Property tax component to be cut in Chennai suburbs 

Places like Alandur now have higher BSR than core spots like T Nagar

Published: 31st May 2022 07:11 AM  |   Last Updated: 31st May 2022 08:12 AM   |  A+A-

Mayor R Priya chairing the monthly council meeting at Ripon Building on Monday. Corporation Commissioner Gagandeep Singh Bedi is also seen. (Photo | R Satish Babu, EPS)

Mayor R Priya chairing the monthly council meeting at Ripon Building on Monday. Corporation Commissioner Gagandeep Singh Bedi is also seen. (Photo | R Satish Babu, EPS)

By Express News Service

CHENNAI: Responding to complaints from property owners in extended parts of the city, the corporation council on Monday, adopted a resolution to bring down basic street rates, a component in calculation of property taxes, in some extended areas to be on a par or lesser than that of core areas.

Property owners of extended areas like Alandur, Valasaravakkam, Madhavaram, Thiruvottiyur and Ambattur zones had raised objections to the recently introduced  property tax revision stating that in some areas, the basic street rates is higher when compared to even core areas like Adyar and Teynampet.

According to the residents, while the basic street rates even in core city areas like Nungambakkam, Gopalapuram, Royapettah and T Nagar range from 0.90 to 1.50, it has been set to 2.56 in erstwhile Alandur Municipality.

They also sought to bring down BSR to Rs 1.25 which is prevalent on average in core areas. Taking the feedback into consideration, the basic street rates in extended areas will be set by comparing it to the nearest core city area. The street rates are to be lesser than the revised rates in the nearest core city areas but not be lesser than the existing rate in the core areas.

“The new basic street rates have already been recommended for extended areas but it will be finalised in the next two weeks,” a senior corporation official told TNIE. “When the property tax was revised in 2018, this was a major problem concerning those in extended areas. So, this change has been recommended,” the official added. 

Taxation and Finance committee chairman Sarbajaya Das told TNIE, “In line with the standard basic street rates, the rates in extended areas have been reassessed to be on par or lower than the nearest core city area. When this comes to effect, some extended areas will even have no increase at all (of property taxes).”



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp