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The Hindu
The Hindu
National
Special Correspondent

Property tax hike necessary for getting Central funds, says K.N. Nehru

KN Nehru Tamil Nadu AIADMK Finance Commission

A day after the property tax rates were increased in Tamil Nadu, Minister for Municipal Administration K.N. Nehru said on Saturday the hike was based on the 15th Finance Commission’s guidelines.

“Otherwise, the Central funds will not be released,” he told reporters in New Delhi. Funds to the tune of ₹15,000 crore would not be released if the revision was not done, and development work would be affected, he said.

Mr. Nehru said it was applicable to all the States and the property tax was 50%-100% higher in other States than in Tamil Nadu. Chief Minister M.K. Stalin ordered that the revision be done in such a way that it did not affect the poor and the middle class.

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