The GHMC Vacant Tax Calculator simplifies the process of determining the tax on vacant lands by calculating 0.5% of the land’s capital value as per GHMC regulations. Find the process, required documents, and penalties for delayed payments. Here’s a simple calculator and explanation of its usage.
GHMC Vacant Land Tax Calculator
The GHMC VLTIN stands for Vacant Land Tax Identification Number, which is a unique identifier assigned by the Greater Hyderabad Municipal Corporation to each vacant land property for taxation purposes.
GHMC Vacant Land Tax Calculation Formula
If a plot of land has a government assessed market value of Rs.20,00,000, its capital value for tax purposes would be Rs.20,00,000.
For Vacant Land Tax under GHMC, which is calculated at 0.5% of the capital value:
Example: GHMC Vacant Land Tax = 0.5%*20,00,000 = Rs. 10,000
How to Obtain GHMC VLTIN and Required Documents
To get a VLTIN and to calculate, impose GHMC Vacant Land Tax payment, property owners must submit required documents such as:
- Latest Encumbrance Certificate (E.C.) and Market Value: To determine the current market valuation of the land.
- Registered Sale Deed: Proof of ownership.
- Link Documents: Attested by a Gazetted Officer to establish ownership history.
- LRS Regularization (if applicable): Layout Regularization Scheme documents.
Once these are verified by GHMC officials, the Vacant Land Tax is imposed, and the VLTIN is generated for the property.
In summary, the VLTIN serves as a critical tool for managing Vacant Land Tax efficiently, ensuring proper identification, payment tracking, and compliance with GHMC rules.
Usage of VLTIN
- Identification of Property
- Tax Payment Tracking
- Online and Offline Transactions
- Legal and Administrative Purposes
GHMC Vacant Land Tax Calculation Process
The Greater Hyderabad Municipal Corporation (GHMC) imposes a Vacant Land Tax on open plots that are not used for agricultural purposes or are not appurtenant to buildings.
This tax is calculated based on the capital value of the land, as per the GHMC Act.
Below is an overview of the process, legal provisions, and required documentation for calculating and imposing this tax like as below.
- Obtain Property Documents:
- The property owner must provide registered documents of the open plot. Alternatively, these may obtain from the Registration Office.
- Relevant documents include the registered sale deed, link documents, and other supporting records.
- Inspection and Verification:
- A Tax Inspector or Bill Collector from GHMC will inspect the property to verify its status.
- The inspection ensures that the land has a clear title and is eligible for taxation under the Vacant Land Tax provision.
- Tax Calculation:
- The tax imposed at 0.5% of the capital value of the land.
- The capital value determined based on market rates and relevant documentation.
- Imposition of Tax:
- Once verified, GHMC will officially levy the Vacant Land Tax on the property as per the rules outlined in Section 199 of the GHMC Act.
Legal Provisions Under GHMC Act for Vacant Land Taxation
- Section 199:
- Vacant Land Tax applies to lands not used exclusively for agriculture and not occupied by or adjacent to buildings.
- The tax rate fixed at 0.5% of the estimated capital value of such lands.
- Section 212:
- For vacant lands adjacent to buildings, only areas exceeding three times the plinth area of the building or 1,000 square meters (whichever is less) are subject to taxation.
- These excess areas taxed at 0.5% of their estimated capital value.
By following this above procedure, GHMC ensures compliance with its regulations while generating revenue from unutilized urban lands. GHMC area property owners should ensure timely submission of documents and payment of taxes to avoid penalties or disputes.
