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No civic taxes for you this year
Jan 15, 2014
AHMEDABAD: Amdavadis should thank the forthcoming general elections for having escaped new civic taxes. Presenting a lacklustre Rs 4,901-crore budget for 2014-15, the Ahmedabad municipal commissioner on Friday hinted at upgrading few areas from lower to a higher category in the property tax formula, leading to a possible hike in taxes in such areas if the elected wing accepts the proposal.
Backbreaking tax on vacant land in Hyderabad
Jan 14, 2014
HYDERABAD: In a strange twist of logic, the Greater Hyderabad Municipal Corporation (GHMC) imposes more tax on vacant plots than it collects from owners of buildings and other structures.
Corporation of Chennai off tax target, infra spend may be hit
Jan 14, 2014
CHENNAI: Cash-strapped Corporation of Chennai doesn't have the funds to pay the salaries of contract workers but it is set to fall short of its property tax revenue target for a second successive year.
Property tax: Nims owes Rs.12.5 crore
Jan 14, 2014
HYDERABAD: Continuing to apply pressure on major property tax defaulters, the Greater Hyderabad Municipal Corporation (GHMC) on Friday sought to execute warrants against Nizam’s Institute of Medical Sciences (Nims) for accumulated tax dues to the tune of Rs.12.50 crore.
PMC body earns Rs 670 crore from property tax
Jan 10, 2014
PUNE: The Pune municipal corporation (PMC) has earned around Rs 670 crore from property tax since the start of the current financial year i.e. April 2013.
Nagpur Municipal Corporation starts planning for property, water tax hike
Jan 08, 2014
NAGPUR: Citizens are likely to face a hike in property tax and water tariff in the new financial year. The Maharashtra Municipal Corporation (MMC) Act makes it mandatory for civic bodies to plan and complete the process to revise taxes before February 20. Therefore, the civic body has started planning revision in both taxes considering the huge revenue deficit due to lack of improvements in tax collection and recovery system.
PMC identifies 16,000 properties not in tax net
Jan 08, 2014
PUNE: Over 16,000 properties, which have not been assessed for payment of property tax for a period ranging from six months to six years, were identified in the city limits during a month-long drive of the civic body.
Paying taxes made easy with online portal
Jan 08, 2014
GUWAHATI: In a bid to provide relief to the city's tax payers, the Guwahati Municipal Corporation (GMC) has launched online payment of property tax which is its prime source of revenue.
Withdraw tax hike now, demands CPI
Jan 08, 2014
VIJAYAWADA: The Communist Party of India on Tuesday demanded the government withdraw property tax immediately.
City property owners get relief from new tax regime, for now
Jan 07, 2014
MUMBAI: Property owners in Mumbai have received interim relief from a new capital value-based property tax regime that may increase taxes by up to 300 per cent, with the Bombay High Court intervening in the matter.
PMC may not hike property tax next fiscal
Jan 06, 2014
PUNE: Chances are that citizens will not be burdened with an increase in property tax in the next financial year. The civic administration has submitted a proposal to the standing committee, suggesting that the levy should not be hiked.
Koregaon Park realty tops rate chart in Pune
Jan 06, 2014
PUNE: The rise in ready reckoner rates for 2014 may have dropped compared to 2013, but the growth story for some city areas remains robust. The rates for residential areas have remained high for Koregaon Park, Erandawane, Shivajinagar, Kothrud and Kalyaninagar. In Pimpri Chinchwad municipal corporation limit, areas including Pimple Gurav, Pimple Saudagar, Wakad and Pimple Nilakh have registered higher rates. Interestingly, apart from fringe areas that are recording growth, there is much activity
PMC may not hike property tax next fiscal
Jan 04, 2014
PUNE: Chances are that citizens will not be burdened with an increase in property tax in the next financial year. The civic administration has submitted a proposal to the standing committee, suggesting that the levy should not be hiked.
32,000 unassessed properties in Pune, Pimpri Chinchwad
Dec 14, 2013
PUNE: There are around 32,000 residential and comamercil properties unassessed for property tax in Pune and Pimpri Chinchwad, revealed two separate surveys conducted by the municipal corporations. Of the 32,000 properties, 10,000 are in Pune municipal limits, while the remaining is in Pimpri Chinchwad.
Property tax deadline extended to Dec 31
Dec 11, 2013
DELHI: The MCG office saw a huge rush all through 10 December, the last day to pay property tax and avail rebate, before the state government decided the same evening to extend the deadline to December 31.
East Corporation moots hike in property tax
Dec 10, 2013
DELHI: East Delhi Municipal Corporation Commissioner's second annual budget speech read almost the same as the last with not much to offer. He proposed an increase in property tax (50 percent increase in base unit area value) and four new taxes.
1.5 Lakh Commercial Units Have No Trade Licences
Dec 10, 2013
HYDERABAD: It may sound unbelievable but it is a fact. As many as 1,56,890 commercial establishments in the twin cities are running without trade licence and another 22,220, instead of being in the commercial tax net, are in residential property tax net.
IT units to pay property tax at residential rate
Dec 10, 2013
PUNE: After chief minister Prithviraj Chavan gave assurance of giving rebate in the property tax for Information Technology (IT) units, the standing committee of Pune Municipal Corporation on Monday approved a proposal of charging property tax from upcoming IT industries at residential rates and not commercial rates.
Anomalies galore in Chennai property tax rates
Dec 09, 2013
CHENNAI: Property tax rates in Chennai are rife with anomalies and inconsistencies. Many neighbourhoods in the recently-annexed parts of the Chennai Corporation, despite poor amenities and low rental value, pay the same property tax as the well-developed areas that fetch high rental values.
30% rebate on property tax in Gurgaon before Dec 10
Dec 09, 2013
DELHI: The MCG is offering special rebates on pending property tax amounts to residents who choose to make their payments before December 10. According to officials, discounts of up to 30% will be offered to property owners within this grace period.
Pune-based property tax system on cards
Dec 06, 2013
NAGPUR: The Nagpur Municipal Corporation (NMC) is all set to implement Pune Municipal Corporation's (PMC's) ready reckoner plus rental-based system to calculate property tax. "There will be upper and lower ceilings on increase or decrease of tax. It will not increase beyond double the monthly rent prevailing in the market nor will it fall below 50% of this amount," said NMC's tax committee chairman Girish Deshmukh.
PCMC doubles property tax for illegal buildings
Nov 28, 2013
PUNE: Owners of unauthorized constructions in Pimpri Chinchwad will have to pay double theproperty tax. The civic body will soon start issuing tax bills for 2012-13 and for 2013-14.
New property tax segment for businessmen
Oct 31, 2013
GURGAON: Property tax calculations for commercial and industrial establishments such as hospitals, marriage and cinema halls, banks, restaurants and godowns are about to change with the MCG creating a special category for them.
Grievances later, pay property tax first, says PMC
Oct 25, 2013
PUNE: The civic administration, struggling to achieve the annual budget revenue target of Rs 4,167.5 crore, is now focusing on property tax collection. The administration has asked property owners to pay their taxes before approaching the civic body with tax-related grievances.
Property tax defaulters get red notices in Hyderabad
Oct 22, 2013
HYDERABAD: Eyeing more revenue collection from property tax this financial year, Greater Hyderabad Municipal Corporation (GHMC) officials have started slapping red notices on property tax defaulters. Over two lakh notices have been served on tax defaulters from October first week.

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