Podcast
Questions and Answers
What is the cap for non-agricultural assessment in urban areas?
What is the cap for non-agricultural assessment in urban areas?
- 5% of market value
- 3% of market value (correct)
- 4% of market value
- 2% of market value
What rate is charged for industrial use in urban areas?
What rate is charged for industrial use in urban areas?
- Standard rate
- Twice standard rate
- Thrice standard rate
- One and half times standard rate (correct)
What is the assessment rate for commercial use in municipal corporation areas?
What is the assessment rate for commercial use in municipal corporation areas?
- Thrice standard rate (correct)
- Twice standard rate
- Standard rate
- Four times standard rate
On what basis does the Collector divide urban areas into blocks?
On what basis does the Collector divide urban areas into blocks?
When does non-agricultural assessment begin?
When does non-agricultural assessment begin?
What is the assessment rate for residential buildings?
What is the assessment rate for residential buildings?
What rate is charged for commercial use in non-municipal urban areas?
What rate is charged for commercial use in non-municipal urban areas?
What does the division of urban areas into blocks take into account?
What does the division of urban areas into blocks take into account?
Who can receive special directions for assessment from the State Government?
Who can receive special directions for assessment from the State Government?
For what purposes is market value primarily considered in urban areas?
For what purposes is market value primarily considered in urban areas?
Flashcards
What is the maximum assessment rate for non-agricultural use in urban areas?
What is the maximum assessment rate for non-agricultural use in urban areas?
In urban areas, the assessment for non-agricultural use is capped at 3% of the market value of the property.
How much higher is the assessment rate for industrial use in urban areas?
How much higher is the assessment rate for industrial use in urban areas?
For industrial use within urban areas, the assessment rate is 1.5 times the standard rate.
What is the assessment rate for commercial use in municipal corporation areas?
What is the assessment rate for commercial use in municipal corporation areas?
Commercial use in municipal corporation areas has a higher assessment rate of three times the standard rate.
What factors influence the division of urban areas into blocks?
What factors influence the division of urban areas into blocks?
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When does the non-agricultural assessment begin?
When does the non-agricultural assessment begin?
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What is the assessment rate for residential buildings in urban areas?
What is the assessment rate for residential buildings in urban areas?
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How much higher is the assessment rate for commercial use in non-municipal urban areas?
How much higher is the assessment rate for commercial use in non-municipal urban areas?
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What aspects are assessed when dividing urban areas into blocks?
What aspects are assessed when dividing urban areas into blocks?
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Who can receive special assessment directions from the state government?
Who can receive special assessment directions from the state government?
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How is market value used in urban areas?
How is market value used in urban areas?
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Study Notes
Urban Area Assessment Rates and Procedures
- Non-agricultural assessment in urban areas is capped at 3% of market value.
- Industrial use in urban areas is assessed at one and a half times the standard rate.
- Commercial use in municipal corporation areas is charged at thrice the standard rate.
- Urban area block division is based on multiple factors, including market value and location, not just one factor.
- Non-agricultural assessment commences on the date of actual use, not application or permission date.
- Residential buildings are assessed at the standard rate.
- Commercial use in non-municipal urban areas is charged at twice the standard rate.
- Urban area block division considers both advantages and disadvantages of various locations and factors.
- Special assessment directions for co-operative societies and housing boards can be given by the State Government.
- Market value in urban areas is vital for both assessment calculation and block division.
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