Impact of Rent Control on Property Tax-Base in India-An Empirical Analysis

Base in India An Empirical Analysis Shyam Nath Urban property taxes in India are levied against the annual rental value of the property. At the same time, Indian housing policy has relied upon rent controls to constrain increases in house rents. Since the Courts have found that property assessments are to be based upon rents paid rather than on what the property would fetch in a free market, rent control has adversely affected1 the level and growth of property tax revenues in Indian cities.