Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Murthy   01 March 2024

Katha and tax

whether katha is given for a plotted development project for composite property for sy nos. or after development for individual plots aftertaste release order is got

what is the procedure adopted by govt to assess taxes during plot development process


Learning

 5 Replies

T. Kalaiselvan, Advocate (Advocate)     02 March 2024

Under construction plots don't come under property tax yet. 

Once the construction is completed then the assessment will be done and the tax would be levied then 

Murthy   02 March 2024

till then who is paying tax and katha holder ....ownervor devroper

T. Kalaiselvan, Advocate (Advocate)     02 March 2024

Originally the land owner had been paying the taxes for the property since the title and khata are on his name.

Once the property has been converted and khata has been changed on the name of the subsequent buyer, then it becomes the duty of the new owner/khata holder to pay the property tax

Murthy   02 March 2024

yes sir thanks for your inputs but my concern is till the land is developed and sites are made release order is given say it takes 4 years for completion till then who vl pay tax doesn't govt assess tax for empty land that us project land

T. Kalaiselvan, Advocate (Advocate)     02 March 2024

Have you purchased the property and got the khata transferred to your name, if not then there's no question of who pays tax and for what.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register