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Chandigarh: property tax exemption for widows, disabled, and defence personnel

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Chandigarh: Property Tax Exemption For Widows, Disabled, And Defence Personnel

Property tax from both commercial as well as residential properties is one of the major sources of revenue for Chandigarh Municipal Corporation. Last financial year, the civic body has collected around Rs.50 crore from property tax and expected Rs.52 crore for the current financial year.

The Union Territory administration has recently issued a notification and exempted widows, disabled, and defence personnel from paying property tax to the Chandigarh Municipal Corporation.

Last year in August, the civic body had passed a plan for 100% residential property tax exemption to defence personnel. This year, the Chandigarh Municipal Corporation also exempted defence personnel owing plots measuring less than 300 sq yards but more than 300 sq yards will have to pay only 50%.

The notification was issued on June 26 asserted that no tax shall be leviable on residential lands and buildings up to 300 sq yards owned and self-occupied (no portion is let out) by the widows and disabled persons.

The notification further asserted that no tax shall be leviable on residential lands and buildings up to 300 sq yards owned and self-occupied (no portion is let out) by persons who have served, or are serving, in any rank whether as a soldier or non-soldier in the naval, army or air force of the Union of India, for 300 sq yards, free and wholly exempted. For more than 300 sq yards, only 50% shall be charged.

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List of approved projects and agents: Punjab RERA

The Punjab government had notified the Real Estate (Regulation and Development) Act (RERA) rules in 8th June 2017. The State government had appointed Navreet Singh Kang as the chairman of the regulatory authority for 5 years or until he attains the age of retirement, whichever is earlier.

The Punjab Real Estate Regulatory Authority has approved a total of 672 real estate projects across the state till now. As per the Punjab RERA website, a total of 1545 agents have registered under Punjab RERA and got RERA Certificate.

As of now, 145 projects project registration application are still pending for approval.

List of approved agents for Punjab RERA: Click here to view
List of approved projects for Punjab RERA: Click here to view

Irrespective of these proved projects/agents, RERA has also registered 318 complaints about several real estate projects as well.

Residential Projects in Chandigarh

Residential Projects in Amritsar

Residential Projects in Jalandhar

Residential Projects in Ludhiana

Residential Projects in Patiala

Residential Projects in Mohali

Punjab RERA Updates:

Punjab Rera goes undercover, finds builders in Zirakpur, New Chandigarh and Kharar selling properties without registration.

RERA-registered realty agents less than 5% in Punjab – Only 1545 real estate brokers have registered themselves with the authority.

Disclaimer: the data provided here is based on industry and news reports. CommonFloor will not be held legally responsible for any action taken based on the information provided.

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