When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
To enhance its financial stability, the Guntur Municipal Corporation (GMC) has initiated efforts to bring more households under the tax net. Ward secretaries have been instructed to identify unassessed properties and reassess under-taxed structures. Commissioner Puli Srinivasulu emphasised that the existing revenue is insufficient to meet the city's growing developmental demands. Special teams have been formed to expedite the tax assessment process, ensuring newly constructed buildings are taxed without delays. Additionally, officials have been warned against corrupt practices, with stringent measures in place to prevent undue delays and irregularities in property tax assessments.
In an effort to reinforce its financial foundation, the Guntur Municipal Corporation (GMC) has turned its attention to expanding the property tax net by incorporating more households.
Ward secretaries have been directed to identify properties that have not been assessed for taxation, as well as those that have been under-assessed, to ensure accurate taxation. GMC Commissioner Puli Srinivasulu stated that the current revenue generated by the civic body might not be adequate for the growing needs of Guntur, especially with increasing demands from residents and public representatives for new development projects. He urged deputy commissioners to explore innovative revenue-generating methods.
During a recent field visit, the commissioner observed that numerous residential and commercial properties had not been subjected to property tax. To address this, he formed special teams to promptly complete the tax assessment process. Ward administrative secretaries, along with revenue wing staff, have been instructed to conduct field visits and submit a detailed report on unassessed and under-assessed properties within two weeks.
Initially, officials will focus on identifying unassessed buildings and bringing them into the tax system. Given the rapid construction activity in the city, field officers have resolved to impose property tax on all new and upcoming structures without delay. Previously, building owners were required to submit an application at the local ward secretariat to initiate property tax assessment. The process typically took around six months for revenue officials to visit the site and complete the evaluation. Additionally, property owners often had to pay substantial bribes to expedite the assessment, with officials demanding high sums in exchange for lowering tax liabilities.
Considering these past malpractices, Commissioner Srinivasulu has issued strict warnings to revenue staff, stating that any delay in completing tax assessments would result in immediate suspension. He also directed officials to identify properties that are paying less tax than they should. He asserted that GMC had suffered significant losses due to under-assessment in the past and assured that a rigorous scrutiny of properties would be conducted to rectify such discrepancies. The commissioner stressed that tax assessments would be based on approved building plans, ensuring that the total plinth area is accurately considered to impose a realistic property tax.
The GMC's latest initiative aims to address financial shortfalls by widening the property tax net and curbing irregularities in tax assessments. These efforts are expected to provide GMC with the necessary financial resources to support Guntur's infrastructural growth and development in the coming years.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023