Tamil Nadu offers extension of three months on payment of property tax

Amidst the corona virus lockdown, Chief Minister of Tamil Nadu Edappadi K. Palaniswami extended the deadline for several loans and other payments to be paid appropriately by a quarter.

Chennai: To provide relief amid the COVID-19 lockdown, Tamil Nadu Chief Minister Edappadi K. Palaniswami noted in his address that property tax payments, water charges, agricultural loan installment to cooperatives, housing loan installment to cooperatives, Tamil Nadu Housing Board, Loan fisheries and hand loom cooperative society’s installments can be postponed by 3 months.

The government has also offered to extend the deadline for loan repayment to Tamil Nadu Industrial InvestmentCorporation (TIIC) and from StateIndustries Promotion Corporation of Tamil Nadu Limited (SIPCOT) then payment of maintenance expenses to units working in SIPCOT industrial undertakings.

According to Edappadi K. Palaniswami, a separate fund of INR 200 crore will be activated to finance the urgent requirements to run micro, small and medium sized units.

The extension also includes renewal of driving license and period of obtaining fitness certificate for vehicles till June 30, 2020.

NDMC: Linked to more than 400 properties of property tax evaders

NDMC has attached more than 400 properties from property tax thieves with effect from 1 April 2019. It attached 125 properties in 12 days which included Rs 1090.55 lakhs. It has opened its property tax offices on all Saturdays except gazetted holidays.

New Delhi Municipal Corporation (NDMC) has attached more than 400 properties to property tax evaders from 27 April to 1 April 2019. The NDMC said these assets comprise a total of Rs 2775.42 lakh.

However, out of 416, 82 properties have been de-attached, as NDMC realized Rs 367.60 lakh from these assets.

According to the civic body,

The North Delhi Municipal Corporation attached 125 properties in 12 days, including an amount of Rs 1090.55 lakh, while 28 properties were issued an amount of Rs 262.04 lakh.

In April 2018, the North Delhi Municipal Corporation attached 648 bank accounts and 670 properties for non-payment of property tax from 1 April to 31 October 2018.

For NMCD, property tax is an important source of funds. It is the responsibility of the owner / owner of the property to self-assess the property tax of his property and submit it to the Municipal Corporation within the due date. But many property owners / occupiers are not doing this, so NDMC has to keep their property or bank account in one place. As per the rules, a property tax defaulter has to pay penalty and interest along with the due tax.

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