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A Guide To Paying Property Tax In Chennai - Prestige Highline Chennai

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Every house owner has to pay property tax every year. The tax amount depends on the location of the property.  Tax amount varies from one location to another. The owners of any residential property in Chennai have to pay the property tax to Greater Chennai Corporation (GCC).  Here we will be discussing a few facts which will guide you in paying your property tax in Chennai. Now let talk about the new project coming at Chennai like <a href="http://prestigehighline.houseey.com/" target="_blank" title="Prestige Highline">Prestige Highline</a>, what tax need to pay for this property.<br />
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<tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-t-0z23tB9-8/W5umIbyYNkI/AAAAAAAADmE/J8OEVJ9Vzog5fQRpMENNfRkMKjPcj_dGQCLcBGAs/s1600/Property%2BTax%2BChennai.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="800" data-original-width="800" height="400" src="https://1.bp.blogspot.com/-t-0z23tB9-8/W5umIbyYNkI/AAAAAAAADmE/J8OEVJ9Vzog5fQRpMENNfRkMKjPcj_dGQCLcBGAs/s400/Property%2BTax%2BChennai.jpg" title="Property ax Chennai - Prestige Highline" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Property Tax Chennai</td></tr>
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Prestige Highline - Lets First Know About The Factors Affecting The Property Tax! </h2>
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 The Corporation of Chennai provides its citizens with the facility of using the latest developments in the field of web and information technology to pay the tax. The taxpayers can choose between online and offline mode of payment. Here are some factors that affect the property tax:<br />
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<li>The total built-up area of the property like square feet area, corridors, lobby and stairs etc.</li>
<li>The rate of the location</li>
<li>What type of occupancy</li>
<li>The usage of the property</li>
<li>Time of the construction of the property</li>
</ul>
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<tr><td style="text-align: center;"><a href="https://3.bp.blogspot.com/-13XQ-to_7uM/W5ujsIFfkQI/AAAAAAAADl4/VF1Y6qxeLyIPlwplY9cJO0NtuLdIa2FPwCLcBGAs/s1600/Prestige%2BHighline%2BChennai%2B%25282%2529.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="789" data-original-width="940" height="536" src="https://3.bp.blogspot.com/-13XQ-to_7uM/W5ujsIFfkQI/AAAAAAAADl4/VF1Y6qxeLyIPlwplY9cJO0NtuLdIa2FPwCLcBGAs/s640/Prestige%2BHighline%2BChennai%2B%25282%2529.jpg" title="Prestige Highline Chennai| Property Tax" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Prestige Highline | Property Tax</td></tr>
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Calculate The Tax - Prestige Highline</h3>
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You can calculate the tax by either using the online tax calculator or manual calculation. In case of online tax calculation, you can use the property calculator which is available on the website of the Corporation of Chennai. If you face any trouble you can contact the Revenue-officer on 044-25383614/25384510 & extension number- #381.<br />
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While calculating manually monthly rental value is estimated first by using the plinth area and standard rental value in the specific locality. You can determine the annual value by multiplying the monthly value with the common factor 10.92. After this half-yearly tax is calculated which is 6.62 %, 9.92 %, 11.02% and 12.40% of the annual value of Rs.1.00 - 500,  Rs.501 -1000, Rs.1001 -5000 and Rs.5001 or above respectively!<br />
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 For example, <a href="https://youtu.be/Sii4YimHwtE" target="_blank" title="Prestige Highline Property located at Pallavaram Chennai">Prestige Highline property is located at Pallavaram</a> where the basic rate is Rs.7.5 per sq ft.  as the details of Prestige Highline Chennai is not been disclosed yet, let's assume the plinth area is 500 sq ft.<br />
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So the monthly rental value is = 500 Sq.Ft × Rs.7.5 per Sq.Ft = Rs. 3750.<br />
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Owner Occupation Discount of 25% = Rs.937.50<br />
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Monthly Value after Discount = Rs.2813.50<br />
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Age Depreciation 10% (1% for each year) = Rs 281.35<br />
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So the monthly value = Rs.2532.15<br />
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Annual value= 2532.15 × 10.92= Rs. 27651<br />
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Half yearly tax = 27651 ×11.02%= Rs. 3047.<br />
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So the half-yearly tax for the Prestige Highline Residential Apartment is Rs. 3047.<br />
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Where To Pay The Tax?</h3>
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You can either pay online or you can pay by visiting the respective zonal office, the office of the revenue officer or you can drop a check at banks.<br />
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When Should You Pay The Property Tax?</h3>
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The collection of the property tax is done on half yearly basis. The last dates for payment are 31st March and 31st September each year. If you pay after the deadline you have to pay an additional charge and that is 1% /month of the outstanding amount.<br />
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Suggested Topic:<br />
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<a href="http://www.cityofgold.ind.in/2018/09/prestige-highline-pallavaram-chennai.html" target="_blank">Prestige Highline Pallavaram Chennai - Price, Amenities And Location</a><br />
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<a href="https://homebuyersultimatesolutions.wordpress.com/2018/09/17/prestige-highline-list-of-documents-required-for-home-loan/" target="_blank">Prestige Highline – List Of Documents Required For Home Loan</a><br />
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<a href="http://www.facecool.com/photo/prestige-highline-chennai-super-easy-home-loan-process" target="_blank" title="Prestige Highline Chennai - Super Easy Home Loan Process">Prestige Highline Chennai - Super Easy Home Loan Process</a><br />
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<a href="http://prestigehighline.over-blog.com/2018/09/prestige-highline-taxation-of-property-received-through-inheritance-or-buying-own.html" target="_blank" title="Taxation Of Property Received Through Inheritance Or Buying Own - Prestige Highline">Taxation Of Property Received Through Inheritance Or Buying Own - Prestige Highline</a><br />
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A Guide To Paying Property Tax In Chennai - Prestige Highline Chennai

