Property Tax Guide-Ghaziabad
Property tax is one of the most significant resources of revenue for the Nagar Nigam Ghaziabad (NNG). All properties, residential and commercial, that fall under the jurisdiction of the NNG are assessed for property tax. Given below is an insight into the property tax system of Ghaziabad.
Calculation of property tax in Ghaziabad
The property tax assessment system in Ghaziabad is based on the Annual Ratable Value (specific for each zone as per NNG) for residential and commercial properties. For vacant and open plots, the property tax assessment system is based on the Capital value of the property.
For manual calculations, you can use the following formula:
T = (Tenanted area of property) × (Per sq.ft. rate of property) × 10(Months)
S = (Self-occupied area of property) × (Per sq.ft. rate of property) × 10(Months)
C = (Vehicle parking area) × (Per sq.ft. rate of vehicle parking area) × 10(Months)
G = Gross Unit Area Value
H = Percentage of depreciation rate
I = Depreciation amount
J = Net Unit Area Value of property after depreciation
K = Property Tax
G = (T+S+C)
I = (G×H)/100
J = G – I
K = J×20%
The rate per sq.ft of your property depends on the zone in which your property lies and can be determined with the help of the zone details published by Nagar Nigam Ghaziabad. In the same way, depreciation details can also be determined with the help of information provided on the NNG website.
Where to pay property tax in Ghaziabad?
The Nagar Nigam of Ghaziabad facilitates its citizens with an efficient online self-assessment system. Once you fill in the asked details at Nagar Nigam of Ghaziabad online self-assessment system.The website helps tax payers with the accurate property tax bill that needs to be paid in that financial year.
Property tax collection centres in Ghaziabad
The easiest and the most convenient way to pay your property tax bill in Ghaziabad is by visiting Nagar Nigam of Ghaziabad official website and selecting the option of “Property tax pay online”. Once you fill in the relevant details, you will be directed to the gateway of your preferred mode of payment. If you want to pay directly, then you will have to visit the Nagar Nigam Office in Ghaziabad.
