Naduvakkarai used to be quiet suburbia in the northwestern part of Chennai. But soon enough, the town started to attract a lot of relevant attention. The Tamil Nadu housing and urban development department transformed the small town into a planned and modern residential district. The residential zone is named after the former prime minister of Tamil Nadu C.N. Annadurai. Anna Nagar is perhaps the only residential district in Chennai that follows the western standard address system, and roads in the area are laid in a grid. The green line of the Chennai metro passes through this locality. Thirumangalam, Anna Nagar Tower, and anna Nagar east stations are within walking distance.

The locality is flanked by New Avadi road to the west, The Grand northern trunk road to the east. And is extremely well connected to employment hubs like Padi industrial area, Ambattur industrial estate, SIDCO industrial estate, Ambit IT Park, Prince Info Park, and Kochar Technology Park. The locality is known for its extensive retail infrastructure, alongside all kinds of shops and stores. VR Chennai Mall, AMPA Skywalk, and Spectrum the Grand Venus mall are within accessible distance. The amenities are well supplied and infrastructure for the same is closely monitored and maintained. Also, when it comes to recreational options, Anna Nagar Tower, Tower Park, and Millennium Park are the prime destinations that can be accessed by Anna Nagar residents.

Top gated communities in Anna Nagar, Chennai.

1. Prestige Bella Vista, Anna Nagar

Occupying over 25 acres of land, this project flaunts 33 well-furnished buildings. All of them are supplied generously with all the necessary amenities. And, are guarded by layered security systems 24*7. The facilities include Swimming Pool. Tennis Court, Squash Court, Aerobics Room, Basketball Court, Badminton Court, Cycling & even Jogging Tracks. The project also houses, ATMs, Spas, Saunas, a gymnasium and a library that are easily accessible to the residents.

Highlights and amenities of Bella vista
Type of apartments: 3 BHK, 4 BHK
Area per apartment: 1800 sq. ft. – 2621 sq. ft.
Number of apartments: 2613

Address: Mount Poonamallee Rd, Iyyappanthangal, Chennai, Tamil Nadu 600056

2. The Gardenia, Anna Nagar

The gardenia is a residential tower established by the Ozone group. The styling and architecture are contemporary, and the exterior matches the interior with finesse. The Gardenia aims to provide a world-class residential experience by making available an Infinity Swimming Pool, Lift, Gymnasium, Visitor Parking, Jogging and Strolling Track. The place is well guarded by an adept team of guards who are well-equipped with technology.

Highlights and amenities of The Gardenia
Type of apartments: 4 BHK
Area per apartment: 2475 sq. ft.
Number of apartments: 32

Address: 4th Ave, AK Block, Anna Nagar, Chennai, Tamil Nadu 600040

3. Pushkar Harrington residences, Anna Nagar

Pushkar Harrington residences are known for their eco-friendly and robust construction and premium brickwork. It is made to resist dampness, is of better quality, and has an excellent thermal insulation system. The tower is supplied generously with all kinds of amenities and is well-guarded 24*7.

Highlights and amenities of Pushkar Harrington residences
Type of apartments: 3 BHK
Area per apartment: 1884.00 sq. ft.
Number of apartments: 12

Address: No37, R block, Anna Nagar 3rd Main Rd, Block R, Anna Nagar, Chennai, Tamil Nadu 600040.

4. AURA by Hirani foundations, Anna Nagar

Aura is a residential tower located at a prime location in Anna Nagar. Shopping malls, and movie theatres. Markets, schools, hospitals and even the police station are within a very short distance. The tower is supplied with the amenities uninterruptedly. And the place is guarded efficiently 24*7. The project is still under construction, naturally a modern project with all the modern amenities needed for thriving in 2022.

Highlights and amenities of Aura
Type of apartments: 2 BHK, 3 BHK
Area per apartment: 1024 sq. ft. – 1373 sq. ft.
Number of apartments: 30

Address: 36H2+X9H, 14th Main Rd, Old Tirumangalam, Anna Nagar, Chennai, Tamil Nadu 600040

5. Ozone Metrozone, Anna Nagar

Ozone Metrozone is about a lot of space and a high, healthy standard of living. The project occupies a staggering 40 acres of land, of which 70% is open space. The project flaunts 28 mighty towers that are well-furnished both on the exterior and the interior. Facilities include Service Lift, Gymnasium, RO Water System, and Power Backup. And for sports lovers, there’s a Volleyball Court, Basketball Court, Badminton Court, Cycling & even Jogging Tracks.

