By 1 2 1 News Reporte
Chandigarh, 04th July:-- The Chandigarh Administration has decided to impose the property tax on residential lands and buildings at the rate of Re. 1 (rupee one only) per square yard for the Assessment year 2013-14 except for any house having plot area less than 125 Sq. yds., EWS or LIG category and in the villages falling within the limits of the Municipal Corporation Chandigarh.
The exemption shall not be available to the flats/dwelling units constructed by the cooperative house building societies and the Chandigarh Housing Board etc. as the area of the entire land will be taken as a single unit and thereafter tax will be divided against the individual flat/dwelling units etc. depending upon their respective area.
The Government lands and buildings shall be exempted from making payment of tax so imposed, but such lands and buildings shall be liable to make payment of service charges at the rate of Rs. 0.75 (paise seventy five only) per square yard. The property tax shall for the time being and the same shall be collected and assessed as per the bye-laws notified on 03.06.2003. However, the calculation of tax shall be at the aforesaid rate. A notification to this effect has been issued.
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