SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Prayagraj expands tax net: 1.25 lakh new urban homes to pay house tax for the first time

#Taxation & Finance News#India#Uttar Pradesh#Prayagraj
Last Updated : 5th May, 2025
Synopsis

The Prayagraj Municipal Corporation (PMC) has begun levying house tax on approximately 1.25 lakh residential buildings in newly incorporated areas like Naini, Jhunsi, Phaphamau, Jhalwa, and Bamrauli. This marks the first time these zones fall under municipal taxation, as PMC aims to formalise urban expansion and boost revenue. Residents are encouraged to complete a self-assessment process to ensure accurate billing, with physical verification to follow if needed. A 10% rebate is offered for payments made by July 31. This initiative follows low compliance in the previous year and reflects PMC's broader push to integrate peripheral areas and strengthen civic service delivery.

Approximately 1.25 lakh residential buildings in the recently incorporated areas of Naini, Jhunsi, Phaphamau, Jhalwa, and Bamrauli will be subject to house tax, in a major step taken by the Prayagraj Municipal Corporation (PMC) to formalise growing urban zones and strengthen its revenue stream. This marks the first time that properties in these zones have come under the purview of municipal taxation.


The move follows the inclusion of these localities within the municipal limits, as Prayagraj's urban footprint has widened considerably in recent years. As part of this effort, the civic body began dispatching house tax bills to homeowners in these extended regions earlier this week.

To ensure accurate valuation and avoid billing discrepancies, property owners have been encouraged to undertake a self-assessment process. This involves submitting details of their buildings, including structural data and photographic evidence, to the municipal tax department. Officials stated that if inconsistencies arise or if the submitted data appears unreliable, physical verification will be carried out. The self-assessment forms aim to provide a transparent and participative way for residents to confirm or rectify the preliminary evaluations conducted by the municipal team.

Notably, this is not PMC's first attempt to integrate these areas into its tax base. In the past financial year, nearly 45,000 buildings in these same localities were brought under the house tax ambit. However, compliance was underwhelming, with only around 9,000 property owners fulfilling their tax obligations. The remaining defaulters are now required to pay interest on their outstanding dues, in line with the provisions laid out in the Municipal Corporation Act.

To improve compliance this time around, PMC has announced a 10% rebate for those who clear their dues by 31st July. Simultaneously, tax bills for about 2.40 lakh properties in the older parts of the city have already been uploaded to the municipal portal. Physical copies are being dispatched to the respective households to ensure wider reach and prompt payments.

This broader initiative aligns with PMC's strategic push to improve municipal revenue and ensure consistent service delivery across the expanding city limits. Historically, local bodies like PMC have faced challenges in revenue realisation, particularly in peripheral zones where integration with core urban administration has been gradual.

Have something to say? Post your comment