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Property Tax Nagpur

NMC Nagpur Property Tax

Last Updated 23rd Jun 2021

  • The Nagpur property tax is collected by the NMC or the Nagpur Municipal Corporation from owners of all Nagpur properties.
  • NMC Nagpur Property Tax is collected for undertaking developmental cavities in the city.
  • Nagpur Municipal Corporation calculates property tax on the Ratable Value-Based System or the Annual Rental Value System.
  • The property’s annual rent is calculated on factors such as ready reckoner rates, age of the property, structure type, and usage of the property.
  • You can pay Nagpur NMC tax or house tax both offline and online.
INCOME TAX CALCULATOR

NMC Nagpur Tax

Nagpur is the winter capital of the state of Maharashtra, and also one of the largest cities. Thereby several people own residential or commercial properties in Nagpur such as houses, flats, offices, buildings, plots, shops, godowns, etc. However, similar to all cities and towns, the official authorities in Nagpur collect the property tax from all properties owners. The Nagpur property tax is collected by the NMC or the Nagpur Municipal Corporation for undertaking development and maintenance activities related to infrastructure in the city.

How does the NMC Calculate Property Tax?

NMC Nagpur property tax is calculated based on the Rateable Value-Based System or the Annual Rental Value System, thereby on the annual letting value of the concerned property. Also, ten per cent if this annual rent is levied as a general tax. The annual rent of the property is, however, derived based on the monthly rent. The monthly rent, however, is not the actual rent that is charged or collected on an owned property; indeed, it is the rent valuation estimated on various factors such as the size of the property, location, and existing condition, net Built-Up area, structural Details, usage of the property, and occupancy of the property. Some of these factors are explained as follows:

  • Ready Reckoner rates: The rate of a property is estimated based on the ready reckoner rate, and thereby the property is categorized into a block, as mentioned below:
    Ready Reckoner Rate (RR)Block Value
    Above ₹ 50,000Block 1₹ 11
    ₹ 40,000 - ₹ 50,000Block 2₹ 10
    ₹ 30,000 - ₹ 40,000Block 1₹ 9
    ₹ 30,000 - ₹ 20,000Block 1₹ 8
    ₹ 20,000 - ₹ 10,000Block 1₹ 7
    Below ₹ 10,000Block 6₹ 6
  • Structure Type: Based on the property’s structure type, properties are distinguished into four types, premium quality, good quality, average quality and low quality. These structure types are allocated a weightage of 1.25, 1, 0.80 and 0.50 respectively.
  • Age Factor: The property’s age is also an important factor for deriving the rental value. Weightage to properties on the basis of the vintage is allocated as follows:
    Age of the PropertyWeightage
    0-10 years 1
    11-20 years0.95
    21-30 years0.90
    31-40 years0.85
    41-50 years0.80
    51-60 years0.75
    Above 60 years0.70
  • Usage of the Property: Another factor determining the monthly rent or the Annual rent is the property’s usage, whether used as commercial, residential or for an unspecified purpose. Commercial properties such as airports, restaurants, petrol pumps, clubs, hospitals, etc. are allotted a weightage of 2.5, residential properties residential buildings, chambers, etc. are allotted weightage of 1. In contrast, unspecified properties such as factories, warehouses, etc. are granted weightage of 2.

Nagpur Property Tax Payment

Nagpur Municipal Corporation Property Tax Payment can be made both offline and online. For offline payments, one is required to visit the Nagpur Municipal Corporation branch office. You can make a payment via cash or cheque. If you choose the offline method, ensure that you collect the payment receipt after making a payment.

For NMC Nagpur property tax pay online, visit the official online portal of the NMC. On the portal, look out for the property tax page and log in. As you log in, click on the option, ‘view your property tax demand’ and enter the required details such as the index number. Further, for making the associated payment, choose the payment method as per your preference amongst net banking, debit cards or credit cards. As you complete the payment successfully, a receipt is generated on the screen. It is advisable that you save or download the copy or take a printout for future purposes.

FAQs

How is property tax calculated in Nagpur?

Property tax is calculated in Nagpur, on the basis of a rateable value-based system, where tax estimate is derived out of annual letting value. The annual letting value or the annual rent is further derived out of retable income of the property based on factors such as reckoner rate, age, usage and structure type.

How do I pay my NMC tax online?

You can pay your NMC tax online by visiting the official house tax portal of Nagpur Municipal Corporation. Online payments can be made via various modes such as credit card, debit card and net banking.


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