Bangalore Parking Tax Revised From April 1: Here’s How Much Residents Will Pay

Bangalore Parking tax: The Bruhat Bengaluru Mahanagara Palike (BBMP) has revised tax rates for parking spaces in commercial as well as residential properties from Tuesday 1 April, 2025. The revised tax rates for two wheeler and four wheeler parking spaces is likely to benefit commercial property owners but may raise tax burden on independent houses and apartment owners, reported Indian Express.

The Chief Commissioner of BBMP approved the revision of the parking fee rates for all commercial parking areas under BBMP's jurisdiction. For the convenience of people, BBMP also elucidated the revised Bangalore parking tax rates under the new Unit Area Value System (UAV) with the help of an example.

Bangalore Parking Tax: How much you have to pay for commercial and residential spaces?

Commercial spaces include real estate used for business purposes like offices, retail stores, warehouses, industrial facilities, malls, shopping complexes, etc. Whereas residential properties are independent houses and multi storied apartments owned by individuals.

In a latest social media post, BBMP shared a calculation of the parking tax Bangalore residents have to pay for their commercial properties and residential properties.

Residential properties owners have to pay Rs 600 annually for a 150 square feet slot as property tax on parking. BBMP explained the tax based on formula: Residential properties: Rs 600 per year for a parking slot in an apartment complex (20% of UAV × Area × 10 months).

For commercial and non-residential properties, owners have to pay Rs 1125 per year for a 150 square feet slot.

Revised Bangalore parking tax to benefit shopping mall owners

The revised parking rates are likely to benefit commercial property owners as the property tax on parking spaces has been reduced. It will mainly benefit shopping malls in Bangalore, where the parking space tax has been reduced from Rs 8 per parking slot to Rs 3 per slot, reported Indian Express.

Revised Bangalore parking tax: Trouble for independent houses, apartment owners?

According to an Indian Express report, the change in property tax on parking space may increase expenses of individuals who have declared parking spaces on their residential properties. As per IE report, independent houses and apartment owners who have showed parking spaces in their property would have to shell out more tax.

Before the implementation of the revised parking tax in Bangalore, the tax used to vary based on six different zonal classifications. The jurisdiction of BBMP has been classified into 6 value zones based on the published guidance value of the Department of Stamps and Registration. It used to be nearly 50% of the total property tax for residential units. The old tax system for parking spaces in Bangalore properties used to significantly burden commercial spaces.

Amid concerns about the possible negative impact of Bangalore parking tax revision, the Bangalore Apartments Federation (BAF) raised concerns that the tax could increase burden on individuals after revision.

"We will share our objections within the stipulated time," said a BAF governing body member.Real estate body CREDAI Bengaluru also raised concerns that the revised tax could be higher," Deccan Herald quoted a BAF governing body member. For property owners, including apartments, covered parking area, including stilt parking is assessed to property tax of the unit area fixed for the zone by BBMP in Bangalore.