Salem Municipal Corp. offers Property Tax Incentive

03 Oct 2023 CW Team

Salem Municipal Corporation (SMC) is encouraging property taxpayers with a new incentive. SMC Commissioner S Balachander has announced that individuals who pay their property taxes on or before October 31 will be eligible for a discount of either Rs 5,000 or 5% off their tax bill, depending on which amount is greater.

This means that if a property owner's tax liability exceeds Rs 0.1 million, they will receive a flat Rs 5,000 deduction from their tax amount. On the other hand, if their property tax is less than Rs 0.1 million, they will enjoy a 5% discount on the total tax bill.

The move is part of SMC's efforts to streamline property tax collection for the second half of the 2023-24 fiscal year. The state government has recently announced this attractive incentive, hoping to motivate taxpayers to settle their dues promptly. This approach not only benefits the municipality by improving tax collection efficiency but also provides property owners with a financial advantage when they fulfil their tax obligations in a timely manner. So, Salem residents have a valuable opportunity to reduce their property tax burden by taking advantage of this offer before the October 31 deadline.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..