Oct 12, 2023NCR Real Estate

Stamp Duty in Faridabad: A Complete Guide for Property Registration Charges

by Godrej Properties Limited



Faridabad, the thriving town at the heart of Haryana, boasts renowned educational institutions, colleges, a flourishing cotton industry, and henna manufacturing, making it a sought-after destination. With excellent connectivity to cities like Noida and Delhi and well-developed infrastructure, Faridabad has become an ideal location for property buyers. However, before venturing into property ownership, understanding the intricacies of property tax in Faridabad is vital for effective financial planning.

Property Tax in Faridabad 

Property tax in Faridabad is an obligatory levy imposed by the municipal corporation or local Government on property owners. This tax is pivotal in funding essential services provided by the Government. The tax rate may vary depending on property location, type, and assessed value. For example, Ballabhgarh property rates differ from Surajkund, hence the total tax amount.  

Understanding Property Tax Calculation in Faridabad 

Built-up Area

The total floor area, encompassing enclosed spaces, is considered to assess the size of the property, directly impacting the property tax amount.

Age Factor of the Property

Factoring in the age of the property helps adjust the tax amount, with newer properties potentially incurring a higher tax bill due to a higher age factor.

Base Value

Characteristics like size, age, condition, and property modifications contribute to the base value used in tax calculation.

Building Type

Different property types, such as residential or commercial, may be subject to different tax rates.

Category of Use

The purpose for which the property gets utilized can influence the tax rate.

Floor Factor

In the case of multi-story buildings, the number of floors directly impacts the tax rate, with each additional floor contributing to a higher tax bill.

Due Date and Payment Schedule

Property tax in Faridabad is collected in two installments during the year, with respective deadlines set for April 30th and October 30th. Taxpayers need to make their property tax payments online by July 31st. Late payments incur a 1.5% monthly interest charge on the total tax amount. Additionally, taxpayers who pay their property tax in full before the due date of July 31st can receive a 5% refund from MCF as a reward.

Concluding Remarks

Simplifying Property Ownership in Faridabad Equipped with comprehensive knowledge about property tax in Faridabad and Ballabgarh property rates, property owners can ensure accurate and timely fulfillment of their tax obligations. Staying abreast of the latest guidelines from the local property tax office guarantees a smooth and hassle-free property ownership experience in the vibrant city of Faridabad.

Frequently asked questions

Q: How to pay Faridabad property tax online? 

A: Go to the official Faridabad Property Tax portal or MCF's official website to pay online. Enter details such as the property ID to get an accurate fee amount. To obtain your property ID, check your previous year's tax payment receipts or visit MCF's official website.

Q: Is it a good time to buy property in Faridabad?

A: Yes, this presents an opportune time to invest in real estate in Faridabad. Property prices here are typically lower than in Delhi, ranging between Rs. 3,500-5,000 per sq ft, while Delhi's prices range between Rs. 10,000 and Rs. 15,000 per square foot.

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