Diamonds and textiles have long been Surat’s two main exports. Even though these sectors of the economy still dominate, the city has evolved into a contemporary metropolis. Surat has booming small, medium, and large-scale enterprises, contributing to the city’s high level of life and higher average household income than most metro areas.
There are several reasons why Surat has been selling properties like hotcakes. Contrary to Vadodara and Ahmedabad, Surat has suddenly emerged as Gujarat’s next major economic hub, providing the city’s real estate sector with a much-needed boost. The city’s consistent growth rates over the past few years are the main cause of this heady expansion and sustained inflow of real estate investments.
If you’re one of the many who plan to buy a house in the golden city of Surat, you must understand it the property tax you will have to pay if you purchase property in Surat.
Every landowner is obligated to pay property taxes. Surat Municipal Corporation, often known as SMC Property Tax, is responsible for collecting the city’s property tax. All real estate, including residential residences, commercial buildings, rental properties, and undeveloped land, is subject to taxation.
Most of the Municipal Corporation of Surat’s income comes from property taxes. The funds raised are used to improve the well-being of the citizens. The numerous ways to submit your SMC property tax internet are covered in this blog. The calculation of the property tax is also explained.
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Property Tax Calculation Methods
Before you go for SMC property tax bill downloads or check out SMC online property tax payment systems, you should calculate the amount payable beforehand. This should be done before you check out the Vera bill SMC and SMC property tax payment online procedures. The formula that should be used is the following-
Property Tax = R x M x A.
R is equivalent to Annual Rate of Property Taxes while M is equivalent to the product of numerous sub factors, i.e. {(Factor 1) X (Factor 2) X (Factor 3) X (Factor 4)}and A is equivalent for the area of the property in square meters. Before paying the SMC property tax bill, you should check the annual rate. The rate for the SMC online Vera bill is the following- Rs. 10 per square meter per annum for residential properties and Rs. 25 per square meter per annum for other types of properties. The area of the property under property tax SMC assessment will depend upon factors like the property’s carpet area. While carpet area is being calculated, the entire area, excepting the area of the external and internal wall, will be taken into account.
Key Factors Affecting Property Taxes
The Surat municipal corporation is responsible for collecting property taxes in the city. Every city has a property tax, but each city has a different tax rate. The determining elements that affect how much property taxes vary are as follows.
Property Location:
The location of your property is important when determining how much property tax you will pay. You may be required to pay a greater property tax if you reside in a fancy area. Tax rates are significantly lower in neighbourhoods with lower housing costs.
| Market Location | Factor Value |
| A | 1.50 |
| B | 1.30 |
| C | 1.10 |
| D | 0.90 |
| E | 0.70 |
| F | 0.50 |
Property’s Age:
A newly built or recently renovated property may need you to pay more taxes. If the building is older, the tax burden is significantly lower. Surat’s property taxes are based on how long it took to build a property, measured in years.
| Sr. # | Age of Property | Factor Value |
| 1 | 0 TO 10 | 1.00 |
| 2 | 11 TO 20 | 0.90 |
| 3 | 21 TO 30 | 0.80 |
| 4 | 31 TO 40 | 0.70 |
| 5 | 41 TO 50 | 0.50 |
| 6 | 51 TO 60 | 0.40 |
| 7 | Above 61 | 0.30 |
Property Type:
Different forms of property, including residential residences, commercial buildings, industrial plots, or undeveloped land, are taxed differently.
| (A) | Residential Property | Factor Value |
| 1 | Individual Bungalow | 1.00 |
| 2 | Duplex Bungalow | 0.85 |
| 3 | Row House | 0.70 |
| 4 | Apartment/Flat | 0.60 |
| 5 | Gala Type R.C.C. | 0.40 |
| 6 | Gala Type Non R.C.C. | 0.30 |
| 7 | Slam-RCC & Non RCC-Not more than 25 square meters | 0.10 |
| 8 | Open Plot | 0.10 |
| 9 | Parking | 0.00 |
| (B) | Other Commercial Properties | Factor Value |
| 1 | Commercial A | 6.00 |
| 2 | Commercial B | 4.25 |
| 3 | Government | 3.00 |
| 4 | Industrial A | 2.00 |
| 5 | Industrial B | 1.50 |
| 6 | Recreation | 2.00 |
| 7 | Educational & Health | 0.50 |
| 8 | Open Plot | 0.50 |
| 9 | Educational & Health-Grant in Aid Institution | 0.10 |
| 10 | Agriculture | 0.001 |
| 11 | Religious | 0.000 |
Usage Person or Entity:
The taxes assessed on a property may vary depending on who or what is using it.
| Occupier | Factory Value |
| Owner | 1.00 |
| Residence/Tenant | 1.00 |
| Non Residence- Owner | 1.00 |
| Non Residence- Tenant | 1.75 |
| Bank- Tenant | 7.00 |
| Mall-Tenant | 2.50 |
| Microwave Tower-Tenant | 15.00 |
Area of the Property:
Depending on the area of the property in Surat, there are various tax rates for residential and other properties.