Highlights and amenities of Ozone Metrozone
Type of apartments: 3 BHK, 3.5 BHK, 4 BHK, 5 BHK
Area per apartment: 1555 sq. ft. – 5022 sq. ft.
Number of apartments: 2131

Address: 44, Pillaiyar Koil Street, Behind Vcare Hospital, Off, 100 Feet Rd, Anna Nagar, Chennai, Tamil Nadu 600040

Things to do in Anna Nagar, Chennai

1. Satisfy your spiritual needs and grab a piece of history

Chennai is home to temples 100s if not thousands of years old. One can easily find spiritual refuge in any of them due to the musical rituals and tranquillity. Siru Tirupathi – Perumal Temple, and Vadapalani Murugan Temple are two temples that the residents of Anna Nagar can easily access. Both places are busy during the puja hours. Outside of the same, they are quiet and offer a meditative environment.

2. Satiate your culinary demands in style

Anna Nagar is home to quite a few culinary establishments. And in terms of options in cuisine, there are no shortages. In Anna Nagar, a night out for dinner can never go wrong. One can visit Haunted restaurant for South Indian food with a touch of innovation. For Chinese, The Cascade restaurant. And for continental, Asian and north Indian food the Cycle Gap is the best destination.

3. Move on from your “last week” with amazing brews

Alongside amazing dining establishments, Anna Nagar houses many premier drinking establishments. The Opium Bar and flying bottles are among the best in town. These places are easily accessible for most residents. And are unique in their rites. They serve wonderful food and the ambience does perfect justice to their every serving. For spending a lonely weekend evening or maybe for occasional detoxification of the mind these places have no alternatives.

4. Experience exclusiveness and finesse at Sera-the Tapas Bar

Sera is known for its wonder-full Spanish food and diverse offering of drinks. The cocktails are memorable and the restaurant is widely respected for its consistency in terms of taste and innovation. Alongside delicious Spanish food and amazing cocktails, sera provide a wonderful environment that complements the music and the food. At Sera, it is possible to drop by with family and make every moment count.

5. Finish off your day in sweetness with Amadora

Amadora is a dining experience concentrating on Gourmet Ice cream and Sorbet. Their years of busy existence helped in finetuning their taste and aligning it better with their customers. Here one can easily find Twix Cake, Watermelon Sorbet, Chocolate Brownie Ice Cream, Chocolate Ganache Cake, Mango Sorbet, and Caramel Ice Cream. All their offerings are tried, tested and successful in satiating the cravings of Anna Nagar.

Places to visit in Anna Nagar, Chennai

1. Chennai rail museum

Occupying over 6.5 acres of land, the museum houses technical exhibits carrying lengthy heritage. It was opened to the public back in 2002, and since then, it has been a major attraction. The museum houses specimens of steam engines and all kinds of old locomotives from as earlier as the British raj era. And flaunts a rail wagon restaurant within their premises.

Address: Next to ICF Furnishing Division, New Avadi Rd, Villivakkam, Chennai, Tamil Nadu 600038

2. Tower Park

Anna Nagar Tower Park is a prime attraction in the locality. The park houses the tallest park tower in the entire Chennai, and the premises are extremely well-maintained. The astonishing aspect is the park’s localization. It is nestled at the very heart of a thriving commercial sector and occupies a large area. The tower is close to the public, but the rest of the park is very accessible. A perfect destination for a stroll or spending some quality time with family.

Address: Tower Park, Anna Nagar 3rd Main Rd, X Block, Tower Park, Anna Nagar, Chennai, Tamil Nadu 600040

3. Second avenue shopping district

The second avenue shopping district is a huge open market .7 Km in length to be exact. All kinds of stores can be seen catering to a plethora of daily needs. One can find everything from electronics, clothing, footwear, good food, banks, bakery and even furniture in the market. And the extreme competition helps keep the prices reasonable. Indeed, one destination for a multitude of shopping needs.

Address: Second Avenue, Anna Nagar, Chennai, Tamil Nadu 600040

4. The sports complex at Shenoy Nagar

The corporation sports complex at Shenoy Nagar is a multi-sports centre under one roof. The palace is maintained by the government and has all the amenities supplied in an abundance. The attention to maintenance and hygiene is also remarkable. The complex houses tennis courts, an aquatic sector, and even a basketball stadium. The place to be for ensuring fitness amidst all the stress and bustle of a metro city.

Address: 36JG+CH2, E Club Rd, Shenoy Nagar, Chennai, Tamil Nadu 600030

5. Anna Arch

The Twin arches of Anna Nagar were built to celebrate the platinum jubilee of the great chief minister C.N. Annadurai. The marvel was designed by Ganapathy Sthapathi and completed in 1985. These arches are located at the southern entry point to Anna Nagar as a twin gateway. These arches are located at the junction of Poonamallee High Road and Anna Nagar Third Avenue and close to Tower Park.

Address: Anna Arch Rd, Chennai, Tamil Nadu 600040

FAQs about Anna Nagar, Chennai

Neighbourhood

Besant Nagar is one of Chennai’s most gorgeous and upscale residential areas. It is close to many prominent city landmarks, such as Elliot beach, Sri Ashtalakshmi temple and the Karl Schmidt memorial. The tranquil nature of Besant Nagar has managed to entice people from different backgrounds and forced them to fall in love with it. There are numerous recreational areas, schools, colleges, hospitals and marketplaces near Besant Nagar. It also has an extensive public transportation network, allowing the residents seamless access to all the other parts of the city. Besant Nagar is a magnificent place to move in for people from all kinds of backgrounds.

