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1. Proposed Property Tax Assessment process is applicable only to residential land or buildings.
2. At present there are two tax rates based on annual rental value. For Annual Rental Value (ARV) upto
Rs. 1200/- it is @10% and for ARV more than Rs 1200/- it is @15%.
3. Owner / Occupiers of buildings which are under construction should submit 'Saral Form' (Self Assessment Form) and the due tax as soon as the building is completed or occupied whichever is earlier, or else a penalty as specified in the Penalty
Provisions will be imposed.
4. Yearly rent will be assessed based on the total area of rooms & vehrandas. Partial rebate will be applicable as specified in Partial
Rebate section.
5.(1) Where the owner or occupier primarily liable for payment of tax in respect
of any premises has not paid by the date fixed by the Corporation in this behalf
the tax or a part of the tax payable by him under this Act, simple interest at the
rate of twelve percent per annum from the date fixed for payment of tax upto the
date of payment shall be payable by him upon the amount that has remained unpaid.
5.(2) Without prejudice to the provision of Sub-section (1), where the owner or
occupier of any premises has paid tax under Section 207-A on the basis of his own
assessment and the tax so paid is found by the Corporation to be less than the amount
of tax payable by him, simple interest at the rate of twelve percent per annum upon
the amount by which the tax so paid falls short of the tax which is found to be
payable, shall be payable by him from the date fixed by the Corporation for the
payment of tax upto the date the amount of such difference is paid.
Special Rebate while calculating Tax:
The general tax shall be levied in all respect of all buildings
and lands in the City except:
1. buildings and lands solely used for the purpose connected with the disposal of the
dead.
2. buildings and lands or portions thereof solely occupied and used for public worship
or for a charitable purpose.
3. buildings solely used as schools and Intermediate colleges whether aided by the State Government or not.
4. ancient monuments as defined in the Ancient Monuments Preservation Act, 1904, subject to any direction of the State Government in respect of any such monument.
5. any building or land the annual value of which is rupees three hunder and sixty or less, provided that the owner thereof does not own any other building or land in the same city.
6. buildings and lands vesting in the Union of India except where provisions of Clause(2) of Article 285 of the Constitution of India apply.
7. any owner occupied residential building constructed on a plot of land measuring Thirty square metres, or having a carpet area up to Fifteen square metres provided that the owner does not own any other building in the City, and,
8. residential buildings occupied by the owner of building, which has been included in the limit of Corporation within five years or the facilities of roads, drinking water and street light provided in that area, whichever is earlier.
Partial Rebate while calculating Tax:
1. Tax will be calculated on the 50% of internal area of balcony, corridor, kitchen, storeroom.
2. For garage, tax will be calculated on the 25% of the internal area of garage/ for tax calculation purpose the carpet area will be equal to
80% of the covered area.
3(a). For self-occupied buildings the following rebate will be admissible as per the age of the building:
a. 25% for the buildings which are upto 10 yrs old.
b. 32.5% for the buildings between 10 - 20 yrs
old.
c. 40% for the the buildings older than 20 yrs.
3(b). If the building is tenanted then the Annual Rental Value(ARV) shall be enhanced
by the following percentage:
a. 25% for the buildings which are upto 10 yrs old.
b. 12.5% for the buildings which are 10 - 20 yrs old.
c. No additional amount for the buildings which
are older than 20 yrs.
4.
Rebate for Blind/Handicapped:
With reference to G.O. 2955/9-9-2004-182J/2004, Cent Percent Blind and Handicapped
persons are exempted 100%; from the property tax, 75% Blind and Handicapped
persons are exempted 50%; from the property tax.
Penalty Provisions:
| S. No.
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Rule
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Condition of Penalty
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Amount of Penalty
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| 1
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3(1)
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If the owner or occupier of land or building has not submitted Form(B) within the specified date as required for the purpose of tax assessment.
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a) If plot/Building area is less than or equal to 50 Sq. Mt., the amount of penalty will be Rs. 100/-.
b) If plot/Building area ranges between 50 to 200 Sq. Mt., the amount of penalty will be Rs. 1000/-.
c) If plot/Building area ranges between 200 to 400 Sq. Mt., the amount of penalty will be Rs. 5000/-.
d) If plot/Building area is greater than 400 Sq. Mt., the amount of penalty will be Rs. 25,000/-.
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| 2
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3(3)
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If the information regarding the tenants of the building is not given or the revised Form(B) indicating the tenants is not provided within the specified 60 days period.
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a) If plot/Building area is less than or equal to 50 Sq. Mt., the amount of penalty will be Rs. 100/-.
b) If plot/Building area ranges between 50 to 200 Sq. Mt., the amount of penalty will be Rs. 1000/-.
c) If plot/Building area ranges between 200 to 400 Sq. Mt., the amount of penalty will be Rs. 5000/-.
d) If plot/Building area is greater than 400 Sq. Mt., the amount of penalty will be Rs. 25,000/-.
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| 3
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3(4)
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If the information regarding the increase in the carpet area of building by more than 25% because of construction or renovation of the building is not given within 60 days, in the prescribed Form(B).
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Twice the due property tax or Rs. 500/- Per Day, whichever is less, will be applicable
as penalty. |
| 4
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8(1)
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If the information given in Form(A & B) is found incorrect.
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Four times the difference of the Property Tax will be levied as penalty.
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Note : A notice specifying the above reasons will be sent to the owner/occupier within 30 days, to show the cause, why he/she should not be punished under the specified penalty. Accordingly, a decision will be taken by the Municipal Commisioner/Authorized Officer.
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The Municipal Commisionar / Authorized Officer may on request compromise the specified penalties to the minimum of XXX.
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