property tax
BESCOM will help the BBMP to identify all the properties in Bangalore, which will help BBMP to find out all the property tax defaulters in the city. The BBMP will collect data available with BESCOM, based on electricity meter connections. BBMP has estimated that there are more than 22,000 apartment buildings in Bangalore with more [...] Continue Reading »
The standing committee has permitted to implement the new property tax rules for properties in Mumbai. Before, the property tax in Mumbai was calculated based on the rental value of the properties. In the new property tax system, the value will be based on the actual property value and not the rental value. In the [...] Continue Reading »
The Ooty municipal officials have disconnected water supply to at least six of the government buildings in Ooty town. This step has taken as those properties were failed to clear the property tax in stipulated time. The municipality has short-listed at least 18 government properties for which property tax has not yet been paid. Many [...] Continue Reading »
Total 44,701 property holders in Pimpri Chinchwad availed the benefit of property tax concessions given by the civic body for people who paid their tax for 2011-12 in advance before June 30. The property tax department offers three types of tax concessions to city property holders who pay their tax before June 30. 10% concession [...] Continue Reading »
Bruhat Bangalore Mahanagara Palike (BBMP) has identified sources from where it is losing revenue. In a survey to reassess buildings in tech parks for property tax at Mahadevapura revealed that the Palike has been cheated of crores by commercial and IT buildings, which do not pay tax according to the law. BBMP found that 10 [...] Continue Reading »
Department of Local Bodies in Chandigarh has proposed to charge 10% power bill as property tax for the property owners in urban areas of the state. The government has planned to calculate the amount of property tax based on the power consumption by the owner, not be based on the size of the property. The [...] Continue Reading »
The property tax department of Pune has started a short message service (SMS) that will inform citizens about their tax dues on their properties at Pune. The municipal commission has declared that those who wish to get details of their dues by text messages should type NI, followed by their property number, and send it [...] Continue Reading »
The capital value-based regime and contending new property tax rule of Mumbai goes to High Court for proper justice. In a petition the applicant has said to the court that the present tax hike for the properties in Mumbai is unequal and is injustice to certain property-owners in the city. Under the new tax regime, [...] Continue Reading »
Apartments in India are the dream of every individual. It is also considered as the largest investment of lifetime. But before anyone prepares the budget for their apartment in India, he should consider several added expenditure over the cost of the apartment. Floor rise charges of approximately Rs 25 per sq ft will be added [...] Continue Reading »
The Nagpur Municipality has decided to fast track the assessment work of properties in Nagpur. The work is pending for many years and this delay is causing a huge loss to the NMC. According to the Municipality there are 5.5 lakh properties in the city. It is necessary to reevaluate the properties in every five [...] Continue Reading »
