Chennai Property Tax Payment Pending for over 5 Lakh Consumers for 2022-23

More than 5 lakh people are yet to pay Chennai property tax, and they are requested to pay by March 31 to avoid penalty, The Greater Chennai Corporation (GCC) said For the financial year 2022 – 2023, over 8 lakh people paid their property tax in the second half of the year.

As per Chennai Corporation Municipal Act, 1919, the property owners need to pay the tax within the first 15 days at the beginning of every half-year. An incentive of 5 percent (up to a maximum of Rs.5,000) is being given to property owners who make such payments. Property owners who make late payments will need to pay an additional 2 percent special interest on top of their dues.

The property owners can pay Chennai property tax through BBPS (Bharat Bill Payment System), draft, credit cards, through the service centers in all the zonal offices. They can also make their chennai property tax payment online through the Chennai Corporation website and Paytm. The officials have requested to pay the property tax arrears as per the guidelines mentioned in the notices sent to them.

Now we all know that property taxes are a major revenue source as they contribute to work such as basic infrastructure, solid waste disposal, street lighting, maintenance of parks and roads, public health, and disease prevention. So, the property tax whether it's for the Chennai property tax payment online or for any other municipal corporation of any other state, it has to be paid on time.