property tax
In the general body meeting, the capital value based property tax system has been cleared which was passed in the statutory standing committee. The proposal was brought for discussion under the ‘Urgent Business’ proposals and was cleared even though it was not on the agenda. Congress members staged a walkout due to the speedy passing [...] Continue Reading »
A resolution has been passed by the Chennai Corporation recently, which talks about constitution of a committee for assessment of property tax in the city. Now, the Additional Commissioner (Revenue and Finance) of the Corporation has been given power to assess property over 50001 sq ft in both residential and non- residential domain. Additional revenue [...] Continue Reading »
Vijayawada West MLA Vellampalli Srinivas has said that the Government has recently announced that it will cut 10 per cent in property tax for the apartments which are solar-powered. At the Solar Power and Renewable Energy Expo which was held at the D.R.R. Indoor Stadium, there was a need for all solar-powered gadgets viewing the [...] Continue Reading »
There are many defaulters in Hyderabad who have been eluding property tax. For catching those people and to save crores of rupees lost as revenue in the form of property tax, GHMC Hyderabad has planned to install Geographic Information System (GIS). Two agencies, Vayum Technologies and Vensoft, will help the civic body with the endeavour [...] Continue Reading »
Haryana Government has finally started the property tax collection process after imposing it ten days back in the state. The property tax will be collected from owners of residential, commercial and institutional buildings across Haryana. If all goes in a correct manner, then the financial commissioner principal secretary (FCPS) informed that demand notices of property [...] Continue Reading »
Have a property tax query or don’t know what is capital value based property tax system? Then not to worry because Brihanmumbai Municipal Corporation (BMC) has come up with an initiative to solve the queries. The civic body has come up with an email address at which if you send a mail along with your property identification [...] Continue Reading »
In the present real estate market scenario the home buyers are younger than they were before. Most of the home buyers buy their dream home in their twenties. Buying a second house in India is a new trend and has been recognized as a growing market in the past few years. As an investment, real [...] Continue Reading »
The Andhra Pradesh Government has given the revenue department a target of revenue collection of Rs 5,300 crore. This is 25 percent more than the total revenue collected in Hyderabad last year. The government had increased the market values of properties in Hyderabad in 2010, is keen on repeating the same this year as it [...] Continue Reading »
The Haryana cabinet has approved the proposal of the department of town and country planning to increase the license fee for residential plots, group housing and industrial colonies. The increased rates of license fee may impact property rates, especially in new colonies and coming up projects in Gurgaon, Faridabad, Sonepat and Panchkula districts. The cabinet [...] Continue Reading »
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 [...] Continue Reading »
