Paying Property Tax in Telangana: GHMC’s Role, Calculation, and Convenient Payment Methods Explained
Last Updated : Sept. 6, 2023, 1:27 p.m.
Property owners in Hyderabad, the capital city of the Indian state Telangana, are responsible for paying the property tax Telangana to the Hyderabad Municipal Body known as the GHMC or the Greater Hyderabad Municipal Corporation. It uses the funds collected from property tax to facilitate good services for the Hyderabad residents. The municipal body collects the property tax in the city based on a yearly rental value with a taxation slab rate for residential properties. You can use the property tax calculator on the official GHMC portal to determine the approximate value by entering a few essential details about your property. The accurate value may fluctuate depending on the appropriate building location and other factors. Want to know about the processing of paying and calculating Telangana property tax? Scroll down and keep reading the article!
Steps to Pay GHMC Property Tax
You can pay property tax Telangana online and offline. The two ways are specified below:
Online Process
To pay the GHMC property tax, you’ll need a PTIN, also called the Property Tax Identification Number. You’ll be given a PTIN for every property. You can enter the number to pay online. The online process to pay Telangana property tax are as follows:
- Visit the official GHMC portal.
- Select the Online Payments option and click Property Tax from the drop-down menu.
- Click the Property Tax Payment option from the Property Tax category.
- Enter your PTIN and contact information to get the OTP.
- Enter the OTP and select the Know Your Property Tax Dues option.
- Validate information related to arrears, adjustments, property tax, arrear investments, taxable amounts, etc., listed on the loading page.
- After checking the specified information, input the tax amount and select the Proceed to Online Payment option.
- A window will pop up, and select your preferred payment mode.
- Select the Pay Now option.
- After paying the tax amount, you can input your PTIN and phone number to print the receipt.
Offline Process
In addition to paying the property tax Telangana online, you can pay it offline as well. You can visit the following centres to pay the GHMC Telangana property tax:
- Any branch of the Hyderabad State Bank
- GHMC Bill Collectors
- MeeSeva Centres
- Citizen Service Centres
How to Calculate GHMC Property Tax Online?
The GHMC Telangana property tax is computed regardless of whether you live in your property or have rented it out. The collected tax is based on the following parameters:-
- Location of the property
- Size of the property
- Whether the property is under construction or not
- Property owner’s gender
- Property owner’s age
The GHMC considers two types of properties- residential and commercial properties. Let’s see how to calculate the Telangana property tax for both properties.
Residential Properties
Residential property tax Telangana can be computed utilising the below formula:-
Yearly GHMC Property Tax = Plinth Area x Monthly Rental Value (per square feet.) x 12 x (0.17 – 0.30) based on the monthly rental value – 10% depreciation + 8% library cess.
Commercial Properties
The Telangana property tax for commercial buildings in Hyderabad under the Greater Hyderabad Municipal Council can be computed with the help of the below formula:-
Yearly Commercial Building Property Tax = 3.5 x Plinth Area in square feet. x Monthly Rental Value in Rs. /square feet.
Note :- The Plinth Area is the overall area of the property, including all covered areas, such as garages, storerooms, balconies, etc.
If you use the property, identify the recent per sq. ft. for other properties in the real estate sector in the area you reside in. If you rented the property to someone, consider the recent per sq. ft. specified in the rental agreement, which was drawn while renting the property. The final ascertained amount will be your MRV or Monthly Rental Value per sq. ft.
You should check the MRV for the mentioned monthly rent per sq. ft. for multiple circles in numerous taxation zones specified in the official GHMC notifications in commercial properties.
Apply the formula specified above to identify the accurate amount of property tax in Greater Hyderabad by door number.
Documents Needed for Paying GHMC Property Tax Offline
The documents required for paying property tax Telangana offline are as follows:
- Occupancy Certificate
- Building Plan Copy
- Gazetted Officer-attested Sale Deed
- Demand Draft or Cheque in the Name of GHMC Commissioner.
Conclusion
Among some new initiatives of the property tax Telangana, the one related to the construction of green buildings has a massive influence on the environment and its citizens. Buildings with rainwater harvesting and rooftop solar installations will enjoy great incentives of GHMC property tax. Being the owner of a property has important responsibilities. The GHMC Telangana property tax should be paid yearly to avoid adverse results. Managing it can be challenging. You can use the GHMC property tax calculator to compute the tax or follow the method specified in the article to know the amount you will pay towards property tax in Telangana. The information specified in the article is for a resident of Greater Hyderabad to wish to clear property tax dues. The article made the procedure simple and easy to understand, so clear property tax dues today!
FAQs
1. When should you pay the property tax in Hyderabad?
The due date for the biannual property tax in Hyderabad is July 31 and October 15. If you pay after the payment deadline, a 2% property tax is added to the tax amount.
2. Where can you find information related to the GHMC property tax?
You should enter the circle number and other details, like the PTIN number, owner’s name, and the door number on the GHMC official portal under find your property tax to learn more about tax payment details.
3. How can you find the PTIN number to pay property tax in Hyderabad?
If you are searching for your PTIN number, you can effortlessly find it on the official GHMC portal. You can input the circle name, village, door number, or owner’s name to find your PTIN number to pay property tax in Hyderabad.
4. How to get your property assessed for GHMC tax?
To get your property assessed for GHMC tax, you must submit your documents, such as a Building Permission and Occupancy number, locality name, and building nature, to the deputy commissioner. You will be allotted a new PTIN with special notice.
5. Are you rewarded with cash for GHMC property tax payments?
Yes, you get cash rewards for GHMC property tax payments. The Government of Telangana declared that cash rewards would be awarded depending on lucky draws for people who clear their GHMC property tax dues within the payment deadline.