If you own a property in Delhi, you must be aware that you need to pay property tax to the municipal authorities annually. The property tax collected is used for the welfare and development of your locality, so you must not skip it. If you are unsure about how to calculate property tax Delhi then I may be able to help you. I have read about taxes and I can tell you how it is calculated in Delhi.
How to calculate property tax Delhi?The calculation of property tax in Delhi is based on unit area system. There are a few factors which are taken into consideration such as age of the property, built up area, usage of property, and structure of the property.
The formula to calculate property tax Delhi is:
Property tax = Annual value x Rate of tax Where Annual value = Unit area value per sq meter x Unit area of property x Age factor x Use factor x Structure factor x Occupancy factor.
You must note that Unit area value is categorized in 8 categories named as Category A to Category H. This rate is given per square meters in Rs.
The age factor for buildings constructed before 1960 is 0.5. For those constructed between 1960-69, 1970-1979, 1980-1989 and 1990-1999, the age factor assigned is 0.6, 0.7, 0.8 and 0.9 respectively. Whereas, age factor for properties post 2000 is 1.
Similarly, use factor is assigned for residential, non residential, industry, entertainment and club, and restaurants and hotels differ in the range of 1 to 10.
Here is what the structure or RCC factor looks like:
Construction type |
Structure factor assigned |
Pucca (RCC Construction) |
1.0 |
Semi-pucca Property |
1.0 |
Kuchha Property |
0.5 |
If the property is self occupied, the usage factor is 1, while if your plot is vacant or generates the rental income, usage factor will be 0.6 and 2 respectively.
Tax rate to calculate property tax DelhiCategory |
Property Tax Rate for Residential Property |
Tax Rate for Commercial Property |
Tax Rate for Industrial Property |
A |
12% |
20% |
15% |
B |
12% |
20% |
15% |
C |
11% |
20% |
12% |
D |
11% |
20% |
12% |
E |
11% |
20% |
12% |
F |
7% |
20% |
10% |
G |
7% |
20% |
10% |
H |
7% |
20% |
10% |
I hope this detailed answer helps you know how to
calculate property tax Delhi
.
Read more:
How to calculate property tax
How property tax is calculated in Pune
How to calculate arrears of property tax
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Authors Of The Question
How to calculate house tax in Delhi?
Sarabjeet
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1 Answers
3 Year
2021-12-23T11:37:27+00:00 2022-01-10T16:17:58+00:00Comment
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