Table of Content:
- GHMC Property Tax Payment: An Overview
- GHMC Property Tax Rates
- Steps to Calculate Hyderabad Property Tax |Residential Properties|
- Steps to Calculate the GHMC Property Tax Payment Amount |Commercial Properties|
- Steps to Generate a PTIN to Make a GHMC Property Tax Payment
- Steps to Make a GHMC Property Tax Online Payment
- Steps to Make a GHMC Property Tax Payment Offline
- Documents to Carry for GHMC Property Tax Payment Offline
- Which Properties Are Exempted From GHMC Property Tax Payment
If you are planning on buying a property in Hyderabad, you need to familiarise yourself with the property tax system by the Greater Hyderabad Municipal Corporation in the city. GHMC property tax is collected annually from the property owners - both online & offline. This GHMC property tax payment is used to offer better public services in Hyderabad.
So, if you are a homeowner or a potential buyer in Hyderabad, you need to read this informative article to understand the various aspects of GHMC property tax payment.
GHMC Property Tax Payment: An Overview
The role of the Greater Hyderabad Municipal Corporation is to collect house and property tax in the state of Telangana and particularly in Hyderabad The municipal body uses the substantial income collected to construct, maintain, and improve infrastructural services.
Every property owner is obliged to make the GHMC tax payment annually, and its computation is based on several factors, like the value of the property, etc.
GHMC Property Tax Rates
Monthly Rental Value | General Tax | Lighting Tax | Conservancy Tax | Drainage Tax | Total |
Up to Rs.50 | Exempt | Exempt | Exempt | Exempt | Exempt |
Rs.51 - Rs.100 | 2% | 3% | 9% | 3% | 17% |
Rs.101 - Rs.200 | 4% | 3% | 9% | 3% | 19% |
Rs.201 - Rs.300 | 7% | 3% | 9% | 3% | 22% |
Rs.300 and more | 15% | 3% | 9.00% | 3% | 30% |
Steps to Calculate Hyderabad Property Tax |Residential Properties|
Follow the below steps to know the Hyderabad property tax payment amount:
Step 1: First, know the plinth area of your property. The PA is the total area of the house, including all the covered areas like garages, storerooms, etc. Keep a note of it.
Step 2: If you use the property, find the recent rent-per-square-foot. If your property is on rent, mention the rent-per-square-foot in the rental agreement. Your monthly rental value per square foot will be the final amount determined.
Step 3: To find the exact amount based on the GHMC property tax details for residential property, use this formula:
Annual Property Tax for Residential Property = PA X MRV X 12 X (0.17–0.30), depending on the monthly rental value in the above property tax rate table – 10% depreciation + 8% library cess
Also Read: 6 Best Places To Live In Hyderabad In 2023
Steps to Calculate the GHMC Property Tax Payment Amount |Commercial Properties|
Step 1: Find out the plinth area.
Step 2: Apply the GHMC property tax payment formula:
Annual Property Tax for Commercial Property = 3.5 x PA in sq. ft. x MRV in Rs. per sq. ft.
Steps to Generate a PTIN to Make a GHMC Property Tax Payment
You can generate PTINs at home online using the Online Self Assessment Scheme.
Step 1: Visit the website: https://onlinepayments.ghmc.gov.in/
Step 2: Select Online Services
Step 3: Now choose "Self-Assessment of Property."
Step 4: Enter your property details, and you will see the estimated annual property tax amount on your screen.
Step 5: Your application will be forwarded to the city official, who will verify your property before issuing you the PTIN.
Steps to Make a GHMC Property Tax Online Payment
Step 1: Visit the website for GHMC property tax online.
Step 2: Mention your PTIN and select the "Know Property Tax Dues" option.
Step 3: Details related to Hyderabad property tax, arrears, and interest on arrears will appear on your screen.
Step 4: Once you check the details, you must pay the GHMC property tax due via net banking, credit card, or debit card.
Step 5: Fill in the details in the payment gateway, and your GHMC property tax payment online will be completed.
Step 6: You can enter your unique PTIN and download the GHMC property tax receipt from the portal.
Also Read: Easy-to-Follow Tricks to Save Money on your Property Tax Bill
Steps to Make a GHMC Property Tax Payment Offline
In order to make GHMC property tax payments offline, you can visit any of the following places:
- 72 MeeSeva Centre
- The Citizen Service Centre is present in all 19 circles.
- GHMC bill collectors
- Any branch of the State Bank of Hyderabad.
Documents to Carry for GHMC Property Tax Payment Offline
The below-mentioned official documents are mandatory for the taxpayer to carry in order to make GHMC property tax payments offline:
- Sale deed of the property
- Occupancy certificate
- Copy of the building plan
- Cheque or DD in the name of the GHMC Commissioner.
Which Properties Are Exempted From GHMC Property Tax Payment
Although taxation on all agricultural lands and buildings is requisite, there are some properties that are exempt from taxation, such as:
- Ex-servicemen or military property owners are 100% exempt from taxation.
- Religious worship places are 100% exempt from taxation.
- Residential properties whose owners earn below Rs 600 as rental income are 100% exempt from taxation.
- Recognised educational institutions up to X standards are 100% exempt from taxation.
- In response to the tax inspector's compilation of a field report, vacant properties will receive a 50% "vacancy remission" discount.
Hyderabad Property Tax: Contact Information
If you are facing any issues when making a property tax payment online in Hyderabad, you can contact on the below details:
Address: CC Complex, Tank Bund Road,
Lower Tank Band
Hyderabad: 500063
Phone Number: 21111111
Website: www.ghmc.gov.in
Suggested Read: What Are The Tax Benefits Of Renting Your Property?