How to Pay Property Tax Online/Offline in Hyderabad?

The owner of properties in Hyderabad is responsible to pay the taxes to GHMC (Greater Hyderabad Municipal Corporation) to facilitate better living conditions in Hyderabad.

In Hyderabad, the property tax is paid to the GHMC every year, if a person owns property such as building, land, agriculture land, etc. should pay the tax every year.

GHMC adopts a slab rate of taxation for residential purposes. If you are a responsible citizen and looking forward to knowing how to pay property tax in Hyderabad, here you go.

What is Property Tax?

Property tax is the capital source of revenue for state governments.  It is imposed on every citizen of the particular state who owns a property. The owner of the property is liable to pay taxes before the due date every year.

Property tax is governed by the state government. Property tax is delegated to various municipalities within the state to ensure in maintenance of roads, cleanliness in the locality, drainage system, public parks, public toilets etc.

How is Property Tax Calculated?

Do you want to know how the property tax is calculated? If you are a long term taxpayer, then you might have already known about this. However, we tell you how.

Residential Property Tax Calculation:

Residential property tax=gross annual value (GARV) X (17%-30%) slab rate is to be determined according to MRV fixed by GHMC – 10% depreciation]+8% library cess.

GARV=Plinth area x monthly rental value in Rs/sqft x 12

Commercial Property Tax Calculation:

Annual property tax =3.5 x plinth area in sqft x monthly rental value in Rs/sqft.

For commercial properties monthly rental values are fixed by GHMC based on taxation zones, locality, type of construction and usage of property.

Required Documents to Pay Property Tax in Hyderabad:

To pay property tax you don’t need any documents. If you have a property tax bill, that is given by your municipality to the address of the property. The bill contains all required essentials you’d be required to enter while paying property tax online.

Steps to Pay Property Tax Online:

• Click on the link and enter to the official website of GHMC property tax.
• Now you should select your property type – Residential or commercial.
• Enter your property tax number or revenue number. You can find this on your property tax bill.
• Select the assessment year for which you want to pay.
• Verify your details entered – name, area, usage type etc.
• Select payment method: internet banking, debit or a credit card.
• Receive challan or receipt of the transaction is successful. Take a printout of challan for future references.

How to Pay Property Tax Offline?

For GHMC offline tax payment in offline the mode can be done at following centers:
• You can visit nearby MEESEVA units in your GHMC limits.
• Citizen Service centers in GHMC circles.
• GHMC bill collectors have handheld electronic machines that are integrated into a central server.

Important Due Dates, Penalties and Other Considerations:

The last date for payment of half-yearly tax is 31 JULY and 15 OCTOBER. If delay in payment of tax, GHMC charge penal interest @2% per month on the payable amount.

GHMC announced cash rewards if taxes are cleared before due date, on the lucky draw can win 20 lakh rupees. For promotion of green buildings, rainwater harvesting, solar-powered appliances receive tax incentives.

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