Tag: Property tax

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Rajkot Civic Body Surpasses 50% Property Tax Collection Goal

RAJKOT: On Saturday, the Rajkot Municipal Corporation (RMC) reached 50% of its annual property tax collection goal, tallying Rs 301.03 crore. Since the financial year commenced on April 9, 3.82 lakh citizens have settled their property taxes. The RMC collected a total of Rs 412 crore in property taxes during the entire 2024-25 financial year. To encourage timely payments, RMC has launched incentive schemes, offering a 10% rebate for male property owners and a 15% rebate for female property owners who pay by May 31. Additionally, online payers receive an extra 1% discount. In an effort to address past due…

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Vadodara Waives Property Tax Interest Until March 31

VADODARA: The Vadodara Municipal Corporation (VMC) has introduced a rebate scheme to waive interest charges on overdue property tax payments, available until March 31 of next year. The civic authority aims to encourage long-term defaulters to settle outstanding dues through this initiative, following previous efforts to recover pending payments. As part of the scheme, full interest waivers will be provided for properties assessed under the previous rent-based system that was active until 2003, which was replaced by an area-based assessment on April 1, 2003. Residential properties under the area-based system will receive an 80% interest rebate, while non-residential property owners…

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Kolkata’s Sector V to Pay Property Tax via UAA Next Year

KOLKATA: NDITA has submitted its final proposal to the state regarding the implementation of the unit area assessment (UAA) system for property tax collection in Sector V. This draft proposal from NDITA outlines that the property tax for each holding will be calculated by multiplying its annual valuation by the applicable tax percentage set by the government, ensuring that no property tax exceeds 30% of the annual value of land and buildings in the region. An NDITA official shared, “Several modifications have been incorporated into the draft, which has been approved by the valuation board. The completed proposal is now…

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Secunderabad: SH-1 Property Tax Increase Paused Amid Protests

HYDERABAD: Property owners along State Highway-1 (SH-1) have received good news from the Secunderabad Cantonment Board (SCB), which has decided to postpone the recently announced property tax increase until the ongoing road widening concerns are sorted out. Additionally, those without any rental income will benefit from a 50% tax discount. The decision follows significant pushback against the 100% tax increase, as many proprietors were already facing financial hardships prior to the hike. The planned road widening project, impacting over 1,000 properties along the highway, has prompted several tenants to vacate their homes. Telukunta Satish Gupta, chairman of the Rajiv Rahadari…

Latest StoriesResidential

Regularize Buildings Under Karnataka’s e-Swathu: Tax Since 2016

BENGALURU: Property owners wishing to regularise unauthorized properties under Karnataka’s e-Swathu scheme are required to pay property tax retrospectively, starting from either 2016 or the year they received an electricity connection, as per official guidance. The e-Swathu initiative aims to incorporate unauthorized properties into the tax system and improve transparency. Panchayats have been instructed to promptly assess and collect dues based on various slabs linked to the guidance value. The process is regulated by the Karnataka Gram Swaraj and Panchayat Raj (Gram Panchayat Tax, Rates and Fees) Rules, 2025, which were officially published last week. According to these rules, Gram…

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Nagpur to Auction 149 Properties for Unpaid Taxes

NAGPUR: The Nagpur Municipal Corporation (NMC) is intensifying its efforts to recover long-overdue property taxes, targeting 149 properties for auction in an attempt to collect ₹3.29 crore. So far, it has successfully retrieved ₹95.3 crore through property tax warrants. Currently, property tax arrears in Nagpur have exceeded ₹938.7 crore. A recent report highlighted that 261 prime properties are in default, each owing more than ₹25 lakh, collectively amounting to ₹442.34 crore in arrears. As of September 2025, the property tax and assessment department has issued 10,042 warrants under Taxation Rule 42, covering outstanding dues of ₹95.31 crore. Out of these,…

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Sambhajinagar Extends Property Tax Amnesty to October End

CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has extended its property tax amnesty scheme until the end of October. Now, property owners can benefit from a 50% discount on penalty charges. Municipal Commissioner G. Shreekanth stated, “The initial response to the amnesty was tremendous, with many property owners settling their dues. This initiative significantly boosted revenue for the civic body. Given the demand to continue, we have decided to extend the scheme to the end of October.” The scheme, originally launched from July 15 to August 31 with a 95% penalty waiver, was first extended to September 17 with…

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Chennai collects ₹910 crore in property tax, eyes ₹1,100 crore goal

CHENNAI: During the first half of the 2025–26 financial year, the Greater Chennai Corporation collected ₹910 crore in property tax, aiming for a target of ₹1,100 crore from April to September. Civic officials announced plans to ramp up collection efforts to meet the financial goal. To enhance compliance, the Corporation is providing various online and offline payment solutions, as well as sending reminders to defaulters. In past years, the civic body organized special camps specifically for property tax collection; however, this year saw no such events, as more taxpayers opted for online payments. Officials noted that digital reminders and simplified…

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Nashik Launches Tax Rebate Scheme for Property Defaulters

NASHIK: The Nashik Municipal Corporation (NMC) has announced an amnesty scheme for property tax defaulters, starting Monday, September 1. This initiative aims to recover a substantial part of the total outstanding property tax, which is estimated to be Rs784 crore, including Rs327 crore in penalties accumulated over the years. The scheme offers a significant waiver on penalties for those who clear their dues. Defaulters who pay off all outstanding property tax between September 1 and October 31 will receive a 95% waiver on the penalties. For payments made in November, the penalty waiver will be reduced to 85%. The NMC…

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Panvel Extends Property Tax Penalty Exemption Dates for Brackets

NAVI MUMBAI: The Panvel City Municipal Corporation (PCMC) has announced an extension of the deadline for property tax fine exemptions under the 90% amnesty scheme to September 15. The 90% rebate, which started on July 18, previously ended on August 15. As a result, the 75% rebate period has been updated to run from September 16 to September 30. Currently, property tax dues exceed 47% of the budgeted amount for 2025-26. The civic body is also offering a basic 5% tax discount for those who settle their 2025-26 taxes by August 31, with additional discounts of 2% for digital payments…