Introduction
Gurgaon property tax is a levy imposed by the Municipal Corporation of Gurugram (MCG) on all properties located within the city limits. The tax is calculated based on the property’s assessed value, which is determined by factors such as the property’s type, size, and location.
Paying property tax is an important responsibility for all property owners in Gurgaon. By paying your property tax on time, you are helping to contribute to the development and maintenance of the city’s infrastructure and services.
This blog post will provide you with a comprehensive guide to paying Gurgaon property tax. We will cover everything from how to calculate your property tax to how to make a payment online or offline. We will also discuss the benefits of paying your property tax on time and some common mistakes to avoid.
Types of property tax in Gurgaon
There are two main types of property tax in Gurgaon:
- Residential property tax:Â This tax is levied on all residential properties in Gurgaon, including houses, apartments, and villas.
- Commercial property tax:Â This tax is levied on all commercial properties in Gurgaon, including offices, shops, and factories.
In addition to these two main types of property tax, there are also a number of other smaller types of property tax, such as:
- Property tax on vacant plots:Â This tax is levied on all vacant plots in Gurgaon.
- Property tax on agricultural land:Â This tax is levied on all agricultural land in Gurgaon.
- Property tax on religious and charitable institutions:Â This tax is levied on all religious and charitable institutions in Gurgaon, but it is typically at a lower rate than the other types of property tax.
The MCG also offers a number of exemptions and rebates on property tax for certain categories of property owners, such as senior citizens, widows, and disabled people.
How to calculate your property tax?
Your property tax is calculated based on the assessed value of your property. The assessed value is determined by factors such as the property’s type, size, location, and age.
To calculate your property tax, you can use the following formula:
Property tax = Assessed value of property * Property tax rate
The property tax rate for residential and commercial properties is different. The property tax rate for residential properties is as follows:
- Up to 300 sq yards: Rs. 1/sq yard
- 301-500 sq yards: Rs. 4/sq yard
- 501-1000 sq yards: Rs. 6/sq yard
- 1001-2 acre: Rs. 7/sq yard
- 2 acre and above: Rs. 10/sq yard
The property tax rate for commercial properties is higher than the property tax rate for residential properties. The property tax rate for commercial properties is as follows:
- Up to 500 sq yards: Rs. 24/sq yard
- 51 to 100 sq yards:Â Rs. 36/sq yard
- From 101 sq yard to 500 sq yard: Rs. 48/sq yard
- From 501 sq yard to 1,000 sq yard: Rs. 60/sq yard
- Above 1,000 sq yard: Rs. 15
Example:
Let’s say you own a 200 sq yard residential property in Gurgaon. Your property tax will be calculated as follows:
Property tax = 200 sq yards * Rs. 1/sq yard = Rs. 200
How to pay your property tax?
You can pay your property tax online or offline.
To pay your property tax online:
- Visit the MCG website: https://www.mcg.gov.in/default.aspx
- Click on the “Property Tax” tab on the left side of the screen.
- Enter your details and login.
- Enter your property ID or your property address, locality, and owner’s name.
- Review your property tax bill and click on the “Pay Now” button.
- Select your preferred payment method and complete the transaction.
To pay your property tax offline:
You can pay your property tax offline at any of the following locations:
- MCG Property Tax Collection Centres (also known as Citizen Facilitation Centres)
- Any branch of Oriental Bank of Commerce in Gurugram
You will need to carry the following documents with you to make an offline payment:
- Your property tax bill
- A valid government-issued ID proof
Benefits of paying your property tax on time
- Avoid penalties:Â If you pay your property tax after the due date, you will be liable to pay a penalty of 1.5% per month on the outstanding amount.
- Get a rebate:Â The MCG offers a rebate of 10% on property tax payments made before July 31st of the assessment year.
- Maintain a good credit rating:Â Paying your property tax on time helps to maintain a good credit rating. This can be beneficial when applying for loans or other forms of credit.
- Contribute to the development of Gurgaon:Â Property tax revenue is used by the MCG to fund a variety of important services, such as road construction, waste management, and public transportation. By paying your property tax on time, you are contributing to the development and maintenance of Gurgaon.
Common mistakes to avoid when paying Gurgaon property tax
Here are some common mistakes to avoid when paying Gurgaon property tax:
- Missing the due date:Â The due date for paying Gurgaon property tax is July 31st of the assessment year. If you miss the due date, you will be liable to pay a penalty of 1.5% per month on the outstanding amount.
- Paying the wrong amount:Â Make sure to calculate your property tax correctly before making a payment. You can use the MCG’s online property tax calculator to calculate your property tax.
- Paying to the wrong account:Â Make sure to pay your property tax to the MCG’s designated bank account. You can find the bank account number on your property tax bill.
- Not keeping a record of your payment:Â Once you have made a payment, be sure to keep a record of the payment, such as a receipt or bank statement. This will come in handy in case you need to prove that you have paid your property tax on time.
Additional tips for paying Gurgaon property tax
Here are some additional tips for paying Gurgaon property tax:
- Pay online:Â Paying your property tax online is the most convenient and efficient way to make a payment. You can pay your property tax online using the MCG’s website or the MCG’s mobile app.
- Set up a reminder:Â If you are prone to forgetting to pay your bills, set up a reminder on your calendar or phone to remind you to pay your property tax before the due date.
- Pay the full amount:Â If possible, pay the full amount of your property tax in one lump sum. This will help you avoid paying interest on any outstanding balance.
- Take advantage of the rebate:Â Don’t forget to take advantage of the 10% rebate offered by the MCG on property tax payments made before July 31st of the assessment year.
Conclusion
Paying Gurgaon property tax is an important responsibility for all property owners in the city. By following the tips in this blog post, you can easily pay your property tax on time and avoid any penalties or hassles.
If you have any questions or concerns about paying Gurgaon property tax, you can contact the MCG’s customer service department. The MCG’s customer service representatives can help you with everything from calculating your property tax to making a payment.
