Tag: Property tax

Latest StoriesRegulatory

Patna’s Property Tax Collection Jumps 13.9% From April to July

PATNA: The Patna Municipal Corporation (PMC) reported a collection of ₹51.76 crore in property tax from April 1 to July 22 this year, marking a 13.9% increase from ₹45.43 crore collected during the same period last year, officials announced on Thursday. The increase is attributed to ongoing public outreach and awareness campaigns designed to promote timely payments. Officials noted that PMC has been actively contacting property owners daily via telephone and other platforms to remind them of tax deadlines. Between July 1 and July 22, PMC collected ₹3.61 crore from 9,634 property owners, compared to ₹2.89 crore from 9,431 property…

Latest StoriesRegulatory

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…

Latest StoriesRegulatory

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…

Latest StoriesRegulatory

Patna civic body collects ₹48 crore property tax in Q1 FY27

PATNA: A surge in property tax payments on June 30 allowed the Patna Municipal Corporation (PMC) to achieve a remarkable single-day collection of over Rs 3 crore. This date marked the last opportunity to receive a 5% rebate on property tax payments. On that Tuesday, 3,927 taxpayers made their payments, prompting the PMC to extend its service hours, keeping all collection counters open until midnight to accommodate the influx of residents. The strict cutoff for the discount resulted in PMC collecting nearly Rs 48 crore in property tax during the April-June quarter of the current financial year. Recent reports indicate…

Latest StoriesRegulatory

Gurugram nets ₹213 crore in Q1 property tax, hits 65% goal

Here’s a rewritten version of the content: GURUGRAM: The Municipal Corporation of Gurugram (MCG) collected ₹213 crore in property tax during the first quarter (April 1–June 30) of the fiscal year 2026-27, achieving 65.5% of its annual target of ₹325 crore within just three months. June 30 marked the final day to benefit from the Haryana government’s special relief scheme, which offered a 10% rebate on this year’s property tax and a complete interest waiver on pending dues from 2010-11 to 2024-25, contingent upon the payment of outstanding dues and self-certification of property details. In the first quarter, June saw…

Latest StoriesRegulatory

Patna Civic Body Sees Tax Surge After ARV Revision

PATNA: The Patna Municipal Corporation (PMC) has increased the Annual Rental Value (ARV) for properties by 15%—the first adjustment in nearly 30 years. This change, effective from June 24, 2026, aims to enhance civic revenues to improve infrastructure, including roads, drainage, sanitation, and street lighting. Additionally, PMC is offering a 5% discount for lump-sum property tax payments made by June 30 for the fiscal year 2026–27. Average daily receipts have surged from approximately ₹50 lakh to nearly ₹70 lakh. On Thursday alone, the civic body collected over ₹68 lakh from 1,480 properties by 3:33 PM—a significant increase following the implementation…

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 StoriesRegulatory

Rajkot collects ₹152 crore in advance taxes in 40 days

RAJKOT: The Rajkot Municipal Corporation (RMC) has successfully collected Rs 153 crore in advance property and water taxes for the financial year 2026-27 within just 40 days. As of May 18, 2.43 lakh taxpayers have settled their dues since the tax collection initiative started on April 7. The RMC’s total tax collection for the last financial year was Rs 448 crore. Digital payments have taken the lead in tax collection, with 1.86 lakh citizens choosing to pay online, bringing in Rs 111.21 crore. In contrast, 57,731 taxpayers opted for traditional payment methods, contributing Rs 42 crore through cheques and cash.…