Vacant Land Tax (VLT) is levied on unoccupied plots of land in Tamil Nadu by the municipal corporations or local governing bodies. To know about how to calculate vacant land tax in Tamilnadu, let me tell you that the tax is calculated based on the land's size, location, and classification as per the municipality's rules.
How to Calculate the Vacant Land Tax in Tamilnadu?
Each local body determines its VLT rate, which is usually expressed as a percentage of the land's Guideline Value (GLV). The GLV, also known as the circle rate, is the government-notified minimum value of the land in a specific location.
Visit the Tamil Nadu Registration Department’s official website or your local Sub-Registrar’s Office to find the guideline value of the land. Ensure accurate measurement of the vacant land in square feet or acres as required.
The basic formula for VLT calculation is:
Vacant Land Tax = Land Area (in sq. ft.) × Guideline Value × VLT Rate
For instance, if the land area is 5,000 sq. ft., the guideline value is Rs. 100 per sq. ft., and the VLT rate is 0.2%, the tax would be: 5,000×100×0.002= Rs. 1,000
Some municipalities may impose additional cess or charges for infrastructure development or maintenance.
Calculate and pay the VLT through the official municipal website or by visiting the local municipal office. This is
how to calculate vacant land tax in Tamil Nadu
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How To Calculate Vacant Land Tax In TamilNadu?
monu
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2024-11-29T15:49:37+00:00 2024-12-02T00:36:43+00:00Comment
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