Every house owner has to pay property tax every year. The tax amount depends on the location of the property. Tax amount varies from one l...

17:53

Brigade Woods & Godrej Aqua - How does location fair out and contribute to project credibility?

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Why does location play such a pivotal role in contributing to the credibility of the project? What is its impact on customer purchase decision? These questions are worth answering as residents are seeking profitable real estate investment options. The location benefits are as important as other facilities like amenities, floor plans or other project specifications. Brigade Woods Apartment by Brigade group and Godrej Aqua Apartment by renowned realtors Godrej group are projects that have taken the location factor very seriously. The respective projects are located at Whitefield and Hosahalli. There are various benefits that these locations have to offer. From connectivity to the city to get to prominent landmarks, both of the projects serve every purpose. Residents decide on their investment options only after prior analysis of what the location of the project has to offer. For instance, IT professions choose on their investment options after going through the location, visiting the site to know if there are IT parks in close proximity for two main reasons. One is that it simplifies the complexities of travelling to work and the other aspect which increases the overall value of the land for returns in the near future. These projects located at emerging areas result in great land appreciation rates for investment benefits which then establishes long-standing relationships with key clients.<br />
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<tr><td style="text-align: center;"><a href="https://4.bp.blogspot.com/---wSE6bVZoo/W26gSY_WoYI/AAAAAAAADek/m0WM4csQiXAx50TVryEfU61duNsVOgmyACLcBGAs/s1600/Brigade%2BWoods%2Band%2BGodrej%2BAqua.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Brigade Woods and Godrej Aqua is located in Bangalore" border="0" data-original-height="900" data-original-width="1600" height="225" src="https://4.bp.blogspot.com/---wSE6bVZoo/W26gSY_WoYI/AAAAAAAADek/m0WM4csQiXAx50TVryEfU61duNsVOgmyACLcBGAs/s400/Brigade%2BWoods%2Band%2BGodrej%2BAqua.jpg" title="Brigade Woods Whitefield And Godrej Aqua Hosahalli" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Brigade Woods Whitefield And Godrej Aqua Hosahalli</td></tr>
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<b>Brigade Woods- Providing investment opportunities in Whitefield</b><br />
Brigade Woods is strategically located at Whitefield which enjoys impeccable connectivity to the rest of the city. Of all parts in Bangalore, Whitefield has attracted a number of realtors because of what the land has to offer. Whitefield is also surrounded by glorious water bodies that embody eco-friendly wonders all around the area. Residents are happy that they are at the center of all the action and leading a lifestyle filled with comfort and tranquillity. The project is also within reach to a number of IT parks which is an added advantage for IT professionals. With the introduction of Bangalore metro services, residents enjoy impeccable connectivity to all major parts of the city. Residents <a href="http://realestateapartmentmumbai.blogspot.com/2018/09/puranik-city-upcoming-apartment-located.html" target="_blank">planning to invest residential apartment</a> are encouraged to visit the site to have a clear understanding of the project and land development from the conceptualization phase until completion. There are prominent schools, colleges and medical institutions in the vicinity that ensure residents can spend more time with the family and less time travelling. Brigade Woods, with all of the amenities to offer, proves to be an ideal option for potential investors.<br />
