Summary:
more-inStating that a 40 to 50 % increase in property tax is imposed, Visakhapatnam Apartment Residents’ Welfare Association (VARWA) has opposed the move in the absence of an elected body terming it ‘undemocratic’. While bank interest rates were reduced drastically after demonetisation the GVMC penalty on late payment of property tax continued to be 24 per cent, he said. Mr.
Ganesh said a fresh unauthorised construction penalty was being levied making it a recurring tax component. The property tax increased was a revision for assessments numbers already given earlier on submission of documents and asking for them again was not justified, the VARWA leaders told a press conference here on Monday. Mr.
Kumar though general, water, conservancy, lighting, education and library cess formed a percentage of annual rental value library cess was being levied separately..