Property tax collection crosses ₹100 crore in city

After April 15 , the assessees won’t get 5% incentive and have to pay 2% penalty

April 15, 2022 12:30 am | Updated 06:07 pm IST - CHENNAI

The property tax collection counters of the Greater Chennai Corporation saw a steady trickle of assessees on Thursday.

The property tax collection counters of the Greater Chennai Corporation saw a steady trickle of assessees on Thursday. | Photo Credit: K. PICHUMANI

The Greater Chennai Corporation (GCC) has collected ₹102 crore as property tax from 1.72 lakh assessees since April 1 in this financial year.

There are 13 lakh property tax assessees, including owners of residential and commercial buildings, in the 15 zones of the city.

After April 15, the civic body will not extend 5% incentive for property tax payment. On the other hand, the assessees will have to pay a penalty of 2%.

Teynampet zone has collected ₹17.38 crore as property tax, the highest in the city so far. Manali zone has the lowest collection of ₹1.57 crore. Tiruvottiyur zone collected ₹2.64 crore, Madhavaram ₹3.77 crore, Tondiarpet ₹2.49 crore, Royapuram ₹11.31 crore, Thiru. Vi. Ka. Nagar ₹2.97 crore, Ambattur ₹9.72 crore, Anna Nagar ₹7.46 crore, Kodambakkam ₹7.29 crore, Valasaravakkam ₹4.19 crore, Alandur ₹4.2 crore, Adyar ₹9.41 crore, Perungudi ₹3.42 crore and Sholinganallur ₹6.73 crore.

Online mode of property tax payment is popular in the southern zones such as Valasaravakkam, Perungudi, Adyar and Alandur. More than 50% of assessees have paid property tax online in zones of Valasaravakkam, Alandur, Adyar and Perungudi.

Steps taken

The Corporation has taken several steps to improve its revenue. Several unassessed and under-assessed buildings have been identified. Field survey has been completed in 180 of the 200 wards to bring the under-assessed properties in the tax net.

In 2021-22, the half yearly payment of property tax was ₹396 crore. In September 2021, the civic body had collected ₹91 crore in the first 13 days. On April 14, several residents paid property tax to avoid 2% penalty.

Over 40% of the property tax has been paid online. Around 49% of the tax has been collected by tax collectors, who visit neighbourhoods with handheld devices.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.