In Srinagar, a dismal 1.8 per cent of the electorate came out to vote, while Anantnag saw a 3.2 per cent turnout.
Polling started at 6 a.m. and ended at 4 p.m.
As in the previous two phases, there was no major incident of violence anywhere in the state.
In Anantnag, voting took place for the Mattan municipal committee, while in Baramulla district people voted for the Uri and Sopore municipal committees.
For the Srinagar municipal corporation, voting was held in four wards.
In the Valley's Pulwama and Bandipora districts, some candidates were elected unopposed while in the other wards, no candidate had filed papers for the third phase.
A total of 365 candidates are in the fray for 96 wards of eight urban local bodies comprising 193,990 eligible voters.
Additional staff was deployed at polling stations with a large number of voters, poll officials said.
Shaleen Kabra, the state's Chief Electoral Officer, said the overall poll percentage in the first two phases of the municipal polls that took place on October 8 and 10, was 47.2 per cent.
The municipal elections that are taking place after 13 years in the state are being held in four phases, covering 79 municipal bodies with an electorate of about 17 lakh voters.
A total of 3,372 nominations have been filed for 1,145 wards. Voting for the fourth and final phase of the election will be held on October 16. Counting of votes is scheduled for October 20.
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