Chennai Corporation’s property tax collection crosses ₹1,500 crore
The Hindu
The Greater Chennai Corporation registered a steep increase in property tax collection on March 31, with collection touching ₹50 crore for the first time on a single day
The Greater Chennai Corporation registered a steep increase in property tax collection on March 31, with collection touching ₹50 crore for the first time on a single day.
On Thursday, the Corporation collected a property tax of only ₹11.4 crore. According to data compiled at 8 p.m. on Friday, which was the last date to pay property tax without fine, the collection was ₹52.32 crore in the 15 zones of the Corporation. Usually, the collection of property tax in Chennai is only around ₹5 crore a day.
As the property tax collection has crossed ₹50 crore on a single day on March 31, the total collection is expected to be more than ₹1,500 during the period from April 1, 2022 to March 31, 2023, officials said.
Royapuram zone, which has a large number of commercial properties, registered the highest collection of ₹10 crore property tax on March 31.
Teynampet zone collected ₹9.48 crore on Friday, Kodambakkam ₹4.92 crore, Adyar ₹4.36 crore, Alandur ₹3.47 crore, Ambattur ₹3.29 crore, Anna Nagar ₹3.17 crore, Sholinganallur ₹2.55 crore, Perungudi ₹2.28 crore and Valasaravakkam ₹2.27 crore on March 31. North Chennai zones of Tondiarpet, Madhavaram and Manali collected less than ₹1 crore on Friday.
Tirivottiyur and Thiru. Vi. Ka. Nagar collected more than ₹1 crore on the same day. At least 15,000 bills were generated on March 31 as against the daily average of 6,000 bills.
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