Top gated communities in Besant Nagar, Chennai.

1. Shreyas Apartments, Besant Nagar

Shreyas Apartments is an upscale residential complex located on the 29th cross street of Besant Nagar. It looks to provide the residents with a fulfilling lifestyle by providing necessary amenities at their fingertips. Some of the amenities on offer are a clubhouse, private garden, private terrace, power back up, swimming pool, lift, 24×7 security, park, reserved parking, maintenance staff, piped gas and many more.

Highlights and amenities of Shreyas Apartments
Type of apartments: 2 BHK and 3 BHK apartments
Area per apartment: 880 sq. ft. to 1420 sq. ft.
Number of apartments: 40 apartments.

Address: 45/25, Rukmani Rd, Kalakshetra Colony, Besant Nagar, Chennai, Tamil Nadu 600090.

2. Elliots Dugar, Besant Nagar

Elliots Dugar is an exclusive and lavish project. This project is currently under construction. After finishing, only a handful of families would be able to move into this apartment complex because only a few apartments will be available to buy. The project is being constructed while keeping the needs of modern times in mind. The complex will have all the necessary amenities, such as 24×7 security, power backup and a lift.

Highlights and amenities of Elliots Dugar
Type of apartments: 2 BHK and 3 BHK apartments.
Area per apartment: 1597 sq. ft. to 1857 sq. ft.
Number of apartments: 12 apartments.

Address: Plot No. E-138, New Door No. 5, 31st Cross St, Kakkan Nagar, Besant Nagar, Chennai, Tamil Nadu 600090.

3. Sea Point Annexe, Besant Nagar

The Sea Point Annexe offers its habitants a serene and hassle-free lifestyle. The apartment complex has all the essential amenities one could wish for, such as 24X7 security, power backup, reserved parking, a lift, and many more. It is also strategically located near prominent hotspots of the city.

Highlights and amenities of Sea Point Annexe
Type of apartments: 2 BHK and 3 BHK apartments.
Area per apartment: 840 sq. ft. to 1590 sq. ft.
Number of apartments: 8 apartments.

Address: No.41A, Old No. 70, Beach Rd, Kalakshetra Colony, Besant Nagar, Chennai, Tamil Nadu 600090.

4. Fairwinds Apartment, Besant Nagar

Spread across 1.5 acres, Fairwinds Apartments offers a premium lifestyle to its residents. It has all the necessary amenities, including 24×7 security, running water, power backup, visitor parking, and many others. Due to its proximity to numerous restaurants, parks, and theatres, there is always a high number of recreational activities.

Highlights and amenities of Fairwinds Apartment
Type of apartments: 2 BHK and 3 BHK apartments.
Area per apartment: 860 sq. ft. to 1470 sq. ft.
Number of apartments: N/A

Address: 51, Beach Rd, Kalakshetra Colony, Besant Nagar, Chennai, Tamil Nadu 600090.

5. Darshan Apartment, Besant Nagar

Darshan Apartment is an affordable residential complex in Besant Nagar. It offers amenities such as 24×7 security, water supply, piped gas supply, and many more. It is also close to prominent markets and tourist attractions. Because of its proximity to various public transport methods, residents can travel easily from one place to another without any problem.

Highlights and amenities of Darshan Apartment
Type of apartments: 2 BHK and 3 BHK apartments.
Area per apartment: 770 sq. ft. to 1460 sq. ft.
Number of apartments: N/A

Address: X7V8+9W2, Kalakshetra Colony, Besant Nagar, Chennai, Tamil Nadu 600090.

Things to do in Besant Nagar, Chennai

1. Visit famous religious sites of Besant Nagar

Besant Nagar has many famous temples and churches in and around the locality. Such as Ashtalakshmi Temple, Aarupadai Veedu Temple, Ratnagirishwarar Temple and Annai Vailankanni Church. A visit to these sites will help you to calm your soul and connect with the long spiritual lineage of Southern India.

2. Indoor play area for the little ones

The bouncy house is a famous indoor play area for children ages 5 to 14. They meticulously maintain the area for cleanliness and have high-security standards. Making it a perfect place for families with children.

3. Watch sunsets from Besant Nagar beach

Elliot’s beach, more commonly known as Besant Nagar beach, is a famous landmark of Chennai. During the colonial era, this beach was exclusively reserved for Britishers and Indians were not allowed entry to it. But today, thousands of people visit this beach regularly, making it one of the most famous beaches in Chennai. There are some temples and churches located nearby. So, visit the religious sites in the early hours and stay on the beach till sunset to enjoy the fantastic beauty of the beach during the late hours.

