Real Estate Forum on Property Tax In Hyderabad

Latest Answer: I agreed with Nagesh, Apart from that, the rates of both, stamp duty and registration charges are based on the price of the property registered or the ready reckoner rate, whichever is higher. Any delay in the payment will charge a penalty of 2% on a monthly basis. Stamp duty charges also depend on whether a given property is new or old.

Latest Answer: Yes!! This is a great way to resolve the issues regarding the property tax and other taxes!! And the officials have promised to resolve the issues right on the spot and followed up and solved at the earliest and requested all the tax payers to avail the opportunity to settle their grievances pertaining to property tax in property tax Parishkaram programme.

Latest Answer: The town officials are now identifying the open spaces in the city for this reason, to see if the buildings have permissions or to see if there are an empty spaces or not. The empty spaces will be safeguarded from encroachers. So far GHMC has identified as many as 3,086 open spaces and their list would be put on the GHMC website. These open space would be protected at all cost and see that they are protected from encroachers  and land grabbers

Latest Answer: Hi, The stamp duty in Hyderabad is dependent on different criterias eg: sales deed or conveyance deed. 1. Sales deed (Stamp duty 4% and registration charges 0.50% ) 2. Conveyance Deed (gift, mortgage, lease etc.) the stamp duty charges would be 5% and registration charges 0.50%. Or, You can see the link, there was a current discussion on property tax happened Stamp and Registration charges in Hyderabad

Latest Answer: The Greater Hyderabad Municipal Corporation uses the annual rental value for calculating the property tax of commercial properties. Simply put, 30 percent of the annual rental value of a commercial establishment is equivalent to the property tax. Residential buildings, on the other hand, use a slightly different variant of this system. The monthly rental value and the plinth area of the building are taken into consideration before coming to final calculation. An updated list of monthly rental values for each location can be obtained from the GHMC’s website online. Using these figures, you have to follow a certain formula to obtain the exact value of your property tax.

Latest Answer: The commercial tax rates of areas like LB Nagar, Uppal, Qutbullapur, Malkajgiri, Kapra, Vanastali Puram, Kothapet, Kukatpally, Saroornagar, Karmanghat, Gaddiannaram etc. has been rationalised and is all set to be reduced by 25 percent to 30 percent.

Latest Answer: Yes rajiv..even i think so...In 2012, the property tax collection at the same period was Rs 486 crore. This means that the current collection is Rs 134 crore more than the last year.

Latest Answer: Hi...the GHMC has decided 100 percent and 50 percent penalty on illegal buildings and floors respectively.

Latest Answer: what greater hyd! the city has no proper power, water supply, roads are bad, pollution is not in check...on what basis are we calling it a greater city! just cause it has a international airport withut an Indian flag? smaller cities such as pune, mysore, cochin, vigz are better places then hyderabad.