<b>Godrej Aqua- Lets head along to a better future</b><br />
Godrej Aqua has revolutionized how one goes about real estate investments. The project is strategically <a href="http://godrejaquabangalore.blogspot.com/2018/08/godrej-aqua-upcoming-pre-launch-project.html" target="_blank" title="Apartment Located at Billamaranahalli, Hosahalli Bangalore">located in Billamaranahalli, Hosahalli</a>. The most important factor about the project is that the Bangalore International airport is in close proximity that increases the land appreciation rates for profitable returns on investment. Residents are able to travel with the utmost convenience because of the proposed metro station that is coming up soon. Hosahalli is one of the twin villages Mattur-Hosahalli which is located along the banks of Tunga river which establishes an aura of environmental brilliance. There are some of the best schools and colleges in close proximity which is always beneficial for smooth commute days. There are a few renowned IT parks in close proximity that makes it easy for potential investors to look for tenants for profitable returns.<br />
The national highway-7 which connects the property to other renowned landmarks contributes to the credibility of the project.<br />
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<tr><td style="text-align: center;"><a href="https://3.bp.blogspot.com/-j7XVLL9CSjM/W26gXwsWi5I/AAAAAAAADeo/HNp_zP6Z0qw1BZUE-HW6GPCIjPfMd-9UACLcBGAs/s1600/Godrej%2BAqua%2Band%2BBrigade%2BWoods.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="900" data-original-width="1600" height="225" src="https://3.bp.blogspot.com/-j7XVLL9CSjM/W26gXwsWi5I/AAAAAAAADeo/HNp_zP6Z0qw1BZUE-HW6GPCIjPfMd-9UACLcBGAs/s400/Godrej%2BAqua%2Band%2BBrigade%2BWoods.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Godreja Aqua And Brigade Woods Location</td></tr>
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<b>How do amenities fair when compared to location?</b><br />
Real estate projects should be designed in such a way that the amenities and location complement each other. <a href="http://realestateapartmentmumbai.blogspot.com/2018/09/know-all-about-puranik-city-neral.html" target="_blank">Residents are looking for properties</a> that are located further out from the city to get away from all the city noise. However, lack of amenities at the project serves no purpose. The amenities provided at Brigade Woods and Godrej Aqua Apartment Bangalore cater to individual customer requirements. The location of either of the projects support the amenities that are provided keeping the customer preference and affordability in mind.<br />
In conclusion, it’s a safe bet investing with Brigade Woods or Godrej Aqua for the flawless location benefits that ensure residents lead a safe, secure, comfortable and a serene lifestyle while away from the city!<br />
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Also Read:<br />
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<a href="http://realestateapartmentmumbai.blogspot.com/2018/09/puranik-city-upcoming-apartment-located.html" target="_blank">Upcoming Real Estate Apartment In Mumbai</a><br />
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<a href="http://puranikcityneral.over-blog.com/2018/09/puranik-city-neral-coming-with-row-house-for-sale-in-neral-mumbai.html" target="_blank">Looking To Buy Rowhouse in Mumbai - Puranik City Neral</a><br />
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Brigade Woods & Godrej Aqua - How does location fair out and contribute to project credibility?

Why does location play such a pivotal role in contributing to the credibility of the project? What is its impact on customer purchase decis...

