Visakhapatnam civic authority gets 9,297 objections on property tax
Real Estate

Visakhapatnam civic authority gets 9,297 objections on property tax

The Greater Visakhapatnam Municipal Corporation (GVMC) received 9,297 objections and suggestions in response to the notification issued to improve the property tax structure.

On June 4, the GVMC issued the notification and gave the people 30 days to present their suggestions and objections.The new tax structure will be applicable from April 2021.

GVMC proposed a property tax of 0.15% on market value of residential buildings, 0.3% on non-residential/commercial buildings, and 0.5% on the vacant lands.

GVMC had announced that the public can drop objections and opinions in a written format on the revised tax regime at a special postal box at the GVMC main office or email at revenuegvmc@gmail.com.

Residential welfare associations, opposition parties, and other organisations are objecting to the offered hike.

The Greater Visakhapatnam Municipal Corporation (GVMC) is the civic body that controls the city of Visakhapatnam, the largest city and the executive capital of Andhra Pradesh. It is also a part of the planning group of the Visakhapatnam Metropolitan Region Development Authority.

Image Source


Also read: North Delhi civic authority extends property tax submission deadline

Also read: BMC plans to increase property tax rates by 14%

The Greater Visakhapatnam Municipal Corporation (GVMC) received 9,297 objections and suggestions in response to the notification issued to improve the property tax structure. On June 4, the GVMC issued the notification and gave the people 30 days to present their suggestions and objections.The new tax structure will be applicable from April 2021. GVMC proposed a property tax of 0.15% on market value of residential buildings, 0.3% on non-residential/commercial buildings, and 0.5% on the vacant lands. GVMC had announced that the public can drop objections and opinions in a written format on the revised tax regime at a special postal box at the GVMC main office or email at revenuegvmc@gmail.com. Residential welfare associations, opposition parties, and other organisations are objecting to the offered hike. The Greater Visakhapatnam Municipal Corporation (GVMC) is the civic body that controls the city of Visakhapatnam, the largest city and the executive capital of Andhra Pradesh. It is also a part of the planning group of the Visakhapatnam Metropolitan Region Development Authority. Image Source Also read: North Delhi civic authority extends property tax submission deadline Also read: BMC plans to increase property tax rates by 14%

Next Story
Equipment

Mecbo America Launches Scorpion Concrete Crawler Boom

Mecbo America, a division of Blastcrete Equipment LLC, brings a new product to its lineup: the Scorpion Concrete Crawler Boom. The Scorpion provides contractors working in piling, drilling, tunneling or commercial construction with a flexible arm for placing concrete where needed without disrupting the jobsite. It is an economical enhancement for contractors who have a concrete pump but need an effective way to deftly move material to spots that are difficult or unsafe to reach using other methods. “As concrete contractors grow and the scope of their work changes, many recognize the need fo..

Next Story
Real Estate

Cluster Redevelopment and Affordable Housing to shape Mumbai’s Future

The Government of Maharashtra is accelerating efforts to expand affordable housing, with a focus on large-scale development under the MMR Growth Hub Project. As part of this initiative, the Maharashtra Housing and Area Development Authority (MHADA) will construct eight lakh homes by 2030, in alignment with NITI Aayog’s recommendations. This announcement was made today by Deputy Chief Minister and Housing Minister Eknath Shinde, who emphasized the government’s commitment to providing high-quality, affordable homes to citizens. The computerised housing lottery, organised by the MHADA Konkan..

Next Story
Infrastructure Urban

Cummins Reports Strong Fourth Quarter

The Board of Directors of Cummins India Limited (CIL), at their meeting reviewed, and approved the unaudited financial results for the quarter and period ended December 31, 2024. Performance Highlights (based on standalone unaudited financial results) for the quarter ended December 31, 2024: - Total Sales for the quarter at Rs 30.41 billion higher by 22 per cent compared to the same quarter last year and higher by 24 per cent compared to the previous quarter. - Domestic sales at Rs 25.77 billion higher by 18 per cent compared to the same quarter last year and higher by 28 per cent compared t..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?