Lucknow Nagar Nigam (LNN) is the municipal body responsible for looking after key services in the city, such as sanitation, water supply, and collecting property taxes. Based in the capital of Uttar Pradesh, it helps residents fulfil their property-related duties without difficulty. LNN also focuses on maintaining the city’s infrastructure and makes it easy for property owners to access their tax receipts online. In this article, we will discuss everything you need to know about house tax in Lucknow, including current rates, how the tax is calculated, and the simple steps to pay house tax online.
House tax in Lucknow
Property taxes are a crucial source of revenue for local municipal bodies, and they play a significant role in the development and maintenance of a city's infrastructure. Lucknow, the capital city of Uttar Pradesh, is no exception to this rule. The Lucknow Property Tax system is pivotal for the financial sustenance of the Lucknow Municipal Corporation. The property tax is levied on both residential and commercial properties within the municipal limits.
Planning to purchase a property in Lucknow? Secure your dream home with a Bajaj Housing Finance Home Loan offering interest rates starting at just 7.45%* p.a. Check your eligibility now. You may already qualify, find out by entering your mobile number and OTP.
Lucknow property tax calculation
In Lucknow, property tax is calculated based on the property's Annual Rental Value (ARV), determined by the Lucknow Municipal Corporation. The ARV is calculated by considering factors such as the property's type (residential or commercial), location, size, and its additional amenities, if any. The formula used is:
House Tax = Annual Rental Value (ARV) × Tax Rate
The Annual Rental Value (ARV) is the estimated yearly rent the property could earn. As of 2024, the tax rates are:
- General Tax: 15% of the ARV
- Water Tax: 12.5% of the ARV
- Sewer Tax: 3% of the ARV
These rates apply for both homes and business properties.
To find your property tax, simply multiply the ARV with the relevant tax rates. For instance, if your ARV is Rs.1,00,000, the general tax would be Rs.15,000 (15% of Rs.1,00,000), the water tax would be Rs.12,500 (12.5% of Rs.1,00,000), and the sewer tax would be Rs.3,000 (3% of Rs.1,00,000). Adding these up gives the full tax amount payable.
Keep in mind, the ARV depends on property factors like size, area, use, and age. To get the right figures, always check the Lucknow Nagar Nigam’s official rules.
Are you considering purchasing property in Lucknow? With Bajaj Finserv, you can get home loan approval within 48 hours* and flexible tenure up to 32 years. Check your loan offers today. You may already be eligible, find out by entering your mobile number and OTP.
What is the Lucknow Nagar Nigam property tax rate?
Here are the current property tax rates for Lucknow:
i) A general tax of 15% is charged based on the property's yearly value.
ii) A water tax of 12.5% is applied on the property's annual value.
iii) A sewer tax of 3% is levied on the property's annual value.
Calculate Lucknow property tax for residential buildings
To calculate property tax for residential buildings in Lucknow, you can follow these general steps:
- Determine the total built-up area of your residential property
- Refer to the unit area value set by the municipal corporation for your specific locality
- Calculate the annual rental value by multiplying the built-up area with the unit area value
- Apply the applicable property tax rate based on the type of property and the ARV determined in the previous step
- The result will be your property tax liability
Looking to invest in property in Lucknow? Bajaj Finserv offers 7.45%* p.a. Check your loan offers now. You may already be eligible, find out by entering your mobile number and OTP.