Calculate Ludhiana Property Tax & Online Payment
If you are a property owner in Ludhiana, you must pay property tax to the Municipal Corporation of Ludhiana. The State Government collects this tax to work on the development of the city and to provide basic facilities to the residents of Ludhiana. Read on to know about the meaning, calculation and payment process of property tax in Ludhiana.
What Is the Property Tax in Ludhiana?
Property tax is a direct tax that the municipal corporation of Ludhiana imposes on real estate property owners every year. It is one of the important sources of revenue for the State Government of Punjab.
Now that individuals are aware of the significance of the property tax in Ludhiana, let’s find out the process of calculating this tax amount.
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How to Calculate Property Tax Amount in Ludhiana?
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.
How To Pay the Property Tax in Ludhiana?
Property owners of Ludhiana can pay house tax via an online and offline method. Refer to the following sections to complete payment.
How To Pay the Property Tax in Ludhiana Online?
Here is a step-by-step guide on paying property tax in Ludhiana online.
Step 1 – Visit the official website of the Department of Local Government, Government of Punjab.
Step 2 – From the options available on the left tab, click on mSeva Online Municipal Services. From the drop-down box, click on ‘Pay your Property Tax.’
Step 3 – A new webpage will open. Register with user ID and password.
Step 4 – After logging in, choose the Property tax option under the Property tax section. Click on ‘Assess & Pay’ and select ‘Add new property’ or search property for which the assessment process is completed.
Step 5 – Finish the tax preparation process as per requirement. Cross-check all the details provided there and proceed to pay.
Step 6 – Enter property tax amount and click on ‘Pay’. Click on ‘Agree and Continue’.
Step 7 – Complete payment. Payment receipt will appear on the screen. Download it for future reference.
How To Pay the Property Tax in Ludhiana Offline?
Step 1 – Visit the nearest municipal ward according to the residency category (A or B or C). The address is available on the official website of the Department of Local Government, Government of Punjab.
Step 2 – Collect an application form (fees applicable) and fill it up with essential details.
Step 3 – Submit the duly signed format to the counter.
Step 4 – Obtain acknowledgement slip.
What Is the Last Day of Paying Property Tax in Ludhiana?
The Municipal Corporation has declared 31 March 2023 as the last day to clear pending property tax in Ludhiana. Within this period, the property owners must settle their taxes with the administrative body.
If you fail to pay the taxes within the due date, you will have to pay 20% of the tax value as penalty and an additional 18% interest will be levied on top of the cumulative amount.
With such a thorough discussion, we have reached the end of this topic of property tax in Ludhiana. Fill up the application form carefully, understand the payment process well and do not forget to pay it timely.
FAQs About Property Tax in Ludhiana
Can I make a partial property tax payment in Ludhiana?
Yes, you can make a partial property tax payment in Ludhiana.
Do freedom fighters need to pay property tax in Ludhiana?
No, freedom fighters who are receiving a pension from the Government need to pay property tax in Ludhiana.
Is there any exemption on property tax payment in Ludhiana?
Yes, the State Government provides house tax exemption annually up to ₹ 5,000 to widows and disabled persons. These individuals can claim property tax exemption under Section 80 U of the Income Tax Act, 1961.
How much is the property tax discount in Ludhiana?
If you clear your taxes before the due date, then you will be eligible to receive a 5% discount on your property tax amount.