Ahmedabad civic body offers 25% tax discount on houses of 40-70 sq metres

February 18, 2022
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Ahmedabad civic body offers 25% tax discount on houses of 40-70 sq metresAHMEDABAD: The civic body has announced a flat 25% discount on property tax on houses with a carpet area measuring above 40 sq mt (430.5 sq ft) and below 70 sq mt (753.5 sq ft). In 2021-22 (Mar-Apr) civic body had waived property tax from residential properties with 40 sq mt carpet area and smaller than it.

This decision means that the tax discount will benefit property owners of two bedroom, hall and kitchen (BHK) houses also. Carpet areas of average 2 BHK being offered in the city are around 750 sq ft.

A release from Ahmedabad Municipal Corporation (AMC) said that it has announced this flat discount for 2022-23. The decision was taken in the meeting of the civic body’s standing committee held on Thursday.

The committee also approved the proposal of offering discounts to properties located in areas that were newly merged with AMC. The civic body will offer 75% discount to such properties in the first year, 50% in the second year and 25% discount on the third year.

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