Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
RCB increases property tax by upto 25pc
12-27-2011, 12:22 PM
Post: #1
RCB increases property tax by upto 25pc
RAWALPINDI, Dec 26: Rawalpindi Cantonment Board (RCB) on Monday increased property tax for residential units by 10 per cent and for commercial units by 25 per cent and the levy would be applicable immediately.

However, it gave more relief to the owners of five marla houses exempting them from attaching building plan and photo of the house with application for tax exemption.

The five marla houses were exempted from tax in 2007 but the owners had to file approved building plan and photo of the houses along with application for seeking tax exemption certificate.

RCB Cantonment Executive Officer Rana Manzoor Ahmed Khan told Dawn that the decision had been taken after consultation with public representatives from the cantonment areas.

He said the board had also reduced the application forms fees and development charges.

He said that they held meeting with Pakistan Baitul Mal Managing Director Zamrud Khan, MNA Malik Abrar, MPA Chaudhry Mohammad Ayaz, former Vice President of the RCB, Hafiz Hussain Ahmed and other representatives of political parties belonging to the cantonment areas.

He said the decision to increase the property tax was taken unanimously.

He said the Rawalpindi Cantonment Board had so far collected Rs120 million property tax during first quarter of 2011-12 against the target of Rs200 million.

He said that those who had paid their property tax would have to pay the arrears during next fiscal year.

However, he said, those who had not paid their tax they would have to pay according to new rates by end of June 2012.

Mr Khan said that the meeting had also decided to collect fee for Transfer of Immoveable Property (TIP) according to district collector’s rate for different areas.

Earlier, the RCB collected the fee according to the value of property in an area.

He said that through this system, the people would pay 25 to 30 per cent less fee to get their property transferred.

He said the step had been taken to facilitate the people as it would reduce the fee by Rs10 to Rs12 million annually. He said that the RCB had also reduced the application fees and development charges in its jurisdiction.

Application forms fee had been reduced from Rs200 to Rs100, General Land Register duplicate copy fee from Rs300 to Rs150, development charges for commercial units from Rs1,000 to Rs750 per square yard and development charges for domestic units from Rs300 to Rs175 per square yard.

RCB Cantonment Executive Officer said from now on no late fee would be charged for issuance of birth and death certificates.

The meeting has decided to give three months deadline to water consumers to regularise their connections.

Meanwhile, Pakistan Muslim League-Nawaz (PML-N) MNA Malik Shakeel Awan criticised the increase in property tax in cantonment areas and urged the federal government to withdraw the decision.

He said that Punjab government withdrew the increase of water charges in city areas. He warned that if the federal
government did not withdraw the decision the PML-N would launch movement against the increase.

It is interesting to mention here that the RCB took the decision of increasing the property tax after taking PML-N MNA Malik Abrar and MPAs Malik Iftikhar and Chaudhry Ayaz on board. However, these legislators did not oppose the decision in the meeting.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  State Bank Of Pakistan increases profit rate on Naya Pakistan Certificates LRE-Azan 0 953 01-26-2023 03:07 PM
Last Post: LRE-Azan
  Chandni Chowk Flyover increases traffic woes Salman 0 3,701 03-16-2012 02:52 PM
Last Post: Salman
  Weekly inflation increases by 0.07 percent Lahore_Real_Estate 0 3,324 05-16-2011 11:30 AM
Last Post: Lahore_Real_Estate
  Virtual University increases tuition fee across country Lahore_Real_Estate 0 4,306 04-18-2011 12:46 PM
Last Post: Lahore_Real_Estate
  SBP Increase Personal Loan LImit Upto Rs 3.0 Million LRE 0 4,340 01-08-2011 12:54 AM
Last Post: LRE
  Govt increases sugar price by Rs 10/kg at USC Lahore_Real_Estate 0 3,755 11-09-2010 05:38 PM
Last Post: Lahore_Real_Estate
  France increases aid, offers transport Lahore_Real_Estate 0 3,912 08-16-2010 03:44 PM
Last Post: Lahore_Real_Estate
  LPG price increases by Rs 5 Lahore_Real_Estate 0 3,714 05-15-2010 11:38 AM
Last Post: Lahore_Real_Estate
  LDA New Commercialization Policy; Fee Raised upto 800% LRE 0 9,417 01-26-2010 11:23 AM
Last Post: LRE
  State Bank allows easy financing of small renewable power projects upto 10 MW Naveed Yaseen 0 4,585 12-02-2009 09:19 AM
Last Post: Naveed Yaseen
  Property Tax to be raised upto 30% LRE 0 3,029 11-19-2009 11:50 AM
Last Post: LRE
  Islamabad: Non-conforming use of houses in capital increases Naveed Yaseen 0 3,434 11-16-2009 07:20 AM
Last Post: Naveed Yaseen
  Honda increases car prices Naveed Yaseen 0 3,193 10-21-2009 04:44 AM
Last Post: Naveed Yaseen
  Rawalpindi Cant. Board increases building plan fees Naveed Yaseen 0 4,553 10-14-2009 08:46 AM
Last Post: Naveed Yaseen
  Raiwind Road: Despite Opposition Widening upto 220 feet Starts LRE 1 10,846 09-26-2009 12:30 PM
Last Post: LRE
  Heartbreak increases risk of heart attack Naveed Yaseen 0 3,211 09-16-2009 07:10 AM
Last Post: Naveed Yaseen
  Passive smoking exposure increases risk of Osteoporosis Naveed Yaseen 0 3,561 08-08-2009 06:04 AM
Last Post: Naveed Yaseen
  Upto 24 percent hike in power tariff in three phases Naveed Yaseen 0 2,930 07-19-2009 05:47 AM
Last Post: Naveed Yaseen
  NADRA increases salaries up to 25 percent LahoreEstate 0 3,111 05-26-2009 04:54 AM
Last Post: LahoreEstate
  Inflationary pressures ease as CPI increases by 19 percent LahoreEstate 0 3,135 04-11-2009 07:37 AM
Last Post: LahoreEstate

Forum Jump:


User(s) browsing this thread: