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 5, for sub-section (1), the following sub-section shall be substituted, namely:-- "(1) Subject to the other provisions contained in this Act, there shall be charged a tax (hereinafter referred to as "building tax") based on the plinth area at the rate specified in the Schedule-I on every building, the construction of which is completed on or after the appointed day.". (2) in section 5A,-- (a) 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 on the Plinth Area at the rate specified in the Schedule-II, annually on all residential buildings having a plinth area of above 278.7 Square Metres completed on or after the 1st day of April, 1999."; (b) after sub-section (2), the following sub-section shall be inserted, namely:-- "(3) There shall be a rebate of twenty per cent of the total Luxury Tax for those who pay the same in lump for five years or more. (3) in the Schedule,-- (a) for 'Schedule-I,' except note (1) to (3) thereunder, the following shall be substituted, namely:-- “SCHEDULE- I (see section 5) TABLE Rate of Building Tax Plinth Area Grama Panchayat (Rupees) Municipal Council (Rupees) Municipal Corporation (Rupees) (1) (2) (3) (4) Residential Buildings Not exceeding 100 Square Metres Nil Nil Nil Above 100 Square Metres but not exceeding 150 Square Metres 1950 3500 5200 Above 150 Square Metres but not exceeding 200 Square Metres 3900 7000 10500 Above 200 Square Metres but not exceeding 250 Square Metres 7800 14000 21000 Exceeding 250 Square Metres 7800 Plus Rs.1560 for every additional 10 Square Metres 14000 Plus Rs.3100 for every additional 10 Square Metres 21000 Plus Rs. 3900 for every additional 10 Square Metres Other Buildings Not exceeding 50 Square Metres Nil Nil Nil Above 50 Square Metres but not exceeding 75 Square Metres 1950 3900 7800 Above 75 Square Metres but not exceeding 100 Square Metres 2925 5800 11700 Above 100 Square Metres but not exceeding 150 Square Metres 5850 11700 23400 Above 150 Square Metres but not exceeding 200 Square Metres 11700 23400 46800 Above 200 Square Metres but not exceeding 250 Square Metres 23400 46800 70200 Exceeding 250 23400 Plus 46800 Plus 70200 Plus Square Metres Rs.2340 for Rs.4600 for Rs.5800 for every every every additional additional 10 additional 10 10 Square Square Metres Square Metres Metres”. (b) for 'Schedule- II' the following Schedule shall be substituted, 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 5000 3 Above 464.50 Square Metres but not exceeding 696.75 Square Metres 7500 4 Above 696.75 Square Metres but not exceeding 929 Square Metres 10000 5 Exceeding 929 Square Metres 12500".