GHMC Considers Monthly Property Tax Payment System

24 Sep 2024 CW Team

The Greater Hyderabad Municipal Corporation (GHMC) is exploring a new system that would allow property owners to pay their property tax on a monthly basis. This initiative is designed to alleviate the financial strain currently faced by taxpayers, who are required to pay a lump sum annually.

Officials from the GHMC are developing guidelines and amendments to property tax regulations to implement this monthly payment option. Under the proposed system, property taxes would be divided into 12 equal installments, making payments more manageable for homeowners.

This change is expected to benefit both residents and the civic body. By enabling smaller monthly payments, the GHMC aims to reduce the accumulation of tax arrears and facilitate more consistent cash flow. The municipality anticipates monthly collections could range from ?150 crore to ?170 crore, aiding in the funding of various development projects across the city.

A senior official from the GHMC taxation wing indicated that the new framework would likely focus on properties with annual taxes exceeding ?3,000, while smaller assessments under ?101 might not qualify for the monthly payment plan. Discussions are ongoing regarding whether to make monthly payments mandatory or optional, with the possibility of eliminating annual payments altogether.

Currently, there are approximately 19 lakh property tax assessments in Greater Hyderabad, including 12 lakh residential and 7 lakh commercial properties. However, over 2 lakh property owners have outstanding tax dues. For FY 2023-24, the GHMC registered ?1,917 crore in property tax revenue, up by ?257 crore from the previous year, and has set a target of ?2,400 crore for FY 2024-25, having collected ?1,190 crore as of mid-September.

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..