fincash logo SOLUTIONS

Fincash » Income Tax » GHMC Property Tax

Understand the Basics of GHMC Property Tax

Updated on July 12, 2024 , 11752 views

You must have heard about how paid Taxes are used for the betterment of the society, right? The roads that are built, the highways that decrease the distance, the public parks, hospitals, and so much more. Admit it; if you have been paying taxes, you may even take pride knowing that you have a contribution to the development of your country.

Amidst a variety of taxes, property tax is one of the substantial revenue sources for the state government. Imposed on property owners, this one tax is taken by the state government and is then delegated to several municipalities in the city.

The primary purpose behind levying this tax is to ensure smooth and efficient maintenance of a locality’s amenities, including the maintenance of roads, parks, drainages, and more. Just like every other city, Hyderabad municipality also takes advantage of the same.

If you are a Hyderabadi, read ahead and find out how GHMC property tax in your city works.

An Introduction to GHMC Property Tax

The property owners residing in Hyderabad are responsible for paying property taxes to the Hyderabad municipality, known as the Greater Hyderabad Municipal Corporation (GHMC). The municipal body makes use of these funds to facilitate public services in the city.

It further uses the annual rental value as the foundation for collecting property tax. On top of that, the GHMC tax also has a taxation slab rate for such properties that are being used as a residential space. If you are living in Hyderabad and would like to figure out the approximate value of tax that you would have to pay, a property tax calculator on the website of GHMC can be used for the same.

Ready to Invest?
Talk to our investment specialist
By submitting this form I authorize to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Concession or Exemptions on GHMC House Tax

As far as the exemption or concessions are concerned, they are viable in the following circumstances:

  • If the property has a monthly Market rental value of up to Rs. 50
  • If the property is owned by charitable institutions, ex-military servicemen, recognized schools or places of worship
  • If the property is vacant, 50% concession in the total GHMC property tax payment can be granted

Things to Keep in Mind Regarding GHMC Tax Payment

If you are liable to pay the property tax, there are some things that you must not overlook, such as:

  • The GHMC property tax due date for paying the half-yearly tax is 31 July and 15 October
  • Any sort of delay can attract the penalty at 2% per month interest on the outstanding amount
  • To encourage people for timely payment, GHMC has announced cash rewards if the payment is made before the specified date; a lucky draw announces the winner
  • To promote green buildings, owners who have integrated solar-powered appliances and rainwater harvesting system are eligible to receive tax incentives

Assessment of the Property Tax

In case you have purchased a new property, the application for the same should be submitted to the concerned deputy commissioners for the assessment. Along with the application, you are required to attach documents like occupancy certificate, sale Deed, etc.

Upon submission, a concerned authority will inspect your property physically, verify the litigation and legal title, and scrutinize the property tax according to the rates. A Unique Property Tax Identification Number (PTIN), along with a new house number, will be generated for you.

How to Pay GHMC Property Tax?

There are two different ways to pay the GHMC property tax:

GHMC Property Tax Online Payment

For this method, follow these steps:

  • Visit the official portal of GHMC
  • Put in your PTIN number and click on Know Property Tax Dues
  • Verify the details, like arrears, interest on arrears, adjustments, property tax, and more
  • Choose how you would like to make the payment, either through Debit Card, credit card or net banking
  • You will be redirected to the payment gateway page.
  • Now, login to your net banking and enter details to complete the payment

GHMC Property Tax Offline Payment

You can also make the payment of property tax by visiting any of the below-mentioned places:

  • Mee-Seva counters
  • Bill collectors
  • Citizen service centres
  • State Bank of Hyderabad branch
  • AP online service delivery

The offline payment can be made via cash, Demand Draft or a cheque.

In a Nutshell

The Hyderabad municipality corporation has made it easier to pay the taxes. So, if you are residing in this city, figure out the total amount that you would have to pay as GHMC property tax and pay your dues on time to avoid penalties.

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
How helpful was this page ?