Rwas To Mobilise 1l Letters To Demand Uniform Property Tax, Real Estate News, ET RealEstate

July 11, 2023

HYDERABAD: Representatives of residents’ welfare associations (RWAs) in developing areas have given a call to raise one lakh memorandums demanding uniform property tax assessment system across Hyderabad.

At the heart of their latest move to escalate the matter is the disproportionate amount of property tax they pay compared to areas under the Greater Hyderabad Municipal Corporation (GHMC).

At a meeting held on Sunday, representatives of various RWAs decided to submit the memorandums to Municipal Administration and Urban Development (MAUD) minister KT Rama Rao. Around 750 gated communities in peripheral areas under municipalities such as Tellapur, Manikonda, Bandlaguda Jagir, Kokapet, Ameenpur and Khajaguda participated in meeting.

The members explained that the calculation of property taxes in urban local bodies (ULBs) lacks uniformity. They have been demanding uniform property tax assessment based on annual rental value (ARV) system across Hyderabad. The GHMC follows the ARV system, which calculates property tax based on a fixed annual rent of the property. Most other urban local bodies around GHMC do not follow this system.

“This has been a perennial problem for us,” president of Manikonda RWA Sitaram Dhulipala told TOI. “We pay property tax three times more than those living in GHMC limits as we pay tax based on capital value (CV).”

Members noted that there isn’t any uniformity in CV assessments in various ULBs as well. In the CV system, ULBs use the market value of a property to calculate property tax. This market value is fixed by the stamp duty department of the area concerned.

“Apart from the capital value, in some of places they don’t collect uniform unit value charges, which is set at a fixed cost of 1,100 by the government. Some ULBs charge less, others charge more,” Sitaram said.

Tellapur Neighborhood Association (TeNA) president Ramana Eshwargiri said there is a disparity of property taxes within neighbourhoods. “It is surprising that some residents whose neighbour has the same plinth area pay different property taxes,” Ramana told TOI.

During the meeting, the RWAs also resolved to increase voter registration through various campaigns. RWAs also discussed about lakes protection and decided to push revenue department to survey the lakes and ascertain FTL area.

  • Published On Jul 11, 2023 at 11:00 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Source link

Abhay Singh

Web Developer

Leave a Comment