The Greater Hyderabad Municipal Corporation (GHMC) has taken the decision to collect an additional tax in the form of fine from the owners of illegal structured buildings.

GHMC plans to impose additional penalty on the owners of illegal constructions.

The owners of those buildings which are built against the legal norms of The Greater Hyderabad Municipal Corporation (GHMC) will be hit hard as the civic body plans to levy an additional charge of property taxes on these owners. As against the existing 25% property taxes, these owners will have to pay 100% more as a fine.

The new penalty rule is likely to be implemented by GHMC on April 1 this year. GHMC is expected to gain over Rs.30 Cr in the form of revenue by this penalty as the civic body has already found over three lakh unauthorized properties in Hyderabad.

The civic body has so far assessed only 12 lakh properties; and so there is a possibility for the number to jump again.

An official of GHMC said that the new penalty will be applicable to all forms of buildings. The new rule will cover villas and independent houses, flats or apartments and so on. Continue reading →