4. Enjoy the tranquillity of Huddlestone Garden

Fed up with the busy and fast-moving city life of Chennai? A visit to the Huddlestone Garden will ease you with its serene beauty and make you feel relaxed and detached from the chaotic world outside. The garden is full of flowers, birds, various smaller animals and an age-old banyan tree spread over 60000 sq. ft. It is a must-visit place for all the nature lovers of Chennai.

5. Visit the historical Kalakshetra Foundation

Kalakshetra Foundation is a must-visit place if you would like to indulge yourself in the history and culture of the leading fine arts Institution of Tamil Nadu. Book your guided tour in advance, where academic staff will take you on tour around the campus and educate you about the history of this marvellous institution. There is a museum inside the campus where over the years, all monies have been donated to all kinds of art pieces.

Places to visit in Besant Nagar, Chennai

1. BOATS – Based On A True Story

BOATS- Based On A True Story is one of the most popular bar cum restaurants in Besant Nagar. Visit this restaurant with your friends on weekends and enjoy the fantastic live music programs with your favourite drink. Some popular dishes are Bonchon Chicken, Spinach Manchurian and Nasi Goreng. A dine-out for two, including alcohol, will cost around Rs 1800.

Address: 17, 5th Ave, Urrur Kuppam, Besant Nagar, Chennai, Tamil Nadu 600090.

2. Kartwheel

Kartwheel is one of the most famous play gyms in Chennai. Bring your children and leave them to explore the vast maze of various playing areas and toys. This place will never fail to cheer up your children and allows them to socialise with other children.

Address: New No.21, Old No.9 Balaram, Road, Adyar, Chennai, Tamil Nadu 600020.

3. Nassaa UTH Hub

Nassaa UTH Hub is a famous gaming parlour and recreational area in Besant Nagar. You will find all kinds of indoor games, such as bowling alley, snooker, box cricket and many more. It also has a separate gaming area for video game enthusiasts. The charges are reasonable, but you must book in advance because the place gets jam-packed on weekends.

Address: 5th Avenue, Elliot’s Promenade, Besant Nagar, Chennai, Tamil Nadu 600090.

4. The U Ve Swaminathan Iyer Library

The U Ve Swaminathan Iyer Library is a treasure trove of ancient Tamil literature, manuscripts and letters dating back to the colonial period. The library is named after prominent scholar and researcher Dr U. Ve. Swaminatha Iyer and was established in 1943. Making it one of the oldest libraries in southern India.

Address: #2 ArunDale Beach Road, அருண்டேல் கடற்கரை சாலை, Kalakshetra Colony, Besant Nagar, Chennai, Tamil Nadu 600090.

FAQs about Besant Nagar, Chennai

Neighbourhood

When you think about income, the idea of taxes simultaneously haunts all people. Well, this is true even in case of rental income. We have all wondered if there was a way to save some taxes. We have some ideas for those who have rental income. Read on, to find out!

Tax on rental income

For those who are confused about what this is – when a person rents their house or their building they receive an income, therefore they must pay a tax. This tax is called rental tax.

Under which section is rental income taxed

This comes under section 24 of the Income tax act, under “Income from housing property”. On the other hand, if you’ve rented land without any property on it, it would come under the “Income from other sources”. Even though an individual may have gifted the property to their spouse, they will still be regarded as the owner of the property and be taxed as such. The only exception to this is if there is an agreement in place between the couple that they will live apart. If the property has been gifted to a minor, the donor parent will still be responsible for paying taxes on the property.

How is rental income taxed

Rental income from any residential property – be it an apartment, house, or even a factory – is subject to taxation. The amount of tax you’ll pay is based on the property’s gross annual value (GAV). This takes certain things into account – municipal taxes, standard deductions, as well as any interest paid on a home loan (if applicable). You can claim a 30% standard deduction of the annual value to help cover expenses like renovation or repairs.

Wondering what GAV (gross annual value) is? The tax levied on the tenant is based on the annual value of the property. It could be calculated by the property owner based on the annual income or the amount that it could be rented for.

How is Gross Annual Value (GAV) determined

This could be determined by several factors. Firstly, it is important to understand that the expected rent of a place, a building or a house could be different from the actual rent that has been agreed upon. If this difference exists, and the actual rent is greater than the expected rent, then the actual rent is the GAV.

However, if the actual rent is lesser than the expected rent things would work differently. In this case, it is important to understand the cause of it. If it happened because there was no tenant for some time and there was a vacancy, then the actual rent is the GAV. However, if it happened because that property was self occupied, then the expected rent would be considered as GAV.

What are the deductions available under section 24

1. Standard deduction

You can deduct 30% of the gross value of the property for repairs and maintenance from your taxes. This amount is calculated after deducting municipal taxes. The deduction of 30% is allowed if your actual expenditure is higher or lower. However, you can reduce municipal taxes if you pay them in a financial year.

