Q: What are the steps taken by the GHMC officials against the property defaulters? I have heard that recently they have taken some strict action against some properties in the city for this.
This year, the GHMC has also collected information from the electricity department to identify all those buildings using a commercial connection, so that the building could be assessed as a commercial property
The officials are planning to collect details of the top 50 defaulters from all the 18 circles and issue notices to them on a priority basis. GHMC has till now managed to collect around Rs 650 crore property tax so far, which is not even fifty per cent of the target.
Yes, companies like Indian Drugs and Pharmaceuticals Limited (IDPL) and Hindustan Cables Limited (HCL) have dues of Rs 12 and 10 crore respectively, and the officials have sent notices to these companies already
there are a few properties where the businesses have ceased to exist, but the buildings still exist like Hindustan Machine Tools (HMT), which has a property tax valuation of about Rs 10 crore. These companies have been shut down ages ago, but the buildings and the respective colonies still exist as of now, and they are also not paying the tax.
The authorities of the GHMC have actually ready to send red notices and seize the properties in the city if the tax is not payed subsequently. The seniors officials are now negotiating with the owners of these properties with regard to the taxes.
Hey I have heard that some of the major tax defaulters include, Nizam Institute of Medical Sciences (Nims), which has a pending property tax of total Rs 15.76 crore, and also South Central Railway (Rs 9.64 crore) and the GVK-One Mall (Rs 2.48 crore).
Oh, I think that it is a good thing that the Government officals are taking strict action against the tax defaulters, as not paying the taxes will result in a huge revenue loss for the Government itself.
According to reports, there are close to 2,000 major property tax defaulters and the total dues from the top 1,000 defaulters in each of the 18 circles are over Rs 385 crore. Some of them have arrears from the previous years also which they have tp pay.
Recently, the authorities also sealed and shut down the Uppal stadium as the officials of the Uppal stadium failed to pay the required property tax to the Government, The total amount of the unpayed tax was almost close to 12 crores.
I have heard that now there are 13.6 lakh properties within the city's limits of which roughly 10 lakh of them have a taxation limit of Rs 5,000, while remaining properties are major commercial complexes and high-rises.
Yes, The municipality has a target to collect almost Rupees 1,500 crore by the end of the next 45 days. so now they are actually doing something about it and are issuing some notices to the major tax defaulters in the city.
Yes nagesh, The municipality has a target to collect almost Rupees 1,500 crore by the end of the next 45 days. so now they are acually doing something about it and are issuing some notices to the major tax defaulters in the city.