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The parking system tax changes were proposed by the Bruhat Bengaluru Mahanagara Palike last month.
The tax changes are based on unit area value (UAV). (Representative Image)
The Bruhat Bengaluru Mahanagara Palike (BBMP) has introduced a new property tax calculation method for both covered and stilt parking spaces in buildings. While the method could potentially benefit shopping malls, experts believe homeowners will face more tax burdens in the coming days. The decision has been made in a bid to bring more uniformity and ease the financial burden on property owners.
In an official notification issued last month, BBMP chief commissioner Tushar Girinath proposed the changes based on unit area value (UAV), specifying how the unit area rate is computed for private parking. He also asked the public to submit inputs or objections within seven days. The revised parking tax structure came into effect on April 1, 2025.
The revised Unit Area Value (UAV) will make residential building owners pay 20 per cent of the parking area at Rs 2 per square foot for 10 months, totalling Rs 600 per month. For non-residential areas, the UAV will be at 25 per cent of the parking area for 10 months.
Prior to this, the parking tax made up 50 per cent of the total property tax for residential units and varied based on zonal classification. The uniform charges were applicable to all buildings, ensuring a more structured and predictable tax framework.
To calculate the figures, if residents with parking lots in Zone A paid Rs 1,875 and Zone F paid Rs 750 per year, they will now have to pay a standardised amount for a 150-square-foot parking area as required by the BBMP bylaws.
On the other hand, BBMP has also allowed property owners to have stilt floors of up to 4.5 meters, stating that they will not be included in the total building height calculation.
“To tackle the issue of vehicle parking on the roads, the BBMP increased the permissible stilt height to 4.5 metres while excluding it from overall building height calculation,” said Special Commissioner Harish Kumar.
