated capital value. Required documents include sale deeds, link documents, LRS regularization, and estimated capital and market values.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    15 views1 page

    Procedure - Vacant Land Tax

    Uploaded by

    sarvani P
    The document outlines the procedure and act provisions for imposing a vacant land tax. The procedure involves obtaining registered land documents from owners and inspecting the property to verify clear title before imposing a 0.5% tax on capital land value. The act provision states that lands not used for agriculture or adjacent to buildings will be taxed at 0.05% of estimated capital land value as determined by rules. Lands up to 3 times building plinth area or 1000 sqm are deemed adjacent, with excess taxed at 0.5% of estimated capital value. Required documents include sale deeds, link documents, LRS regularization, and estimated capital and market values.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    VACANT LAND TAX

    PROCEDURE:

     Registered Documents of the open plot should be obtained from the property
    owners / Registration Office and impose the Vacant Land Tax as per Act
    @ 0.5% on capital value of the land, duly obtaining the relevant documents.
     Concerned Tax Inspector / Bill Collector will inspect the property and verify
    whether the land has clear title, then proceed for imposing the Vacant Land Tax
    as per rules.

    ACT PROVISION

    Under Section 199 of GHMC Act:


    [(3) The Corporation shall in the case of lands which are not used exclusively
    for agricultural purposes and are not occupied by, or adjacent and appurtenant
    to, building, levy the taxes specified in sub-section (1), at half percent (0.05
    percent) of the estimated capital value of the lands, which shall be determined
    in such manner as may be prescribed].

    Under Section 212 of GHMC Act, any Vacant Land not exceeding three times
    the plinth area of the building including its site or a Vacant Land to the extent
    of one thousand square meters, whichever is less shall be deemed to the
    adjacent premises occupied as an appurtenant to the building, and assessed to
    tax in accordance with the provisions of this section and the area, if any, in
    excess of the said limit shall be deemed to be land not occupied by or adjacent
    and appurtenant to such building (and the tax shall be levied thereon at 0.50
    percent of the estimated capital value of the land).

    List of Documents :

    1. Registered Sale Deed

    2. Link documents attested by the Gazetted Officer

    3. LRS Regularization, if any.

    4. Latest E.C. and Market Value.

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