So that we know what to call you.
We'll send your policy copy & important updates to this number.
So that we know what to call you.
We'll send your policy copy & important updates to this number.
Kanpur Municipal Corporation, also known as Kanpur Nagar Nigam (KNM) is the municipal corporation responsible for collecting and managing property tax in Kanpur. The authority levies this tax on all real estate in the jurisdiction, on an annual basis. Some of the factors considered to calculate property tax are the property type, its usage, and built-up area. In this article, you can read more about how to pay, check, and calculate Kanpur property tax.
Let us start with the basics first. As the name suggests, property tax is collected from holders of different kinds of property in a jurisdiction, including commercial, residential, and more. This collection is a major component of the income that municipal bodies generate.
The following are the services that property tax collection funds:
The KNM collects property tax in Kanpur from the holders of the following types of properties:
*Note: Properties that are under construction or unoccupied also attract property tax.
The Kanpur Municipal Corporation uses the calculation method of the Annual Rental Value System (ARV). Instead of the market value, the calculation is based on the approximate rental value your property can yield. Property type, built-up area, and several other factors determine the final tax valuation.
The table below contains detailed information about the several components this method entails:
Factor | Impact |
Type of Occupation | Self-occupied properties have a lower interest rate compared to those with tenants. |
Age Determinant | Depreciation results in older properties attracting a lower property tax. |
Area | The overall area covered is a major component. |
Value of the Unit Area | Posh localities attract a higher per sq. metre value compared to economically weaker zones. |
Type of Structure | Kutcha construction vs. RCC (pucca) buildings |
Paying property tax in Kanpur for the first time, and don't have a guide? Don't worry, we have you covered! Here are the easy steps to pay your property tax:
Look for your property details with one of the following options:
Pay your property tax by choosing one of the following payment modes:
You must save the receipt for your property tax payment. This receipt will be required for:
31 March is usually the deadline to pay property tax in Kanpur. Nonetheless, do not forget to check the house tax portal for updates regarding any changes to the deadline. Civic bodies also offer discounts on prepayments.
An interest rate of 12 per cent per year from the final day of payment will be charged on the overall outstanding amount. The fine for delaying your property tax payment is between Rs 100 and Rs 25,000 in Kanpur. Longer delays are also subject to legal consequences and higher penalties. For more related information, please visit the official website of Kanpur Municipal Corporation.
Consistently paying your house tax remittance results in a better chance of getting a home insurance policy:
Reason | Explanation |
Increased Financial Credibility | Loan providers generally prefer those who pay their property taxes on time. |
Property Insurance | House tax payments also increase the chances of getting a home loan, along with insurance coverage. |
Insurance Claim Rejection | Claims for home loans are often rejected for accounts with delayed property tax payments. |
Legal Proof of Ownership | The receipts of property tax payments also work as proof of ownership. |
Any issues related to property tax can be reported to the following:
E-Mail ID: taxconcernknn@gmail.com
Address: Nagar Nigam Mukhyalay, Moti Jheel, Harsh Nagar, Kanpur, Uttar Pradesh 208002
Ans: The detailed list of house tax per the ARV in Kanpur is given below: