GHMC embarks on Operation Tsunami
After successfully implementing the 100-day action plan, GHMC has embarked on another mission ‘Operation Tsunami\', which aims to increase the property tax collection.
Hyderabad: After successfully implementing the 100-day action plan, GHMC has embarked on another mission ‘Operation Tsunami', which aims to increase the property tax collection.
The civic body through this mission decided to reassess and bring un-assessed properties into the tax net and increase property tax collection by another Rs 500 crore.
The GHMC on pilot basis targeted properties which pay property tax of Rs 1 lakh and above. The civic body has identified as many as 13,372 properties in this regard.
The civic body through this mission decides to reassess and bring un-assessed properties into the tax net and increase property tax collection by another Rs 500 crore
Of them, the Corporation already reassessed 6,607 properties and enhanced property tax from Rs 185 crore to Rs 200 crore. The civic body is planning to increase the property tax collection by at least Rs 200 crore through reassessment.
There are about 14.20 properties under the property tax net in the GHMC limits. Of them, the property tax of about 5.44 properties was decreased to Rs 101.
A senior GHMC revenue wing official told The Hans India that the Corporation with an aim to increase the property tax collection has decided to bring the un-assessed properties under tax net and reassess the under-assessed properties through a ground level mission called 'Operation Tsunami'.
He said that the GHMC decided to target property owners who pay property tax above Rs 1 lakh and reassess. The GHMC revenue official said that the Corporation constituted 82 teams in the east zone, 23 teams in south zone, 11 teams in central zone, 26 teams in west zone and 19 teams in the north zone.
After re-assessing the property to be paid increased to Rs 2.56 lakh in the Kapra circle, Rs 80,000 in east zone, Rs 69,000 in south zone, Rs 1 lakh in central zone, Rs 1.32 lakh in west zone and Rs 39 lakh in the north zone, he said.
The GHMC official further said that the civic body decided to enhance the property tax collection to another Rs 500 crore to meet the growing needs of the city and improve the quality of living.
By:Maddy Deekshith
