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Kochi Corporation to impose penalty on illegal buildings

Comments Off Sub Category:Kochi,Municipality,Property Tax Posted On: Aug 10, 2012

In a bid to increase revenue as well as to address the issue of illegal building, the Kochi Corporation is planning to allot building numbers to all unauthorized buildings and then impose penalty three times the normal tax on the owners.

Both residential and commercial buildings constructed without prior approval from the civic body would be allotted numbers. The objective is to bring in more buildings under the tax ambit to generate more revenue.

To materialize the plan, state government will have to issue guidelines on the amount of fine that could be charged depending on the area of unauthorized constructions.

To read more real estate news:

159 property tax defaulters held in Kochi

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