As per the information revealed by the Greater Chennai Corporation its property collection for the period from April – January is less than that of in past 2 years. As per the tax assessment officers this is the result of recent revision in the property tax rates. As per the officials the number of assessed properties has gone up by 2 lakh and the tax revenue to be claimed is around Rs 480 crore.
As per the Deputy Commissioner, R Lalitha the corporation has started preparing list of defaulters and estimated revenue collection is above Rs 1000 crores. She further added that out of estimated Rs 1200 crore the corporation has already collected Rs 502 crore with highest collection from Teynampet area of Rs 100.7 crores.
As per the corporation they have already revised the tax rates for near about 11.7 lakh properties and are expected to revise the rate of the remaining properties within 1 week. With backing up the short fall of revenue collected the corporation said the earlier per day average collection of around Rs 2 crores has increased to Rs 5 crores a day.
Complaint of great difference between the new and old rates has been complained by several residents of the area. The residents further complaint that their tax amount has gone up by around 100-200%. The residents alleging the assessing officers said that there was mistake in calculation of basic street rate and thus which resulted in the increased tax amount. The residents comparing their tax rates as to tax rates of other areas said that people of other localities whose land values are 10 times more than there’s are tax at rate of 1.74 per sq. feet where they are paying 2.64 per sq. feet.
Courtesy/By: Mayank Agarwal
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13 Jan 2019
