All About Property Tax in Pune (PMC)

1. Overview of Pune Municipal Corporation Property (PMC) Tax

According to the location of a property, The Pune Municipal Corporation (PMC) or the Pimpri Chinchwad Municipal Corporation (PCMC) is the administrative body responsible for the collection of property taxes in Pune. The PMC has been catering to citizens of Pune since 1950, and property tax is the largest revenue to the PMC right after Octroi (duty levied on various goods entering the city).

More than eight lakh properties are covered by the PMC within its jurisdiction. It is expected that the PMC will soon map all the properties using GIS. This will enable the identification of defaulters and will enhance revenue significantly.

PMC evaluates individual and commercial properties and levies a tax on the same. The tax levied is in direct correlation to the location of the property, besides other contributing factors. All vacant lands and properties within the jurisdiction of the PMC fall under the property tax bracket. It is the carpet area of the property that determines the tax to be paid. For the calculation of property tax, the PMC adheres to the capital value-based system.

A New Approach

In September 2016, the PMC initiated geo-tagging of properties within its jurisdiction, coupled with the identification of illegal and unauthorised properties by employing the Geographic Information System (GIS). This was done in an effort to automate the entire process of property tax assessment and to boost revenue. The process involves the verification of the existing size of the property, stating information about the owner, gathering photographs and relevant documents.

2. Pune Property Tax Calculator

Property tax constitutes a percentage of the real value of a property, which is established using a ready reckoner, also used by the revenue department to calculate stamp duty.

The method of calculation is as follows:

Property Tax = Capital Value x Tax Rate

For the calculation of Capital Value:

Capital Value = Base Value x Built-up Area x Usage x Building Type x Age Factor x Floor Factor

The PMC enables online property tax evaluation by entering the user’s locality, area, usage, type, total floor area and the age of the property.

3. How do I Pay Pune (PMC) Property Tax Online?

There are two different tax payment procedure for the PMC and the PCMCrespectively. They are as follows

Steps to Pay (PMC) Property Tax in Pune Municipal Corporation

• Log on to the PMC website
• Select the ‘pay online’ option or ‘NEFT/RTGS payment’ according to your choice
• Enter your property detail and ‘submit’
• Verify the details of the property owner along with the property tax dues which might be displayed
• Enter the amount you want to pay, verify email id and phone number. Proceed to select the payment gateway such as internet banking, or using a debit/credit card. Additional charges may be included on payment through a debit/credit card

Steps to Pay (PCMC) Property Tax in Pune Chinchwad Municipal Corporation

• Log on to the PCMC website
• Select property tax under the ‘residents’ section and then click on ‘property bill’
• Enter zone, Gat no., the name of owner and address
• Access bill and make payment

Any grievances concerning online payment or assessment of property tax can be sent to propertytax@punecorporation.org.

4. How do I Pay Pune (PMC) Property Tax Offline?

Cash, cheques and demand drafts are accepted for offline payment of property taxes. Cheques and demand drafts have to be drawn in favour of ‘The Assessor and Collector of Tax, P.M.C Pune’. The tax can be paid off at any of the 30 PMC government ward offices of PMC or the Citizen’s facilitation centres which are run by PMC or their authorised bank branches. The authorised banks include Cosmos, HDFC, ICICI or Bank of Maharashtra. There are even self-pay tax payment kiosks.

5. Due Date, Penalty and Other Rewards

Pune Chinchwad Municipal Corporation (PCMC)

• Due Date: The due date for the first half year (April 1st to September 30th) is 31st May. The due date for the 2nd half of the year (October 1st to March 31st) is 31st December.
• Penalty: 2% penalty is charged per month in the event of extension beyond the due date. A penalty is charged from 1st July and 1st January for the first and second half of the year respectively.
• If the property tax is paid by the 31st of May, the below-mentioned rebates are available:
• For open plots, non-residential and residential properties which are registered as residential buildings, there is a 10% discount on the general tax in case of annual rateable value up to Rs 25,000 and 5% discount on general tax in case of the annual rateable value of Rs 25,001 and above
• In the event of residential properties having solar power, vermiculture and rain-water harvesting facilities, there is a 55 discount on municipal tax (excluding water tax and government taxes) in case of one of these projects. Moreover, there is a 10% discount on municipal tax (excluding water tax and government taxes) in the case of two of these projects

Pune Chinchwad Municipal Corporation PCMC

• 10% concession on general tax if the entire property tax is paid by June 30

6. Getting an Online Pune Property Tax Receipt

After an online payment of property tax, you can print a receipt. You can also log on tohttp://propertytax.punecorporation.org/and select ‘Tax Receipt’ to locate all your prior payment receipts.