Home Urban Infrastructure News Realty News Over 1.4 lakh properties in merged villages in Pune civic body’s tax...

    Over 1.4 lakh properties in merged villages in Pune civic body’s tax net

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    PMC

    The PMC has already issued 30,000 tax bills to property owners in these villages in the first phase. “The bills are based on evaluation reports submitted by the officials from the civic administration,” property tax department head Vilas Kanade said.

    The 11 villages were merged in the PMC limits in 2017. After the merger, the total number of properties in the PMC has increased up to 10 lakh.

    Property tax collection is based on the annual rateable value (ARV). The target for the 2018-19 is Rs1,810 crore. The civic body expects to generate Rs20 crore from property tax collected from the merged villages.

    The civic body is checking documents like electricity bills and voter ID cards for the registration of the properties instead of sale deeds, officials said.

    “The revenue generated from these villages will be used to develop infrastructure in the newly merged areas. The PMC has to construct several projects related to roads, water supply and sewage lines,” a senior official of PMC said.

    Info- https://realty.economictimes

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