Secunderabad Cantonment Board to raise revenue by taxing buildings
Real Estate

Secunderabad Cantonment Board to raise revenue by taxing buildings

The Secunderabad Cantonment Board (SCB) plans to increase revenue by taxing 1,200-1,500 buildings that have come up recently.

The SCB tax wing has taken up a marathon exercise in the last five months to assess property tax on existing or new buildings.

According to an SCB tax official, during the assessment of buildings, the residential properties outnumber commercial ones in SCB. From eight SCB wards, the Board found new residential buildings in six, mostly in Mahendra Hills, Trimulgherry, Bowenpally, and Bolarum.

Deputy CEO of SCB, Vijaykumar Balan Nair, said that the Board had earned Rs 26 crore in FY21 and expected Rs 30 crore this year.

Overall, there are 15,000 to 20,000 properties, including residential and commercial properties, and demand notices have been served wherever applicable.

Nair told the media that the property owners have to pay their taxes by 31 March 3. After the date, notices would be served, and a fine of Rs 100 per month, with 1% on the total outstanding tax, will have to be paid for the delay. Officials of the Board will seal the property owing taxes after a final notice period of 30 days.

Image Source

Also read: GMC eyes Rs 80 crore more revenue via property tax

The Secunderabad Cantonment Board (SCB) plans to increase revenue by taxing 1,200-1,500 buildings that have come up recently. The SCB tax wing has taken up a marathon exercise in the last five months to assess property tax on existing or new buildings. According to an SCB tax official, during the assessment of buildings, the residential properties outnumber commercial ones in SCB. From eight SCB wards, the Board found new residential buildings in six, mostly in Mahendra Hills, Trimulgherry, Bowenpally, and Bolarum. Deputy CEO of SCB, Vijaykumar Balan Nair, said that the Board had earned Rs 26 crore in FY21 and expected Rs 30 crore this year. Overall, there are 15,000 to 20,000 properties, including residential and commercial properties, and demand notices have been served wherever applicable. Nair told the media that the property owners have to pay their taxes by 31 March 3. After the date, notices would be served, and a fine of Rs 100 per month, with 1% on the total outstanding tax, will have to be paid for the delay. Officials of the Board will seal the property owing taxes after a final notice period of 30 days. Image Source Also read: GMC eyes Rs 80 crore more revenue via property tax

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code