2. Deduction for actual interest paid on home loan

This deduction can be claimed for rented, deemed to be rented, or self-occupied property. The interest is 100% tax-deductible on an accrual basis for interest on money borrowed for construction/acquisition/ repair/ renovation. If the net income is higher than the net annual value (NAV), it can be adjusted to other income heads or carried forward for up to 8 years to set off against taxable income.

How much rent is tax free

You will not need to pay rental tax if your rental income is less than 2.5 lakhs. However, you would need to pay tax despite the amount, if rental income is your primary source of income.

How is taxable rental income calculated

The tax on rental income is calculated on the Gross Annual Value (GAV) of the property, after deducting municipal taxes, standard deductions, and home loan interest (if any).

To understand how taxable income is calculated, let’s use an example. Suppose an owner is receiving Rs 30,000 per month in rental income and paying municipal tax of Rs 30,000 (which is calculated using the Unit Area System of a property). Also, he has taken out a loan on the house, for which he is paying a home loan interest of Rs 80 000.

When property is not taxable

You will not have to pay tax on the following types of rental income:

• Self-occupied property
• Rent from a farmhouse
• Income from a local authority
• Income from an approved scientific research association
• Income from a trade union
• Income from an educational institute
• Property income of a political party
• Property rented for charitable purposes
• If you use property for your own business

Rental income taxation for NRIs

Non-Resident Indians (NRIs) who earn rental income by renting out a property pay taxes under section 24. However, there are some key differences. In general, the limits and deductions for NRIs remain the same as they are for people residing in India, but in this case it is the tenant who is responsible for tax payment on the property. The tenant will have to deduct a 31.2% tax deduction at the source (TDS) and then make the payment to the NRI account. The TDS form has to be submitted to the tax authorities, along with a Form 15CA which must be filled out and submitted to the Income Tax department.

Rental income taxation for NRIs

Non-Resident Indians (NRIs) who earn rental income by renting out a property pay taxes under section 24. However, there are some key differences. In general, the limits and deductions for NRIs remain the same as they are for people residing in India, but in this case it is the tenant who is responsible for tax payment on the property. The tenant will have to deduct a 31.2% tax deduction at the source (TDS) and then make the payment to the NRI account. The TDS form has to be submitted to the tax authorities, along with a Form 15CA which must be filled out and submitted to the Income Tax department.

Tips to save tax on rental income

1. Maintenance charges

One of the simplest methods to reduce taxes is to deduct maintenance fees from rent. It is one of the easy pickings.Some renters raise the total rent by including maintenance fees, which essentially raises the tax rate on rental income. Your rental agreement could simply contain one line, which says that the tenant can pay maintenance directly to the society association.

2. Joint property

You could also save tax if you purchase property jointly, with a family member. In this case, the tax would be divided equally between the two of you.

3. Municipal taxes

Municipal taxes like sewage and property taxes can be deducted from rental income taxes. But there is a catch. The property owner, not the tenant, is responsible for paying all of these municipal taxes. These payments will lower your rental income, which will lower your tax obligation.

4. Semi-furnished or fully furnished property

You can ask the tenant to pay these fees individually and not include them in the rent if you are renting out a property with amenities like WiFi, DTH, Pipeline, etc. As a result, you will have to pay less tax on your rental revenue.

GST on rent

GST (Goods and Services Tax) is a tax that is levied indirectly on the provision of goods and services. Every value addition is subject to this multi-stage, destination-oriented tax, which replaces a number of indirect taxes like VAT, excise duty, service taxes, etc.

Until July 17, 2022, the rent of a business property was subject to GST. This exception that had previously been given to residential unit rentals under the GST regime has been eliminated by the GST Council. From July 18, 2022, GST will be levied if the dwelling is rented or leased by a GST-registered person or entity. The 47th GST Council meeting suggested that the tenant pay 18% GST on a reverse charge basis (RCM). However, they are able to deduct this amount from their GST filings while still paying sales tax.

The new GST or goods and services tax laws on rent that went into effect on July 18th have been clarified by the government. In a tweet, PIB said that “renting of residential units is taxable only when it is rented to a business entity.” It further clarified that “no GST when it is rented to a private person for personal use; no GST even if the proprietor or partner of the firm rents residence for personal use.”

Impact of GST on rental housing

A GST-registered renter will now be required to pay GST on rent through the reverse change mechanism and then claim input tax credit (ITC) on the amount actually paid. However, be aware that the Central Goods and Services Tax Act’s Section 17(5)(g) prohibits the use of the GST paid for any services for “personal consumption” as an input tax credit. It only applies to purchases made for “business purposes.”

According to Vivek Rathi, director of research for Knight Frank India, the decision may limit the growth of rental real estate in India by increasing the tax burden on companies who lease out residential properties to be used as guest houses and housing for their staff.

