Ghaziabad civic body mulls free parking scheme for house tax payers
Free parking in the city for a year to residents who pay property tax
Jan 21, 2015
Source : The Times of India


GHAZIABAD: The Ghaziabad Nagar Nigam (GNN) has come up with an innovative plan to encourage people to pay their house tax on time - it is mulling to provide free parking in the city for a year to residents who pay property tax.

For instance, if the free parking is implemented in May this year, then those who pay their house tax for the current financial year (2014-15) would be eligible to avail free parking. And, to avail of the scheme, one would have to produce the property tax receipt, along with his driving licence to the parking attendant.

Officials hoped the free parking scheme would be incentive enough for city residents to pay property tax, and it would also help increase its revenue. The authority is currently finalizing the guidelines for the parking policy.

GNN commissioner RK Singh told TOI that there are 2.60 lakh registered property owners in the city and the civic body can collect Rs 70 crore in tax revenue if everybody pays up, but said that "last year only 70% of the house owners paid the tax". "With the free parking incentive, we hope that at least 20% of the tax defaulters would pay next time," he said.

Calling it a win-win situation for both residents and the authority, Singh said that the increased tax revenue in house tax would outweigh the loss of revenue from parking receipts. "In the financial year 2013-14, we collected Rs 1.35 crore from 54 designated parking lots in the city. If we succeed in encouraging all 30% tax defaulters to pay up, the amount that will fall in GNN's kitty will be much more than what we will lose from the free parking incentive," he said. Singh added, "To avail of the free parking facility, one would have to produce the receipt of the house/property tax along with his driving licence. But make sure that the address on both the receipt and the licence matches."

The proposal would be tabled at the GNN meeting to be held in the first week of March and if it gets the board's green signal, it would be implemented in the next financial year. Residents have welcomed the move. Colonel T P Tyagi, the chairman of the Ghaziabad RWA federation, said, "At the face of it, the proposal looks good but I only hope that the GNN doesn't use the proposal to hike property/house tax."

Latest Realty News

Jan 21, 2015
Hyderabad: The high power delegation from the State headed by Capital Region Development Authority special commissioner N. Srikanth held discussions with Singapore Government
Jan 21, 2015
HYDERABAD: Land prices have shot up in Telangana and Andhra Pradesh after a five-year hiatus following the announcement of a string of urban and rural development projects
Jan 21, 2015
GHAZIABAD: The Ghaziabad Development Authority (GDA) has decided to lease its unsold properties - residential and commercial - to the district health department
Jan 21, 2015
Lucknow: A smart city project worth Rs 600 crore was launched in the Sangam City of Allahabad
Jan 21, 2015
HYDERABAD: Malaxmi Group today announced its plans for setting up a luxury real estate project named Sentosa in the capital region of Vijayawada
Jan 21, 2015
Bhubaneswar: Odisha Government on Tuesday gave in principle approval to 22 projects that includes various public utilities and social housing schemes in Bhubaneswar
Jan 20, 2015
NEW DELHI:Govt recommended authorities simplify the process of sanctioning land use change once the master plans are notified
Jan 20, 2015
MUMBAI: Paying a compensation of Rs 4 per square metre for two sprawling plots in the centre of Mumbai was unreal, the Bombay high court told the Maharashtra government, and ordered a much bigger payout
Jan 20, 2015
Mumbai: A gynaecologist couple from Aurangabad was allegedly duped of Rs 5.5 crore by a builder from Mumbai
Jan 20, 2015
PUDUCHERRY: After converting 77 hectares of agricultural land primarily for residential purpose two months ago, more agricultural land is set to give way to residences

Latest Realty News Of State

Realty Talk's