Due to Covid-19, the municipal body’s revenue drops from 928 crore in 2019-20 to 471.6 crore in 2020-21. The company has asked those residents who haven’t yet submitted their tax payments to do so immediately.
Greater Chennai Corporation tax revenue increased to 1,408.9 crore in the current fiscal year, a doubling from the previous fiscal year’s total of 778 crore. The municipal government has set a goal of Rs 1,500 crore with just one week left until the conclusion of the fiscal year. Due to Covid-19, the municipal body’s revenue drops from 928 crore in 2019-20 to 471.6 crore in 2020-21. The company has asked those residents who haven’t yet submitted their tax payments to do so immediately. Only 8.85 million people out of a total of 13.33 million assesses have paid their property tax. Officials said that as the fiscal year winds down, some 8,000 people have been paying their property tax each day for the past week.
The Chennai Corporation now accepts property tax payments online from its citizens. Buildings whose owners have not paid their property taxes for a long time may soon have signs posted at their doorways, according to officials. The city council released a list of the top one hundred property tax defaulters on Saturday. R R Info Park, one company, had overdue payments of 10.8 crore, and Hackbridge, another company, had overdue payments of 2.13 crore. The total owed by the other four defaulters amounted to a crore. Similarly, the company has publicized a list of one hundred pending property tax complaints. The company said it was involved in legal battles with multiple entities, including Indian real estate companies and limited liability corporations owed a total of 8 crore. The list includes, but is not limited to, the Sri Ramachandra Trust, the South Indian Film Chamber, the Brinda Theatre, and the AM Jain College. Authorities also promised to deploy tax collectors directly to people’s homes.