Greater chennai corporation property tax

CHENNAI: The Greater Chennai Corporation has warned of strict action, including sealing of property, against owners who fail to pay the tax. According to a report from Maalai Malar, the civic body said that penalty will be imposed and strict action will be taken on non-payment of property tax and professional tax within this month. Officials added that properties of owners who fail to explain the follow-up notice would be sealed. With revised property tax rates put in place, the Greater Chennai Corporation is expected to generate annual revenue of Rs 1,200 crore from the 12 lakh property owners within its limit. As the first half of the year is completed, a revenue of Rs 700 crore is to be collected. However, officials claim that only Rs 490 crore has been collected so far. Apart from the new property tax implementation, notices have also been sent to the owners to pay the outstanding property tax.

CHENNAI: Stating that there was no clarity on the computation used to arrive at the revision in property tax that the Greater Chennai Corporation had announced recently, the Madras High Court imposed an interim stay on the enhancement and directed the civic body to file a counter explaining how the revised tax amount was arrived at. Justice Anita Sumanth issued the direction while hearing a petition filed by K Balasubramaniam of Teynampet, who sought a direction to quash the property tax revision notice for the year 2022-23 that the Corporation served him on June 28. According to the petitioner, the half-yearly tax for his property for the second half of 2022-23 is fixed at Rs 7,170 as against the existing tax of Rs 3,695. This was against Section 100 of the Chennai City Municipal Corporation Act, 1919, he contended. Though city Corporation’s standing counsel Vaitheeswari submitted a resolution adopted by the Corporation Council to increase property tax, the court was not impressed. “The impugned order merely enhances half yearly tax from an amount of Rs 3,695 to Rs 7,170 and there is absolutely no clarity on the changed mode of assessment. The standing counsel is also unable to throw any light on the method of computation,” the judge pointed out. It was incumbent that a computation sheet be circulated to give clarity on the method of assessment that is being followed after Council resolution. “This is to ensure that the computation is in line with the mandate of t...

The Greater Chennai Corporation has requested property tax assessees to pay before October 15 and get a 5% incentive. According to a press release, people can pay the property tax on the Corporation’s website www.chennaicorporation.gov.in, at e-seva counters at zonal and divisional Corporation offices, through hand-held devices of tax collectors, on Namma Chennai and Paytm mobile applications, at select banks and through the Bharat Bill Payment System. During the first half-year of the financial year 2021-22, the civic body has collected a sum of ₹375.59 crore as property tax. A total of ₹225.13 crore of professional tax was collected during the same period. As per the amendment to the Chennai City Municipal Corporation Act, 1919, assessees who pay during the second half-year of 2021-22 before October 15, will be given 5% incentive up to a maximum limit of ₹5,000. Payments made after October 15 will attract 2% simple interest per annum. During the previous half year of April 2021, a total of 1.16 lakh assessees received incentive. In October 2020, a total of 94,900 assessees availed themselves of the incentive, the release said. Comments Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments...

... You may be asking how you can tell if you are paying the correct amount of tax. We supply you with the manner by which this tax is calculated in Chennai for this purpose. Image Source: Latest Web News On April 8 and 9, the Greater Chennai Corporation conducted over 200 camps to expedite the collection of Furthermore, the corporation is bringing 2.79 under-assessed homes into the tax fold. These are illegal structures, and GCC hopes to increase property tax collection by Rs 300 crore per year simply by reassessing these buildings. Prime Meridian Surveys Private Limited, Arul Nambi Engineering Consultants, and Arasu Associates have been allocated the evaluation assignment. The project could be completed in the next nine months. The Greater Chennai Corporation (GCC) has also proposed a one-time 20 percent discount on the total outstanding sum. These defaulters owe the civic authority a total of Rs 346 crore. Defaulters are eligible for the discount if they pay their bills within three months of the resolution being introduced by the council. According to the corporation, almost 45,000 of the 1.12 lakh defaulting members have not paid their property tax for more than ten years and owe Rs 245 crore. The initiative, which targets those who have owed money for more than five years, is awaiting approval from the state administration. Property owners will avoid having to file legal lawsuits, while the civic body will finally receive its dues, according to civic body officials. ...

CHENNAI: The decision was taken earlier this month, senior officials confirmed. There are around 1,739 cellphone towers in the city. “We will be putting out a public notice inviting comments from residents. Later, a formula will be devised to decide how much tax will be levied. It will be a function of the fee paid by mobile phone towers to property owners. We will base it on agreements signed between those parties,” an official said. The issue has been entangled in a legal dispute since 2009 when the civic body first proposed this tax. Just seven residents from T Nagar owed Rs 3.45 lakh in taxes, revealed civic body’s records as of last year. Initially, The corporation devised a tax formula which was the monthly rent multiplied by 10.92% and 12.4%. Later this was changed to a fixed amount of Rs 15,000 for every half-year. Property owners challenged this in the Madras high court, which in its April 2021 order asked the civic body to redetermine property tax and also asked the owners to submit relevant documents to the civic body. Based on this, the corporation cancelled the fixed amount of tax.

