• Tax on residential land

We have 5 storey building and all flats are sold in ownership..except 1 flat where we living now and underground also sold too.
So as a landlord can we have to pay tax a lifetime of this land because tax bill always issue in my parents name annually.
So we can pay or not
Asked 6 years ago in Property Law
Religion: Hindu

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12 Answers

You can pay tax in respect to your share and get the tax reciepts to be transferred in your name. For sold flats the owners of same shall pay.

Shubham Jhajharia
Advocate, Ahmedabad
25513 Answers
179 Consultations

1) NA tax has to be paid by society formed of flat owners 

 

2) you have to execute conveyance  of land  in favour of society

Ajay Sethi
Advocate, Mumbai
99826 Answers
8148 Consultations

The flats have been sold and you only own a portion of it therefore you should not pay alone for any liability that arises in the future.

Regards 

Rahul Mishra
Advocate, Lucknow
14114 Answers
65 Consultations

Dear Client,

Land ownership now will be acc. to proportionate basis i.e. if 5 flats than each flat owner owns 1/5th holding in land. So now you are liable to pay tax up to 1/5th holding.

For rest land, other flat owners will pay.

Yogendra Singh Rajawat
Advocate, Jaipur
23083 Answers
31 Consultations

The nagar nigam records to be modifidmoby application from the purcheses along with the registration copy.

Vimlesh Prasad Mishra
Advocate, Lucknow
6851 Answers
23 Consultations

Yes you have to pay the tax

Prashant Nayak
Advocate, Mumbai
34550 Answers
249 Consultations

No, because assessment done annualy.

Koshal Kumar Vatsa
Advocate, Gurgaon
2282 Answers
3 Consultations

You are not liable to pay the tax of sold flat. 

Mohammed Mujeeb
Advocate, Hyderabad
19328 Answers
32 Consultations

1) You have to form society or association as per West Bengal state Society act. 

 

2) Transfer land on society's name than land property tax will come on individual flat holders name.

Ganesh Kadam
Advocate, Pune
13008 Answers
267 Consultations

1.  As YET, there is no provision to pay life time taxes, since taxes are revised periodically with increases, depending on the services and amenities of the area.

2.  Transfer the property, in the revenue records, in your name, as soon as possible, to avoid future disputes and claims.

Hemant Agarwal
Advocate, Mumbai
5612 Answers
25 Consultations

The property tax  has to be paid to the authorities concerned by the owner of the property.

If the property is on your father's name, then you get it transferred to your name by a t=registered transfer deed after which you can start paying ther taxes on your name

T Kalaiselvan
Advocate, Vellore
90028 Answers
2497 Consultations

The property has been divided or not ? 

have they paid separate stamp duty for registration of each of the flat? 

Regards 

Anilesh Tewari
Advocate, New Delhi
18103 Answers
377 Consultations

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