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Property Tax? Chennai Corporation is the oldest Municipal Corporation in India established in 1688 that assesses Chennai Property tax. Property tax is revised once in every five years and levied on immovable property including land and building. Taking the annual value of any building, the property tax assessment is done in Chennai and the commissioner determines this annual value. Earlier water and sewerage tax was included under the property tax in Chennai as there was no separate board for water and sewerage. But with the formation of Chennai Metropolitan Water Supply and Sewerage Board these taxes are paid separately and are about 30% of the property tax in Chennai. Few years back the property assessment was done completely by the assessing authority but now for the same purpose basic rate per sq feet of the build up covered area is provided. This build up area is called plinth. Then property tax for each property is calculated, which is based on the basic rate. In past property tax was calculated by taking into account the land value separately. But this used to cause very large amount of tax. To reduce this burden of paying huge amount, Corporation has come up with the idea of taking land value as 10 per cent of the annual rental value of the building. Chennai Corporation has made an online website that has every information pertaining to property tax in the city. It has got the option for Property Tax Calculator, property tax status and property tax online payment. As a result of this everyone can calculate property tax in an easy way. After assessing property tax, demand notice is issued to the taxpayer in order to make payment. Now if you find the assessment is not right then you can make Property tax appeal before the Taxation Appeals Committee in cities. If this committee rejects your appeal then you can further present it before the City Civil Court in Chennai. Whereas in Municipalities you can directly go to the commissioner for the appeal, in case of rejection here present your appeal before the Municipal Council and further to the District Court. There are many types of property which are exempted from property tax in Chennai as any property used for educational purposes along with hostel, school for deaf and dumb, old people's home, orphans and homes for animals. Property tax due dates are prescribed by the Chennai Corporation. Property tax bills contain the information and determine the fairness of assessment. Tax Payment Property tax is due for payment every six months. You can pay your property tax online through the line provided below. You can pay the tax at Divisional Office - Ward 153 Velachery Main Road Velachery
Tax Calculator Online Payment Tax status To assess the property tax, the following documents has to be produced - Title deed
- Approved Plan copy
- Copy of Receipt of Tax last paid
- a NOC From the owner of the Land (For lease Lands)
In case of any appeal, the owner can appeal regarding the tax assessment to the officer mentioned below. After hearing by Tribunal Final order will be Passed. Chairman, Taxation Appeal Tribunal, Corporation of Chennai.
To transfer the name on the property tax records, application should be submitted Within 3 Months from The date of Registration And within 12 months from the date of obtaining legal heirship Certificate failing which a minimum fine of Rs.50/- will be charged. Name Transfer Will be Completed Within 15 days. If any Delay, Appeal may be Made to the Officer Concerned. Revenue Officer, Corporation of Chennai
Source : Chennai Corporation
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