In cities other than Chennai in Tamil Nadu, the tax hike is the second in 24 years, forcing other metropolitan areas to pay higher property taxes than Chennai.
The government of Tamil Nadu has ordered to increase the property tax in corporations, municipalities and municipalities in Tamil Nadu.
However, this increase has caused great dissatisfaction among the people of other cities. In Tamil Nadu, exactly 10 years after the property tax was raised in 1998, the property tax was raised again in 2008. Back then, property tax was not raised only in Chennai Corporation.
Ministerial Description
Then, as per the iCourt order, it was decided to raise the property tax in Chennai Corporation in 2018 and then it was put on hold. In this situation, the government has left the order to raise the property tax in all urban localities, including Chennai.
Tamil Nadu Urban Development Minister Nehru has explained that the property tax has been increased as per the instructions of the Central Government Finance Commission. Of the total 78 lakh consecutive 7-storey flats, only 7 per cent have been taxed, 100-150 per cent for residential and only 25 to 50 per cent for 83 per cent.
Currently, the property tax increase is set at four per square foot, depending on the area of the building: 600 sq. Ft., 600 – 1200 sq. Ft., 1,201 – 1,800 sq. Ft., 1,800 sq. Ft. For residential and industrial and commercial buildings. Of this, 150 per cent tax is levied on buildings in Chennai and 100 per cent property tax is levied on other cities.
Even at this rate, people in areas other than Chennai are forced to pay higher taxes.
For example, a building in Chennai where property tax was raised by Rs 4,000 in 1998 is now subject to a 150 per cent tax hike, but now it has to pay Rs 10,000 in tax. . For that, now with the 100 percent tax increase, he has been forced to pay 16 thousand rupees.
Various organizations have raised the banner of war to end this discrimination now. For at least a few years, property tax hikes in cities other than Chennai should be halted; Many parties have appealed to the government to reduce the tax increase in other cities accordingly.
It is better to reduce like this!
In 2008, no property tax was raised in Chennai Corporation. At that time, property tax was raised in all the corporations including Coimbatore and Madurai. At that time, the property tax in Coimbatore was raised to 25 per cent for residential, 100 per cent for industrial buildings and 150 per cent for commercial buildings. Now, if it is raised again, its value will be higher than in Chennai.
Therefore, to equalize the property tax increase, the 25 per cent increase for a 600 sq ft building would be 20 per cent, the 601 – 1,200 sq ft 50 per cent for 40 per cent, the 1,201 – 1,800 sq ft 75 per cent for 60 per cent, the industrial building 75 per cent for 30 per cent and the 100 per cent 40 per cent for commercial buildings. Coimbatore Consumer Gas has demanded the government to reduce it.
– Our correspondent –