Categories News

Kolkata Municipal Corporation to assess all unassessed properties within a year

The Kolkata Municipal Corporation (KMC) has set an ambitious target of assessing all unassessed properties across the city within a year. The move is expected to significantly help the civic body augment its revenue and enable property owners to receive essential civic services.

Mayor Firhad Hakim has instructed the KMC revenue department to hold officials of the assessment department accountable for assessing unassessed buildings and arranging for the mutation of properties. Efforts to assess newly constructed buildings have yielded results, with the number of assessments going from 8.7 lakh to 9.1 lakh in the past year.

“The rise in the number of assessors has led to an increase in revenue collection from property tax,” said a KMC revenue department official. Revenue collection has gone up from Rs 890 crore in 2021-22 to Rs 1,150 crore in 2022-23.

Assessing unassessed properties will not only augment revenue but also enable owners of houses or flats to get their properties assessed, ensuring delivery of all essential civic services.

The KMC aims to bring newly constructed housing complexes and apartment buildings under the assessment drive in large areas off the EM Bypass and in the Tollygunge-Jadavpur belt and Behala neighborhoods. Assessment camps will be set up at housing complexes and apartment buildings to help owners assess their properties under the Unit Area Assessment system.

Mayor Firhad Hakim has given a year’s time to assessment department officials to wrap up the work of assessing new properties, failing which, the concerned officials will face consequences.

Follow and Connect with us: TwitterFacebookLinkedinInstagram

Amit Patel

Amit is a voracious writer and reader with experience in developing content for different niches. A friendly and down-to-earth person with a sense of humor, he is keen on offering factual and informative insights in his writings. He loves researching new developments in the industry and putting them in layman’s terms.

Share
Published by
Amit Patel

Recent Posts

Maha RERA directs Godrej Properties to refund the booking amount for a project initiated before RERA regulations.

The regulator determined that the project was ongoing when the real estate law came into…

7 days ago

The Importance of Due Diligence Before Purchasing Property

Due Diligence Before Purchasing Property, Due diligence is an essential step in any real estate…

1 week ago

Embassy Real Estate Investment Trust (REIT) has appointed Ritwik Bhattacharjee as the interim CEO.

This follows a SEBI order on November 4 directing Embassy REIT to suspend Aravind Maiya…

2 weeks ago

Macrotech acquires Bain Capital’s stake in three digital infrastructure entities for ₹307 crore.

Previously, Macrotech also acquired real estate firm Ivanhoe Cambridge's stake in the three entities, aligning…

2 weeks ago

Benefits of LEED-Certified Buildings for Investors and Tenants

LEED (Leadership in Energy and Environmental Design) certification has become a prestigious standard in the…

2 weeks ago

QIP issuances by real estate developers reached ₹12,801 crore from January to September 2024, marking the second-highest amount after the renewable energy sector

From January to September 2024, QIP issuances across all sectors totaled ₹75,923 crore, with real…

2 weeks ago

This website uses cookies.