Calculation of ARV of Building

1) Cost of construction and Cost of Land

2) 1/20 th of the above amount is called ARV

3) 22% of ARV is Property Tax

4) Out of 22% , 13% is House Tax, 2% is water and drainage tax, 3% is Scavenging tax, 3% is lighting tax, 1 % is education Tax

The cost of land appertaining to the building is calculated based on prevailing STR. If the site is for ordinary residential purpose then the multiplying factor is one. If it is ordinary commercial the cost of land appertaining building will be doubled.