Staff Reporter

BBMP says tax is not based on capital value

of the property

People will be given time to file their objections

and suggestions

Bangalore: The Bruhat Bangalore Mahanagara Palike (BBMP) on Monday insisted it has been following the law enacted by the State Government with regard to collection of property tax as per the ordinance issued on October 25 and the law does not permit calculation of tax based on capital value of the property.

Taking serious exception to the statement issued by the Federation of Karnataka Chambers of Commerce and Industries (FKCCI) that CVS system was indirectly being introduced, the BBMP Commissioner has clarified that Unit Area Value (UAV) system as decided by the Government was not capital value of the property.

The UAV is a unit rate fixed by the BBMP for different zones like it was done earlier, the Commissioner stated in a press release while adding that “FKCCI should exercise due diligence while making statement as irresponsible statements will confuse the public.”

According to the release, people will be given 21 days time (from the date of publication of zones fixing unit area value for different areas) to file their objections and suggestions.

Draft notification

The Commissioner has also made it clear that draft notification publishing zones fixing unit area value could be issued only after the Government issued draft rules, which was published by the Urban Development Department on November 18.

“The BBMP is in the process of issuing notification classifying zones and rates and it would be published shortly to allow the public to give their suggestions and objections on them.”

The Commissioner has also clarified that the Ordinance and draft rules on property tax were issued by the Government keeping the assurance made to the citizens during a public hearing held in July.

“The people, soon after the publication of draft notification classifying zones and rates, themselves can assess whether these actions are as per the assurance given to them by the Government during the public hearing.”