Chennai Corporation makes property tax payment easier
The Chennai Corporation added more banks to its current list of six banks authorised to collect property tax.
Currently the six banks receiving property tax are – Indian Overseas Bank, City Union Bank, Karur Vysya Bank, Canara Bank, ICICI Bank and Axis Bank. Now HDFC Bank and the IDBI Bank are added to the list.
It has been termed as a welcome move for the citizens as now paying property tax will be less hazardous. HDFC Bank has 78 branches within corporation limits and the IDBI Bank has 20 branches.
The aim is to make paying property tax easier for the public as property owners need not have an account in any of these banks for paying the tax.
To read more real estate news:
Accounting standards for real estate sector to change: Revenue Department
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