Chennai property tax to fetch Rs 477 cr

The number of property tax-payers in Chennai has been growing approximately by 10 per cent over the last eight years and the city now has 10,71,914 assessees with a tax estimate of Rs 477 crore.

After the recent expansion of Chennai corporation, the number of property tax assessees has almost doubled and more new buildings are expected in the current fiscal.

According to city corporation sources, Manali, Madhavaram, Tiruvottiyur and Sholinganallur have less number of properties, compared to other congested zones.

Highly-polluted Manali, which has large refineries and industries, has the lowest number of buildings with 18,263 properties assessed for tax and is followed by Madhavaram, recording 37,433 assessees.

Parts of south and central Chennai, which have always been considered residential hubs, have the maximum number of properties.

Kodambakkam has the maximum number of buildings with 1,32,698 assessees, followed by Anna Nagar, Teynampet and Adyar — having properties ranging above 1 lakh.

The total tax revenue through property tax is expected to reach above Rs 700 crore as a whopping tax arrears of Rs 300 crore is to be collected.

Chennai is growing and expanding so is the number of its properties. With the flat and apartment system prevalent in the suburbs that were recently merged, more properties (flats and apartments) are to be added in the coming days, a corporation official said.

The official also explained that core parts of old Chennai are now becoming commercialised and people were moving towards the suburbs and the areas that were merged recently with corporation.

Zones, including Alandur, Ambattur and Perungudi, are witnessing a lot of real estate activities and the property tax generation from these areas is all set to surge, the official added.

Post new comment

<form action="/comment/reply/157174" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: &lt;a&gt; &lt;em&gt; &lt;strong&gt; &lt;cite&gt; &lt;code&gt; &lt;ul&gt; &lt;ol&gt; &lt;li&gt; &lt;dl&gt; &lt;dt&gt; &lt;dd&gt;</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-06eb8e6c3198b2cd527eeb717cbcc3de" value="form-06eb8e6c3198b2cd527eeb717cbcc3de" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="81260129" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>

No Articles Found

No Articles Found

No Articles Found

I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.