The Hindu : Tamil Nadu News : Proper assessment of assets planned

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Saturday, Sep 18, 2010
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Tamil Nadu

Proper assessment of assets planned

Serena Josephine. M

Tirupattur takes steps to boost revenue

TIRUPATTUR: An assessment of under-assessed properties in the Tirupattur Municipality has been proposed to augment revenue generation. This is among a number of initiatives planned to boost revenue flow for the local body. Municipal authorities said the annual income of the local body including government grants and devolution of funds from the State Finance Commission was Rs. 755 lakh. This also included its own funds such as annual demand of property tax collection of Rs. 1.54 crore, professional tax of Rs. 21 lakh and water charges of Rs. 51 lakh.

“We are planning a number of measures to increase the revenue of the municipality. Among these is a proposal to assess under-assessed properties,” a municipal official said.

Presently, there are a total of 13,502 property tax assesses/households in the municipal limits.

“There are under-assessed properties in the municipality limits. For instance, we might have assessed a house constructed in the ground floor earlier. But they might have constructed a structure on top in the last two to three years. So, we want to find such properties and bring them under the taxation purview to increase revenue,” the official said. Traders might also come under the professional tax levied by the municipality, which currently covered only government officials, staff of school, colleges and so on.

“We will take a list of shops for which dangerous and offensive trade licenses were issued. There will be four to five salaried persons in the shop. Once the list is prepared, we will see if professional tax could be levied from the traders,” the official mentioned. Utilising the high demand for shops in Tirupattur town, the local body also proposes to construct shopping complexes.

Shops in these complexes will be auctioned off in order to boost revenue for the local body, officials said. “People from surrounding villages of Tirupattur come to the town to market their produce. As a result, there is high demand for shops,” they added.

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