This will stop tax evasion and increase the corporation’s revenue. The corporation has written a letter to the registrar asking him to ensure this.

Buying and selling of land has been prohibited in Patna, the capital of Bihar. Patna Municipal Corporation has taken major action against those who do not pay property tax. Such people will no longer be able to sell their property. The corporation has made it mandatory to show property tax receipt for buying and selling. This decision was taken on 4 December 2024. The corporation hopes to increase revenue from this. Also, property tax evasion will also be curbed.

Ban on buying and selling of land in Patna

Patna Municipal Corporation has given a big decision for those who do not pay property tax. If you have not paid property tax, then now you will not be able to sell your property – house, house or institution. The corporation has written a letter to the prohibition and registration department asking to ensure that the property tax deposit receipt of Patna Municipal Corporation is compulsorily seen at the time of buying and selling of property. Registration will not be done without receipt. Municipal Commissioner Animesh Kumar Parashar has given this order. The corporation hopes that with this step, property tax evasion will be reduced and revenue will increase.

If you do not pay property tax then you will not be able to sell the property

New rules have now come into force for those buying and selling property in Patna. While buying or selling a flat, house, plot or any private property, you will have to show the receipt of property tax and garbage management fee. Many times people used to get the registry done without paying the tax. This put the burden of old dues on the new owner. Now this will not happen. Buyers will also get the facility of determination of new property tax and mutation at the time of registration. Patna Municipal Corporation wants everyone to follow the rules and pay tax on time.

Municipal corporation took action on not getting property tax

Under the Bihar Municipality Act 2007, all property owners are required to pay property tax on time. Be it a house, a building or an empty plot. If you do not do so, the corporation can take action against you. This includes sending notices, stopping corporation services, attachment of movable and immovable property and even seizing bank accounts. Therefore, it is better to pay your tax on time and avoid any hassle. The complete details of these rules are given in the Bihar Municipal Property Tax Rules 2013 and Patna Municipal Corporation Tax Recovery Regulations 2013.

Facility of online and offline payment

Patna Municipal Corporation has provided both online and offline facilities to make the payment of property tax easier. You can pay your tax through the corporation’s website from the comfort of your home. Apart from this, you can also go to the corporation’s main office or zonal office and deposit the tax. A special counter has also been set up near the Income Tax Golambar, where you can pay tax from 10 am to 5 pm.

The corporation team also collects tax by going to every ward. You can also pay tax through POS machine, QR code, Paytm, PhonePe, Google Pay and UPI. Also, you can assess your property tax yourself by filling the self-assessment form available on the corporation’s website. Patna Municipal Corporation has tried to make the process of paying tax as simple as possible. A local newspaper has given this complete news.

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If we look at the area of Mumbai in acres, it will be a little more than 1 lakh acres. But the habitable land here is only 34000 acres. Do you know that in this also 3400 acres i.e. 10 percent of the total habitable area is owned by only one family. This land is with Godrej family. Mumbai is the most expensive real estate area in the country.

Pirojsha Godrej, grandfather of Adi Godrej, chairman of Godrej Industries, had purchased this land. During the Second World War, he bought 3000 acres of land from the British government for just Rs 30 lakh. After this 400 acres more land was purchased. At present, about 1000 acres of this land can be developed. Their estimated value is around Rs 5 lakh crore.

Property across the country

Godrej Properties now has land not only in Mumbai but also in other metropolitan cities. These include Delhi-NCR, Hyderabad, Bengaluru and Chennai along with Mumbai. Godrej Properties builds residential buildings here. Apart from residential buildings, Godrej Properties also builds commercial properties.

New Shopping in Hyderabad

Godrej Properties Ltd has bought 12.5 acres of land in Hyderabad for Rs 350 crore for a residential project. The company expects revenue generation of Rs 3,500 crore from here. With this the company has entered the Hyderabad property market.

Godrej Properties informed the stock market that it has acquired 12.5 acres of land in Rajendra Nagar, Hyderabad, but did not disclose the deal value and the name of the seller. However, market sources said that the deal was done for around Rs 350 crore.

The post Property Update: What will be the impact on home buyers if the real estate company goes bankrupt, major changes in the rules first appeared on Rightsofemployees.com.

The central government will do this work under the One Nation One Registration program. Finance Minister Nirmala Sitharaman announced that land records will be kept digitally.

IP based technology will be used

According to the information, IP based technology will be used to keep records of land digitally. With the help of land papers, their records will be kept digitally.

14 digit unique number will be issued

Digital land records will provide benefits in many ways. It will be distributed under the 3C formula, which will benefit everyone. In these, the general public will be greatly benefited by the Central of Records, Collection of Records, Convenience of Records

Along with this, a 14 digit ULPIN number ie unique number of your land will be issued. In simple language, it can also be called the Aadhaar number of the land. In future, sitting at home, you will be able to see all the documents of your land in just one click.

Complete details of the land will be known in one click

At the same time, this ULPIN can also be used in many schemes like Pradhan Mantri Kisan Samman Nidhi (PM Kisan Yojna). Apart from this, there will be no problem in buying and selling land anywhere in the country through ULPIN number. Full details of the buyer and seller will be revealed. If that land is divided later, then the Aadhaar number of that land will be different.

Land will be measured through drone

It is noteworthy that through the One Nation, One Registration program, the government will measure the land with the help of a drone. There will be no possibility of any mistake or disturbance due to land measurement by drone.

After this, this measurement will be made available on the official digital portal. At present, 140 million hectares of land is being cultivated in the country. 125 million hectares of land is being reclaimed.

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