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Property owners shocked over tax notices!

1 Comment Sub Category:Municipality,Realty News Posted On: Jan 13, 2012

Greater Hyderabad Municipal Corporation (GHMC) has given a rude surprise to L B Nagar property owners.

As per sources, GHMC had sent revised tax notices to the shop owners for the last two months.

But the notices had numbers which was unbelievable to the owners.

The new tax rules says that rates have been levied based on shops based in well developed localities in Hyderabad like Banjara Hills and Jubilee Hills.

Shop owners allege these rates are falsely applied and no scientific methods have been used by the civic body.

In L B Nagar circle shops in ordinary buildings are charged at Rs 9.50 per square feet and Rs 10.40 for shops in good buildings.

Source: The Times of India

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