In order to follow a Court decision, the Tamil Nadu Government gave nod for revision of property tax in urban local bodies of the state. The GCC [Greater Chennai Corporation], 11 other municipal corporations, 124 municipalities and 528 town Panchayats fall under these urban local bodies will have revised property rates in effect from the mid of the current year.
Harmander Singh, the Municipal administration and water supply secretary said that the proposed revision of property tax cannot exceed more than 50% for residential buildings and 100% for rented residential and non-residential buildings.
According to a Government order, all essential guidelines for the revision of property tax will be issued by the Commissioner of Municipal Administration, Commissioner of the Greater Chennai Corporation and by the director of town panchayats individually separately.
Earlier, all departments’ heads requested the Government to carry out a general revision of property tax in urban local bodies during June-July. Hence, a division bench of the Madras High Court freshly ordered the municipal administration and water supply department to take a decision related to the proposals in two weeks and also asked them to report the same to the Court on next hearing which is scheduled to be held on August 3.
An official said that the Madras High Court decided to revise property tax which will take place according to the current provisions of the Urban Local Bodies Act. This decision was taken by the court after examining the proposals of the Greater Chennai Corporation, municipal administration and town panchayats.