Tag: Sita Sahu

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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…

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Patna Civic Body Approves Leasehold to Freehold Conversions

PATNA: The empowered standing committee of the Patna Municipal Corporation (PMC) has approved a proposal to transition leasehold residential properties to freehold ownership. Residents in areas such as Rajendra Nagar, Shri Krishnapuri, PIT Colony, and Beur will be eligible for full ownership rights upon payment of a conversion fee set at 10% of the existing circle rate. This proposal was a key discussion point in the 23rd ordinary meeting of the empowered standing committee on Tuesday, during which members ratified 18 agenda items aimed at enhancing municipal administration. Led by mayor Sita Sahu, this policy seeks to address longstanding legal…