With the deadline for paying the property tax for the first half of 2022-23 ending by September 30, only 52% of the assessees in Greater Chennai Corporation (GCC) limits have paid the tax so far.
Of the roughly 13 lakh assessees in the city, around 6.88 lakh have paid their property tax so far. The amount collected stood at ₹570 crore. The compliance is relatively better among the large taxpayers with properties measuring 50,000 square feet and more. About 63% of them have made the payment.
With more people expected to pay in the last week of the deadline, the Corporation is expecting the collection to reach around ₹650 crore by September 30, beyond which the civic body may impose a penalty for the delayed payment.
