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Calculate GVMC Property Tax in Visakhapatnam & Online Payment

Greater Visakhapatnam Municipal Corporation Property Tax: An overview

Calculation of GVMC Property Tax

Property Tax for Residential and Non-Residential Buildings

Range of annual rental value of properties

Rate of property tax for residential buildings

Rate of property tax for non-residential buildings

More than Rs.3,600

30%

30%

Rs.2,401 – Rs.3,600

22%

30%

Rs.1,201 – Rs.2,400

19%

30%

Rs.601 – Rs.1,200

17%

30%

Up to Rs. 600

Exempted from the payment of GVMC property tax.

30%

A key takeaway from the above table is that while tax rates vary for residential properties based on their ARV, it is not the case for non-residential properties. In fact, owners of non-residential properties are subject to tax payment at the rate of 30%, irrespective of the ARV of their property.

If manual computation becomes too hectic, you can also utilise a GVMC property tax calculator for a simpler assessment of due liabilities. 

Payment of GVMC property tax

FAQs About GVMC Property Tax in Visakhapatnam

Who is responsible for paying property tax in Visakhapatnam?

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Owners of any real estate in Visakhapatnam are liable to pay property taxes. Here, the estate can either be a commercial or residential property. Furthermore, property owners must pay this tax regardless of whether they use the property for self-residence or rent it out.

Owners of any real estate in Visakhapatnam are liable to pay property taxes. Here, the estate can either be a commercial or residential property. Furthermore, property owners must pay this tax regardless of whether they use the property for self-residence or rent it out.

What happens if I do not pay property tax in Visakhapatnam?

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In the event of non-payment of GVMC property tax, you will attract a penalty. The fine equates to  2% on the payable amount.

In the event of non-payment of GVMC property tax, you will attract a penalty. The fine equates to  2% on the payable amount.

How to get the assessment number for viewing the GVMC property tax bill?

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Visit the GVMC website and follow the instructions for generating a new assessment number. In this process, you will have to enter your old assessment number to get a new one.

Visit the GVMC website and follow the instructions for generating a new assessment number. In this process, you will have to enter your old assessment number to get a new one.

What is the due date for submitting property tax in Visakhapatnam?

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The due date for submitting property taxes in Visakhapatnam is before 30th April every year. There is a 5% rebate for advance property tax payments for the current financial year.

The due date for submitting property taxes in Visakhapatnam is before 30th April every year. There is a 5% rebate for advance property tax payments for the current financial year.

Is there any penalty for not paying GVMC Property Tax in Visakhapatnam?

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Yes, there will be a penalty if you fail to pay GVMC Property Tax in Visakhapatnam. It is a monetary fine of 2% of the total payable amount for each month.

Yes, there will be a penalty if you fail to pay GVMC Property Tax in Visakhapatnam. It is a monetary fine of 2% of the total payable amount for each month.