Tuesday, 2 April 2013

Hyderabad to witness steep hike in property tax

 Viswa Mandalapu Property News
The stage is set for steep hike in property tax, both residential and commercial properties using civic authorities planning to problem any draw up notification on the recommended costs in twelfth Nov, per day just before Diwali.

The draft notice would be given in a few days welcoming objections and ideas coming from individuals in fourteen days moment. Following remaining notice, home owners might have to ugg upwards additional house place a burden on, largely for that 2nd 1 / 2 of 4 seasons (October-March). In the event the prices usually are approved from the firm, the actual lowest house place a burden on for residential properties would be fixed at minimum Rs 0.90 per square feet (sft) and maximum Rs 5.

As an illustration, some sort of homeowner of Madhapur region, who have been recently forking over Rs 0. 93 for each sft seeing that home tax, may have to fork out Rs four. Summer  after the walk. Masters of houses within  bylanes, who've been forking over Rs 0. 84, might have to fork out Rs 3. 30  for each sft. In the same manner, residents of Jubilee Slopes and Banjara Slopes, who've been forking over Rs 1. 30 till right now, would have to fork out Rs 5 for each sft. Similarly, proprietors of properties within bylanes must fork out Rs four against the recent Rs 1. 10 for  each sft.
source: http://content.magicbricks.com