Date: 2022-03-09Category: Not ApplicableState: Tamil NaduCountry: India
TAMIL NADU VANNIYAKULA KSHATRIYA PUBLIC CHARITABLE TRUSTS AND
ENDOWMENTS BOARD - Notification regarding exchange of land pertaining to Nanjai Edaiyar Sankara Kandaswami Kandar Trust, Paramathi Velur, Namakkal District
**Executive Summary**
This document is a notification from the Government of Tamil Nadu, published on March 7, 2018, regarding amendments to the Chennai City Municipal Corporation Act, 1919, specifically concerning property tax. The key change involves the imposition of property tax on buildings used for educational purposes, including those running self-financing courses with government aid, with some exceptions. The public has 30 days from the notification date to submit any objections.
**Key Points / Main Content**
* **Legislative Amendment:**
* Amendments to Section 101(c) of the Chennai City Municipal Corporation Act, 1919, have been issued.
* **Property Tax on Educational Institutions:**
* Buildings used for educational purposes, including those with government-aided self-financing courses, are now subject to property tax.
* Exemptions exist for buildings used for charitable purposes and institutions aiding destitute individuals or animals.
* **Tax Rate:**
* Educational institutions will be taxed at the residential rate plus a 60% surcharge, as per the Tamil Nadu Panchayats Act, 1994, Section 172(1).
* **Implementation Period:**
* The amendment is effective from period II/2017-2018.
* **Objections:**
* The notification is being published to allow for the submission of objections under Section 98-A of the Chennai City Municipal Corporation Act, 1919.
* **Process After Notification:**
* The proposed changes will be considered by the Chennai Corporation 30 days after the notification date.
**Impact Analysis**
**Educational Institutions (Including Government-Aided, Self-Financing Courses)**
* **Impact:** Subject to property tax on their buildings, increasing their operating costs.
* **Action Required:** Review their financial planning to account for the new tax liability and submit any objections to the Commissioner of Greater Chennai Corporation within 30 days of the notification date (March 7, 2018).
**Greater Chennai Corporation**
* **Impact:** Increase in revenue due to expanded property tax base; need to manage objections and implement the new tax rules.
* **Action Required:** Review and consider any objections received within the 30-day period, and prepare for the implementation of the revised property tax regulations.
**Public/Citizens**
* **Impact:** N/A
* **Action Required:** Review the notification. Submit objections if you think you will be impacted.
Key Entities Referenced
Chennai City Municipal Corporation Act, 1919: Governs property tax levies by the Greater Chennai Corporation.
Tamil Nadu Municipal Laws (Second Amendment) Act, 2018: Amends the Chennai City Municipal Corporation Act, 1919, specifically regarding property tax.
Section 101 of the Chennai City Municipal Corporation Act, 1919: Deals with exemptions from property tax and is being amended.
Greater Chennai Corporation: The municipal body responsible for levying property tax in Chennai.
Chennai: Applicability of property tax laws within Chennai limits.