Offering the possession without OC is a breach of the law and punishable. Any building that has not received the OC from the authorities is considered under-construction projects.
What happens if property tax is not paid in Tamilnadu?
What will happen if the property tax is not paid on time? A penalty of 2% would be charged automatically to the assessed value after the end of the incentive period of 15 days of the tax cycle. Also name change of any property would be made only in case of nil balance of property tax.
Do we need to pay property tax for land in Tamilnadu?
Property tax is levied on building and vacant land unless specifically exempted. The municipality that is entrusted with the task of regulating, managing and collecting property tax in Chennai is ‘The Greater Chennai Corporation’.
What is suc in property tax in Tamilnadu?
The solid waste management user charges starts from ₹30 per half-year at the rate of ₹5 a month for a tax assessment of ₹500. But it varies, commensurate with the property tax rates of residential buildings. If a resident is liable to pay property tax of ₹1,000 for his house, the charge will be ₹60 per half-year.
Who is responsible for paying the water bill if you are a tenant?
If the dates refer to a previous tenancy or a time when you didn’t live in the property, you should send the bill to your landlord. You should also check who’s responsible for paying the water charges to the water company. If water charges are included in your rent, it will be your landlord so send the bill to them.
Do you have to pay water bill if you live in block of flats?
If you live in rented property or in a block of flats, you may pay rent or a service charge with water included. Check your paperwork for details. If the water charge is included, your landlord or management company is likely to be responsible for paying the bill rather than you.
Do you have to tax the whole of a building?
Your option to tax will cover the whole of the building, and the land under the building and within its curtilage (the land immediately around the building including, for example, forecourts and yards). If your interest in the building is restricted to one floor, your option to tax will still cover the remaining floors of the building.
Can a water company backdate a water bill?
Water companies are entitled to bill you for the services they provide. They can backdate bills regardless of whether they have billed you before. One reason for getting a backdated bill is that the water company has only just become aware of the existence of your property.
