Higher Tax Rates on Housing Purchase in Cantonment

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The Secunderabad Cantonment citizens are hit with higher tax rate on property transfer. The levy of transfer of property tax (TPT) for any other areas in the state is only two percent of the total value of the property. However, it is five percent in the Cantonment area. The registration charges for the properties throughout the state are only 7.5 percent. Whereas, in the Secunderabad Cantonment Board, it is 10.5 percent. The extra three percent of the charges pertain to the TPT.

Source: Deccan Chronicle

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