CSMC Expects Revenue Boost from Property Amnesty in Chhatrapati Sambhajinagar
CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) anticipates a significant revenue increase this financial year due to the expansion of its property tax amnesty scheme. Initially limited to residential properties, the scheme has now been extended to include commercial and industrial properties as well. Under the updated scheme, named Freedom from Penalty, residential property owners can benefit from a 95% discount on late fees if they settle their dues in full by August 15. Those making payments between August 16 and September 15 will be eligible for a 75% discount. The Municipal Commissioner, G Shreekanth, implemented this scheme using…