Any person posses land will have to pay tax to the government. The land taxes are paid to village offices of their area. The land taxes are paid on the basis of area one occupies . This tax is paid in the village office in the name of deed holder of the property . The tax receipt is necessary for all transaction related to the property. A buyer should confirm the actual seller's name as recorded in the document . the transactions conducted without the tax receipt can be void.
Any one who possess a building either for residential or business purpose should pay building tax to the local body like Panchayat, Municipality or Corporation in which the building is constructed. The tax for thatched/concrete/half timbered etc. vary. The tax for residential and business type also vary. Tax for floor with Red Oxide, Tiles, Marble etc also vary. Usually the taxes are before the month of March every year, failing which fine of 24% is charged. Buildings are taxed on the basics of area in sq.ft.building having from 3000 sq ft onwards will have to pay luxury tax yearly and the normal building tax in the local body.Building below 3000sqft in area have to pay one time tax in the Village Office and the normal tax in the local body yearly....
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Real estate cunsulting officials at U.S.A. (Texas & Newyork) & Bombay