The Great Bell, popularly called Big Ben, weighs 13.7 tonnes and strikes every hour to the note of E.
Four smaller bells also chime every 15 minutes.
The last bong before the refurbishment will be at 12pm (1100 GMT) on August 21.
The clock will still tell the time silently until 2021 and the chimes will continue to be rung on important occasions such as New Year's Eve.
'Significant milestone'
It will be the longest period that Big Ben, whose bongs are familiar to many people around the world because of their use in BBC radio and television broadcasts, has been silent in its 157-year history.
"Big Ben falling silent is a significant milestone in this crucial conservation project," Steve Jaggs, whose official title is ‘Keeper of the Great Clock’, said in a parliament statement on Monday.
"This essential programme of works will safeguard the clock on a long term basis, as well as protecting and preserving its home – the Elizabeth Tower," he said.
The Elizabeth Tower, which is 96 metres (315 feet) high, is the most photographed building in Britain.
The tower itself is commonly referred to as Big Ben even though the name applies only to the bell.
Cost of repairs
The clock's cogs and hands as well as the four dials will be removed, cleaned up and repaired as part of the work.
The project's cost was estimated last year at £29 million (AUD $48 million).
Because the clock mechanism will be temporarily out of action, a modern electric motor will drive the clock hands until the clock is reinstated.
Parliament also said that the clock's faces would have to be covered up while they are being repaired.
"However, to ensure that the public are still able to set their watches by this most important of time pieces, one working clock face will remain visible at all times throughout the works," it said.
