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

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement