The Government of Maharashtra on February 15, 2024, issued the Mumbai Municipal Corporation (Amendment) Ordinance, 2024, to further amend the Mumbai Municipal Corporation Act.
The following amendments have been stated:
• In section 154, which states “Rateable value or capital value how to be determined”, in sub-section (1D), after clause (a), the following clause shall be inserted, namely:
"(a-1) Notwithstanding anything contained in sub-section (1C),
(i) The capital value of any building or land fixed under sub-section (1A) shall not be revised in the year 2023-24;
(ii) For the year 2023-24, the property tax bill for any building or land shall be the same as was for the year 2022-23;
(iii) The capital value of any building or land fixed under sub-section (1A) shall be revised in the year 2024-2025 as if clause (i) is not applicable for the year 2023-24."
[Ordinance No II OF 2024]
