Secunderabad: 264 dwellings inaugurated in Sairam Nagar & Gandhi Nagar – ET RealEstate

HYDERABAD: Houses built under the state government’s dignity housing project were handed over to beneficiaries. On Friday 264 dwellings in Sairam Nagar and Gandhi Nagar were inaugurated, both areas are located in Secunderabad Cantonment Board(SCB).

Out of the total houses, 200 houses located in Gandhinagar were built with Rs 15.50 crore and Sairam nagar Rs 4.96 crore.

In Gandhi Nagar 200 two bhk houses are spread across seven blocks, each block is a G+ 3 structure. In Sriram Nagar the 64 houses are spread across four blocks and in this locality too each block is a three storied building.

Each unit measures 560 sft and construction cost per house is Rs 7.75 lakh, the dwellings are equipped with basic amenities like underground drainage system and power supply.

The houses were inaugurated by home minister Mahmood Ali , animal husbandry minister Talasani Srinivas Yadav and labour minister Malla Reddy also participated in the inaugural ceremony.

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Secunderabad: Old grant bungalows to pay commercial property tax – ET RealEstate

SECUNDERABAD: Owners of old grant bungalows (OGBs) located in the Secunderabad Cantonment, will soon be issued notices with a huge hike in property tax assessment.

The Secunderabad Cantonment Board (SCB) officials completed an assessment of 86 old grant bungalows (OGBs) of the British-era as part of the triennial revision, i.e. between 2018 and 2022.

“Notices will be served to all the owners of these bungalows in a day or two. They will be given 30 days to submit objections,” Secunderabad Cantonment Board deputy chief executive officer, Vijaykumar Balan Nair told STOI.

Though, the defence estates office, Telangana circle is a custodian of old grant bungalows, the SCB has been collecting property tax for decades, he said.

Agreeing that most of the OGBs are using their open spaces for commercial purpose, the Secunderabad Cantonment Board official said that the tax department made an assessment solely based on the commercial tariff. The range per square meter is between Rs 4 and Rs 10, added the official.

Most of the old grant bungalows are located in Sikh Village while few are in Balamrai, Bowenpally and other prime areas.

Several old grant bungalows have given their open spaces to function halls, furniture showrooms, car showrooms. They collect rent in lakhs.

The rent of a function hall starts from Rs 1.5 lakh and goes up to Rs 10 lakh per day.

On an average, the owners of these old grant bungalows earn Rs 2 to Rs 10 crore per annum only on rentals.

Secunderabad Cantonment Board officials who set their eyes on old grant bungalows are expecting huge revenue through the triennial revision assessment.

“We are expecting nearly Rs 3 crore revenue,” said SCB senior tax official.

Agreeing that most of the OGBs are using their open spaces for commercial purpose, the SCB official said tax department made assessment solely based on the commercial tariff

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Steep hike in property tax upsets Secunderabad cantonment residents – ET RealEstate

SECUNDERABAD: Several residents are criticising SCB claiming that it has hiked the property tax as part of its triennial revision (2018-21).

A group of taxpayers had even met SCB president and requested him to look into the issue as they are facing financial stress due to the pandemic. “The proposed hike ranges between 1,000 and 9,500 percent,” the owners mentioned in the plea submitted to the president. SCB revises the property tax every three years.

Once annual rateable value (ARV) is completed, the tax department serves fresh demand notices to the residential and commercial owners, who should pay the tax within 30 days. So far, 500 demand notices have been served and many of the recipients are shocked with the steep hike.

Some alleged that SCB’s CEO has not followed the procedure mentioned in the Cantonment Act 2006. “A public notice has to be issued before the revision of property tax. But they did not follow the rules and instead selected a few properties for revision,” an owner told TOI.

SCB chief executive officer, B Ajith Reddy, said they will consider the requests of property owners. “Those who feel that the increase is high, can appeal through writing by raising objections to the proposed assessment. We will verify the records and decrease ARV,” he said.

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