Introduction
Gurgaon and Faridabad are A1 cities for property tax collection, and the Municipal Corporation of Gurgaon has created an online portal to simplify the calculation, assessment, and collection of property taxes. In this blog post, we will discuss the different rates of property tax for residential properties in Gurugram and Faridabad, including independent houses, apartments, flats, and vacant plots.
Residential Property Tax Rates in Gurugram
In Gurugram, residential properties are categorized as independent houses, flats within housing societies, and vacant plots. Let’s take a look at the different property tax rates for each category:
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Property Tax Rates for Independent Houses
The property tax rates for independent houses in Gurugram depend on the size of the house:
| House Area | Property Tax Per Annum |
| Up to 300 sq. yd | Re 1 per sq. yd |
| 301-500 sq. yd | Re 4 per sq. yd |
| 501 sq yd – 1000 sq yd | Rs 6 per sq. yd |
| 1001 – 2 acres | Rs 7 per sq. yd |
| > 2 acres | Rs 10 per sq. yd |
There is a rebate of 40% on the 1st floor and 50% on the 2nd floor if there are multiple floors. However, if each floor is owned by different individuals, there is no rebate. There is no tax on parking or for the basement area.
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Property Tax Rates for Flats within Gurugram Housing Societies
If you own a flat within a housing society in Gurugram, the property tax rates are based on the carpet area of the flat:
| House Carpet Area | Property Tax Per Year |
| Up to 2,000 sq. ft | Re 1 per sq. ft |
| 2,001 – 5,000 sq. ft | Rs 1.20 per sq. ft |
| > 5,000 sq. ft | Rs 1.50 per sq. ft |
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Property Tax Rates for Vacant Plots
The property tax rates for vacant plots in Gurugram differ for residential plots and institutional/commercial/industrial plots:
Residential Plots:
| Vacant Plot Area | Property Tax Per Year |
| Up to 100 sq. yd | Nil |
| 101 – 500 sq. yd | Rs 0.50 per sq. yd |
| > 500 sq. yd | Re 1 per sq. yd |
Institutional, Commercial, and Industrial Plots:
| Size | Rate |
| Up to 100 sq. yd | Nil |
| 101 – 501 sq. yd | Rs 5 per sq. yd |
| > 501 sq. yd | Rs 2 per sq. yd |
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Property Tax on PGs in Gurugram
Paying Guest accommodations in Gurugram are now categorized as lodging houses and are subject to property tax. The owners of PG accommodations have to pay Rs 1000 per bed per year.
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Property Tax on Shops
The property tax rates for shops in Gurugram vary based on the shop area:
| Shop Area | Property Tax Per Year |
| Up to 500 sq. yd | Rs 24 per sq. yd |
| 501 to 1000 sq. yd | Rs 36 per sq. yd |
| 1001 sq. yd – 5000 sq. yd | Rs 48 per sq. yd |
| > 5001 sq. yd | Rs 60 per sq. yd |
There is a rebate of 40% for the first floor and 50% for the second floor if the entire building is owned by a single person.
Frequently Asked Questions
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What is the property tax rate for independent houses in Gurugram?
The property tax rate for independent houses in Gurugram varies based on the size of the house. It ranges from Re 1 per sq. yd to Rs 10 per sq. yd.
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How are property taxes calculated for flats in Gurugram housing societies?
Property taxes for flats in Gurugram housing societies are calculated based on the carpet area of the flat. The rates range from Re 1 per sq. ft to Rs 1.50 per sq. ft.
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Are there any rebates for multiple floors in independent houses?
Yes, there is a rebate of 40% on the first floor and 50% on the second floor if there are multiple floors in an independent house. However, if each floor is owned by different individuals, there is no rebate.
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Are there any exemptions for vacant plots in Gurugram?
Yes, there is no property tax for vacant plots up to 100 sq. yd in Gurugram. For plots between 101 and 500 sq. yd, the tax rate is Rs 0.50 per sq. yd, and for plots larger than 500 sq. yd, the tax rate is Re 1 per sq. yd.
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How much property tax do PG owners in Gurugram have to pay?
PG owners in Gurugram have to pay Rs 1000 per bed per year as property tax.
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What is the property tax rate for shops in Gurugram?
The property tax rate for shops in Gurugram varies based on the shop area. It ranges from Rs 24 per sq. yd to Rs 60 per sq. yd.
Conclusion
Understanding the property tax rates is important for property owners in Gurugram and Faridabad. By knowing the rates for different types of properties, they can budget accordingly and fulfill their tax obligations. To calculate the exact property tax for a specific property, it is advisable to consult the Municipal Corporation of Gurgaon’s online portal or seek professional assistance. Paying property taxes on time not only helps maintain the city’s infrastructure but also avoids penalties and legal issues.
Take advantage of the Municipal Corporation of Gurgaon’s online portal to simplify your property tax calculation and payment process. Stay updated on the latest tax rates and rules to ensure compliance with the law.
If you have any more questions about property taxes in Gurugram and Faridabad, feel free to reach out to us. Our team of experts is here to help!
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