Bengaluru Residents Take Notice: A New Property Tax Structure Is Coming April 1st; Expected To Raise Rent Burden

Bengaluru: Property owners who have leased their houses for residential and commercial reasons in Bengaluru city may face an extra burden as a result of the Bruhat Bengaluru Mahanagara Palike’s guideline value-based property tax, which is set to take into effect on April 1.

Tenants, who currently face rising rental prices, should expect their rents to rise much more as a result of this significant increase in property tax values.