Property tax in Chandigarh
The Municipal Corporation Chandigarh (MCC) receives an annual property tax payment from the property owner in Chandigarh. The kind of property possessed and the MCC-established method of valuation determines the relevant tax. Notably, the Union Territory administration receives money from property taxes paid by citizens, which goes towards paying for public services and upkeep. This page has covered some topics, including the most recent MCC residential and commercial property tax rates in Chandigarh for 2024, how to pay property taxes in Chandigarh, municipal corporation refunds, and more:
Chandigarh’s MCC residential property tax rate in 2024
In 2020–21, the MCC residential property tax rate was adjusted to make the procedure of calculating taxes easier. In Chandigarh, the residential property tax is different for every zone and sector. The following are the specific MCC residential property tax rates in Chandigarh:
Zones | Rate of residential Property tax |
I | Rs 2.5 per sq yd on the vacant plot areas plus Rs 1.25 per sq ft on the total covered area on all the floors. |
II | Rs 2 per sq yd on the vacant plot areas plus Re 1 per sq ft on the total covered area on all the floors. |
III | Rs 1.5 per sq yd on the vacant plot areas plus Rs 0.75 per sq ft on the total covered area on all the floors. |
Chandigarh’s MCC commercial property tax rate in 2024
Based on the kind, usage, and location of the property, Chandigarh determines the MCC commercial property tax rate. Each zone in Chandigarh has a distinct commercial property tax. Commercial assets owned by MCC have been divided into various zones by the Municipal Corporation of Chandigarh. The following table shows the specific MCC commercial property tax rate in Chandigarh:
Zone | Rate of commercial Property tax |
Zone I, II, III, and IV | Rs 3 – Rs 20 per sq ft |
How can I pay Chandigarh property taxes online?
- Step 1: Go to the Chandigarh Administration’s official Property tax payment website, Sampark, to make an online property tax payment.
- Step 2: From the right corner, select “Quick Pay.” Choose the choice for either the business or residential property taxes.
- Next, Step 3: Carefully read the directions.
- Step 4: Select “Proceed” from the menu.
- Step 5: You may pay property tax online by using your property ID (UID) to look up your property data. Your registered cellphone number and property ID (UID) will need to be entered. Your property tax receipt or challan will have your property ID (UID).
- Step 6: You must click on Send one-time password (OTP) when your property data are shown on the screen. Your registered cellphone number will receive the OTP needed to complete an online payment successfully.
- Step 7: By looking up your property’s data online and entering the house and sector numbers, you may also pay the property tax in Chandigarh.
- Step 8: After clicking on your details, a list of your property’s details will appear on your screen, along with your property ID (UID). To complete an online payment, you must next click on transmit OTP, which will be delivered to the registered mobile number you provided.
What is the Chandigarh property tax rebate?
Offering a reduction or a partial return on the money you must pay to possess a property is what is meant by a property tax rebate. To assist taxpayers, MCC launched a self-assessment program in which assessors are eligible for a 20 percent property tax refund provided they pay within 60 days.
A person will be required to pay 25% more than the statutory rates, plus interest at a rate of 12% annually, or as adjusted from time to time, if they do not pay the tax as mentioned earlier within the allotted 60 days after the assessment scheme’s commencement. Up to the end of the month in which payment is made, interest must be paid.
Chandigarh property tax calculator
- Determine the property’s annual rental value (ARV) by considering its kind, location, and additional amenities.
- For ARV help, visit the local corporation or use the self-assessment method.
- Apply the statutory tax rates of 5% for properties beyond 125 square feet and 3% for properties up to 125 square feet.
- Use the following formula to calculate the property tax: Annual Property Tax = ARV x Rate of Tax x Rebate.
The procedures below can be used to determine Chandigarh’s commercial property tax:
- Determine the type of the property by consulting the Property Tax Assessment Register.
- Multiply the ARV by the designated tax rate (10% to 20%, depending on the category) to determine the property tax in Chandigarh.
- If there are any additional fees or penalties, mention them.
How can I get a Chandigarh property tax payment receipt?
To easily get the Chandigarh property tax payment receipt, simply follow these steps:
- You must go to the official Property tax payment website, https://sampark.chd.nic.in, to get the Property tax payment receipt.
- From the right corner, select “View Property Tax” under “Online Services.”
- There will be a new page opening. If you have a valid property ID and home number, you may examine the property tax payment receipt.
- To successfully obtain the Chandigarh property tax payment receipt, click “View Bill.”
How to amend your name on your Chandigarh property tax
The new property owner must get in touch with the appropriate district commissioner, who is in charge of the region, to modify the name on the Chandigarh property tax. Download the application form, fill it out completely, and include accurate information. Send it to the appropriate authorities with the needed paperwork attached and the fee paid.
In conclusion, Chandigarh’s property tax is an essential source of income for the city’s urban growth. As a result, the tax revenue raised helps to fund the city’s infrastructure, guaranteeing its citizens a high standard of living. On-time property tax payments often result in reductions and refunds that eventually help the populace.
Frequently Asked Questions (FAQ’s)
Ans: Chandigarh’s MCC commercial property tax rates vary for different zones, ranging from Rs 3 to Rs 20 per sq ft, based on property type, usage, and location.
Ans: MCC offers a 20% property tax rebate to assessors who pay within 60 days under the self-assessment program. If not paid within 60 days, a 25% additional charge plus 12% annual interest may apply.