|
Area |
Residence |
Non Residence |
||
| Water + Drainage | Solid waste | Water + Drainage | Solid waste * | |
| 00 TO 15 | 348 | 600 | 600 | 600 |
| 16 TO 25 | 600 | 600 | 1080 | 600 |
| 26 TO 50 | 960 | 600 | 1440 | 600 |
| 51 TO 100 | 1440 | 600 | 2400 | 750 |
| 100 TO 200 | 2100 | 600 | 3600 | 750 |
| 201 TO 500 | 3750 | 600 | 6000 | 750 |
| Above 501 | 7500 | 600 | 11250 | 750 |
* Solid Waste will be Rs. 1500/- annually for Industrial-A grade properties.
Total Education Cess-
| General Tax | % of the General Tax | |
| Residential Property | Non-Residential Property | |
| 200 TO 500 | 5% | 10% |
| 501 TO 3000 | 10% | 20% |
| Above 3001 | 15% | 30% |
Street Light Charge-
| Annual Rate – Per Tenement | |
| Residence | Rs. 24/- |
| Non Residence | Rs. 48/- |
Minimum Calculation of Taxes-
| Sr. | Residential Property | Non-Residential Property | ||||
| Area (Sq. Mtr) | Minimum Tax | Area (Sq. Mtr) | Minimum Tax | |||
| Water Zone | Non-water Zone | Water Zone | Non-water Zone | |||
| 1 | < 25 | 80 | 50 | < 15 | 600 | 500 |
| 2 | 25 TO 50 | 170 | 100 | 15 TO 30 | 700 | 600 |
| 3 | Above 51 | 250 | 150 | Above 31 | 800 | 700 |
An added rebate of 10% is available for senior citizens.
How to Pay SMC Property Tax Online?
You can quickly pay your SMC property tax online with only a few taps on the SMC website. All you need to do is adhere to the instructions below.
Step 1: Go to the official Surat Municipal Corporation website to pay your SMC property tax online.
Step 2: From the menu at the top of the page, choose “Online Services.”
Step 3: To continue, choose “Pay Property Tax” from the drop-down menu that will appear.
Step 4: A new website will open and prompt you to provide your 14-digit tenement number and respond to a captcha question.
Step 5: To continue, click “Get Pending Tax Amount.”
Step 6: Pay your SMC property taxes online using a credit/debit card or net banking account.
Step 7: After successfully completing the online payment for the SMC property tax, keep the receipt for later use.
Once you enter your tenement number, you can examine your outstanding property tax obligations on the SMC portal. The 14-digit tenement number serves as your home’s identification. It is noted on your receipt for offline property tax payment. Between 11:30 pm, and 12:00 am every day, the online payment service of SMC property tax stands unavailable. It is shut down for maintenance at these times. As a result, you must appropriately pay your taxes.
How to Check Surat Property Tax Dues?
Follow the instructions below to verify your outstanding SMC property tax online payment dues.
Step 1: Go to the official Surat Municipal Corporation website to see when your SMC property tax is due and make an online payment.
Step 2: From the top menu, choose “Online Services.”
Step 3: To continue, choose “Property Tax” from a drop-down option that will display.
Step 4: A new page will open, allowing you to choose “Check and Pay Property Tax” from the sidebar.
Step 5: Enter the captcha and your tenement number.
Step 6: Choose the “Get Pending Tax Amount” option to view your outstanding property tax balance.
The payment gateway is now open for you if you want to continue paying your taxes online. For future reference, remember to download and keep your payment receipt.
Download Surat Property Tax Bill
If you wish to retrieve your SMC property tax online payment bill, you can follow the instructions below.
Step 1: Click here to see the Surat Municipal Corporation’s official website and obtain the SMC property tax online payment form.
Step 2: From the top menu, select “Online Services.”
Step 3: To continue, choose “Property Tax” from the drop-down selection that will display.
Step 4: You will be taken to a new page where you may select the “View Bill” option from the sidebar after being led there.
Step 5: Enter your Tenancy Number, choose the Bill Year and type the captcha code that appears.
Step 6: Choose the “Print Bill” option
Step 7: Save your SMC property tax bill after downloading it.
Frequently Asked Questions (FAQ’s)
What Factors affect property tax in Surat?
Location, duration of year-by-year construction, kind (for residential properties), use (for non-residential properties), and usage of person/entity are all factors that determine property tax in Surat.
Mode of payment for property tax in Surat?
You can either pay your property tax in Surat online or offline. The SMC enables you with both gateways to pay your property tax.
What are the charges included in my SMC property tax?
Residential properties are subject to an annual tax rate of Rs. 10 per square meter. Taxes are assessed on other properties at a rate of Rs 25 per square meter yearly.
How do I change my Vera bill name?
You have to change the name by submitting copies of the receipt of last tax paid, attested copy of sale transaction deed, NOC (no objection certificate) from the associated housing society and also the filled application form with the signatures.
