What is the penalty for pending payment of property tax by builders in Bangalore?

Q: I own a flat in the suburbs of Bangalore. Recently I heard about the Property Tax Collection drive by the BBMP from the builders. What is the penalty for pending payment of property tax by builders?

adithya79,

15th October 2011

Property Tax in Bangalore

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Bruhat Bengaluru Mahanagara Palike has taken this approach of penalising builders for delay in paying property tax. BBMP Commissioner has asked officials to trace down the percentage of pending payment to be done by the builders and also to take action the Property Tax Collection drive.Legal notice in concern with either overdue tax or non-payments will be issued.Overdue tax payment has been told to collect along with the penalty and the same will be applicable in case of Self declared property tax. The officials have been granted a span of time till end of October 2011.