HYDERABAD: The Standing Committee of the Greater Hyderabad Municipal Corporation (GHMC) has approved the revised rates of trade license fee on the basis of road width.
The standing committee had earlier rejected the proposals submitted by the GHMC stating that the proposed rates were too high and need to be scaled down. GHMC proposed a hefty increase in the trade licence fee which was was 5-10 times more than previous years.
The revised rates are based on the width of the road on which the trade is situated irrespective of the type of trade.
For a single lane road, GHMC would levy Rs 3 per square feet with a maximum ceiling of Rs 10,000, for double lane road it is Rs 4 per sft with a maximum ceiling of Rs 50,000. For more than two lanes, Rs 6 per sft with a maximum ceiling of Rs 2 lakh and Rs 2.5 lakh in case of corporate or branded hospitals and four or five star hotels.
Prior to the revision, GHMC calculated the fee based on plinth area and identified five categories. The rates are Rs 3, 5 and 7 per sft and bulk charges were fixed at 25, 50 and 100 percent.
For certain categories like godowns, hotels, lodges, hospitals and function halls where the plinth area is very high, the rates were abnormally high.
Through the revision of trade license fee, GHMC hopes to increase collections from present Rs 45 crore-75 crore during 2014-15.
Lakes, Graveyards to be Beautified
Hyderabad: The Greater Hyderabad Municipal Corporation proposes to beautify graveyards and lakes, commissioner Somesh Kumar has said. The commissioner held a review meeting with GHMC senior officials and consultants engaged in modernisation of lakes and beautification of parks here on Friday.