April 25, 2024: The Greater Chennai Corporation (GCC), through its social media channels, has urged Chennai residents to pay their property taxes for the first half of 2024-25 before April 30, 2024, and avail of a 5% incentive.
The GCC, in a post on X, asked the residents to access its online portal at https://chennaicorporation.gov.in/gcc/online-payment/property-tax/property-tax-online-payment/ for the purpose of property tax payment.
The taxpayer must enter their details and click on pay tax. The user can choose their preferred payment gateway and proceed to pay their property tax online.
Property owners in Chennai can also scan the QR code given in their property tax bill sent via post and complete the digital payment.
Click to read details about Chennai property tax payment
According to a TOI report, the GCC collects property tax from around 13 lakh houses and aims to increase its target this time. In 2023-24, it collected Rs 2,218 crore as property and professional taxes. Of the total revenue collected last financial year, Rs 1,642 crore came from professional tax. Property tax collection rose by Rs 86 crore last financial year as compared to the previous year when GCC collected Rs 1,556 crore. Professional tax increased by Rs 38 crore, as against Rs 529 crore in 2022-23.
As mentioned in the report, revenue authorities said they have assessed 30% of under-assessed buildings through GIS survey. The authority expects to complete the remaining part this year, an official said.
Harini is a content management professional with over 12 years of experience. She has contributed articles for various domains, including real estate, finance, health and travel insurance and e-governance. She has in-depth experience in writing well-researched articles on property trends, infrastructure, taxation, real estate projects and related topics. A Bachelor of Science with Honours in Physics, Harini prefers reading motivational books and keeping abreast of the latest developments in the real estate sector.
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