**Executive Summary**
The document is a notification from the Greater Chennai Corporation, Revenue Department, regarding amendments to the Chennai City Municipal Corporation Act, 1919, concerning property tax. The amendment pertains to the levy of property tax on buildings used for educational purposes, including those running self-financing courses. Objections to the proposed changes must be submitted within 30 days of the notification's publication.
**Key Points / Main Content**
* **Amendment Overview:**
* Tamil Nadu Municipal Laws (Second Amendment) Act, 2018, amends Section 101(c) of the Chennai City Municipal Corporation Act, 1919.
* The amendment clarifies the imposition of property tax on buildings used for educational purposes.
* **Property Tax Levy:**
* All buildings, including those used for educational purposes, are subject to property tax, unless specifically exempted.
* Buildings used by Government-aided institutions for conducting self-financing courses are subject to property tax.
* Property tax will be levied on these buildings from II/2017-2018 onwards.
* **Council Sanctions:**
* The Council has sanctioned the exemption of certain buildings from property tax as mentioned in the amended Section 101(c).
* The Council has sanctioned the levy of property tax on buildings used for educational purposes, excluding the exempted buildings.
* Property tax for educational buildings and those running self-financing courses will be levied at the rate of residential buildings plus a 60% surcharge, as per Section 172(1) of the Tamil Nadu Panchayats Act, 1994.
* **Objections and Publication:**
* The notification is published to solicit objections under Section 98-A of the Chennai City Municipal Corporation Act, 1919.
* The proposed property tax changes will be considered by the Chennai Corporation 30 days after the notification's publication.
**Impact Analysis**
**Stakeholder: Private Educational Institutions**
* **Impact:**
* May have to pay property taxes, including the 60% surcharge, for buildings used for educational purposes, if they were previously exempt.
* **Action Required:**
* Evaluate their tax liabilities under the new regulations.
* If they have objections, they need to submit them in writing to the Commissioner, Greater Chennai Corporation, within the stipulated period (30 days).
**Stakeholder: Government-Aided Institutions Conducting Self-Financing Courses**
* **Impact:**
* These institutions will now be subject to property tax.
* **Action Required:**
* Evaluate their tax liabilities under the new regulations.
* If they have objections, they need to submit them in writing to the Commissioner, Greater Chennai Corporation, within the stipulated period (30 days).
**Stakeholder: Greater Chennai Corporation**
* **Impact:**
* Increased revenue from property tax.
* Administrative burden of assessing and collecting taxes from newly taxable entities.
* **Action Required:**
* Assess property tax for all the buildings including educational institutions.
* Review and consider the objections from the public.
Key Entities Referenced
Chennai City Municipal Corporation Act, 1919: Governs property tax in Chennai; amendment relates to property tax on educational institutions.
Tamil Nadu Municipal Laws (Second Amendment) Act, 2018: Amends the Chennai City Municipal Corporation Act, 1919, specifically Section 101(c), affecting property tax rules.
Greater Chennai Corporation: The entity responsible for levying and collecting property tax within Chennai.
Tamil Nadu Panchayats Act, 1994: Referenced for setting surcharge rates for property tax on educational institutions.