Property tax rates in Telangana vary depending on the specific municipal corporation or local body governing the area. For properties within the Greater Hyderabad Municipal Corporation (GHMC) limits, which covers Hyderabad, the property tax is calculated based on the Monthly Rental Value (MRV) per square foot of the property.
How GHMC Property Tax is Calculated
The GHMC utilizes a Unit Area System (UAS) to determine property tax for residential properties. This system considers factors such as the property's plinth area, its usage, and its location. The Monthly Rental Value (MRV) per square foot is a key component in this calculation.
Residential Property Tax Rates in GHMC
The percentage of property tax applied to residential properties within GHMC limits depends on the Monthly Rental Value (MRV) per square foot of the property. The rates are as follows:
| Monthly Rental Value per sq. ft | Applicable Tax Rate |
|---|---|
| Between Rs. 51 and Rs. 100 | 17.00% |
| Between Rs. 101 and Rs. 200 | 19.00% |
| Between Rs. 201 and Rs. 300 | 22.00% |
| Rs. 300 and above | 30.00% |
These percentages are applied to the annual rental value of the property, which is derived from its determined Monthly Rental Value.
Other Factors Affecting Property Tax
Beyond the Monthly Rental Value and the plinth area, other elements influence the final property tax amount, including:
- Type of Property: Residential, commercial, or mixed-use properties may have different calculation methodologies or base rates.
- Location: Properties in prime areas might have higher assigned unit values.
- Usage: Whether the property is self-occupied or rented out can also impact the calculation.
- Age of the Property: Older properties might receive depreciation benefits.
- Occupancy Status: Property tax can vary for rented vs. self-occupied properties.
Taxpayers can typically calculate their property tax and make payments online through the respective municipal corporation's portal.
