Lucknow Property Tax Made Simple: What You Need to Know

lucknow

The famous Corporation in Uttar Pradesh State is the Lucknow Municipal Corporation, also known as Lucknow Nagar Nigam. From this article, you will be able to figure out the details of Lucknow Nigam Property Tax, how to pay LMC Property Tax Online, calculate the tax amount with the help of LMC Property Tax Calculator, the Lucknow Tax Payment Last Date, different Property Tax Rebates, details of Lucknow Nagar Nigam Online Portal, and Lucknow One App as well.

While taxpayers need to pay a one-time add-up to turn into property proprietors, they need to reliably pay more as house tax to keep up with their responsibility for resources. Property tax is an immediate expense forced on property possession. Further in the article, the concept of property tax is explained in detail.

Lucknow Nagar Nigam

Owners of private properties in Lucknow are accountable for paying House Tax to the Lucknow Nagar Nigam consistently. The government uses the assets gathered as Property Tax to provide the common people with basic civic facilities and administrations. The Lucknow Nagar Nigam has worked on evaluating an assortment of property taxes measured more straightforwardly. Additionally, these sorts of assessments are Property Tax, House Tax, Water Bill, Parking Tax, and so on.

It engaged the Lucknow Municipal Corporation to restrict the increment and diminish House Tax to a limited degree and empower self-appraisal of one’s Property Tax as it’s valid for all urban areas and landowners in Lucknow. They need to pay a yearly duty as their property possession obligation. Aside from paying this tax at the assigned office, residents of Lucknow can likewise pay LMC Property Tax Online. There are different facets of Lucknow Nagar Nigam property tax that are discussed in this article.

All individuals need to live their life advantageously. Along these lines, they need to pay burdens each year because the public authority will charge additional cash after the last due date.

Summary of Property TaxLMC details
Location/CityLucknow
Name of the StateUttar Pradesh
Name of Municipal CorporationLucknow Nagar Nigam
AbbreviationLucknow Municipal Corporation (LMC)
Total Area (in square km)631 square km
Authority websiteLmc.up.nic.in
LMC contact details[email protected]

Concept of property tax

Property tax is a tax paid on property claimed by an individual or other lawful substance, like a corporation. Property tax is generally a land promotion Valorem charge, which can be seen as a regressive tax. It is decided by a local government where the property is found and paid by the proprietor of the property. The tax is generally founded on the worth of the claimed property, including land. Notwithstanding, numerous wards additionally charge specific individual property, like vehicles and boats.

Lucknow Municipal Corporation (LMC) Property Tax Online

The Lucknow Nagar Nigam is the metropolitan and civic body responsible for the support and organization of the city of Lucknow. Aside from municipal obligations, duty and income assortment is additionally a significant capacity attempted by LMC. The LMC is the only authority for managing property tax in Lucknow.

Since 2005, the Lucknow Nagar Nigam has been handling property tax on the Lucknow Nagar Nigam Online Portal. Inhabitants of Lucknow don’t need to visit the city’s metropolitan office to pay their property tax on account of the presence of the LMC Property Tax Online portal. The official records demonstrate that there are around 5.6 lakh taxable properties in the capital of Uttar Pradesh. The LMC portal for paying tax has a convenient interface, where directing business is straightforward.

Property tax rate of Lucknow Nagar Nigam (LMC)

  • General tax: 15% of the year worth of the property.
  • Water tax: 12.5% of the year worth of the property.
  • Sewer tax: 3% of the year worth of the property.

Step by step instructions to check your home ID on the LMC site

Here are the step-by-step instructions to check home ID for clients who don’t have the idea about their home ID –

  • Sign into the authority LMC site
  • Click on the ‘Know your new house ID’ tab at the topmost point of the page
  • Enter explicit details on the page. The new house ID will automatically appear
  • A comparable page opens by tapping the ‘Know your house tax’ tab. Key in the data to know the amount of your home tax.

How to enroll on Lucknow Municipal Corporation gateway?

The client needs to enlist himself/herself and his/her home for successful online payment initially.

  1. Instructions to register your mobile number
  • Sign on the LMC website to register your mobile number
  • Click on the ‘Register Your Mobile’ tab from the below options
  • Enter your mobile number along with your new house ID to produce an OTP and continue
  1. Instructions to register your house
  • Log on to the LMC site and click on the ‘Register You House’ tab among the choices given on top to register your house.
  • Next, enter your mobile number and new house ID, etc., and click on submit.

How to make the payment for Lucknow Nagar Nigam property tax online?

  • Visit the website of Lucknow Nagar Nigam. People using this for the first time should create a user ID and password.
  • Post enlistment, log in with your user ID and password.
  • Go into the mentioned House ID, and afterward, you will be presented with the details of the enet payment of the property tax.
  • Select the bank which offers the different modes of payment. There are just four banks – ICICI Bank, HDFC Bank, Punjab National Bank, and State Bank of India.
  • Select the appropriate payment bank, and afterward, you can pay the property tax.

An effective way to know property tax rate in Lucknow

The authority site of Lucknow Nagar Nigam highlights an LMC Property Tax Calculator free of cost. The mini-computer empowers to survey the worth of the property and assists with deciding the measure of tax payable.

On the site, click on the alternative ‘Monthly rates AV calculation’. It will lead to a notice that references month-to-month rates for different wards in the city as per square ft area.

