Saturday, March 7, 2009

Guardian Minister Ganesh Naik solicits co –operation from citizens to pay additional tax for using additional FSI.

Thane guardian minister, Ganesh Naik has brought some respite to the property holders in the city by ordering a stay on the notices issued by municipal commissioner Vijay Nahata to pay up additional property tax to those utilizing additional floor space index (FSI), permitted by CIDCO.
Speaking at the specially convened press meet at CIDCO guest house, Naik Said Municipal Commissioner Nahata has issued notices regarding the payment of additional property tax to property holders within the NMMC jurisdiction, Comprising residential, Commercial and Industrial users, Who have been using additional FSI, Nahata issued the order since it was mandatory as per resolution passed in the general body meeting.”
Naik further assured, “The tax payers will not be burdened with the additional property tax and for that purpose, the NMMC administration has been asked to prepare a revised and rectified proposal, which should be approved in the general body meeting. Meanwhile, it is justified that those using additional FSI, pay the additional FSI, pay the additional Property tax. For example, if someone has a 500 square Feet Flat and are paying Rs.50 as property tax. If they utilize an additional FSI of 100 sq ft. it is mandatory for them to pay an additional property tax of Rs 10 as per the rate able Value.”
Meanwhile, Naik has assured during the elections that there will be no increase in property tax for the coming 20 Years. Now, Since NMMC has increased the rateable value and served notices to the additional FSI users to pay up additional property tax, the citizens are perplexed about NMMC’s Decision.
Naik had urged the citizens to co-operate by paying additional property tax for using additional FSI, which he says is mandatory. Naik even asked the NMMC to levy the old rate able value of the property on those who have reconstructed old and dilapidated buildings and have utilized the same area. He even advised the citizens that those who have built additional FSI and have not obtained the Mandatory Occupancy Certificate and/or Commencement Certificate; they should obtain it at the earliest and fulfill the legal terms for making their constructions authorized.

1 comment:

saket said...

The NMMC has arbitrarily increased the property tax to levels which are unimaginable. Sample this:- if you take a rented premises for a restaurant, the property tax on it would be 68% of the 90% of the rent value. If you are paying Rs.1 lac as rent per month, the property tax would be Rs.61,200/- per month, which makes the business unviable. Imagine it, you are paying more than 50% of your rent as property tax, is it justified? would any business survive these kind of tax structures?