Indian Express 05.05.2010
PU to shell out Rs 48 cr as property tax
RituSharma Tags : university, property tax Posted: Monday , Apr 05, 2010 at 0351 hrs
Chandigarh: As the Panjab University (PU) builds its infrastructure and liberally spends money, it is the Municipal Corporation which is singing to glory. With the completion of a number of buildings in 2009-2010, the university will have to shell out 66 per cent more on the property tax as compared to the previous years.On the basis of the report submitted by the surveying wing of the Municipal Corporation, the MC re-assessed the buildings of Panjab University in Sectors 14 and 25 campuses in 2009 and enhanced the property tax bill from Rs 27.55 crore for 2008-2009 to Rs 47.87 crore last fiscal.
Subsequently, the university in its annual budget has enhanced the provision from Rs 30 lakh to Rs 50 lakh under the budget head — Services/Property Tax in respect of institutional buildings for the new financial year. The Vice-Chancellor has sanctioned Rs 17.87 crore on account of property tax to the Municipal Corporation, Chandigarh, out of the ‘Estate Fund Account’ for 2009-2010.
* The major construction and building projects completed in 2009-2010 included
* Second phase of Dr H S J Institute of Dental Sciences and Hospital, PU south campus: Rs 5.5 crore
* Seven-storey women hostel 7 on PU campus: Rs 5.75 crore
* Women hostel 1 in PU South campus at Sector 25: Rs 2.12 crore
* Academic Block-II, phase II of UIET, South campus, Sector 25: Rs 1.96 crore
* Extension of Botany Department: Rs 1.26 crore
* Renovation of faculty houses in PU campus Sector 14: Rs 14.35 lakh
* Additional parking at Student Centre: Rs 12.19 lakh
* While the major construction work expected to be completed this fiscal including
* UIAMS-cum-CIIPP cell at an estimated cost of Rs 10.32 crore
* Centre for Emerging area in Science and Technology at a cost of Rs 8.08 crore
* Three-storey boys hostel regional centre, Bajwara at Hoshiarpur at a cost of Rs 1.76 crore.