Register Now NoBroker Forum: A Great Place to Discuss & Ask Questions About Anything Related to Real Estate - Residential and Commercial Rent, Home Rental Agreements, Movers and Packers Cost Estimates, Furniture Rentals, Home Cleaning & Painting Services, Sale Agreements and Legal Queries related to Buying and Selling of Homes. When you own a property, you have to pay the property tax. In order to pay the property tax, you must be aware of the property tax bill number among many other details. But how to find property tax bill number Chennai? I will take you through the answer and resolve your query. Read on: How to find property tax bill number Chennai? In order to find property tax bill number, you’ll have to perform the following steps: • Visit the official website of Greater Chennai Corporation or click on • In the right corner of your screen you will see the option of ‘Online Tax Payment.’ click on it. • Next, click on ‘New Bill No. Search’ • Enter details such as Zone Number, Division Code, Bill Number, and Sub Number • Click on submit and you will get the information on your screen And there you have it, New property bill number will be shared on the screen with you. I hope now you know ‘How to find property tax bill number Chennai?’ If you buy a property, the work doesn’t just end there. Post that, it is the responsibility of every property owner in India to pay a sum of money known as property tax to the local municipal corporation. I am from Chennai and I pay Che...

If you own a flat, building, shop or any other property in Chennai, you are liable to pay property tax to the civic body. Property tax in Chennai or ‘sotthu vari’ is paid to the Greater Chennai Corporation (GCC) on a half-yearly basis. Seemingly, an increased number of individuals find the property tax calculations overwhelming. Furthermore, most newly shifted residents of Chennai are unaware of the particulars concerning property tax payments in Chennai. If you are one of them, consider reading through the following sections. Property Tax Rates in Chennai The Greater Chennai Corporation property tax rate differs depending upon the type of property. Having said that, the basic property tax rate in the city is as follows: Property Type Tax Rate (per sq. ft.) Residential Rs. 0.60 to Rs. 2.40 Non-residential Rs. 4 to Rs. 12 Taking these rates into account, you can manually compute your property tax payable in Chennai. However, manual calculations can often lead to errors. Thus, you can also refer to the Chennai property tax calculator presented on the website of Chennai Municipal Corporation. Property Tax Calculation in Chennai The calculation of property tax in Chennai is as follows: Plinth area x Basic rate/sq. ft. + property’s annual rental value From the total value, deduct the depreciation amount as well as exemptions to arrive at the final amount due. For example, Let’s assume that the plinth area and the basic rate per sq. ft. are 2,000 sq. ft. and Re. 1 per sq. ft., r...

Property tax is a major source of revenue utilized in a city’s upkeep. In 2022-23, the Greater Chennai Corporation (GCC) doubled its property tax collection to 1,408.9 Crore thanks to its many diligent property taxpayers. As a property owner in Chennai you are surely interested in understanding how to fulfill this responsibility. Below is an overview of how to pay property tax online in Chennai. What is Property Tax? Property tax is an important income utilised to maintain and improve a city’s infrastructure, and public and civic services. Chennai boasts numerous beautiful monuments, parks, and museums maintained with the revenue earned from such taxes. Locally, property tax is also called ‘Sothu Vari’ and is paid twice a year. Calculation of Property Tax Online in Chennai The GCC portal’s ‘Online Services’ enables you to find out how much property tax you have to pay. Below are the steps to do so: • First click on Property Tax and then click on Property Tax Calculator. You will be redirected to an external link where you can select details like Zone, Ward, and Street Name • Enter the number of floors, residential and non-residential sections • Click on ‘Calculate Demand’ to know property tax payable. Property Tax Rates in Chennai The GCC levies different property tax rates based on the property’s use. • Residential – Rs. 0.60-Rs. 2.40 per sq. ft. • Non-Residential – Rs. 4-Rs. 12 per sq. ft. How to Find Property Tax Bill Number in Chennai? Use GCC’s online portal to find o...

The Greater Chennai Corporation has requested property tax assessees to pay before October 15 and get a 5% incentive. According to a press release, people can pay the property tax on the Corporation’s website www.chennaicorporation.gov.in, at e-seva counters at zonal and divisional Corporation offices, through hand-held devices of tax collectors, on Namma Chennai and Paytm mobile applications, at select banks and through the Bharat Bill Payment System. During the first half-year of the financial year 2021-22, the civic body has collected a sum of ₹375.59 crore as property tax. A total of ₹225.13 crore of professional tax was collected during the same period. As per the amendment to the Chennai City Municipal Corporation Act, 1919, assessees who pay during the second half-year of 2021-22 before October 15, will be given 5% incentive up to a maximum limit of ₹5,000. Payments made after October 15 will attract 2% simple interest per annum. During the previous half year of April 2021, a total of 1.16 lakh assessees received incentive. In October 2020, a total of 94,900 assessees availed themselves of the incentive, the release said. Comments Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments...

If you own a flat, building, shop or any other property in Chennai, you are liable to pay property tax to the civic body. Property tax in Chennai or ‘sotthu vari’ is paid to the Greater Chennai Corporation (GCC) on a half-yearly basis. Seemingly, an increased number of individuals find the property tax calculations overwhelming. Furthermore, most newly shifted residents of Chennai are unaware of the particulars concerning property tax payments in Chennai. If you are one of them, consider reading through the following sections. Property Tax Rates in Chennai The Greater Chennai Corporation property tax rate differs depending upon the type of property. Having said that, the basic property tax rate in the city is as follows: Property Type Tax Rate (per sq. ft.) Residential Rs. 0.60 to Rs. 2.40 Non-residential Rs. 4 to Rs. 12 Taking these rates into account, you can manually compute your property tax payable in Chennai. However, manual calculations can often lead to errors. Thus, you can also refer to the Chennai property tax calculator presented on the website of Chennai Municipal Corporation. Property Tax Calculation in Chennai The calculation of property tax in Chennai is as follows: Plinth area x Basic rate/sq. ft. + property’s annual rental value From the total value, deduct the depreciation amount as well as exemptions to arrive at the final amount due. For example, Let’s assume that the plinth area and the basic rate per sq. ft. are 2,000 sq. ft. and Re. 1 per sq. ft., r...