Nupur Antrolikar

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Mumbai property tax to be based on CV system: Supreme Court

Jun 27, 2023 | housing.com | Amit Wadhwani |Nirali Shah |Nupur Antrolikar

In a recent order, the Supreme Court (SC) has settled a long-standing dispute between Mumbai property owners and developers and the Municipal Corporation of Greater Mumbai (MCGM) about the power and entitlement of the corporation to levy property tax based on the capital- value (CV) system as opposed to the prevalent rateable-value (RV) system. What is property tax?

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