“If someone pays a monthly rent of Rs 1 lakh, the property value would be in the range to Rs 5 crore-Rs 6 crore. The GST, which will be around Rs 18,000, will burn a hole in the pocket of the tenant and eventually, the property owner, as the tenant may want to negotiate the rent. That means there would be a lesser number of people coming forward to provide properties for rental, as their rental income might be adversely impacted. This may also impact luxury housing demand and projects, as investors may not want to invest,” Pankaj Kapoor, founder and MD of Liases Foras, was quoted by the media as saying.

However, the individual who pays the GST on the rent can claim a credit against other tax obligations. This means that ITC (input tax credit) on GST paid on rent can be claimed if all requirements for claiming Input Tax Credit are met.

Difference between GST on rent and GST on rental income

GST on rent and GST on rental income are different concepts. GST on rental income concerns the landlord. It is when the landlord becomes liable a certain GST amount on whatever income he has in the form of rent.

GST on rent, on the other hand, concerns the tenant. If the tenant is a GST-registered entity, and uses a residential property for business purposes they would need to pay a GST amount, which is often included in the rent. This means that GST would be applicable on their rent.

In short, GST on rental income is paid by the landlord while the GST on rent is paid by the tenant.

Does GST on rent apply to you?

Under the new regulations, only tenants who are GST registered are subject to tax. Who are these GST-registered individuals, then? For service providers and suppliers of products, the annual threshold limit for GST registration is Rs. 40 lakh and Rs. 20 lakh, respectively. This implies that the salary class, which is typically not enrolled for GST, is free from paying GST on rent.

For those who have registered for GST, the tax will be assessed via the reverse charge mechanism (RCM), making the tenant responsible for paying it instead of the owner. For instance, if a business rents apartments to house staff, it is regarded as a tenant and is responsible for paying the GST. Under the reverse charge system, the recipient of a good or service rather than the provider of that good or service is responsible for paying tax.

Apart from this, properties rented for commercial or business use are subject to GST on rent. The rental revenue and rent paid from a residential property may both be subject to tax under the GST scheme, even if it is rented out for commercial or corporate reasons. It is crucial to note that, regardless of how the property is used, your GST liability will remain in place as long as you have rented it out for commercial purposes.

The GST on rental revenue would not be applicable if a landlord had rented out his residential property to a person who was not registered for the GST for residential use.

Rate of GST on rent and rental income

In case, the above mentioned points apply to you, you’d need to pay GST. The Ministry set the GST rate on rent at 18%, and the place of supply will serve as the immovable property’s location.

How to calculate GST on rented out properties?

For commercial properties that are rented out, the GST is computed and applied to the total amount of the periodic rent collections.

The GST (either 9% CGST and SGST or 18% IGST) will be computed on the rent due when an invoice is raised every period.

How to pay GST on rent?

The landlord will be required to register and submit tax if GST is applicable to rental revenue. As for the tenant, as mentioned before, GST would be applicable to their rent. This means, they would be paying GST along with their rent – as a part of it.

Matunga is a quiet neighbourhood filled with history and culture. It is one of the oldest neighbourhoods in Mumbai and has great connectivity to other important residential and commercial areas in the city.

The locality used to be made up of predominantly South Indian residents, which can be seen by the number of South Indian restaurants serving authentic food in the area. Cafe Madras, Idli House, Ram Ashraya and Anand Bhavan are just a few of the iconic places to eat here.

Matunga is also famous for its gorgeous flower market, where you can get all kinds of sweet-smelling blooms. The rich aroma of coffee is also commonplace in the lanes here, with plenty of filter coffee being brewed at every corner.

Is Matunga on your list of places you are looking to rent or buy a home in? Read on to find out the best housing societies and gated communities in Matunga. Also covered are things to do and places to visit when you are in the area.

List of top gated communities in Matunga, Mumbai

1. Ruparel Iris, Matunga

Just off the busy Senapati Bapat Marg is Ruparel Iris (located just next to Ruparel College!), a new building in the area. It has plenty going for it, being close to the railway station, a large supermarket, several Malwani restaurants. And then there are the facilities within the community, such as an ATM, a clubhouse, swimming pool and a landscaped garden.

Highlights and amenities of Ruparel Iris
Type of apartment: 1 BHK, 2 BHK, 3 BHK
Area of apartment: 433 sq ft to 1374 sq ft

2. Sidaan Sadhana Building, Matunga

On the east side of Matunga, the 10 flats within Sidaan Sadhana are located very close to King’s Circle and get access to many of the best restaurants (Madras Cafe, Ram Ashray) and schools in the city. It is also very close to the Eastern Express Highway. The 2 BHKs are a bit on the smaller side, though.

Highlights and amenities of Sidaan Sadhana
Type of apartment: 2 BHK
Area of apartment: 670 sq ft to 750 sq ft

3. Rodium X’enus, Matunga

With plush interiors, spacious balconies and a gorgeous view of the Eastern suburbs, Rhodium X’enus is a great place to reside. The building is located practically at the railway station and is close to Indian Gymkhana, many good schools as well as South Indian restaurants.

