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Mumbai Municipal Corporation (Amendment, Re-enactment of Capital Value Rules with retrospective effect and Validation) Act, 2026

Mumbai Municipal Corporation (Amendment, Re-enactment of Capital Value Rules with retrospective effect and Validation) Act, 2026

Infrastructure20266 rules

This Act retroactively validates the property tax assessment system used by the Mumbai Municipal Corporation. It formally replaces the term "Ready Reckoner" with "Annual Statement of Rates" to align with current Maharashtra Stamp Act terminology. Crucially, the Act provides legal cover for tax assessments made between April 1, 2010, and the present, effectively nullifying previous court rulings that might have invalidated these tax calculations. For the ordinary citizen, this means that property taxes already paid or demanded during this period are now legally binding, and the Corporation is protected from refund claims, even if the previous calculation methods were legally challenged.

Start reading →Read full ActSections
  1. 1. Short title
  2. 2. Amendment of section 154 of III of
  3. 3. Amendment of Capital Value Rules, 2010 and re-enactment of rule 21 thereof, with retrospective effect
  4. 4. CV=BR x UC x NTB x AF x FF x BA” ”.
  5. 5. CV=BR x UC x NTB x AF x FF x CA” ”.
  6. 6. Power to remove difficulty

PDF: pending for this language.