Simple & Easy Process to Pay your Property Tax in Chennai

The launch of digitalisation method has not only brought transparency but also made it easier for individuals to pay taxes on time. When it comes to property tax, the charges are usually levied by the state on real estate assets that an individual owns.  

The Greater Chennai Corporation is in charge of managing, regulating and collecting property tax in Chennai, which is considered as one of the major sources of income. In order to make the process convenient, the Government has introduced both online and offline procedures which help the homeowners to avoid defaults and tax penalties.  

Process of paying house tax in Chennai

As a matter of fact, the collected property tax in India is also used on land improvements and other necessary aspects like road repairs, maintenance of lands, etc. The tax amount usually varies from one location to another and, due to the digital method, individuals are able to clear this liability without any hassle. 

Following are the steps to pay property tax online:

• Homeowners are required to visit the online portal of Chennai Corporation in order to begin the process of paying property tax. In the next step, they need to choose the ‘Online Civic Services’ option followed by pay property tax online ‘Online payment’ option. 

• In this step, they will be required to fill in certain information like ward number, zone number, bill and sub number, etc., and click on the submit button. It is advisable to go through all the information and even refer to the previously paid tax receipts once before submitting. 

• After that, they can see the outstanding amount on the screen. In order to pay the property tax, they can simply choose the ‘pay’ option and pay using credit or debit card or net banking system to complete the process. 

Due to these online procedures, from applying for a property loan to paying tax for that property, everything has become simple and streamlined. While going through these online portals, individuals can also figure out the ways to avail tax benefits on loan against property. However, individuals so disposed can still take advantage of the traditional offline process. Here is what they need to do:

For the offline process, individuals are required to submit the payments at Tax collectors, E-seva centres, TACTC or Tamil Nadu Arasu Cable Television Corporation in Taluk offices. They can also drop a cheque or demand draft by addressing to the Revenue Officer or Chennai Corporation to complete the offline process of paying property tax in Chennai. 

After the launch of so many convenient options, individuals are able to pay their taxes on time which has also enabled them to avoid penalty charges. Additionally, the tax documents come as a big help while applying for new housing loans or mortgage loan. Apparently, these loans enable borrowers to find new ways to effectively repay their existing loans as they can obtain a sizable amount by pledging their property as collateral. 

These days, financial institutions are also introducing pre-approved offers to make financing less time-consuming. These offers are available on multiple financial products like home loans, loan against property, etc. Make sure to check your pre-approved offer by submitting your name and contact number before you opt for a new lender.

Also, individuals who are about to get into the process of paying property tax in Chennai for their new home can use the online tax calculator to know the estimated charges. This not only helps them to stay prepared beforehand but also manage their additional liabilities like paying EMIs for their loan against property.