Tag: Property tax in Chandigarh

Latest StoriesRegulatory

Chandigarh Property Tax Defaulters to Receive Recovery Notices Soon

CHANDIGARH: Property tax defaulters in the city should brace themselves for recovery notices, including penalties and interest, expected to be dispatched by the end of this month or early next month, as the civic body initiates the compilation of defaulter lists. Individuals who have not paid their property tax within the designated two-month period will incur a 25% penalty, plus 12% interest on the total tax amount. As the tax branch finalizes the data on taxpayers, sources indicate that there will be a prioritized focus on collecting dues from defaulters. Separate lists for residential and commercial defaulters will be generated,…

Latest StoriesRegulatory

Chandigarh Civic Body Collects ₹61 Crore in Property Tax Rebate

CHANDIGARH: The Chandigarh municipal corporation has achieved a record collection of ₹61 crore in property tax during the two-month rebate period from April to May, marking the highest amount collected in this timeframe. The rebate scheme concluded on May 31. Taxpayers who failed to meet the deadline will incur a 25% penalty in addition to 12% interest on the outstanding amount. Out of the total collection, ₹37.21 crore originated from commercial properties, while residential units contributed ₹23.79 crore, according to municipal records. This represents an increase from the previous year’s collection of ₹59.94 crore in the same period. Of approximately…

IndustryLatest Stories

Pay Property Tax by May 31 to Get Rebate: Chandigarh Civic Body

CHANDIGARH: The municipal corporation made a final appeal on Saturday to all residential and commercial property owners to pay their property tax by May 31 — the deadline for availing rebates during the current assessment period. Property owners are entitled to a 20% rebate on residential property tax and a 10% rebate on commercial property tax if paid by the deadline. Municipal Commissioner Amit Kumar encouraged taxpayers to either use the online payment system or visit Sampark centres to settle their dues and benefit from the rebates. He emphasized that timely payments not only save money but also facilitate the…

Latest StoriesResidential

Pay by May 31 for Property Tax Rebate, Chandigarh Urges Residents

To maximize revenue during the initial two months of the current fiscal year, Chandigarh Municipal Commissioner Amit Kumar urged citizens to pay their property taxes within the designated timeline to benefit from available rebates. Residential property owners will enjoy a 20% discount, while commercial property owners will receive a 10% rebate. This offer is valid until May 31. After that date, late payments will incur penalties and interest. The tax revenue is a crucial source for the municipal corporation, aimed at funding essential civic services like sanitation, road maintenance, water supply, and urban development throughout the city. Citizens are also…

Latest StoriesRegulatory

Chandigarh’s ₹62 Crore Property Tax Disputes in HC

CHANDIGARH: Municipal Corporation Chandigarh officials have disclosed that the city’s top 20 property tax defaulters still owe over Rs 190 crore, with Rs 62 crore in arrear cases currently in litigation in the Punjab and Haryana High Court. Various reasons have led occupants of seven out of the top 20 properties to contest the MC’s claimed arrears, resulting in the authority’s inability to recover the dues. All contested properties are classified as commercial. According to official data from the Municipal Corporation, commercial properties in the IT Park owe Rs 45 crore in dues. The Golf Club has not paid Rs…