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Bengaluru's revised parking tax may increase property tax burden for homeowners

#Taxation & Finance News#India#Karnataka#Bangalore
Last Updated : 8th Apr, 2025
Synopsis

Bengaluru's municipal body, BBMP, has introduced a revised property tax calculation method for covered and stilt parking areas under the Unit Area Value (UAV) system. While the update is expected to benefit commercial entities like shopping malls, experts warn it may increase tax liabilities for homeowners. The new structure replaces zonal classifications with a standardised rate-INR 600 monthly for 150 sq ft residential parking. Critics argue that this could lead to double taxation, as parking areas are already included in super built-up calculations. Concerns have also been raised regarding BBMP's lack of regulation on roadside parking.

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