Real Estate Forum on Hyderabad Property Tax

Latest Answer: The Government has agreed to give tax rebate of 25 per cent to property owners if their tax evaluation this year was Rs. 500 more than last’s year’s levy. And in case the tax evaluation this year is five times higher compared to last year, then the rebate of the property tax for the residents is around 55 % for the residents.

Latest Answer: I have heard that for now tax rebate is being offered to residents who have not paid yet the taxes fro this fiscal year, I am not sure about the residents who have already paid their taxes.

Latest Answer: The rates were fixed without a proper survey. The property tax surveyors were managed by the bigwigs but the ones without political clout are suffering. The people were not given information on the calculation of sft. In the GHMC, the rates are decided based on the area, in prime areas, the rates are different.

Latest Answer: Oh yeah that's true. Recently, one incident occured as part of this. Two garbage bins were installed in front of State Bank of India at Karwan and locked the gate of the bank’s premises and prevented bank authorities from functioning, thereby causing inconvenience to the bank’s account holders.

Latest Answer: Hey. This is fresh news. There is a full-fledged budget for the new state now, Telangana government proposed a total expenditure of Rs 1,15,689 crore, including non-plan expenditure of Rs 63,306 crore for 2015-16.

Latest Answer: This is kind of unfair, the property tax that has been charged for the residents in this area should be the same as that of the areas in the other municipalities. Specially as the facilities that are provided are all the same.

Latest Answer: This year, the GHMC has also collected information from the electricity department to identify all those buildings using a commercial connection, so that the building could be assessed as a commercial property

Latest Answer: But right now, it is not clear whether VAT would be altered considerably, the officials said the changes would be moderate. For instance, a wide range of commodities including pulses, grains, electronic goods, computer peripherals, chemical fertilizers fall under five per cent tax category, and the rate may be changed to 5.5 per cent.

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 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.