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The Hindu
The Hindu
National
Special Correspondent

GHMC amends monthly rental value without notice

GHMC

The Greater Hyderabad Municipal Corporation (GHMC) has come up with an amendment in calculation of monthly rental value of residential properties for calculation of property tax, in order to do away with human intervention.

However, the new method obliterates the difference between the privileged and the underprivileged home owners in terms of rate per sft. Approval of the GHMC Council has not been sought for the amendment in calculation.

Unlike earlier where the monthly rental value would be fixed based on the type of property, in the latest method, the rate is applicable uniformly irrespective of the kind of property. Accordingly, the MRV will be ₹1.25 per square foot if the property is in Jubilee Hills, and ₹1 per sft if its located in other circles.

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