Property Owners
Only if land grab bids and ‘double documents’ were enough to trouble the property owners/buyers, the state registration department shocked the Madras high court by saying a controversial statement that it is difficult to issue encumbrance certificates without any fault. An encumbrance certificate (EC) is the basic document which reveals the current status of an [...] Continue Reading »
Property owners who are staying within 500 metres radius and along the outer ring road (ORR) need to pay betterment tax. MUDA has proposed to impose tax on the property owners to generate more revenue. The civic body is planning to collect Rs 20 crore in the next fiscal from the proposed betterment tax. If [...] Continue Reading »
Bangalore- According to a report, about 3.5 lakh property tax defaulters in the city owe more than Rs. 786 crore to the Bruhat Bangalore Mahanagara Palike (BBMP). If paid, the property tax arrears will reach up to Rs. 1,000 crore followed by the BBMP levying 2 percent penalty every month. Each ward had a property tax [...] Continue Reading »
Aurangabad- The latest drive initiated by the Aurangabad Municipal Corporation (AMC) against the tax defaulters in the city has proved to be fruitful as the authorities have collected an outstanding amount of Rs. 80 lakh in just three days. They have targeted the big property owners who have been evading the property tax for quite a long time. Starting [...] Continue Reading »
New-Delhi- With the recent approval from the North Municipal Corporation, work on Rani Jhansi grade separator will begin soon. The proposal of the grade separator was initiated by the commissioner to give the Delhi Government the land in exchange to the land which will be procured from the private property owners in areas like Azad Market and Model Basti. Owing to [...] Continue Reading »
The Urban Property Ownership Records (UPOR) project is stabilising in the four cities of Mysore, Shimoga, Hubli-Dharwad and Mangalore. The plan is to electronically link the offices of the sub-registrars, corporations and municipalities, courts, and the Department of Survey, Settlement and Land Records (SSLR). Once the project is over, detailed record of the properties can [...] Continue Reading »
Bangalore- The Bangalore Development Authority (BDA) issued notices to 12 property owners in Kengeri for installation of mobile towers on the terrace of their homes. The authority claims that renting out terrace portion to any telecom company for setting up their mobile towers is in violation of the rule that residential property cannot be used [...] Continue Reading »
Nagpur- Following the notification issued by the Nagpur Municipal Corporation (NMC) to increase property tax, RTI activist Shankar Gulani pointed towards the loss of crores of property tax due to the carelessness of municipal staffers. Approximately, out of 6.5 lakh properties in the city, only 5.33 lakh have been registered with the civic agency. This [...] Continue Reading »
The Pune Cantonment Board is clicking properties pictures to check if it is used for industrial or residential purpose. For the first time this is being done to maintain transparency in property tax and to make an assessment for 2011-2014 property tax. PCB started off with providing notices to 12, 000 property owners. The notices [...] Continue Reading »
The civic body is considering to give the rebate in property tax to the industries in Satpur and Ambad industrial areas of Maharashtra Industrial Development Corporation (MIDC). Haribhau Phadol, NMC’s deputy municipal commissioner (Octroi), said that they have already given five percent discount to the industries in property tax for using solar energy but now [...] Continue Reading »
