MCF property tax

Over the last few decades, rapid economic growth combined with government efforts to digitize the country’s infrastructure has paved the way for more efficient public service campaigns, like municipal property taxes.

A landowner pays MCF property tax to the local government or the municipal corporation of an area. This includes all tangible real estate property like residential complex, commercial or industrial property, and properties rented to others.

Central government buildings in an area, smaller buildings, and vacant properties are usually exempt from property taxes, which include electricity, water, and drainage tax.

Timely payment of property tax is essential for staying compliant, but why not take it a step further? Unlock your property's financial potential with a loan against property. This secured loan provides access to substantial funds without giving up ownership, making it ideal for business growth, education, or achieving personal goals. By leveraging your property's value, you can benefit from flexible repayment options and attractive interest rates, turning your asset into a powerful financial resource. Get loan of up to Rs. 10.50 crore against your property within 72 hours* of the approval.

What is MCF property tax?

MCF house tax is the amount that property owners have to pay to their local governing authority that helps to maintain the civic activities of the city. The Municipal Corporation of Faridabad collects property tax in all urban regions of the city, either annually or semi-annually.

For the collection of property tax in Faridabad, the city is divided into 3 zones, i.e.,

• New Industrial Town (NIT) Zone I, II, III
• Old Faridabad Zone I, II
• MCF Ballabgarh (BLB) Zone I, II

The Municipal Corporation of Faridabad assesses and imposes property taxes based on several factors, such as the area, construction, size of the property, building, etc. The collected amount is used primarily for public services, like repairing roadways, constructing institutions like schools and universities, and improving sanitation in the city. As of September 2020, the city has approximately 2.62 lakh property taxpayers.

The entire revenue village has been further divided into 35 wards governed by the Municipal Corporation. Homeowners who want to pay property taxes online can visit the official website of MCF Faridabad.

Required documents for paying property tax in Faridabad

To pay property tax in Faridabad, property owners need to provide specific documents to ensure a smooth and hassle-free process. Below is a comprehensive list of the required documents:

1. Property tax assessment form
   This is the official form provided by the Municipal Corporation of Faridabad for property tax assessment. It contains details about the property, such as its address, type, size, and purpose (residential or commercial).
2. Sale deed or title deed
   The document serves as proof of ownership. It is particularly necessary for newly purchased or transferred properties.
3. Previous property tax receipt
   A copy of the latest property tax payment receipt is essential to verify past payments and check for outstanding dues.
4. Unique Property Identification Number (UPIN)
   Faridabad Municipal Corporation assigns a unique identification number to every property, which helps in tracking tax-related records.
5. Building plan approval
   For newly constructed or modified properties, a copy of the approved building plan issued by the municipal authorities is required.
6. Occupancy certificate
   An occupancy certificate is mandatory for newly constructed properties to confirm they are fit for use.
7. Address proof
   A valid government-issued address proof of the property owner, such as an Aadhaar card, Voter ID, or Passport, to verify ownership details.

These documents are necessary for both online and offline property tax payments and help in ensuring quick and accurate processing.

Financial tip: Unlock the value of our property

Maintaining accurate property tax payments also opens up financial opportunities. For instance, Bajaj Finance offers loan against property to help you leverage your property’s value while retaining ownership. This loan can provide substantial funds for various needs, such as business growth, higher education, medical emergencies, or consolidating debt. Get access to large funds with the flexibility to part-prepay your Flexi Loan at no extra cost.

Eligibility criteria for MCF property tax

The eligibility criteria for paying property tax are based on property ownership and usage. Below are the key requirements:

1. Ownership of property: Any individual or entity owning a property within the Chennai city limits is eligible to pay property tax. This includes residential, commercial, and industrial properties.

2. Registered property: Only properties that are legally registered with the Chennai Corporation can be taxed. Owners must provide proof of ownership, such as the Sale Deed or Title Deed.

3. Occupied or vacant property: Both occupied and vacant properties are subject to property tax. The tax rate may differ based on whether the property is being used or is unoccupied.

4. Type of property: The property tax is levied based on the type of property (residential, commercial, industrial) and its usage. Different rates apply depending on the category.

5. Building and land: Property tax is calculated on both the built-up area and the land area of the property, with separate rates for each.

Eligibility criteria make sure you can pay your MCF property tax in a way that works best for you. While the payment process may take more time, it is always good to maintain a record of your payments. These records can be vital if you choose to monetise your property through a loan against property in the future. By pledging the value of your own property, you can access large funds—all with flexible repayment options and competitive interest rates. Get a loan of up to Rs. 10.50 crore with the option of interest-only EMIs during the initial tenure.

Property tax rates in Faridabad

Property owners in the city pay taxes according to the type, size, and property utilization in all urban areas of Faridabad. Comparing various tax brackets, small and medium-sized residential properties attract the lowest tax rates, while the larger and commercial spaces attract higher taxes.

As of writing, MCF Faridabad house tax rates stand as follows:

MCF Property Tax Rates 2024-25 (Residential Properties)

MCF Property Tax Rates 2024-25 (Commercial Properties)

MCF Property Tax Rates 2024-25 (Institutions)

MCF Property Tax Rates 2024-25 (Vacant residential land)

MCF Property Tax Rates 2024-25 (Vacant residential land)

How to pay MCF house tax online

Several apartment communities in the city organize property tax collection in their apartment community, where an official team from MCF collects property taxes. Residents have to submit a duly filled self-declaration form along with their Property ID Number and Total Covered area of their property.

To streamline this process of paying taxes, the payment of MCF Faridabad property taxes has gone paperless as flat owners can now submit the same online at their own convenience. The new system is expected to bring in more revenue for the civic body, among other benefits like instant generation of tax receipts and verification of tax payment status.

For MCF Faridabad house tax online payment, follow these simple steps:

• Visit and log in to your official account at the MCF Faridabad tax payment website
• Keep the Property ID ready while paying tax online
• Next, select the MCs and zones from the drop-down menu
• Fill in the property ID, owner name, and property address in the appropriate fields. Else, you can use the Search Property feature to locate the home details
• Following this, you will be shown the payable amount. Click on the Pay Now button after checking the box next to the option that says, “I accept all terms and conditions”
• You will be directed to the secure payment gateway. Here, select your preferred payment option, i.e., credit card, debit card, or net banking, and complete the payment accordingly
• Print the acknowledgment slip containing transaction ID and property details for future references