Properties
With the completion of the survey for levying property tax on the basis of Geographic Information System (GIS), the Greater Visakhapatnam Municipal Corporation is all set to issue special notices. The relocation to GIS is one of the developments under the Jawaharlal National Urban Renewal Mission (JNNURM) on property tax. However, there has been a [...] Continue Reading »
The nerve center of Chennai, Anna Salai has the maximum number of high-value property tax evaders. Most of the properties in the city corporation fall into the tax defaulters list. About 50 properties of Anna Salai fall under the top 50 tax arrears list and the tax arrears of each of these properties range between [...] Continue Reading »
Since the property registration process went online in July, people visiting the sub-registrar office at Chembur (East) are facing delays to get their documents registered. An average of 50 registrations used to take place at the office before the process went online. Lately, the number of registrations that take place is 30 or it is [...] Continue Reading »
The Nagpur Municipal Corporation (NMC) general body has passed the proposal to implement the new property tax system based on the capital value of properties. The assessment value has been fixed at 0.1 per cent of the capital value. The final report will be submitted to the general body after forming an all party committee [...] Continue Reading »
The four-day property show named “Living Spaces 2012” organised by The Hindu Property Plus has witnessed inquisitive homemakers huddling around tables, discussing interior designing with builders. This event was held at the Chennai Trade Centre in Nandambakkam and will continue until October 4. The fair was inaugurated by A Krishnakumar, managing director and group executive [...] Continue Reading »
The online property registrations were severely affected due to a server crash at the sub-registrar’s office in Chembur, Mumbai. The areas include Kurla, Powai, Sion, eastern and central suburbs. Officials said that the server was suffering from technical issues from the past week and that there were efforts being put to restore it. The daily [...] Continue Reading »
The Indore Municipal Corporation (IMC)‘s crusade against tax defaulters continues. On Monday IMC attached seven properties including houses, flats, schools and commercial units and issued attachment notices to three for non-payment of property tax. The properties attached have tax dues between Rs 70,000 and Rs 3 lakh. The civic administration says that more properties will [...] Continue Reading »
Analysts are of the opinion that housing prices are not likely to fall anytime soon. They blame the domestic as well as foreign investors, including NRIs, for this. High property prices are not even helping developers as they are in debt. The cash generated by selling properties turns out to be much less than what [...] Continue Reading »
The traders of Connaught Place in New Delhi have stated that they are facing up to 70 per cent losses in business due to municipality work going on in the area. The traders have asked the New Delhi Municipal Corporation (NDMC) to increase their property tax rebate by 30 per cent. Currently, the traders in [...] Continue Reading »
The Thane Municipal Corporation (TMC) is all set to reform property tax structure. Determined to go ahead with its plans to assess property tax based on capital value of structures, the civic body is likely to vie for reforms in the tax structure. TMC’s legal department will file a signed affidavit that is to be [...] Continue Reading »
