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South Corporation attaches accounts of property tax defaulters

1 Comment Sub Category:Delhi-NCR,Municipality,Property Tax,Realty News Posted On: Sep 04, 2012

Civic authorities in Delhi have taken a strong stand against property tax defaulters. The South corporation has attached the bank accounts of 114 properties, which have been defaulters.

People and organisations with the highest amount of pending payments have been targeted by the authorities. Most of them had not paid taxes for years despite repeated warnings. According to reports, Omaxe Square of the developer Omaxe Limited owes the corporation Rs 95 lakh and it is being considered as one of the biggest defaulters.

An official said the total due of all attached properties is almost Rs 10 crore. Authorities have warned that if the taxes are not paid even this time, then the corporation will auction the properties.

The highest number of these properties lie in the Central Zone, followed by South and Nazafgarh zones.

To read more real estate news:

SC orders Sahara Group to refund money to depositors

 

One Response to “South Corporation attaches accounts of property tax defaulters”

  1. [...] South Corporation attaches accounts of property tax defaulters [...]

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