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Hike in property tax on rented residential buildings cut by half

MAWS Department on Thursday amended its earlier Government Order, reducing the proposed property tax on rented residential buildings by 50 per cent, three days after announcement.

Published: 27th July 2018 03:53 AM  |   Last Updated: 27th July 2018 03:53 AM   |  A+A-

By Express News Service

CHENNAI: The Municipal and Water Supply (MAWS) Department on Thursday amended its earlier Government Order, reducing the proposed property tax on rented residential buildings by 50 per cent, three days after the announcement.

The tax on rented residential buildings has been reduced for a maximum of 100 per cent to a maximum of 50 per cent, taking into consideration petition from residents, according to a release from the MAWS department. This would mean that property tax of residential buildings and rented residential buildings will be more or less same.

The revised GO states that property tax for non-residential areas will continue to be not more than 100 per cent. The taxes will come into effect from current half year. The release said that property tax for the Ambattur, Alandur, and Madhavaram areas will see a 10 per cent increase while areas such as Thiruvanmiyur, Sholinganallur, and Valasarvakkam could see a 20 per cent increase in property tax rates. This increase in property tax rates is relatively less when compared to other cities.

The decision to revise property taxes has been taken after the Madras High Court directed the MAWS secretary to take a decision on the proposal submitted by the Commissioner of the Chennai Corporation to revise the property tax in the city, within two weeks and report to the court on August 3.

A division bench of Justices N Kirubakaran and Krishnan Ramaswamy gave the directive when a batch of PILs came up for hearing, seeking to remove encroachments made by CASA Grand Builder Private Limited at the Adyar river adjacent to the Rajiv Gandhi statue abutting the Maraimalai Adigalar bridge at Saidapet.

Decision after court order

A division bench of Justices N Kirubakaran and Krishnan Ramaswamy had given the directive to MAWS Secretary, to take a decision on revising property tax in the city, when a batch of PILs seeking to remove encroachments by CASA Grand Builder Private Limited at Adyar river, came up. The bench had noted that property tax revision was last made in 1998

Revised GO
The tax on rented residential buildings has been reduced from a maximum of 100 per cent to a maximum of 50 per cent, taking into consideration petition
from residents
The revised GO also states that property tax for non-residential areas will continue to be not more than 100 per cent
MAWS says the revised rates will still be less when compared to other cities in the country



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