Civic staff will be held accountable for unassessed properties
The property tax department of PMC first launched a drive to recover pending dues by playing music band outside the property of defaulters
Jan 21, 2014
Source : The Indian Express

 

PUNE: After the success of its drive to recover dues from defaulters of property tax, the Pune Municipal Corporation (PMC) has decided to make the ground level civic staff accountable for failing to identify properties that have not been assessed for tax.

The property tax department of PMC first launched a drive to recover pending dues by playing music band outside the property of defaulters and managed to collect Rs 74 crore. Now, it has set its eye on identifying unassessed properties and bring them in the tax ambit. In its 40-day survey, the civic administration identified 26,000 properties that were found out of the ambit of property tax. “The drive to recover dues from defaulters would continue, but focus would also be on bringing unassessed properties in the tax net. The civic staff at the ground level responsible for assessing property tax would be made accountable if any unassessed properties are found in their jurisdiction,” said Municipal Commissioner Mahesh Pathak. The PMC has not proposed any hike in the property tax but estimated an increase in revenue collection by bringing unassessed properties in tax net, he said adding, “The property tax department would take in writing from the civic staff that there are no more unassessed properties in their area.” This means that the staff might face action if any unassessed properties are found in their area, he said. The PMC administration has set a revenue target of Rs 750 crore, including water tax, from property tax in 2014-15 as against Rs 742 crore for 2013-14. It has collected Rs 670 crore in the first nine months of the current fiscal and is set to cross its set target by March-end. There are 7.5 lakh properties in the city and the civic administration expects more would be added to the list if the civic staff at the ground level are made more accountable.

Latest Realty News

Nariman Point RR rates beat market
Jan 21, 2014
MUMBAI: The new stamp duty ready reckoner rates for Nariman Point have been fixed at Rs 43,000 a sq ft when the prevailing market rate ranges between Rs 26,000 and Rs 30,000 a sq ft.
Real estate (office) urged to contribute to new international standard
Jan 21, 2014
MUMBAI: The International Property Measurement Standards Coalition (IPMSC) has launched a public consultation on theInternational Property Measurement Standard (IPMS) for office buildings.
Innovations, technological developments in construction
Jan 21, 2014
MUMBAI: During the past decade, the construction industry has adopted various innovative tools to curb costs, reduce timelines and improve safety standards during project development.
New flat for your old one needs a lot of homework
Jan 20, 2014
MUMBAI: Anand Apartments in Versova, Mumbai, is a 40-year-old residential building. The residents plan to redevelop it, which means pulling down the existing structure and constructing a bigger one in its place. The initial discussions are over and they have to finalise the tender documents and appoint a developer.
Maharshtra stays 2014 ready reckoner guidelines
Jan 20, 2014
MUMBAI: The inspector-general of registration on January 17 issued orders staying the ready reckoner (RR) guidelines of 2014. The stamp duty and registration department will seek the opinion of all stakeholders like developers and legislators before preparing fresh guidelines to determine the market value of a property. Till then, the department will consider the market value of properties finalized in 2013.
Strategic shift leading to market maturity in 2014
Jan 20, 2014
MUMBAI: What cannot be learnt in the class room or the board room, is better learnt by market dynamics, that too, against the odds. The Indian real estate sector, in search of better finance and clear policies, seems to have learnt it on the job and hence, there seems to be a strategic shift in its operating methodology. This indicates that the market is on its way to maturity in 2014. Realtors have, of late, learnt to innovate. Different business models are now being used. One of the most popul
To woo buyers, StanChart ready to ‘slice’ building
Jan 18, 2014
MUMBAI: Failing to find a buyer for its entire office building in suburban Mumbai for Rs 315 crore over the last six months, Standard Chartered Bank is now offering the option of partial sale on a floor-wise basis to woo buyers.
Pune sees increase in addition & absorption of office space
Jan 18, 2014
PUNE: While the residential real estate market of Pune is going through a definite slowdown, the office space market is experiencing a veritable windfall. As per the latest reports of CBRE Commercial Real Estate Services, of the 7.3 million sq ft of office space supply in the Indian market in the fourth quarter of 2013, Pune saw an addition of 2 million sq ft.
Branded homes: The new symbols of ‘arrival’
Jan 18, 2014
MUMBAi: In India, the concept of branded luxury homes is only two or three years old. Growth of this segment could be pegged at roughly 5-6 per cent per annum, owing to the fact that it is a very exclusive niche category with a restricted number of buyers.
Builders woo buyers with discounts, gifts
Jan 18, 2014
THANE: With a view to cash in the property market fluctuations, developers in Thane are going all out to entice buyers. Anticipating high demand, many developers have either launched or announced new projects, along with discounts and gifts.

Latest Realty News Of State

Realty Talk's