+
Pune civic body proposal to increase property tax on approval
Real Estate

Pune civic body proposal to increase property tax on approval

The Pune Municipal Corporation (PMC) prepared a fresh proposal that will raise the property taxes by 35-40% for the residents of the 23 newly included villages, on the lines of the earlier 11 merged villages, if approved.

Around 1,90,000 properties are registered under the gram panchayats in the 23 villages, which gave all the bank account and data custody to the PMC after the announcement of the merger on June 30.

The given proposal of PMC recommends a new tax structure with separate categories. The first suggestion is unauthorised residential properties post-2019 which are below 1,000 sq ft (owners will have to pay as per the total tax value) and above 1,000 sq ft properties, where the owners will have to pay 1.5 times the tax value.

The second suggestion is residential properties with authorised construction, which will be charged as per the ready reckoner rate (RR) of the closest residential property in the PMC limit. If the proposed plan is sanctioned, the residents of these will have to pay more property tax.

The gram panchayat has been assessing the general water tax, health and public electricity usage tax, general tax and special water tax on the area built from these properties.

After being included in the limits of PMC, the same properties will be charged according to the RR of the site within the adjoining municipal limits.

The new taxes are going to include general tax, cleaning tax, tree conservation tax, water drainage benefit tax, special cleaning tax, employment guarantee tax, municipal tax, water bill, fire tax, water benefit tax, road tax, education sub-tax and state government's education tax, and large residential land tax.

Nilesh Padhale, a Mahalunge resident and businessman, told the media that the PMC must consider the new tax regime only after providing basic amenities to the residents.

The director of the Wagholi Housing Societies Association, Nitin Kumar Jain, told the media that the residents of Wagholi are more or less aware of the new property structure and that everyone knows there is going to be a significant difference in property tax between the PMC and the gram panchayats.

He said that they have no issues with it, as long as the garbage in the area is picked up and they get water, streetlights, roads and other infrastructural services that are expected from a civic body. He said that it must not happen that they pay more taxes and continue to live at a gram panchayat level infrastructure.

Image Source


Also read: Ahmedabad Municipal Corporation extends property tax deadline

Also read: Nashik Municipal Corp to bring new properties under tax

The Pune Municipal Corporation (PMC) prepared a fresh proposal that will raise the property taxes by 35-40% for the residents of the 23 newly included villages, on the lines of the earlier 11 merged villages, if approved. Around 1,90,000 properties are registered under the gram panchayats in the 23 villages, which gave all the bank account and data custody to the PMC after the announcement of the merger on June 30. The given proposal of PMC recommends a new tax structure with separate categories. The first suggestion is unauthorised residential properties post-2019 which are below 1,000 sq ft (owners will have to pay as per the total tax value) and above 1,000 sq ft properties, where the owners will have to pay 1.5 times the tax value. The second suggestion is residential properties with authorised construction, which will be charged as per the ready reckoner rate (RR) of the closest residential property in the PMC limit. If the proposed plan is sanctioned, the residents of these will have to pay more property tax. The gram panchayat has been assessing the general water tax, health and public electricity usage tax, general tax and special water tax on the area built from these properties. After being included in the limits of PMC, the same properties will be charged according to the RR of the site within the adjoining municipal limits. The new taxes are going to include general tax, cleaning tax, tree conservation tax, water drainage benefit tax, special cleaning tax, employment guarantee tax, municipal tax, water bill, fire tax, water benefit tax, road tax, education sub-tax and state government's education tax, and large residential land tax. Nilesh Padhale, a Mahalunge resident and businessman, told the media that the PMC must consider the new tax regime only after providing basic amenities to the residents. The director of the Wagholi Housing Societies Association, Nitin Kumar Jain, told the media that the residents of Wagholi are more or less aware of the new property structure and that everyone knows there is going to be a significant difference in property tax between the PMC and the gram panchayats. He said that they have no issues with it, as long as the garbage in the area is picked up and they get water, streetlights, roads and other infrastructural services that are expected from a civic body. He said that it must not happen that they pay more taxes and continue to live at a gram panchayat level infrastructure. Image Source Also read: Ahmedabad Municipal Corporation extends property tax deadline Also read: Nashik Municipal Corp to bring new properties under tax

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code