Residential property owners may have to shell out more tax, what with the(GHMC) planning to double the tax. On the other hand, property tax of commercial properties in L B Nagar, Uppal, Malkajgiri and Qutubullapur municipal circles may be reduced by 15-20%, according to the authorities.The area under GHMC has been divided into 115 zones and 344 sub-zones based on abutting main roads, internal roads,...
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Big tax-payers have been hoodwinking Greater Hyderabad Municipal Corporation (GHMC) by under-assessing their buildings, causing huge loss to the civic body. Under-assessment of several buildings came to light when GHMC officials started a physical verification of properties, whose tax is fixed above Rs five lakh.For instance, the owner of Kims Hospital on Minister Road, Secunderabad, pays property...
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(GHMC) by under-assessing their buildings, causing huge loss to the civic body. Under-assessment of several buildings came to light when GHMC officials started a physical verification of properties, whose tax is fixed above Rs five lakh.For instance, the owner of Kims Hospital on Minister Road, Secunderabad, pays property tax for about 52,000 square feet (sft) built-up area, but when the officials...
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government's dilly dallying on payment of property tax on its buildings is expected to raise hackles with the opposition during thecouncil meeting on December 1. The property tax arrears on government buildings currently stands close to Rs 1,000 crore.The state government has 1,186 buildings in GHMC limits which attract Rs 71 crore as property tax per annum. But the government has been making a payment...
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Vadodara Municipal Corporation (VMC) has gone on an offensive to collect pending property taxes from property owners in the city. With the financial year at its fag end, the civic body is out to ensure that all pending taxes are paid up.non-residential properties and severe water connections of residential properties to collect property tax. Over 300 non-residential properties were sealed by the civic...
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(VMC) has gone on an offensive to collect pending property taxes from property owners in the city. With the financial year at its fag end, the civic body is out to ensure that all pending taxes are paid up.non-residential properties and severe water connections of residential properties to collect property tax. Over 300 non-residential properties were sealed by the civic body since Saturday even as...
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Municipal Corporation on Wednesday okayed a proposal by the administration to raise the property tax for residential properties by 2% and for commercial properties by 6%.Supplementary proposals to hike the drainage facility benefit tax for all residential properties by 1% and to hike the general tax for residential properties having rateable value of above 30,001 were also approved at the meeting presided...
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Property tax is one of the main sources of revenue for the PMC. The department handles the billing and collection of property tax on residential, commercial, plots and other types of properties, both private and government-owned (state and central), within PMC limits. There are around 6 lakh residential properties and 75,000 non-residential properties, as well as 24,000 open plots.The civic tax department...
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make the tax system more progressive, the Government is raising property tax rates for high-end residential properties, with the largest increases applying to investment properties that are not occupied by their owners. -- ST FILE PHOTO: KEVIN LIMTo make the tax system more progressive, the Government is raising property tax rates for high-end residential properties, with the largest increases applying...
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(GHMC) commissioner, MT Krishna Babu, has said that property taxes will be revised in May with any mistakes and anomalies in the rates to be rectified during the review.has to be revised every five years and we will revise it in May," Krishna Babu said at the GHMC special budget meeting on Thursday. Krishna Babu said that the corporation was waiving off the additional property tax on buildings which...
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