For private properties, proprietors/property managers need to choose the ‘Yearly Value Calculator.’ The following factors are considered for estimation of the property tax in Lucknow :

  • Area
  • Zone
  • Ward
  • Mohalla
  • Period of property
  • Kind of development
  • Position of land
  • Width of the street

The LMC could force a punishment because of the property’s space if the house tax obligation over self-evaluation is misreported.

Procedure to pay Lucknow Nagar Nigam property tax offline

The residents of Lucknow can pay property tax offline as well by visiting the Lucknow Municipal Corporation office at the Triloknath Road, Lalbagh, Lucknow.

Lucknow Municipal Corporation (LMC) Property Tax Rebates

Because of the long periods of inhabitancy, a citizen in Lucknow can appreciate specific Lmc Property Tax Rebates on his/her property tax obligations.

  • 20% rebate – 10 years occupancy of the property.
  • 5% rebate – 11-20 years occupancy of the property.
  • 40% rebate – More than 20 years occupancy of the property.

 Property Tax Exemptions of Lucknow Nagar Nigam

All worship/religious institutions run by a trust are not dependent upon Lucknow Nagar Nigam Property Tax.

Lucknow Municipal Corporation (LMC) Tax Calculator

Citizens can figure their tax charges on the web. Usually, the rate of interest on house tax fluctuates somewhere between 5% and 20%. A few states likewise don’t charge any extra late payment fees. One should get in touch with the Lucknow Municipal Corporation authorities to know the late payment’s property rate or interest rate.

The details of the contact for Lucknow Nagar Nigam have been given on the website. However, the property taxes aren’t merged across the entire country, and in this manner, it fluctuates across various areas, urban communities, and states. Accordingly, other taxes collecting bodies have differing approaches to decide the House Tax. Nonetheless, a general rule concerning the Lucknow property tax estimation depends on the simultaneous equation.

Lucknow Municipal Corporation Property Tax= built-up area * age factor * base value * type of building * category of use * floor factor

In this manner, the Lucknow Nagar Nigam Property Tax estimation factors are the base worth of the land; occupancy factors, regardless of whether self-owned or leased; property type, whether private or business; development type, whether multi-stunned or single floor and so on.

Because of these elements, one can figure the amount of property tax the person will pay; utilizing the Lucknow Municipal Corporation tax calculators available online at the Municipal companies’ authority portal.

 What is the Lucknow Tax Payment Last Date of 2021?

In a move that will probably benefit almost three lakh citizens, the Lucknow Municipal Corporation (LMC) has extended the Lucknow tax payment date from December 31, 2020, to January 31, 2021. Residents who take care of their house tax obligations during this period can likewise benefit from a 5% discount on their tax liability.

Note here that there are more than six lakh citizens in Lucknow, of which half had not paid their dues till December 2020. The overall dues on these properties are around Rs 400 crores.

The Lucknow-One application

In October 2020, the Lucknow One application was relaunched by the LMC. The Lucknow-One application assists residents with administrations benefits, including speedy payments for property tax and vehicle enlistment. Aside from offering help for any crisis, the application additionally assists one with finding close-by administration through the ‘Find What’s Near Me’ choice. One can register objections regarding streets, disinfection, road lighting, drinking water, and so on, utilizing the Lucknow-One application.

Latest Update

The LMC turned into the 10th such body in India after it recorded its Rs-200 crore city bonds issue on the Bombay Stock Exchange (BSE) on December 2, 2020. The cash raised through the bond issue is proposed to put resources into a water supply project being executed under the Atal Mission for Rejuvenation Urban Transformation (AMRUT), a lodging project, and other foundation plans. The bonds have a 10-year residency and offer an 8.5% premium per annum.

With its security issue on November 13, 2020, the LMC likewise turned into the first metropolitan body in quite a while to have raised civil securities and joined the alliance of city assemblages of Pune, Indore, Bhopal, Ahmedabad, and Hyderabad.

The LMC has collected Rs 174.08 crores as tax charge from April to December 2020, against Rs 172 crores in a similar time of 2019. The LMC had set the objective of Rs 410 crores as house tax charges for FY 2021-22.

 Conclusion

As against the primary focus of Rs 410 crores, the LMC has had the option to gather just Rs 292 crores as house tax for the year 2020-21. As a result of the coronavirus pandemic, a drop in the pay scale has created a limit on the city’s occupant’s income. Related to the relaxations offered by the urban body to inhabitants, taking into account the monetary circumstance, the LMC has amended its complete property tax collection to Rs 300 crores.

FAQS

1.What is the official website for Lucknow Municipal Corporation? What is the full name of Lucknow Municipal Corporation?

The official website for Lucknow Nagar Nigam is Lmc.up.nic.in. The full name of Lucknow Municipal Corporation in Lucknow Nagar Nigam.

2.How many people live in Lucknow city?

More than 36 lakhs people are living in Lucknow city.

3.Are there any late charges imposed for paying the tax after the due date?

Yes, late charges are imposed for paying the tax after the due date. To know the amount of extra payment, one needs to contact the Lucknow Municipal Corporation.

4.How to check the payment status of Lucknow Nagar Nigam property tax?

The Lucknow Nagar Nigam property tax / House tax payment status can be checked on the authority website. Enter the property details on the portal to check the Lucknow Municipal Corporation.

5.What is the process to download Lucknow Municipal Corporation property tax receipt?

The process to download the receipt of the Lucknow Municipal Corporation property tax payment is through the authority website once the house tax is paid.