Hello there. We have a property in the Pimpri Chinchwad area of Pune. I was inquiring about how property tax is calculated in Pune. So, I visited the official website of the Pune Municipal Corporation.
I found the answer to my question there. Let me share the same with you here.
How is Property Tax Calculated in Pune?
The property tax is calculated based on certain factors. These are,
The carpet area of the property.
The kind of property, whether it is residential, non-residential, mixed, miscellaneous, industrial or an open land.
As per the ready reckoner.
The type of construction - RCC construction, simple construction or patra shed.
If I talk about the relation between the carpet area and the property tax, it is somewhat like you have to pay a luxury tax if the property exceeds a specific carpet area.
Talking about the ready reckoner rate, also known as guidance value or circle rate, indicates the minimum valuation set by the state government for properties in a specific region. It works like a benchmark for the calculation of the tax.
For the calculator of tax, you can
visit the tax calculator page, present on the PMC website.
You’ll have to select the peth name, construction year, construction type, the carpet area, and your mobile number.
This is all from my end about how to calculate property tax Pune. I hope this helps you.
Pay your Property Tax Via NoBroker and Earn Cashback! Some related information:How to calculate Thane Municipal Corporation Property Tax?
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If you own a residential property in Pune, then you are liable to pay property tax every year to the PCMC (Pimpri Chinchwad Municipal Corporation) or PMC (Pune Municipal Corporation), depending upon your property’s location. Let me tell you how property tax is calculated in Pune:
Pune Municipal Corporation provides an online property tax calculator (
https://propertytax.punecorporation.org/Tax_Calculator.aspx
), which allows you to self-assess your property tax. All you do to do is fill in the details given below:
Construction year
Total plinth area
Type
Usage
Area
Location
(capital value) x (Tax rate) = Property tax
Capital Value = Base value x floor factor x age factor x building type x usage x built up area
You can pay the property tax in Pune online by visiting this link (
https://propertytax.punecorporation.org/
)
I hope this helps
😊
Read more:
How to get section id and peth id for property tax in Pune?
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Authors Of The Question
How Property Tax is Calculated in Pune?
Prasanna Bapat
902 Views
2 Answers
3 Year
2021-09-05T00:17:15+00:00 2021-09-14T19:24:03+00:00Comment
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