Latest News on GHMC Property Tax: Rates, Calculations, and Payment

1. How to Calculate and Pay GHMC Property Tax Online?

Purchasing real estate entails legal duties that extend beyond signing. The
GHMC Property Tax in Telangana is essential for avoiding land
confiscation. Residents’ taxes are collected by the Greater Hyderabad Municipal
Corporation (GHMC). It is one of India’s largest municipal corporations,
servicing 7.9 million people across an area of 650 square kilometers.

2. What is the GHMC Property Tax?

The Greater Hyderabad Municipal Corporation (GHMC)
is in charge of collecting home and property taxes from the citizens of
Hyderabad. The amount of property tax paid by the people of this area
contributes significantly to the state government’s revenue. Municipal bodies
employ these levies to improve the city’s living standards by ensuring that
public amenities are effectively maintained.

The GHMC property tax is payable annually by both
residential and commercial property owners. You must pay an annual tax to the
state government if you own a residential property, whether you live in it or
rent it out. Similarly, properties utilized for business reasons must pay the
tax assessed against them.

The municipal corporation utilizes the total amount of taxes collected to fix
potholes, install street lights, construct parks and pathways, and focus on the
general development of the city’s infrastructure. It is also in charge of
rubbish collection and preserving the city’s cleanliness. The company is also
in charge of the Health and Sanitation department.

3. How Do You Calculate Hyderabad Property Tax?

• Step 1:
  Make a note of the Plinth Area (PA). The Plinth size is the overall size
  of the home, including all covered spaces such as storerooms, balconies,
  and garages.
• Step 2 –
  If you utilise the property, find out the most current
  rent-per-square-foot for other properties in your area’s real estate
  market. Consider the rent-per-square-foot indicated in the rental
  agreement that was prepared at the time of renting if the property is
  rented to someone else. The ultimate number computed will be your Monthly
  Rental Value (MRV) per square foot.
• Next, Step 3 – Use the method below to calculate the precise amount of GHMC
  property tax data by door number.

Annual Residential Property Tax = PA x MRV (per sq.ft.) x
12 x (0.17 – 0.30) depending on the monthly rental value in the table below –
10% depreciation + 8% library cess.

4. Follow the instructions below to calculate GHMC property taxes.

• Step 1: Determine the Plinth Area (PA).
• Step 2 – For commercial properties, you must check the Monthly Rental Value (MRV)
  for the given monthly rent per square foot for various circles in various
  taxation zones as provided in GHMC official announcements. Check the GHMC
  Website and the Proposed Division of Zones
  (https://www.ghmc.gov.in/proposed_div_zones.aspx) for any GHMC property
  tax facts.
• Last, Step 3 – Use the method below to calculate the precise amount of GHMC
  property tax payment.

Annual Commercial Property Tax = 3.5 x PA in sq. Ft. x MRV in Rs. /sq. Ft.

Note –

• For commercial properties like as ATMs and cellular
  towers/hoardings, the maximum monthly rent per square foot for taxes is
  Rs.70 and Rs.50, respectively.

• For commercial establishments like as educational institutions
  and hospitals, the minimum monthly rent per square foot is fixed at Rs.8
  and Rs.9.50, respectively.

5. How to Pay the GHMC Property Tax Online?

• Sign in to the GHMC’s official website.
• Under the Online Payments section, select the ‘Property Tax’
  option.
• Fill in the PTIN to ‘Know Property Tax Dues’.
• You will now view all of your information, including arrears,
  interest on arrears, property tax amount, and modifications. Check them.
• Choose an online banking option to pay your GHMC property tax
  dues. You can use a credit card, a debit card, or another type of online
  banking.
• Enter your PTIN to get the GHMC property tax receipt.

6. How Can I Pay My GHMC Property Tax Online?

You may pay your GHMC Hyderabad property tax in person at one of the following locations:

• There are 72 MeeSeva Centres within the GHMC area.
• All 19 circles have a Citizen Service Centre.
• Bill Collectors at GHMC
• Any State Bank of Hyderabad branch

Official papers required to pay property tax in Telangana using offline means –

• The property’s sale document.
• An occupancy certificate was obtained from the builder prior to
  moving in.
• copy of the architect’s design for the building.
• Cheque or demand draught made payable to the GHMC commissioner.

7. What are the current property tax rates in Hyderabad?

Current Slab Rate for Property Tax Hyderabad

Age rebate on building

If the taxpayer is unable to pay the GHMC property tax by the due dates,
he/she will have to pay an additional amount of 2% per month on the outstanding
amount as the penal interest.

8. Greater Hyderabad Municipal Corporation Circles and Zones 

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