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...
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Owners of Commercial Establishments Hit with Doubled Property Tax
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 is to be implemented from October. With this, an additional tax of Rs. 100...
Higher Tax Rates on Housing Purchase in Cantonment
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...