Haryana approves new formula for property tax based on collector rates
By Naveen Kumar, Director at Triverse Homes
The Haryana Cabinet has approved a simpler, formula-based way of calculating property tax in all urban local bodies, replacing the 2013 notifications. Tax will now be worked out from plot or carpet area, the applicable collector rate and a floor factor, with a further factor based on how the property is used.
Cities fall into four categories, A1 and A2 for municipal corporations and B and C for councils and committees, each with floor and ceiling rates. Owners who have already paid current dues will see no impact through FY 2026-27, and older arrears are unaffected. Owners could pay under the old system for one month after notification, and increases are to be phased in gradually.
For Gurugram owners, this links property tax more closely to collector rates, so it is worth rechecking your bill.
Source: The Tribune ↗
Naveen Kumar
Naveen Kumar is a Director at Triverse Homes with more than 16 years in real estate. He has an in-depth understanding of the market, from how projects are priced and launched to what drives their value on resale.
He is especially strong on HUDA (now HSVP) regulations and RERA: licences, approvals, allotment and transfer rules, and the rights buyers have when timelines slip. In his updates he explains what each change in the market or the law means in practice for anyone buying, selling or investing in Gurgaon.