Highlights and amenities of Rodium X’enus
Type of apartment: 1 BHK & 2 BHK
Area of apartment: 346 sq ft to 799 sq ft

4. Kesar Horizon, Matunga

Located very close to Kings Circle Station, Kesar Horizon is a new building that promises a superior lifestyle. Though small, the building offers configurations of up to 5 bedroom and the amenities are jaw dropping, with a sauna, gym, clubhouse, mini theatre and much more.

Highlights and amenities of Kesar Horizon
Type of apartment: 2 BHK, 3 BHK, 5 BHK
Area of apartment: 493 sq ft to 1743 sq ft

5. Shanish Amrut Smruti Apartment, Matunga

An older building in the area, Amrut Smruti has 51 flats and offers a great view of the Five Gardens. It is also very close to great educational institutions, maybe even the finest the country has to offer, such as VJTI, Institute of Chemical Technology, Don Bosco and Khalsa College.

Highlights and amenities of Shanish Amrut Smruti Apartment
Type of apartment: 2 BHK
Area of apartment: 600 sq ft

Things to do in Matunga, Mumbai

1. Buy Elegant Sarees

At Shilpa Sarees you can get quality materials at reasonable prices. Offering a range of options like Maheshwari silk, Chanderi, Kanjivaram and Begampuri Bengal Cotton, this store is a must-visit for saree lovers. Whether you want a comfy cotton saree or an elaborate silk one, you’re sure to find what you need here.

2. Pound that pavement

At Five Gardens (a short distance away in Dadar) you can take a brisk walk or a run and get your blood pumping through your veins. This is also a great place to go if you want to hang out with friends and chat. There’s even a nice play area for little kids.

3. Say a prayer

Go to the Shrine of Don Bosco’s Madonna to admire the beautiful architecture and feel the tranquility of this revered place of worship. The marble interiors and stained glass windows exude peace and spirituality. This place gets visitors of all faiths coming here to pray and make their petitions.

4. Veg out

Home cooks will love Matunga Market for its wide selection of products. Here you can find the best quality fruit and vegetable – including exotic ones. Flowers, home equipment and pooja items are also sold here and it’s a handy place for everyday items.

Places to visit in Matunga, Mumbai

1. Aurora Talkies

If you love single screens, Aurora Talkies will take you back to those simpler times. This cinema is a big part of Matunga’s history and is still frequented by the residents. The facilities may not match current multiplexes, but the cinema is charming and well-maintained, and the snack bar is sufficient. Many Tamil and Telegu films are screened here.

2. Maheshwari Udyan

Maheshwari Udyan used to be called King’s Circle. This Matunga park was once named after George V, the King-Emperor. It’s a nice place for early morning or evening strolls. There is an open-air gym for fitness enthusiasts and a ground for those who like playing sports. Around here you can find a ton of great food options for breakfast.

3. The Book House

If you love reading but are on a budget, The Book House is the perfect solution to keep your hobby afloat. Here you can buy secondhand books at very low prices. Started in 1958, The Book House in Matunga is iconic and loved by bookworms from around the city. Besides fiction and non-fiction novels, you will even find school and college textbooks.

4. Dumpling Delights

If you want a change from all the South Indian food that Matunga has to offer, head to Dumpling Delights for some yummy momos with innovative twists. Besides the regular authentic options, try the chicken tikka and chicken chilli momos. You can even down a soft drink or milkshake here.

5. Cafe Madras

Cafe Madras is a legendary South Indian restaurant in Matunga that is known for it’s long queues of people waiting to sample the delicious food. Head there early to avoid the rush – weekdays are best. Some of the most ordered dishes are the set dosa, upma podi, idli sambar and, of course, the filter coffee.

6. Sree Ram Mandir

Sree Ram Mandir is the oldest South Indian temple in Matunga. You will find it close to the Matunga flower market. The hustle and bustle of the road immediately melt away as you step into this serene temple. There are idols of Lord Ram, Sitadevi, Lakshman and Hanuman inside and it is a beautiful and spiritual place to visit.

7. Gupta Chaat Centre

Chaat lovers need to go to Gupta Chaat Centre to eat the mouth-watering pani puri, ragda pattice and other chaat dishes. If you are in the mood for a heartier snack, try something from their range of sandwiches.

8. Cornucopia Food Store

Right next to the famous Cafe Madras is this food store that is a treat to shop in. This place is great to buy nice bread, cheese and jams. Here you will find many gourmet and imported choices and it is also a great place to pick up gifts for foodie friends.

FAQs about Matunga, Mumbai

Neighbourhood

Cumballa Hill is a very posh residential area in South Mumbai. This upmarket neightbourhood is surrounded by the sea on the West, with many apartments overlooking the ocean for an awesome view. Its neighbouring areas are as upmarket and sought after, with Mahalaxmi on the North side, Altamount Road on the East and Malabar Hill located in the South.

