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Chennai civic body aims for Rs 300 crore property tax boost with reassessment

Dated on: Saturday 8th April 2023

Any city resident who is engaging in unlawful construction in violation of building plans may soon have a corporate official knocking on his or her door. Greater Chennai Corporation intends to reassess 2.79 lakh underassessed properties, bringing them into the tax fold and increasing its property tax collection by 300 crore per year. The assessment job has been contracted out to Prime Meridian Surveys Private Limited, Arasu Associates, and Arul Nambi Engineering Consultants, and the civic authority will review under-assessed houses with its own tax assessors. The corporation intends to complete the work in the next nine months, with a budget of 5 crore.

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