property tax
BBMP has started collecting property tax from April 1 for the fiscal year 2012-13. Online mode of payment has also been introduced and can be paid on by logging on to http//www.bbmp.gov.in. Even credit and debit cards can be used for the same. A rebate of 5% will be given to those property owners who [...] Continue Reading »
The Haryana Government is planning to increase the property registration rates for the financial year 2012-13. The expected hike in the property registration rate may be around 15%. The rate of registration cost for the properties in Gurgaon has witnessed several hikes in last one year. 20-33% hike in registration cost was announced on March [...] Continue Reading »
The Mumbai municipality issued notice to all the owners for payment of the due property tax. And the due date was 31st March, 2012. The notice surprised the owners as many of them were unaware of the due taxes. Lot of the owners purchased the apartments in Mumbai recently and at the time of sale [...] Continue Reading »
The municipality of Bangalore has not changed the property tax rate for commercial and residential properties in Bangalore. As there is no change in the tax rate, people can pay the property tax through self assessment scheme at Bangalore One centre also. The tax payers can avail 5% rebate on the tax amount if they [...] Continue Reading »
The Chandigarh municipality has rejected the agenda of discussion on imposing house tax on the residential apartments in Chandigarh. Though the officers of the civic body planned to meet on the agenda of imposing house tax, it was not approved for discussion. The members of the Chandigarh municipality do not want to put extra burden [...] Continue Reading »
Green home rating system was launched by Indian Green Building Council at CII’s national conference in Pune. Additional Municipal Commissioner (Gen.) Pune Municipal Corporation announced that all green initiatives in real estate will get 5% to 10% rebate on property tax for green projects. The announcement made to enhance the effort to increase the green [...] Continue Reading »
Hike in property tax has been a nightmare to the citizens of Thiruvananthapuram. Property tax payers can expect maximum of 60-per cent increase in the tax amount for residences. However, the hike for commercial buildings would be much higher when compared to the residential sectors. Also, recently the city mayor announced the possibilities of implementing [...] Continue Reading »
The red letter notices is being issued in Nizamabad on account of clearing the pending property tax payments. To follow same the Nizamabad Municipal Corporation (NMC) has commenced with the property tax collection drive. The property tax defaulters are being issued red letter notices and also two special teams have been appointed to seize the [...] Continue Reading »
Kolkata Municipal Corporation (KMC) observed a large queue of tax defaulters recently. KMC offered partial interest waiver on outstanding property tax. KMC has collected approximately Rs.5 lakh in a day. According to a senior member of KMC, it is a good trend that people are coming forward to pay the dues. KMC is preparing the [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) has initiated a geographical information system (GIS) for the properties in Bangalore. It comes up with unique Property Identification Number, which will help the public to determine the value of the property tax due for payment. To make the GIS information authentic, BBMP has assembled the data according to [...] Continue Reading »
