Chennai Corporation Property Tax:
Paying your property tax in Chennai is a breeze, thanks to the online payment portal which can be found here
The Corporation of Chennai has created a fast, secure, transparent and efficient way for you to pay your property taxes online.
Paying Chennai Property Tax in Online:
Here is a step by step guide to paying your property taxes in Chennai:
Click the link above to access the official website of the Corporation of Chennai.
In the quick-links bar on the left of the screen, click on the link that says “Online Civic Services”.
Click on the link that says “Property Tax Online Payment” and proceed to the next page.
Enter the necessary details – Zone number, Division Code, Bill number and Sub number. If you don’t have any of this information, it can be found on the bills you’ve received on paying property tax in the past.
Hit the “Submit” button and you will be taken to the page where your outstanding payable amount is mentioned in the second section.
Select the period for which you’re paying the taxes, and click “pay online”.
Pick the amount you wish to pay, choose your preferred payment method and hit “submit”.
A confirmation will be sent to you once the payment has been successfully cleared.
Chennai Property Tax Calculator:
In case you aren’t sure how much you owe as property tax, there is an online calculator available at Property Tax which requires you to enter a lot of information relating to your property and ownership details. You can also use the following formulae and tables to calculate your property tax amount:
|Plinth Area x Basic Rate per sq.ft. (say 100 sq.ft. x Re.1.00)||Monthly rental value = Rs.100 per month.|
|Annual rental value = Rs.100 x (12 months) – 10% for land. Annual value for building only||Rs.1,200 – Rs.120 = Rs.1,080.|
|Less 10% depreciation for the building (repairs / maintenance)||Rs.108 (which is 10% of Rs.1,080).|
|Depreciated value of the building||Rs.1,080 – Rs.108 = Rs.972.|
|Add 10% of the land value||Rs.120 (which is 10% of Rs.1,200).|
|Annual value for land and building||Rs.972 + Rs.120 = Rs.1,092.|
Now, as we can see from the above example, 10.92 is the common factor that can be used to calculate the annual value of all buildings. Multiply the annual rental value with 10.92 to arrive at the annual value for any building.
The half-yearly property tax for any property is calculated as a percentage of its annual rental value, as per this table:
|Annual Value||Half year tax (as a percentage of A.V.)|
|General Tax||Education Tax||Total||Lib. (less)|
|Re.1.00 to Rs.500.00.||3.75%||2.50%||6.25%||0.37%|
|Rs.501 to Rs.1,000.||6.75%||2.50%||9.25%||0.67%|
|Rs.1,001 to Rs.5,000.||7.75%||2.50%||10.25%||0.77%|
|Rs.5,001 and above.||9.00%||2.50%||11.50%||0.90%|
It’s important to note that:
- 10% library cess is calculated from the General Tax of Property Tax.
- 20% rebate over the Monthly Rental Value is provided for semi-permanent buildings (that are tiled, thatched, etc. except terrace roofing).
- 25% rebate over the Monthly Rental Value is provided for owner-occupied residential buildings.
- 10% rebate over the Monthly Rental Value is provided for owner-occupied commercial portions.
- 1% depreciation is provided for each year for buildings over 4 years old (subject to a maximum rebate of 25%).
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News About Property Tax Chennai
Amma Welfare Schemes Hit Chennai Corporation Funds
The coffers of the Greater Chennai Corporation have been hit by the Amma welfare schemes and products, even as the Governor said the schemes will continue as the AIADMK government returned to power for a second term.
The civic body’s day-to-day administrative needs and capital expenditure currently is being taken care of the by the state government. As per its 2016-17 budget estimate, the corporation will have to borrow around Rs.1,400 crore to maintain its functioning.
Property tax rates in the Chennai region also remain unchanged, and the corporation expects to get only around Rs.650 crore this year through property tax. A senior corporation official said the decision to keep the tax rates stable has affected the expansion of welfare schemes.
22nd June 2016
Property Tax Collection Drop during Assembly Elections
Property tax collection in Chennai has dipped by a minimum of Rs.6 crore in this fiscal year in comparison to the previous years. Officials of Greater Chennai Corporation’s revenue department have claimed the decrease in number was owing to a diversion of manpower towards election work. In the city’s assembly elections, every tax collector, assistant revenue officer and assessor was assigned important roles in election work, leading to a slack in tax collection during that interval.
While property tax collection had reached Rs.62 crore in 2014-2015 and Rs.61 crore in 2015-2016, the collection so far for in this financial year has been only Rs.56 crore. The revenue collection might fall further owing to local body elections expected to take place in a few months. With the elections coming to an end, property tax collection is expected to reach over Rs.3 crore per day, in the future.
26th May 2016
Large Corporations targeted to raise collection of Taxes
In a bid to meet their property tax collection target for this fiscal period, the revenue department of Greater Chennai Corporation has targeted big corporations as well as IT companies and industries to convince them to pay their property taxes in advance for the following year. With a tax collection target of 600 crore, the civic body has faced difficulties in achieving their goal due to the weight of electoral responsibilities bearing down on them. The Greater Chennai Corporation has collected Rs 537 crore in taxes so far compared to Rs 581 crore collected as property tax over the previous fiscal year. All revenue from property tax collection goes towards funding infrastructure projects.
3rd May 2016