Procedure of Assessment of Property Tax

Annual Value of the buildings and lands is determined on the basis of reasonable
rent of properties prevailing in a locality (Mohallah, Colony, Town, Road or Street etc.),
having similar characteristics and the use of property. This reasonable prevailing rent of
properties (Residential or Commercial) in a particular locality has been transformed into
Per Sq.Yd. rent for land area and per Sq.Ft. rent for covered area in the formulation of
Valuation Tables. For general residential & commercial properties, the figures recorded
in the respective column of the valuation table shall be multiplied with the total land area
(Sq. Yard) and covered area (Sq. Feet) of the building, the figure arrived at shall be
multiplied by 12 to determine the reasonable Annual Rent Value of a property. The
procedure will involve the following steps:

a. Total land area of a property (Actual) X per Sq.Yard Rent prescribed in the
valuation table against the locality in which the property is located.

b. Total Covered Area of a property (Actual) X per Sq.Yard Rent prescribed in

the Valuation table against the locality in which the property is located.

c. (a) + (b) above X 12 = GARV

d. GARV – 10% = ARV

Note: - Road having width 30ft and above will be considered as Main Road. 
 RESIDENTIAL VALUE TABLE

Category Self Rates Rented Rates

Property Land Area @ S.Yds Covered Area @ Sq.Ft. Land Area @ S.Yds Covered Area @ Sq.Ft.
Location st
1 500 st
Exd. 500 1 3000 Exd. 3000 1 500st
Exd. 500 1st 3000 Exd. 3000
Class
Main/Off
Roads Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.

Main Roads 0.40 0.30 0.40 0.30 4.00 3.00 4.00 3.00
A
Off Roads 0.30 0.25 0.30 0.25 3.00 2.50 3.00 2.50
Main Roads 0.30 0.25 0.30 0.25 3.00 2.50 3.00 2.50
B
Off Roads 0.25 0.20 0.25 0.20 2.50 2.00 2.50 2.00
Main Roads 0.25 0.20 0.25 0.20 2.50 2.00 2.50 2.00
C
Off Roads 0.20 0.15 0.20 0.15 2.00 1.50 2.00 1.50
Main Roads 0.20 0.15 0.20 0.15 2.00 1.50 2.00 1.50
D
Off Roads 0.15 0.10 0.15 0.10 1.50 1.00 1.50 1.00
Main Roads 0.15 0.10 0.15 0.10 1.50 1.00 1.50 1.00
E
Off Roads 0.10 0.05 0.10 0.05 1.00 0.50 1.00 0.50
Main Roads 0.12 0.06 0.12 0.06 1.20 0.60 1.20 0.60
F
Off Roads 0.08 0.04 0.08 0.04 0.80 0.40 0.80 0.40
Main Roads 0.09 0.05 0.09 0.05 0.90 0.45 0.90 0.45
G
Off Roads 0.07 0.04 0.07 0.04 0.70 0.35 0.70 0.35

COMMERCIAL VALUATION TABLE

Category Self Rented

Land Area @ S.Yds Covered Area @ Sq. Ft. Land Area @ S.Yds Covered Area @ Sq. Ft.
Property
1st 1501 to 1501 to Exd.
Class situated 1st 500 Exd 500 Exd. 3000 1st 500 Exd. 500 1st 1500
1500 3000 3000 3000
main/Off Roads
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.

Main Roads 2.40 1.40 2.40 2.00 1.40 12.00 7.00 12.00 10.00 7.00
A
Off Roads 2.00 1.20 2.00 1.60 1.20 8.00 6.00 10.00 8.00 6.00

Main Roads 1.60 1.20 1.60 1.40 1.20 8.00 6.00 8.00 7.00 6.00
B
Off Roads 1.40 1.00 1.40 1.20 1.00 7.00 5.00 7.00 6.00 5.00

Main Roads 1.40 1.00 1.40 1.20 1.00 7.00 5.00 7.00 6.00 5.00
C
Off Roads 1.00 0.60 1.00 0.80 0.60 5.00 3.00 5.00 4.00 3.00

