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Tamil Nadu Property Tax Revised
July 29 , 2018
2311 days
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- Tamil Nadu Government has again reduced the property tax on 26th July 2018 for Rented residential buildings from 100% to ‘not more than 50%’ in Urban local bodies - after the request from the public.
- However, the 50% hike in property tax rates for other residential buildings and the 100% increase for non-residential buildings remains unchanged.
- The new rates will be effective from the half-year period of April-September 2018.
- The new tax rate structure applicable to The Greater Chennai corporation, 11 other Municipal Corporation, 124 municipalities and 528 town panchayats
- The last time in Chennai when the property tax was revised in 1998.
- The last time for all other urban local bodies, except Chennai, has seen the revision in property tax was in 2008.
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