A guide to paying property tax in Pune

Property tax is a recurring charge that homeowners have to pay every year. However, the tax amount varies from one location to another. This is a guide to paying property tax in Pune

Owners of residential properties in Pune, are liable to pay property tax every year to the Pune Municipal Corporation (PMC) or the Pimpri Chinchwad Municipal Corporation (PCMC), based on the location of their property.

In a bid to automate the entire property tax assessment process, the PMC began geo-tagging properties all over the city. In July 2017, it was reported that of the eight lakh properties under its purview, 2.5 lakh had been mapped, using the Geographic Information System (GIS) technology. All properties are expected to be mapped, by January 2018. This exercise is expected to help the PMC to quickly identify unassessed and illegal properties and defaulters who haven’t paid their property tax and in turn, significantly increase the revenue for the municipal body.

In its annual budget proposal for 2017-2018, the PMC introduced a new initiative to encourage the timely payment of property taxes. According to the proposal, all regular payers of property tax, with no gap in payment years or outstanding payments, would be eligible to receive a Rs 5-lakh accident claim insurance from the PMC. This scheme is also expected to encourage slum residents to pay their ‘seva kar’ tax.

In April 2017, the civic body also announced a discount in property tax. Property owners who paid their tax by the end of May, could avail of a 10 per cent discount on an amount below Rs 25,000 and five per cent discount for amounts over Rs 25,000. It also offered an additional two per cent discount, for making the payment online, on the PMC’s website.

See also: Property Tax Guide: Importance, Calculation and Online Payment

 

How to calculate property tax for a residential property in Pune

The PMC offers an online property tax calculator, in which you can enter the following details and ascertain the amount of tax you need to pay on your property:

  • Location
  • Area
  • Usage
  • Type
  • Total plinth area
  • Construction year

 

Where to pay the property tax

The PMC invites property tax payments at its Citizen Facilitation Centre, bank partners (ICICI Bank, Bank of Maharashtra, Cosmos Bank and many more), self-pay tax payment kiosks, as well as online payments on its website. Online payments are your best option, as you can avail of the two per cent rebate offered by the PMC and avoid extra charges.

Paying property tax online

Pune Municipal Corporation – http://propertytax.punecorporation.org/

Pimpri Chinchwad Municipal Corporation – http://203.129.227.16:8080/pcmc/

 

Other charges

If you choose to pay the property tax with your credit, debit or cash card, you will need to pay additional charges on the amount due. However, there are no additional charges, if you pay the tax through internet banking. The property tax should be paid to the PMC by June 30, every year, to avoid a two per cent fine for every month of delayed payment. Also, ensure that the system updates your record and no outstanding amounts are shown against your account. If there are any errors, have them corrected immediately.

 

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