Kumari Palany & Co

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Property tax may go up

Posted on: 24/Oct/2014 9:58:53 AM
Following complaints from residents pertaining to anomalies and inconsistencies in the base rates, the civic body is planning to request the State government to amend the Chennai City Municipal Corporation Act to revise the property tax every year based on current guideline values.

The civic body continues to calculate property tax, based on the annual rental value of a property and on base rates fixed 16 years ago.
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