Recently, one of my friends asked me is property tax applicable for properties under 500 sq. ft. I was unsure about it, so I researched. During research, I found that property tax applicability for residential properties under 500 sq. ft depends on the city.
In many Indian cities, especially if you see in metropolitan areas like Mumbai, residential properties measuring up to 500 sq. ft. are exempt from property tax. This exemption is part of local government policies. It benefits economically weaker sections and promotes affordable housing.
However, this rule is not applicable uniformly across India. BBMP usually charges a minimal tax on flats below 500 sq. ft.
Property tax exemptions depend on the municipal corporation's regulations in each city or state.
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Is Property Tax Still Levied on Properties Less than 500 sq. ft in Area?
NITA TALATI
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4 months
2025-08-04T09:49:37+00:00 2025-08-04T09:49:39+00:00Comment
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