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Property Tax Pune

Pune Municipal Corporation Property (PMC) Tax

In Pune, it is the Pune Municipal Corporation (PMC) or Pimpri Chinchwad Municipal Corporation (PCMC) that assesses a property to give it a value and levy tax on a person’s property as per the location of property.

PMC has been in active service since 1950 and gathers property tax as its second biggest source of revenue after Octroi.

Introduction to Pune property tax

With the aim of automating the entire property tax assessment process and to boost its revenue, the PMC in September 2016 started carrying out geo-tagging of properties in its jurisdiction along with identifying unauthorised and illegal properties by using Geographic Information System (GIS). Since 1950, the Pune Municipal Corporation /Pimpri Chinchwad Municipal Corporation has been assessing a property to give it a value and levy tax on a person’s property as per the location of property.

Since September, the automation exercise has started work on:

  • Verifying existing property size.

  • Displaying information about owner of property.

  • Taking photographs of the properties and documents.

PMC has under its scanner around 8 lakh properties that have been consistently mapped with the use of GIS technology with the aim of mapping a majority of properties in the near future. This makes for an amazing revenue accumulation for the Pune Municipal Corporation by making defaulter identification simpler.

The tax on property is applicable to almost all the properties and vacant lands inside the Municipal corporation boundaries. Property tax is calculated along the basis of effective carpet area of the property. A capital value-based system for property tax calculation is used by the Pune Municipal Corporation.

Formula for Pune property tax computation

The percentage of the actual value of the property which is based on the ready reckoner that is used to calculate stamp duty by the revenue department is known as the property tax.

Property tax = Tax Rate x Capital Value

Capital Value = Base Value x Built up area x Usage x Building type x Age factor x Floor factor

The Pune Municipal Corporation permits users to derive calculated property tax on the online portal.

This data uses:

  • Locality

  • Area

  • Usage

  • Type

  • Total Plinth Area

  • Age of the Property

Both PCMC and PMC property rates are available online.

Due date, penalty and another rewards PMC

  • For first half year lasting from April 1st to September 30th the due date is 31st May and for second half-year lasting from October 1st to March 31st the due date is 31st of December.

  • Penalty on PMC is at a monthly 2% when the payment is delayed beyond due date. This means when the penalty is charged from the 1st of July, in case of first half year and from 1st January for the second-half year.

  • For people who pay complete property tax by 31st May, these rebates are available:

    • For residential properties/ non-residential/open plot specifically registered as residential building – 10% discount on general tax in case of annual rateable value up to Rs 25,000.

    • 5% discount on general tax in case of annual rateable value of Rs 25,001 and above.

    • For residential properties that have solar, vermiculture and rain-water harvesting systems – there is 5% discount on municipal tax (not including water and government tax) D. In case of one of these projects and 10% discount on municipal tax.

Steps for payment of Pune property tax

In Pune property tax can be paid offline and online both.

Online

  • PMC

    • Go to PMC website.

    • Select ‘pay online’ or ‘NEFT/RTGS payment’ as you wish.

    • Input details of property and click submit.

    • Authenticate property owner details as well as property tax dues that are being shown.

    • Input the amount you desire to pay.

    • Authenticate mobile number and email id.

    • Select gateway of payment such as internet banking, debit/credit card as per your choice and make the payment.

To get a print of receipt visit propertytax.punecorporation.org/ and select “Tax receipt” to find all older receipts and challans.

  • PCMC

    o Select the area your property comes under the Pimpri Chinchwad Municipal Corporation (PCMC). PCMC website can be accessed here. o Select property tax under ‘residents’ and select ‘property bill’. o Enter Zone, Gat No. owner name and address to get the bill and make payment. o In case of queries pertaining to online payment or property tax assessment send to propertytax@punecorporation.org

Offline payment

Property tax offline is accepted in

  • Cash

  • Cheque- Drawn in favour of ‘The Assessor and Collector of Tax, P.M.C Pune’.

  • Demand draft - Drawn in favour of ‘The Assessor and Collector of Tax, P.M.C Pune’.

Property tax is payable at any of the 30 ward offices of PMC or Citizen’s facilitation centres, managed under the PMC or at authorised bank branches such as

  • Cosmos

  • HDFC

  • ICICI

  • Bank of Maharashtra

  • Self-pay tax payment kiosks

Exemption/Concession from payment of property tax

PMC - Properties utilised for worship, public or religious purposes and registered with the charity commissioner as charitable institute/trust are out of the purview of property tax.

PCMC - 50% concession on general tax of properties that are owned by ex-servicemen/freedom fighters/their wives, women and 40% rebate in case of properties registered in the name of people who have above 40% disability.

Frequently Asked Questions

What is PMC property Tax?

In Pune, it is the Pune Municipal Corporation or Pimpri Chinchwad Municipal Corporation that assesses a property to give it a value and levy tax on a person’s property as per the location of property. PMC has been in active service since 1950 and gathers property tax as its second biggest source of revenue after Octroi.

The amount of tax paid by the owner is derived by the way of multiplying fair market value of the property by the current tax rate.

How to pay property tax in Pune?

The Tax payer has the option to pay tax online as well as offline.

Online-

  • Taxpayer can pay the bill online at the Pimpri Chinchwad Municipal Corporation website: pcmcindia.gov.in

  • You need to click on the ‘property and water bill tax’ on the home page. Select property bill.

  • Input zone number,

  • Gat. Number

  • Milkat number to show and pay the bill.

Select the payment tab and input your mobile number and email id.

Offline

Property tax is payable at any of the 30 ward offices of PMC or Citizen’s facilitation centres, managed under the PMC or at authorised bank branches.

Kindly Note:

  • Visa/ Master credit or debit card: 1% of the transaction amount + applicable taxes

  • Maestro Card: 1.8 % of transaction amount + applicable taxes

  • American Express Card: 1 % of transaction amount + applicable taxes

  • Tax diner: 4 % transaction amount + applicable taxes

  • Prepaid cash cards: 4 % of the transaction amount + applicable taxes

How to calculate Pune property tax?

Pune Municipal Corporation gives an online calculator that you may use to make assessment of your property tax. The calculator makes use of the following data:

  • Location

  • Area of property

  • Usage

  • Type

  • Full plinth area

  • Year of Construction

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