The Government of Maharashtra on March 18, 2024, issued the Mumbai Municipal Corporation (Amendment) Act, 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),
o The capital value of any building or land fixed under sub-section (1A) shall not be revised in the year 2023-24;
o For the years 2023-24, the property tax bill for any building or land shall be the same as was for the year 2022-23;
o 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."
• The Mumbai Municipal Corporation (Amendment) Ordinance, 2024 is hereby repealed.
o Notwithstanding such repeal, anything done or any action taken (including any notification or order issued) under the corresponding provisions of the principal Act, as amended by the said Ordinance, shall be deemed to have been done, taken or, as the case may be, issued under the corresponding provisions of the principal Act, as amended by this Act.
This notification shall be deemed to have come into force from February 15, 2024.
[Notification No XXII OF 2024]
