veetu vari rasithu online download peruvathu eppadi tamil and kattuvathu eppadi for Chennai madurai salem trichy tamil nadu chengalpattu thanjavur dindigul erode tirunelveli - Tax levied on the lands and building of an area is called property tax. It is imposed and collected by the local government or municipal corporation of the area. it is also known by the names real estate, house tax, property tax is a direct tax because it is directly paid by the owner of the property to the municipal corporation / local government.
Property tax is levied on all tangible assets owned by an individual including house, land office building. Only owners are liable to pay the property tax so a tenant should not be made liable to pay the tax. Factors that determines the amount to be paid as tax are the size of the land, location of the property, gender of the owner, age of the owner ( discount for senior citizen ).
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Tax to be paid is determined by whether the property is under construction or not. Educational institutions and organizational land owned by individual who were past of the defense services, land owned by disabled individuals or senior citizens, agricultural lands are exempted from paying property tax property tax is paid either annually or semi - annually. If an individual delays in paying the tax, respective authorities have the right to impose penalties or non - payment of tax individual who fail to pay the tax with attract 2 % interest on the amount due.
The main purpose for collecting tax is for the maintenance and upkeep of the ares infrastructure, roads, street lights, sewage system, parks etc. Property tax is calculated in the ways:-
1. Capital value system
2. Annual rental value system
3. Unit area value system
Capital value system
Tax is assess based on the market value of the property. This system is followed by Mumbai the market value is determined by the government baaed on the locality of the property.
Annual rental value
This tax is calculated based on the rental value of the property. The rental value is determined by the municipal authority by taking into account the size, place of the property.
Unit area value system
Tax id levied on the per unit price of the area if the land. This system is followed by Kolkata , Patna, Hyderabad, Delhi, etc. Property tax can be paid in the municipality office or in a bank in affiliation with municipality corporation payment of property tax is made easy because of the internet, property tax can be paid online through the municipality website.
District wise list for Panchayat
1. Ariyalur
a. Alagapuram
b. Andimadam
c. Anikuthichan
d. Ayyur
e. Devanur
f. Edayakurichy
g. Elaiyur
h. Kattathur
i. Kavarapalayam
j. Kodukkur
k. Kolathur
l. Koovathur
m. kovilvalkkai
n. Kuvagam
o. Marudur
p. Nagambandal
q. Olaiyur
r. Periyakarukkai
s. Periyakrishnapuram
t. Periyathukurichy
u. Pudukudi
v. Rangiyam
w. Silambur
x. Thirukalappur
y. Vallam
z. Variyankaval, Vilandai, Viludhudaiyan.