Main Roads 1.00 0.60 1.00 0.80 0.60 5.00 3.00 5.00 4.00 3.00
D
Off Roads 0.80 0.50 0.80 0.60 0.50 4.00 2.50 4.00 3.00 2.50

Main Roads 0.80 0.50 0.80 0.60 0.50 4.00 2.50 4.00 3.00 2.50
E
Off Roads 0.50 0.30 0.50 0.40 0.30 2.50 1.50 2.50 2.00 1.50

Main Roads 0.64 0.40 0.64 0.40 0.30 3.20 2.00 3.20 2.00 1.50
F
Off Roads 0.40 0.25 0.40 0.25 0.20 2.00 1.25 2.00 1.25 1.00

Main Roads 0.50 0.32 0.50 0.32 0.25 2.50 1.60 2.50 1.60 1.25
G
Off Roads 0.32 0.20 0.32 0.20 0.16 1.60 1.00 1.60 1.00 0.80
 Since the rent-ability of special type of properties is different from that of general
residential and commercial properties, therefore at the time of determining their rent-ability, the
figures recorded in the valuation table shall be adopted after subtractions and additions
prescribed.
I  Plazas and Rented- out Reduction of 10% for each floor above and below ground
Multistory Buildings  floor/Inter-floor subject to a maximum of 50% of the rate
specified in valuation table. 
II  Properties 20-30 Years (w.e.f. 1.1.2002 to 30.6.2002)
Old And 30 Years Or Reduction of 10% of the rate specified in the valuation table
More Old Properties  subject to condition that there is no addition/alteration in the
building during this period. 
(Substituted w.e.f. 1.7.2002) 
Reduction of 10% in the rate specified in the Valuation Tables
in case the property is between 20 and 30 years old;
 

Reduction of 15% in the rate specified in the Valuation Tables

in case the property is 30 years old or more. Provided that
there is no addition/alteration in the buildings referred to in
Sub Para a & b above during this period. 
III  Seasonal Use Of Reduction of 50% of the rate specified in the valuation table.
Properties Like Cotton-
Ginning Factories, Rice
Husking Mills, Oil Mills,
Ice Factories. Etc. 
IV  Buildings & Lands Used Addition of 50% in the residential rates (Self or Rented as the
as Office, Educational case may be) specified in the valuation table. 
Institutions. 
V  Hotels  In case of buildings and lands used or hotels, the rent-ability
shall be made as per following:
i) The rent-ability of land area under commercial use
excluding parking places shall be calculated on the basis of
self-commercial rates.
 

ii) The rent-ability of covered area of such buildings other that

lodging units, lobbies dinning halls, kitchens other than the
Banquet Hall, Business Halls etc. shall be assessed on the
basis of self commercial rates prescribed in the valuation
table. 
iii) The rentability of covered area let out to different
organization will be assed on the basis of commercial rates
prescribed in the valuation table. 
iv) The portions of these units being let out, as lodging units
shall be assessed on the basis of existing formula based
upon rack rates giving allowance on account of
vacancy/service change & machinery as the case may be
according to the existing procedure. 
VI  Hospitals & Marriage Commercial rates self or rented as the case may be specified in
Halls, Cinemas, Petrol valuation table. At the time of calculation of Land Area and
Pumps Etc.  Covered Area, the doctors rooms, patient rooms, wards,
operation theatres, waiting rooms/bridal rooms, Mak-up rooms
etc shall be accounted for. 
VII  Industrial Units.  Residential rates (self or rented as the case may be) prescribed
in the valuation table with following conditions:- 

Upto 1 ACRE- Above rate. 

Next 4 ACRE- Reduction of 20% in the above rate 

Exceeding 5 ACRE- Further reduction of 20% in the above

rates. 
VIII  Agricultural Land.  As per existing procedure of fixed rates per kanal. 
IX  Godowns/Workshops Reduction of 50% in commercial rate self or rented as the case
With Tin Shed  may be as specified in the Valuation Table.