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Real Estate Forum on Property Tax Information

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Q: Hello guys, is there any difference in the property tax that we will be paying in this year? I have heard some rumours that there has been some kind of a waiver this time, Is it true?
Latest Answer: Hi Raghav, As per mayor though the civic body would have to bear an additional burden, the decision was taken in the interest of the people. The standing committee has directed the GHMC commissioner to prepare proposals for the waiver scheme and bring them before the GHMC general council meeting for another resolution, before the same is sent to the state government for clearance in a week's time.
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Q: Hello everyone, I have recently heard in the news that the property tax on in Hyderabad will be hiked in the future? can anybody confirm this?
Latest Answer: But right now, it is not clear whether VAT would be altered considerably, the officials said the changes would be moderate. For instance, a wide range of commodities including pulses, grains, electronic goods, computer peripherals, chemical fertilizers fall under five per cent tax category, and the rate may be changed to 5.5 per cent.
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Q: Hey guys, can we pay our property via banks in Hyderabad? Is this possible?
Latest Answer: The town officials are now identifying the open spaces in the city for this reason, to see if the buildings have permissions or to see if there are an empty spaces or not. The empty spaces will be safeguarded from encroachers. So far GHMC has identified as many as 3,086 open spaces and their list would be put on the GHMC website. These open space would be protected at all cost and see that they are protected from encroachers  and land grabbers
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