Introduction
Property tax in Varanasi has become easier as Varanasi Nagar Nigam has launched its official website. The user-friendly platform enables timely payment of Varanasi property tax without the hassle of waiting in long queues. Timely payment of property tax in Varanasi offers concessions and deductions on tax value for both residential and non-residential properties.
Table of Contents
- Property Tax Rate in 2024
- Mode of Property Tax Payment: Online
- How to Calculate Property-Tax Varanasi
Varanasi Nagar Nigam collects property tax in Varanasi through its official portal. Tax rates for residential and non-residential properties are determined based on market trends and the type and age of the property.
One can pay property tax in Varanasi using their house number, 17-digit unique number, MISID, or user number. Provides a detailed guide to property tax rates, concessions, advance tax payments, and other latest updates in Varanasi.
Property Tax Rate in 2024
The property tax rate in Varanasi usually depends on the age and type of property. Let’s see the property tax rates for residential and non-residential properties:
- Residential properties
| Type | Property tax rate in Varanasi |
| Building is 11 years to 20 years old. | 32.50 % less than the gross annual valuation of the building. |
| Building is 10 years old. | 25 % less on the gross annual valuation of the building. |
| Building is more than 20 years old. | 40 % less on the gross annual valuation of the building. |
- Non-residential properties
| Valuation | Property tax rate |
| Up to Rs 50,000 annual valuation | 11 percent |
| Annual valuation above Rs 50,000 | 15 percent |
Mode of Property Tax Payment: Online
Payment of property tax in Varanasi is streamlined with the official website of Varanasi Nagar Nigam. Citizens are required to upload documents like ID proof (Driving License, Voter ID, PAN Card, Ration Card, and Aadhaar Card), Affidavit, Photo of the new employer, and the first and last page (front and back) of the registry.
To pay Varanasi property tax, citizens must enter their valid house number or separate property number in the online portal. Here are the steps to pay property tax online in Varanasi without any hassles:
- Step 1: Visit the official Varanasi Nagar Nigam website.
- Step 2: Click on ‘Pay Property/Water/Sewage Tax’ under the ‘E-Services’ tab.
- Step 3: Enter a valid house number, 17-digit unique number, MISID, or user number.
- Step 4: Click on the search button to pay property tax in Varanasi.
The last date to pay the property tax in Varanasi is on or before October 31, 2024, without any penalty.
How to Calculate Property-Tax Varanasi
Varanasi has several divisions for determining property tax. Let us know some important points to consider while calculating property tax in Varanasi:
- Built-up area
- Carpet area
- Age of property
- Property type
- Tax rates.
The advance property tax payment deadline is the pre-approved period for a citizen to pay their property tax in Varanasi. 10 percent concession on property tax if paid on or before the last date.
Conclusion
As a property owner or investor in Varanasi, a clear understanding of property tax is essential. This tax is crucial in generating revenue to fund the necessary infrastructure development of the city. Find out about the latest property tax rates, concessions, deductions, and due dates in Varanasi. For more information, visit Openplot.
Also read: Property Tax in Bengaluru Is Going to Go Up Hugely