As a prospective homebuyer, you should know that for property assessment, you must submit building plan along with occupancy certificate to the GHMC. Thats where the problem lies right now. Since a large number of houses have not been assessed, collecting taxes from these owners would take a long time
GHMC commissioner Somesh Kumar had asked the senior officials to prepare an action plan for collection of property tax in their respective circles and zones, with special focus on commercial establishments. He is expecting the property tax amount to cross the Rs 2,000 crore mark compared to last year's figure of Rs 1,020 crore
Most of these defaulting properties, almost one and half of the total number, fall under north and west zones of the GHMC limits, amounting to roughly 3.34 lakh properties. So now officials are gearing up to complete property tax assessment to collect that 200cr rupees
Yes there are quite a lot of defaulters in hyderabad, as revealed by the intensive household survey conducted across Telengana in Aug. In fact of all the 20 lakh households in the Greater Hyderabad limits, only 13.6 lakh units had been assessed for property tax
Yes, and also about 7 lakh properties in Hyderabad are unassessed and owners of these properties have property tax defaults of a total of over Rs 200 crore. Also, not just residential, among these defaulting 7 lakh properties, there are a few commercial establishments as well