Property tax is an annual tax that homeowners have to pay to the government. In Delhi, property tax is collected by the Municipal Corporation of Delhi (MCD). The MCD is responsible for maintaining and providing basic services like sanitation, hygiene, and cleanliness in the city. The property tax collected by the MCD is used to fund these services.
If you own a property in Delhi, you are required to pay property tax to the MCD every year. The amount of property tax you need to pay depends on the size and type of property you own. This article will provide you with a step-by-step guide on how to pay property tax in Delhi.
Step 1: Calculate the Property Tax
The first step in paying property tax in Delhi is to calculate the amount of tax you need to pay. The MCD has created a formula to calculate the property tax based on the size and type of property. To calculate the property tax, you need to know the following information:
• The covered area of your property
• The type of property (residential or commercial)
• The category of property (A, B, C, D, E, F, G, H, J, K, L, or M)
Once you have this information, you can use the MCD property tax calculator to calculate the amount of tax you need to pay. The property tax calculator is available on the MCD website.
Step 2: Generate Property Tax Challan
After you have calculated the property tax, you need to generate a property tax challan. The challan is a document that contains the details of the property tax you need to pay. You can generate the property tax challan on the MCD website.
To generate the property tax challan, you need to enter the following information:
• Property ID (which can be obtained from the MCD website)
• Property tax amount
Once you have entered this information, you can generate the property tax challan.
Step 3: Pay the Property Tax
After you have generated the property tax challan, you need to pay the tax. There are two ways to pay property tax in Delhi – offline and online.
Offline Payment:
If you want to pay property tax offline, you can visit any of the MCD offices and pay the tax in cash. You need to carry the property tax challan with you when you go to the MCD office.
Online Payment:
If you want to pay property tax online, you can do so through the MCD website. To pay property tax online, follow these steps:
• Go to the MCD website
• Click on “Online Services”
• Click on “Property Tax”
• Click on “Pay Property Tax”
• Enter the property ID and click on “Search”
• Verify the property details and click on “Pay Property Tax Online”
• Enter the payment details and click on “Submit”
Once you have submitted the payment details, the property tax will be paid.
Step 4: Receive the Property Tax Receipt
After you have paid the property tax, you will receive a property tax receipt. The receipt is a proof of payment and should be kept safely as it may be required at the time of selling the property.
Loan Against Property:
If you are facing any financial difficulties and need money urgently, you can take an online loan against property. A loan against property is a type of secured loan where you can borrow money by keeping your property as collateral. The maximum loan amount you can get is 60% of the market value of the property.
To avail of a loan against property, you need to follow these steps:
• Contact a bank or financial institution that offers loans against property.
• Provide all the necessary documents (like property documents, income proof, etc.) to the bank.
• The bank will verify the documents and sanction the loan amount.
• Once the loan is sanctioned, the bank will disburse the loan amount to you.
Conclusion:
Paying property tax in Delhi is a simple and straightforward process. By following the steps mentioned above, you can easily pay the property tax and avoid any fines or penalties. It is important to pay property tax on time as it is a legal obligation and failure to do so can result in legal action. Additionally, if you are facing any financial difficulties, you can consider taking a loan against your property to meet your financial needs.
