TN Govt claims hike inevitable to provide civic amenities, to comply with centre's norms and to get grants. This hike is a further burden on an already battered economic environment due to consistent fuel price hikes and raw material hikes.
Tn Govt Increases Property Taxes Between 25% and 150%.
TN Govt claims hike inevitable to provide civic amenities, to comply with centre's norms & to get grants.
In core Chennai:
Up by 50% for under 600 Sq Ft
Up by 75% for 600-1200 Sq Ft
100% increase for 1201-1800 Sq Ft
150% rise for 1800 Sq Ft & above
150% rise for Commercial buildings
100% increase for Industrial / Educational buildings
In areas that became part of Chennai city in 2011 & other corporations in TN:
25% increase for under 600 Sq Ft
75% up for 600-1200 Sq Ft
100% hike for 1200-1800 Sq Ft
150% up for 1800 Sq Ft plus
Up by 100% for Commercial buildings
75% for Industrial & Educational buildings
Municipalities & Town Panchayats:
Up by 25% for Residential construction under 600 Sq Ft
Up by 50% for 601-1200 Sq Ft
Up by 75% for 1201-1800 Sq Ft Residential buildings
100% increase for Residential buildings above 1800 Sq Ft
100% increase for Commercial buildings and 75% hike for Industrial & Educational institution buildings
TN Govt claims hike inevitable to provide civic amenities, to comply with centre's norms & to get grants.
In core Chennai:
Up by 50% for under 600 Sq Ft
Up by 75% for 600-1200 Sq Ft
100% increase for 1201-1800 Sq Ft
150% rise for 1800 Sq Ft & above
150% rise for Commercial buildings
100% increase for Industrial / Educational buildings
In areas that became part of Chennai city in 2011 & other corporations in TN:
25% increase for under 600 Sq Ft
75% up for 600-1200 Sq Ft
100% hike for 1200-1800 Sq Ft
150% up for 1800 Sq Ft plus
Up by 100% for Commercial buildings
75% for Industrial & Educational buildings
Municipalities & Town Panchayats:
Up by 25% for Residential construction under 600 Sq Ft
Up by 50% for 601-1200 Sq Ft
Up by 75% for 1201-1800 Sq Ft Residential buildings
100% increase for Residential buildings above 1800 Sq Ft
100% increase for Commercial buildings and 75% hike for Industrial & Educational institution buildings