Cumballa Hill has one of the most expensive real estate rates in Mumbai and it is home to many billionaires – the most famous perhaps being Mukesh Ambani, whose private residence, Antilla is located here. As you walk along the street you will also see beautiful old bungalows and consulate buildings.

Are you interested in buying or renting property on Cumballa Hill? Here are some of the best buildings you could live in below. Also, read on to find out about all the great places to go to in Cumballa Hill.

List of top gated communities in Cumballa Hill, Mumbai

1. Mittal Sagar Kunj, Cumballa Hills

Located in a very prestigious area with Marine Drive at walking distance, Mittal Sagar Kunj is one of the newer buildings in South Bombay. Given its high price tag, all the interiors in the building are premium with teak doors, imported marble tiles, etc.

Highlights and amenities of Mittal Sagar Kunj
Type of apartment: 2 BHK, 3 BHK
Area of apartment: 900 sq ft to 2000 sq ft

2. Praman Solitaire, Cumballa HIlls

Looking for all the good parts of a gated community without the crowds? Praman Solitaire is where it’s at. Despite having just six apartments, all of which are humongous by Mumbai standards, the building has a large clubhouse, with a swimming pool, gym, play area and other amenities.

Highlights and amenities of Praman Solitaire
Type of apartment: 3 BHK, 4 BHK
Area of apartment: 1706 sq ft to 2386 sq ft

3. Avantika Apartments, Cumballa Hills

If you’re looking for a gated community experience with true old world charm, Avantika Apartments should be first on your list. It has a large compound, good parking space for everyone, a clubhouse and spacious flats.

Highlights and amenities of Avantika Apartments
Type of apartment: 2 BHK
Area of apartment: 1250 sq ft

4. Pushpa Milan, Cumballa Hills

On the Sophia College lane, Pushpa Milan also offers a gorgeous view of the sea. Coming to the apartments, they are on the larger side, with the 3 BHKs going over 2000 sq ft.

Highlights and amenities of Pushpa Milan
Type of apartment: 2 BHK, 3 BHK
Area of apartment: 1200 sq ft to 2130 sq ft

Things to do in Cumballa Hill, Mumbai

1. Shop for party supplies

Madcaps on Cumballa Hill is the place to go to when hosting a party. Whether it’s a birthday, baby shower, Christmas do, Diwali gettogether, bachelor party or hen night, you will find themed decorations, props and more for the occasion. Besides the usuals like balloons, paper plates and cups, streamers and wall decor, you can also buy fun drinking games, costumes and plastic shot glasses.

2. Browse through exotic foods

Foodhall doesn’t need any introduction to those who love exotic and imported eatables. This branch at Kemp’s Corner has a wide range of premium Indian and International brands as well as awesome organic products. A big on the pricey side, Foodhall may have expensive products but the quality definitely matches the price tag.

3. Buy gorgeous ethnic wear

At Rui Boutique you will find a great collection of ethnic wear. The contemporary designs and quality cloth makes this a one-stop shop for kurtas, salwar kameezes, kurtis and kaftans. Rui Boutique has an online store as well in case you would like to have a look before you visit.

4. Eat your heart out

At Chinoy Mansion, opposite St. Stephen Church, you will find eateries offering all sorts of foods at great prices. Go to Wok Express for Asian cuisine. If you are in the mood for Biryani, try the veg and non-veg options at Charcoal Biryani. Pizza lovers can order from Francesco’s Pizzeria – here you can even find organic food from Mandala. Or get your fill of carbs with pav sandwiches from Pack-a-Pav.

Places to visit in Cumballa Hill, Mumbai

1. Warden Book House

This Breach Candy bookshop houses a plethora of self-help books. Here you will find topics ranging from yoga to healing, and numerology to dream theories. It is a fun store to browse through and you may find something that did’t even know you were looking for.

2. Amarsons Garden

This garden by the seaside is a beautiful space to walk about. Many residents of Cumballa Hill flock here in the mornings and evenings when the weather is good to walk, run or just relax on the many benches. There is a nice children’s park here, too.

3. National Museum of Indian Cinema

Movie lovers must visit the National Museum of Indian Cinema which tells tales of the history of Indian cinema through artifacts such as items, costumes, equipment, posters, trailers, magazines and more.

4. Coffee By Di Bella

For those who love coffee, Coffee By Di Bella is a must-try. The brand is originally from Australia and the coffee is delicious, with a wide variety of other items to sample such as milkshakes and snacks. The prices are reasonable and the place is well laid out to sit and relax for hours.

5. Waffles on Wheels

If you have a sweet tooth, Waffles on Wheels is your place. Here you get deliciously-crispy waffles with a variety of yummy toppings like chocolate, cream and nutella. The small place is extremely hygienic and the staff is very efficient in getting your dessert ready fast.

FAQs about Cumballa Hill, Mumbai

Neighbourhood