Chennai Corporation struggles with delays in building reassessment

19 Oct 2023 CW Team

Six years have passed since the launch of the Greater Chennai Corporation's geographic information system-based building reassessment initiative, but nearly 80% of the buildings with deviations are yet to be reassessed.

Darashaw and Company, appointed by GCC, identified 3,10,139 buildings with deviations for reassessment and re-measurement. However, only 60,000 buildings have been remeasured, and among these, only 30,000 have been reassessed and included in the property tax calculations.

This delay has resulted in a significant revenue loss for the corporation, estimated at Rs 2.5 to 3 billion, constituting about 20% of its annual property tax revenue. Revenue officials attribute the delay to the diversion of the workforce to other tasks such as Covid-19 response, elections, monsoon preparations, and welfare schemes like the ?Kalaignar Magalir Urimai Thogai? drive.

According to an unnamed revenue official, the assessment process involves thorough inspections, measurements, correlation with GIS mapping, and finalisation of deviations, with potential legal challenges from property owners further complicating the process. K Dhanasekaran, the standing committee chairman of the accounts department, highlighted that universities, marriage halls, and commercial buildings were the major violators. He emphasised the need for a dedicated survey team independent of the regular GCC workforce to expedite the reassessment process.

Dhanasekaran urged the corporation to establish a specialised team for building surveys and emphasised the importance of the commissioner reviewing the under-assessed buildings zone-wise to accelerate the reassessment drive. Deputy Commissioner (Revenue and Finance) R Lalitha assured that the drive would resume soon, with a commitment to reviewing and expediting the pending works.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..