Property tax in Chennai can be submitted in Bank
The Chennai Corporation has tied up with Indian Overseas Bank, Canara Bank, ICICI Bank, IDBI Bank, HDFC bank, City Union Bank, Karur Vysya Bank and Axis Bank for collecting the property taxes in Chennai and other areas of the city.
According to an authority of the Chennai Municipality, the property owners can use the net banking facility and the ATMs to pay the property tax for the properties in Chennai.
Residents required providing the property tax number at the time of payment of the property tax.
This move is aimed at providing more avenues for tax payment, which will reduce queues at zonal offices during the last few days, and in the long run this will improve their tax collection.
Though the municipality has introduced better ways to submit property tax, the corporation has not been able to sort out issues like penalizing defaulters.
They are still struggling to create a system for residents to retrieve their property tax numbers and a good server, without which even the above initiative is not likely to yield rich dividends.
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Source: Times of India
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