Property Owners
Hyderabad- The demolition drive of unauthorised buildings have been in progress in Hyderabad as the Greater Hyderabad Municipal Corporaiton (GHMC) officials demolished 23 unauthorised buildings at Anjaiah Nagar and Siddique Nagar near Gachibowli. This step was taken as a part of the Lokayukta’s directions. Although about 36 buildings were noticed as illegal, GHMC demolished only 23 [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) is planning to double the tax, so the residential property owners have to pay more tax. According to the authorities, property tax of commercial properties in L B Nagar, Uppal, Malkajgiri and Qutubullapur municipal circles may be cut by 15-20%. GHMC is to raise minimum property tax to 80 [...] Continue Reading »
The South Delhi Municiapal Corporation (SDMC) has decided to tackle the issue of property tax payers who have not been paying tax as per the rules. The civic body has taken on the property owners who have got the nature of their property converted from residential to commercial, but have been paying property tax as [...] Continue Reading »
The Chennai Corporation added more banks to its current list of six banks authorised to collect property tax. Currently the six banks receiving property tax are – Indian Overseas Bank, City Union Bank, Karur Vysya Bank, Canara Bank, ICICI Bank and Axis Bank. Now HDFC Bank and the IDBI Bank are added to the list. [...] Continue Reading »
The Madhya Pradesh state government‘s decision to levy Narmada tax has come under fire from various builders and property owners. The property owners are to pay tax prior to getting building permission for any construction is bound to put an additional burden on those constructing new house, as well as on those who had bought [...] Continue Reading »
While the Bruhat Bangalore Mahanagara Palike (BBMP) announced to start the tax collection drive, it was alleged that it had targeted lower and middle class to collect property tax. Now, the BBMP has come up with the list of 20 major property tax defaulters, who owe almost Rs 16.58 crore to the civic agency. Big [...] Continue Reading »
The Nagpur Municipal Corporation (NMC) has asked property owners who do not have water connections to pay extra property tax to make up for the delay in hiking general water tax. Owners in some localities do not have the water connection. As NMC has started to distribute property tax bills for this fiscal, property tax [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) is all set to issue Property Identity (PID) numbers to all property owners from September 15. The aim is to bring 16 lakh properties in Bangalore under the tax net to increase the revenue collection. Palike sources state that PID scheme is in the final stages. Properties in the [...] Continue Reading »
Thane Municipal commissioner RA Rajeev’s proposal to shift to capital value based assessment of property tax in Thane has been criticised collectively by all the political parties. General body of the Thane Municipal Corporation, comprising of members from all political parties – Congress, NCP, BJP, Shiv Sena lashed out at the administration’s proposal to shift [...] Continue Reading »
Greater Hyderabad Municipal Corporation (GHMC) is set to bring relief to the owners of properties by sparing them the ordeal of running around the municipal offices for assessment of property tax. The civic body is coming out with a new software on its website, which will enable property owners to calculate their property tax at [...] Continue Reading »
