![]() Added to this, the assessor also estimates the expected gross annual rent on the property, and it is added to the annual value for property tax in Chennai. As per the CCMC Act, all properties in Chennai are assessed together with the plot and the nearby premises they occupy. Shops, offices, malls, and theatres are categorized as non-residential properties, while the rest are all clubbed under the residential category. The Chennai Municipal Corporation has 15 zonal divisions and for tax purposes, the properties here are earmarked into two categories, namely residential and non-residential. Property tax is a mandatory financial obligation for all property owners, failing which you will have to pay a 2% penalty on the assessed value. For instance, with a house or plot in Chennai, you are eligible to pay property tax Chennai determined by the local civic and municipal authorities. However, the property tax amount, rates, and other taxation details depend on the state you own the property in. As the owner of a property in India, you need to pay property tax online once a year. ![]()
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