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VMC offer: Pay your tax early, get five percent rebate

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The New Indian Express     23.04.2017  

VMC offer: Pay your tax early, get five percent rebate


The VMC office in Vijayawada | Express

VIJAYAWADA: VMC deputy commissioner (Revenue) G Subba Rao has said that 5 percent tax rebate will be given to those paying the annual property tax for the year 2017-18 in advance by the end of April. Residents can pay the taxes through the VMC official website www.ourvmc.org.

Subba Rao on Saturday conducted a review meeting with the officials to discuss the course of action to be followed in augmenting the revenue from residents who are adamant to pay the taxes on time.

Speaking on the occasion, he directed the officials to address the complaints lodged by the residents through mobile application, online and ‘PuraSeva’app.

Residents can pay the property tax in advance online at the three circle offices in the city. The payment details will be updated on the VMC official website, he said.

He also called upon the residents to clear the tax dues at the earliest along with 2 per cent fine in case they failed to do so, their tap and drainage connections will be snapped.

 

BDA eyes Rs. 3,500 crore from betterment fees

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The Hindu       21.04.2017 

BDA eyes Rs. 3,500 crore from betterment fees

Will target land notified but later dropped during formation of Arkavathi and Nadaprabhu Kempegowda Layouts

A cash-strapped Bangalore Development Authority (BDA) is leaving no stone unturned in its quest to mobilise revenue. Betterment fee seems to be the latest buzzword among officials.

On Tuesday, the BDA board decided to levy a betterment fee on the land initially notified but later dropped during the formation of Arkavathi and Nadaprabhu Kempegowda Layouts. This is expected to yield over Rs. 3,500 crore.

The move comes even as the authority is moving fast to regularise over 3,000 acres of encroached BDA-notified land through which it hopes to mop up over Rs. 4,000 crore. Chief Minister Siddaramaiah had made an announcement in this regard in the run-up to the 2015 BBMP polls. Now, BDA has put up a note before the State cabinet. In this case, the betterment fee is yet to be fixed.

Betterment fee


The BDA has identified 2,262 acres dropped during formation of Arkavathi Layout. It has fixed a betterment fee of Rs. 336/sqft, which will yield Rs. 3,310.69 crore. This covers areas that were de-notified and dropped during the re-do scheme in July 2014; the issue is mired in controversy and legal disputes.

It has identified 610 acres dropped during the formation of Nadaprabhu Kempegowda Layout due to de-notification and legal disputes, for which a betterment fee of Rs. 73.65/sqft has been fixed. This is expected to yield Rs. 195.69 crore.

A senior land acquisition officer said that the betterment fee was fixed based on a formula devised by the BDA: it is a third of the hike in guidance value of the land from the value when it was initially notified. The land owners need to pay BDA the betterment fee when they seek a No Objection Certificate for conversion of land use or apply for a development plan. BDA will conduct an on-ground survey of these areas to identify parcels already developed and issue demand notices for betterment fee.

 

Supreme Court allows NDMC to e-auction Taj Mansingh

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The Hindu       21.04.2017 

Supreme Court allows NDMC to e-auction Taj Mansingh

Taj Mansingh Hotel on Thursday.R.V. Moorthy  

Hotel to get six months to wind up if Tatas lose bid

The Supreme Court on Thursday gave the green signal to the New Delhi Municipal Council (NDMC) to e-auction the Taj Mansingh Hotel.

A bench of Justices P.C. Ghose and Rohinton Nariman agreed with the NDMC’s argument that the first right of refusal is in-built in the very process of e-auction as the highest offer is open before bidders.

This way, the NDMC convinced the court that there was no need to provide the Tata Group’s Indian Hotels Company (IHCL), which had “collaborated” with the NDMC in the latter half of the 1970s to construct and run the five-star hotel, the first right of refusal to match the highest bid at the auction.

The court, however, said the NDMC should keep in mind the blemishless manner in which the Tatas had run the hotel for over three decades, and this legacy should feature the foremost at the auction.

The court observed that in case the Tatas lose out in the auction, they should be gracefully given a period of six months to wind up their commitments at the hotel and leave.


“We respect the decision of the honourable Supreme Court and intend to participate in the e-auction when it is held. We stay committed to our colleagues and guests, whose loyalty and trust remains our biggest asset.” a spokesperson of Taj Hotel said in Mumbai.

Agrees with HC

The Supreme Court has in a way confirmed the conclusions arrived at by the Delhi High Court in the latter’s 52-page judgment on October 27, 2016.

The High Court judgment had held that “unless there is a social or a welfare purpose or any other public interest which is served, an asset held for the benefit of the public if commercially exploited, should be by way of an auction or an open competitive bidding because it would then fetch the maximum revenue.”

 


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