Madras High Court rejects bail for Pon Vasanth, husband of Madurai Mayor Indrani, in the ₹200-crore property tax scam case. The SIT probes software manipulation causing massive revenue loss; opposition parties demand transparency in the ongoing investigation.
Ghaziabad Municipal Corporation extends 20% property tax rebate to September 30, affecting 5.5 lakh taxpayers amid ongoing tax hike protests and revenue collection goals.
Nashik Municipal Corporation offers 95% penalty waiver to property tax defaulters until October 31, 2025, aiming to recover Rs 784 crore in outstanding dues.
Zirakpur emerges as leading property tax collector in Mohali district with Rs 15.47 crore, followed by Kharar's Rs 4.26 crore under extended OTS scheme.
Ludhiana Municipal Corporation extends property tax settlement deadline multiple times, allowing defaulters to clear outstanding dues without penalties. Scheme has generated significant revenue.
Punjab residents have limited time to clear property tax dues with full penalty waivers. Zirakpur leads in collections under this One-Time Settlement Scheme, which offers phased relief through October 31. Act now before penalties resume.
Chandigarh witnesses record-breaking property transactions in premium areas like Sector 18-A and Motor Market, with a two-kanal house selling for ₹32 crore, signaling robust investor sentiment despite tax hikes and digital reforms.
Nashik Municipal Corporation triples development charges to Rs 350 per sq m starting April 2025, marking the first hike in 15 years, aiming to fund infrastructure projects and Kumbh Mela 2026-27 while developers anticipate rising housing costs.
The Chandigarh Administration's significant hike in collector rates, effective April 1, 2025, impacts various property types, leading to widespread criticism from traders and property dealers.
Howrah Municipal Corporation introduces an AI-driven valuation system in 2025 to ensure fair property tax assessments, streamlining processes and setting precedents for market dynamics improvement.
Bengaluru's rental inflation exceeds Singapore's due to a 20-30% rent increase, driven by companies ending work-from-home policies.
The GST Council is expected to clarify that the Real Estate Regulatory Authority (RERA) will be exempt from GST. This decision follows concerns that GST effectively taxes state governments.
Property mutation is crucial in ownership transfer in Delhi. Here’s a detailed guide on the process, documents required, steps to apply, and how to track the status.
Delhi MCD extends property tax geotagging deadline to Feb 29, 2024. Residents can get a 10% tax rebate for self-geotagging before the deadline. This initiative aims to improve urban planning and revenue collection.
Mumbai's property tax remains unchanged for the fiscal year 2024, providing relief to homeowners amidst ongoing financial challenges, according to the state cabinet's recent decision.
Kerala simplifies land tax payments via the Sanchaya portal. Property owners can now conveniently calculate and pay taxes online through the Revenue Department's website.
Lakeview County apartments offer a refreshing alternative to metro living, boasting serene environments, lower property taxes, and potential for passive income through rentals.
India's real estate market is booming. TDS applies to property transactions exceeding ₹50L. Buyers must deduct 1% TDS, deposit it with the Income Tax Dept.
Karnataka Government plans to cut guidance values by December, potentially boosting the property market. A lower guidance value is expected to increase property registrations and government revenue.
Gujarat govt. announced 100% property tax exemption for hotels, restaurants, resorts, and water parks for FY2021-22, alongside revoking flat electricity bills, offering substantial relief to the hospitality sector.
Pune Cantonment Board (PCB) to seal properties of tax defaulters who fail to pay dues by March 5, 2021. PCB aims to recover Rs 38 crore from over 12,000 defaulters.
Haryana government is digitizing property data in 87 urban areas, covering 8 lakh properties in 41 cities, to curb fraudulent practices and improve transparency.
The Karnataka High Court addressed a PIL regarding Bruhat Bengaluru Mahanagar Palike's property tax collection. The court instructed the commissioner to acknowledge a representation by Bharatha Surachana Mandala within three months.
The standing committee is considering revising a previously approved property tax hike to fund 24x7 water supplies, which faced opposition from various political parties.
BBMP may extend the 5% property tax rebate until the end of June. The BBMP Council will decide in the next two days. This follows taxpayer confusion over new tax zones.