Maha nod to not revise capital value of Mum bldgs, land

With the elections to the Brihanmumbai Municipal Corporation scheduled to be held early next year, the state cabinet on Wednesday approved a proposal not to revise capital value of building or land in Mumbai for 2021-22 in view of the pandemic. Under the Mumbai Municipal Corporation Act, 1888, the capital value, based on which property tax is paid, is to be revised every five years.

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