Tag: Sanjay Mamgai

Latest StoriesResidential

Prayagraj Offers Property Tax Relief for New Buildings

PRAYAGRAJ: In a significant move for property owners, the Prayagraj Municipal Corporation (PMC) is set to introduce tax benefits for newly constructed residential buildings in the city. A 25% tax rebate will be offered on the annual rental value assessment of these new properties, leading to a corresponding reduction in house tax for qualifying owners. The decision was made during a meeting led by Chief Tax Assessment Officer Sanjay Mamgai, involving tax superintendents and departmental staff. Officials were instructed to apply the 25% concession when evaluating even newly built houses. However, this benefit is exclusive to purely residential properties, excluding…

Latest StoriesResidential

Prayagraj Offers Tax Rebate Only for Resident Homeowners

PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) has announced that property tax exemptions will be available only to owners of self-occupied residential buildings occupied by their families. Properties that are rented out or generate income in any other way will not qualify for this exemption. PMC intends to begin verifying applications from eligible property owners within this month. According to PMC Chief Tax Assessment Officer Sanjay Mamgai, property tax exemptions have traditionally been available for self-occupied properties older than 20 years. Property owners must submit applications, followed by on-site inspections by municipal teams to verify claims. Mamgai noted that the municipality…