1. Site area 2,385sqft.
2. Total built-up area - ground plus first floor 1,200sqft.
3. Number of floors including basement floor 2.
4. Area of land occupied by the building in sq ft. 1,000 sq ft.
5. Land guidance value per sq ft. (additional
10% over guidance value if it is a corner
site/site having roads on either side). Rs.4,000/sq ft.
6. Year of construction and age of building 1968.
7. Category of building - (mosaic and teak wood) Rs 580 and
Rs520/sq ft.
8. Cost of construction per sq ft. Rs 600.
9. Area occupied by owner in sq ft.
(ground floor/ other floor) 1,200 sq ft.
10. Area occupied by tenant in sq ft.
(ground floor/ other floor) -------.
11. Proportionate extent of land occupied by
building under self occupation in sq ft.
(A9 divided by A2) multiplied by A4. 1,200 sq ft.
12. Proportionate extent of land occupied by building under ten ant occupation in sq ft. (A10 divided by A2) multiplied by A4.
1. Pro-rata land value for owner occupied portion (take 50% value of column A5 and multiply by the extent mentioned in column (A5 X A11). Rs. 20,0000
2. Pro-rate land value for tenanted portion (take 50% value of column A5 and multiply by the extent mentioned in column (A5 X A12).
1. Cost of construction for owner occupied
portion (A9 X A8). Rs. 7,20,000
2. Rate of depreciation as per column A6 33 %.
3. Depreciation amount (C1 X X2). Rs 2,37,600
4. Net value of building under owner
occupation (C1 - C3) Rs 4,82,400
1. Cost of construction for tenanted portion (A10 XA8).
2. Rate of depreciation as per column A6.
3. Depreciation amount (D1 X D2).
4. Net value of tenanted portion (D1 - D3).
1. Property tax for owner occupied portion
(B1+ C4 X 0.5% divided by 1/2). Rs. 6,206
2. Property tax for residential tenanted portion
(B2 + D4 X 0.5%).
3. Total property tax (E1 + E2). Rs 6,206.
4. Calculate cess at 24% of column E3
(includes beggary, library and health cess). Rs. 1489
5. Total property tax payable (E3 + E4). Rs 7,695.
6. Deduct 5% rebate on column E5 if paid before April 2008.
7. Net property tax payable (E5 minus E6).