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Chennai Property Tax

A brief Description

Chennai property tax : Chennai municipality is accredited as oldest municipality in nation which was executed by British east India Company and was authorized to collect revenues. property tax system is modified in several ways to match with today’s circumstances. Property tax is filed annually against assessment for immovable properties like flats, constructed buildings and vacant lands, taking locality and construction into consideration. Sewerage and or betterment taxes are excluded from property tax , Chennai Metropolitan Water Supply and Sewerage Board has started functioning separately since from time it was formed. Sewerage and water supply taxes are about 30% of property tax almost common in all localitiesat Chennai . Earlier it was lump sum amount to be paid as propertytax but after some repeated revisions it is based on ‘plinth’ or building occupied area only comes under duties to be paid.

In order to bring down propertytax burden now days authority has come up with most accepted way that only 10% of annual rental earning is tax to be paid irrespective of areas or localities. For smooth run of tax payments, Chennai City Corporation has hosted a website with all required data like property tax calculation and payment gate way, that one can easily log on and fallow instructions as per program online.  This Process is well accessible and appreciated by all sections of public who instead was running behind offices and killing most of ir time on long backlogs during manual operations.

In order to make payment, request notice will be issued to tax payer after assessing property tax . whole procedure very fast is done on line, all main services come under se websites programming which are user friendly, and locality wise categorization is much helpful in paying taxes . Furr if you find any issues in tax assessment simply file a petition before taxation committee and if in any case your petition is rejected you are advised to city civil court and in case of municipal limits appeal to be given to commissioner of particular city and reafter to district courts. Many educational institutions, hostels, orphanages, old age homes, deaf and dumb schools, blind schools, animal’s protection centers and few NGO’s are exempted from property tax assessments. Tax consultants functions effectively by creating awareness, and coordinates during assessment of taxes for ir clients and also provides approximate tax payable quotation on request.

 

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