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  • Capital Value-based System (CVS) condemned by former mayors

    Condemning the decision of Bruhat Bangalore Mahanagara Palike (BBMP) to introduce the Capital Value-based System (CVS) of property tax in the city from April 2008, two former Congress Mayors on Thursday demanded that the existing system of calculating tax based on the annual rental value under the Self-assessment Scheme (SAS) be ...
    Posted to My Bangalore Blog (Weblog) by 248075 on November 19, 2007
  • Bruhat Bangalore (BBMP) brings with it greater taxes for property owners

    BANGALORE: Buying a property and worried about its genuineness? Your worries could be solved through the Title Insurance Policy announced in the budget, which would help the buyer to ascertain the genuineness of the property. An insurance company recognised by the Insurance Regulatory and Development Authority (IRDA) would issue the title ...
    Posted to My Bangalore Blog (Weblog) by 233134 on March 18, 2007
  • Good News! Building deviations can be regularised

    BANGALORE: After a decade of juggling with the idea and Bills presented for legislation rejected twice by the governor, the third time proved lucky for the government as well as lakhs of owners of properties with deviations. Now, those deviations can be regularised by paying penalties. The state government on February 5 approved and published ...
    Posted to My Bangalore Blog (Weblog) by 248075 on February 18, 2007