Tag: Property Tax

February – Tough Time for Property Tax Defaulters

The Greater Hyderabad Municipal Corporation (GHMC) is planning to pursue a drive against all property tax defaulters in Hyderabad from February 2014 onwards. The GHMC has communicated strongly that the tax defaulters are going to be pursued until they pay…

Disclose Taxable Properties Before August 31

The GHMC commissioner stated that citizens living in and around Greater Hyderabad limits should submit their Voluntarily Disclosure of Property Tax forms before August 31, at Circle offices in Citizen Service Centres (CSCs) or on the GHMC website. Citizens who…

No Hike in Property Tax for Hyderabadis

The government has approved the GHMC budget for 2013-14 without any hike in property tax rates. With no hike in property taxes, property tax on buildings including those of state and union governments, is likely to bring Rs 950 crore…

Reduced Tax on Vacant Lands

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…

Hike in Property Tax for Commercial Buildings

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…

GHMC Website Lists Property Tax Defaulters

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…