Paying property tax in Chennai is a simple and hassle-free process. The online portal that has been set up for tax payments gives taxpayers the facility to calculate the tax to be paid and enables them to make the payments online.
Chennai Corporation Property Tax
Paying your property tax in Chennai is a breeze, thanks to the online payment portal of Greater Chennai Corporation.
The Corporation of Chennai has created a fast, secure, transparent and efficient way for you to pay your property taxes online.
How to Pay Property Tax Chennai 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 Website 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%).
Due Date and Penalty for Chennai Property Tax
The Greater Chennai Corporation is the municipality that manages the regulation and collection of property tax in Chennai. Unless specifically exempted, this is levied on vacant land and buildings. The buildings that are exempt are properties that are owned by the Central Government and buildings that are occupied by any foreign mission. As of March 2018, the exemptions that were previously given to private educational institutions were abolished.
The Chennai Municipal Corporation has 15 zones. Assessment and payment of the property tax can be done both online and offline.
Due date for the payment of property tax in Chennai: September 31 and March 31
Penalty for delayed payment of property tax in Chennai: 1% per month
Property Tax Other Pages
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- Mumbai Property Tax
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- Ahmedabad Property Tax
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