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Calculate Ludhiana Property Tax & Online Payment

Manual Process to Calculate Tax Amount for Residential Property

 Pointers Value Total Plot Area of a Unit Collector Rate Plot Value Covered Area of a Unit 200 sq yd 11400 per sq yd 200x11400 = ₹ 22,80,000 1800 sq feet (rcc) Cost of Construction Total Cost of Construction Depreciation on Construction Cost Net Cost of Construction Total Cost of Building A.R.V. ₹ 500 per sq feet 1800x500 = ₹ 9,00,000 10% 9,00,000 - 90,000 = ₹ 8,10,000 22,80,000 + 8,10,000 = ₹ 30,90,000 30,90,000 x 5% = ₹ 1,54,500 Property Tax 1,54,500 x 0.5% = ₹ 772.50

Manual Process to Calculate Tax Amount for Non-residential Property

 Pointers Value Total Plot Area of a Unit Collector Rate Plot Value Covered Area of a Unit 200 sq yd 11400 per sq yd 200x11400 = 22,80,000 1800 sq feet (rcc) Cost of Construction ₹ 500 per sq feet Total Cost of Construction Depreciation on Construction Cost Net Cost of Construction Total Cost of Building A.R.V. 1800x500 = ₹ 9,00,000 10% 9,00,000 - 90,000 = ₹ 8,10,000 22,80,000 + 8,10,000 = ₹ 30,90,000 30,90,000 x 5% = ₹ 1,54,500 Property Tax 1,54,500 x 3% = ₹ 4,635
Now that individuals know the calculation process, let’s learn about the property tax payment process.