PID will help the government make significant contribution towards its revenue collection. It will also promote transparency in administration. A GIS (Geographical Indication System) will be used to identify properties that lack PID .
According to the civic body officials, around 16.19 lakh properties in the city require immediate revision. All such properties will fall under the tax net. With such revision. The BBMP can accumulate a revenue of Rs 3000 crore as property tax. This will act as a boon for the state government.
In a move to whip up the revenue collection process and get adequate information about the built-up area of apartments and buildings in the city, the government has issued a deadline for property records to be revised. In regard to the move, the government has suggested the BBMP to revise and upgrade the records by the end of January 2015.
It seems BBMP needs to identify properties, which lacks the Property Identification Numbers (PID) and the built-up area is not declared. As per market sources, nearly 8000 properties in the South zone lacks PID numbers. In addition to this, nearly 50000 properties in the South zone call for revision. :( :(