How to Pay MCG Property Tax in Gurgaon

Every citizen of India owning a property are liable to pay property tax to a local governing body. Likewise, the residents of Gurgaon are liable to pay MCG property tax every year. 

The Government uses the funds to maintain and repair civic amenities. Failing to pay the said tax on time can lead to penalties or tax collection authority sealing the property. An individual’s sewage and water connection may also be restricted.

Hence, individuals residing in Gurugram should know all about property tax and its variables to avoid the consequences of non-payment. 

Steps to paying property tax MCG online

Individuals residing in Gurugram can pay the property tax online by visiting the official website.

They can follow the mentioned steps to complete the MCG property tax online payment process few minutes:

Step 1: Visit the MCG website and log in to the account

Step 2: On the home page, select the property tax option

Step 3: Enter required details, such as property owner’s name, mobile number, locality, zone, property id, ward, etc., and click on search.

Step 4: Make a payment on the redirected page via the preferred payment mode

Individuals can click on the property tax bill option on the homepage to download the MCG property tax online payment receipt. 

This receipt will prove property ownership and qualify under the list of documents to apply for a loan against property.

How is the MCG property tax calculated?

The municipality of Gurugram allows the taxpayer to assess their property area and evaluate tax liability. Usually, calculating MCG property tax is quite simple as it concerns the size and usage of a property. 

The residential properties are classified into independent homes, vacant plots or land and apartments or flats for tax assessment purposes. 

If an individual builds a home with multiple floors, the owner can enjoy a 40% rebate on the first floor and 50% on the second floor. However, these floors shouldn’t be used by an owner.

Nevertheless, the formula for MCG tax calculation is as follows-

MCG Property tax Gurgaon= built-up area × type of building x age factor × base value ×  category of use × floor factor.

Who are eligible to gain a rebate on MCG property tax bill payment? 

It is imperative to know that MCG offers a partial or complete property tax exemption to certain individuals. The rebates allowed on MCG house tax payment are as follows:

• Flats of up to 2000 sq. ft- Individuals owning a flat in a housing society with a carpet area of less than 2000 sq. ft. are liable to gain a rebate on MCG tax payment

• Lal Dora properties- MCG offers tax exemption on Lal Dora properties

• Self-occupied houses of freedom fighters, defence personnel, war widows- A self-occupied property owned by freedom fighters, defence personnel, war widows can avail full tax exemption in Gurugram

• Early birds- The MCG also offers a 10% tax rebate to citizens who clear their dues within July 31 of an assessment year.

Moreover, individuals paying the MCG property tax bill within 45 days of receiving the notification can receive a 30% tax rebate.

The taxpayers need to pay the property tax on time to enjoy the benefits. They should download the document showing property tax payment as proof. This will make them eligible to apply for a loan against property that extends substantial credit.

A credible applicant can also gain personalised offers on LAP. For instance, many financers provide pre-approved offers that make loan applications simple. Besides loans against property, these offers are also available on home loans. Check your pre-approved offer by entering your name and contact number.

Hence, potential borrowers who are planning to leverage the equity of their property by availing a loan against property should pay their property tax on time.

Also, individuals residing in Gurgaon should keep a tab on the MCG property tax rate updates to streamline their payment.