Bruhat Bangalore Mahanagara Palike (BBMP) has identified sources from where it is losing revenue. In a survey to reassess buildings in tech parks for property tax at Mahadevapura revealed that the Palike has been cheated of crores by commercial and IT buildings, which do not pay tax according to the law. BBMP found that 10 [...]
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Latest News and Stories related to property tax
IT parks in Bangalore are not paying property tax properly
Monday, May 28th, 2012Chandigarh government plans to charge property tax based on power consumption
Monday, May 28th, 2012Department of Local Bodies in Chandigarh has proposed to charge 10% power bill as property tax for the property owners in urban areas of the state. The government has planned to calculate the amount of property tax based on the power consumption by the owner, not be based on the size of the property. The [...]
Property tax information by short message service for in Pune
Thursday, May 24th, 2012The property tax department of Pune has started a short message service (SMS) that will inform citizens about their tax dues on their properties at Pune. The municipal commission has declared that those who wish to get details of their dues by text messages should type NI, followed by their property number, and send it [...]
New property tax in Mumbai is under HC scanner
Friday, May 18th, 2012The capital value-based regime and contending new property tax rule of Mumbai goes to High Court for proper justice. In a petition the applicant has said to the court that the present tax hike for the properties in Mumbai is unequal and is injustice to certain property-owners in the city. Under the new tax regime, [...]
Calculate Actual Cost of Apartments in India
Monday, May 14th, 2012Apartments in India are the dream of every individual. It is also considered as the largest investment of lifetime. But before anyone prepares the budget for their apartment in India, he should consider several added expenditure over the cost of the apartment. Floor rise charges of approximately Rs 25 per sq ft will be added [...]
Properties in Nagpur will be assessed for correct property tax
Monday, May 14th, 2012The Nagpur Municipality has decided to fast track the assessment work of properties in Nagpur. The work is pending for many years and this delay is causing a huge loss to the NMC. According to the Municipality there are 5.5 lakh properties in the city. It is necessary to reevaluate the properties in every five [...]
Reduction in Property Tax for Apartments in Mumbai
Monday, May 14th, 2012Property tax in Hyderabad will be revised
Monday, May 7th, 2012GHMC has planned to revise the property tax rates for the property in Hyderabad. The owners of the real estate property in Hyderabad are expecting the general revision of property tax , which will be implemented in the next financial Year. According to sources, the GHMC has set a target to collect Rs 1000 crore [...]
Impact fee is high in Ahmedabad
Wednesday, May 2nd, 2012Two buildings across the cities of Gujarat have been legalized under the new impact fee norms in the past two months. The impact fee is too high and there is no clarity on issues related to parking space. That is the reasons the owners of the apartments in Ahmedabad are not showing any interest in [...]
New zonal committee for Gurgaon Municipality
Monday, April 30th, 2012The Gurgaon Municipality has decided to form four zonal committee to resolve the objections raised by the residents. It is informed that there are over 50,000 pending objections related to housing tax under the municipality. The councilors suggested that ward-wise house tax committees should be formed and plots smaller than 50 square yards should be [...]
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