Tag: Property tax in Chennai

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Chennai collects ₹103 crore in property tax in 14 days

CHENNAI: The Greater Chennai Corporation has successfully collected ₹103.03 crore in property tax dues over the span of 14 days, thanks to a focused collection initiative across the city. This amount was gathered between July 3 and 16, during which many property owners proactively settled their tax dues. The efficiency of collections has surged by 145% compared to the same time last year, as reported by officials. “The special property tax collection camp has been ongoing since July 3 and will continue until July 31. We will also organize additional intensive collection activities aimed at recovering long-standing dues. Out of…

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Chennai Extends Property Tax Collection Camps to July 31

CHENNAI: In a move to boost property tax collections, the Greater Chennai Corporation (GCC) has extended its special tax collection camps until July 31, with nearly half of the city’s property owners yet to settle their dues. Out of 14.23 lakh assessed property owners in Chennai, only 6.98 lakh have paid their property tax to date, leaving around 7.25 lakh still outstanding. The corporation typically collects around ₹1,800 crore annually in property taxes. During the special camps from July 3 to July 15, ₹96 crore was recovered. Though originally set to conclude on July 17, the drive has now been…

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Chennai Civic Body Aims to Recover Loans from Property Defaulters

CHENNAI: The Greater Chennai Corporation (GCC) has recently addressed a letter to the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) regarding the low property tax collection, which stood at only 80% in the last financial year. The GCC is seeking directions that would require banks and financial institutions to include pending property tax dues when recovering loans from borrowers. To further enhance recovery rates, the GCC has also requested CERSAI to connect property tax defaults with CIBIL ratings and advise banks to deduct the owed amounts directly. GCC Commissioner G S Sameeran highlighted that there…

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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…