Amendment status not verified — confirm the current text below against the official source.
In the Kerala Building Tax Act,1975 (7 of 1975),-- (1) in section 5A, for sub-section (1) the following sub-section shall be substituted, namely:-- "(1) Notwithstanding anything contained in this Act there shall be charged a luxury tax based on the plinth area at the rate specified in schedule II, annually on all residential buildings having a plinth area of above 278.7 square metre completed on or after the 1st day of April, 1999.". (2) the existing Schedule shall be numbered as 'SCHEDULE I' and after the Schedule as so numbered, the following Schedule shall be inserted, namely:-- "SCHEDULE II (See section 5A) TABLE Rate of Luxury Tax Sl.No. Plinth Area Limit Rate (Rs.) (1) (2) (3) 1 Not exceeding 278.7 Square metres Nil 2 Above 278.7 Square metres but not exceeding 464.50 Square metres 4000 3 Above 464.50 Square metres but not exceeding 696.75 Square metres 6000 4 Above 696.75 Square metres but not exceeding 929 Square metres 8000 5 Exceeding 929 Square Metres 10000".