T'PURAM: With state cabinet approving the recommendation of the sixth state finance commission (SFC) to impose higher tax on houses with a plinth area of over 3000 sq ft, such houses will now be taxed under the classification of luxury houses and taxed at rates higher than property tax.
While SFC proposed a hike of 50-200% tax, based on area of the house (ranging between 3000 sq ft and 10,000 sq ft and those above), government has revised the recommendation drastically and plans to levy 15% tax for all houses with plinth area over 3000 sq ft.
