Posts Tagged ‘ Property Tax ’

The Greater Hyderabad Municipal Corporation (GHMC) has proposed to reduce the vacant land tax (VLT). The tax value which was 0.5% of the registration value as per the GHMC Act is now proposed to be reduced to 0.25%. Still, the Act should be amended by the Municipal Administration and Urban Development (MA&UD). This proposal...

The Greater Hyderabad Municipal Corporation (GHMC) has proposed to allow 50% tax exemption for heritage buildings. It also informed that no new constructions should be taken up around 300m of any heritage monument without which the Archeological Survey of India would book cases. Considering this, the state government proposed to renovate Mahabub Chowk, Clock...

Shop owners have been hit by the 100 percent increase in property tax. The Greater Hyderabad Municipal Corporation (GHMC) has sent notices to the owners of commercial properties with the doubled property tax. Even a 25 percent penalty has been added to the unauthorized constructions. It has been found that before merging of the...

A revision in the property tax by 50 percent on the existing tax for the non-residential (commercial) properties has been proposed from the second half year of 2011. It was declared by the Greater Hyderabad Municipal Corporation (GHMC) that it is to be implemented from October. With this, an additional tax of Rs. 100...

The Greater Hyderabad Municipal Corporation (GHMC) listed in its website the top 1,000 property tax defaulters including individuals, private firms, government departments, public sector undertakings, colleges, schools and places of worship which had to pay Rs. 149 crore to the corporation. In a current difficult situation in need of funds for different developmental activities,...

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...

Hand-held machines have now been introduced to collect property tax by the Greater Hyderabad Municipal Corporation (GHMC). The proposal aims to avoid the corruption or any other malpractices during tax collection. Currently, the property tax from the owners is being collected in the form of cash or cheques and manual receipts have been provided...

The Greater Hyderabad Municipal Corporation (GHMC) proposed to increase the property tax by five percent every year and it is intended to be in action from April, 2012. This has been proposed in order to repay the bank loan being taken for various developmental works in the city. Infrastructure and other developmental works including...

The Greater Hyderabad Municipal Corporation increased the property tax for commercial establishments of the city. The enhanced tax is supposed to convey about Rs. 250 crore additional revenue. The core area of the city alone may get about Rs. 115 crore. The core area of the erstwhile Municipal Corporation of Hyderabad is found to...

The Greater Hyderabad Municipal Corporation (GHMC) was found to send property tax notices even for properties which have been lost in the road-widening projects. The corporation took many properties for widening the inner ring road between Tarnaka and Uppal. The property owners even had received compensation. Still, the municipal body has been sending notices...