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Which all areas in Delhi Ncr are better for Investment?, Investment Advice, Delhi

Real Estate Forum - Investment Advice - Delhi - Which all areas in Delhi Ncr are better for Investment?
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Bruhat Bangalore Mahanagara Palike allotted ID number for every property

Bruhat Bangalore Mahanagara Palike allotted ID number for every property | Realty News | Scoop.it

Bruhat Bangalore Mahanagara Palike (BBMP) has allotted ID number for every property in the city. Property Identification Numbers (PID) has made the work of estimating and collecting property tax in the city very swift and trouble-free. Presently, the PIDs are all fixed at nine digits in three parts – ward number, street number and property number. The number of digits might be altered depending on field surveys. You can get your PID number on the BBMP website and can get information on your property details. Geographical Information System (GIS) has proven to be an effective tool for analysing and displaying thematic maps of all the roads for proper evaluation and correction of zones. GIS can also be used to locate additional land area from which additional tax revenues can be generated. The Bruhat Bangalore Mahanagara Palike (BBMP) has decided to act tough to property owners who haven’t paid property tax from the last two years. BBMP will soon serve notice to defaulting property owners. The defaulting property owners must pay their dues within time limit given in notice. Failing to pay property tax will end in attaching the property. BBMP will also attach movable articles of defaulting property owners. If the property is rented, BBMP will directly collect rent of property from the tenants. The property tax defaulters for the year 2010-11 will be levied two percent as penalty for every month starting from December 1, 2010. Attaching properties and articles of defaulters is only for tax defaulters for years 2008-09 and 2009-10. The 2010-11 defaulters will be levied two per cent of penalty for every month. Property tax for 2010-11 can also be paid online but property owners must have details of previous year property tax. Application number of previous year is the key to access the online payment. Additional revenue will soon be generated by enumerating unassessed properties, curbing defaults, regularizing the existing properties and rationalizing the tax rates. GIS has proven to be an effective tool for proper evaluation and correction of zones. GIS can also be used to locate additional land area from which additional tax revenues can be generated. This is brought about by assigning the land use code for the various properties, analyzing the land use patterns and identifying additional land to be developed. Times Property

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