14:36

Godrej Cosmopolis Apartment Coming at Sector 106 Gurgaon

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The Godrej Group comes up with another of its marvellous projects – Godrej Cosmopolis in Sector 106, Gurgaon. The project puts you in awe with its fashionable design and ultra-luxury and sustainable features. The <a href="http://godrejcosmopolis.grihhpravesh.com/" target="_blank" title="Godrej Cosmopolis Gurgaon">Godrej Cosmopolis Gurgaon</a> promises to reshape the skyline with its exclusive design and architecture. It is a pre-launched project and will be available for possessions soon.<br />
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The Godrej Group is a leading real estate builder in the country with a vision to aspire to be the country’s top real estate company while continuing the legacy of trust and excellence. It carries 119 years old legacy of trust and excellence.<br />
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<tr><td style="text-align: center;"><a href="https://2.bp.blogspot.com/-rt7udrJ7PxA/W2l1Amt4w6I/AAAAAAAADc4/SLkQq-2LQeEzXuHoCdem6ZhraiWIgI-ZACLcBGAs/s1600/Godrej%2Bcosmopolis%2B12.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="900" data-original-width="1600" height="225" src="https://2.bp.blogspot.com/-rt7udrJ7PxA/W2l1Amt4w6I/AAAAAAAADc4/SLkQq-2LQeEzXuHoCdem6ZhraiWIgI-ZACLcBGAs/s400/Godrej%2Bcosmopolis%2B12.jpg" title="Godrej Cosmopolis" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Godrej Cosmopolis Gurgaon</td></tr>
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<b>The Advantages of Being in the IT Capital of Gurgaon</b><br />
Godrej Cosmopolis’ location is chosen strategically being in the middle of all modern and basic civic amenities. Sector 106 in suburb Dwarka Expressway has always been the finest locations in Gurgaon with its smooth connectivity to all the major areas assisting to join the business links, magnificent social infrastructure and planning, and unparalleled scenic landscapes. Gurgaon is the most important IT hub of the nation which is the reason for generating job opportunities for its residents and also a fair share of the Indian economy.<br />
<a href="https://godrejhomeindia.wordpress.com/2018/07/07/godrej-cosmopolis-noida-gives-a-great-opportunity-to-live-stylesh/" target="_blank" title="Godrej Apartment">Godrej apartment</a> location also proposes excellent educational infrastructure being home to some of the popular schools like God Laka Public School, Royal Oak International School, Gyan Deep Public School etc. It also offers the best medical facilities in every field of medicine with hospitals like Vardhman, Surya Medicos, Kalyan Hospital etc.<br />
There are many top builders developing their projects in this area contributing to the rise in the property rates by 11% in the past 41 months. There are 3 ready to move in and 2 under-construction projects in the area.<br />
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<tr><td style="text-align: center;"><a href="https://2.bp.blogspot.com/-LX_qwLENus0/W2lzAQuKGVI/AAAAAAAADcw/PSKEzGscVwcQFqxI8C7y_FyVRbhjayztwCEwYBhgL/s1600/Godrej%2BCosmopolis%2BGurgaon.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="448" data-original-width="804" height="222" src="https://2.bp.blogspot.com/-LX_qwLENus0/W2lzAQuKGVI/AAAAAAAADcw/PSKEzGscVwcQFqxI8C7y_FyVRbhjayztwCEwYBhgL/s400/Godrej%2BCosmopolis%2BGurgaon.JPG" title="Godrej Cosmopolis Location" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Godrej Cosmopolis Sector 106 Gurgaon</td></tr>
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<b>Fulfils the Demand for Best Features and Floor Plans</b><br />
The Godrej Cosmopolis spreads over 14 acres of land with the theme – Forest Grove Entrance. It has in all 7 towers, 2 of which are iconic towers having 38 floors each with the modern technology of home automation and the remaining 5 towers have 20 floors each. There are an estimated of 750 units for sale with 2, 3, 4 BHK apartments and penthouses, the exact specifications have not yet been, declared publicly but the base price of the flats are from 1.3 Cr.<br />
The projects come with the latest technology and world-class facilities with its hospitality sector managed by the Taj and Oberoi Group. It is, adorned with a 3-acre clubhouse equipped with a 4 tier gym, 48 seaters private theatre, Poker room, swimming pool, swim-up bar, creche, table tennis, squash, billiards, badminton, cricket pitch, dance room, yoga hall, and a coffee shop.<br />
Its spacious units and excellent ambience combined with the exquisite floor plan to accommodate the daily needs of a modern family help them lead a lavish and comfortable life.<br />
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<b>Trust the Legacy of the Builder</b><br />
The Godrej Group has customer satisfaction and delight as core principles through its 28 years of experience in the field of real estate. It has 81 total successfully delivered projects and 51 ongoing projects under its banner.<br />
The company has already delivered its successful projects over 11.89 million sqft spread over 12 cities across the country. It aspires to be the country’s top real estate builder with its core principles of innovation, excellence, and customer satisfaction.<br />
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The project of Godrej Cosmopolis is definitely the best choice for a <a href="https://homebuyersultimatesolutions.wordpress.com/" target="_blank">family looking for apartments under the budget</a> added to the value of its location. We can always trust a builder with as many achievements and dedication to delivering luxury residential apartments.<br />
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Godrej Cosmopolis Apartment Coming at Sector 106 Gurgaon

The Godrej Group comes up with another of its marvellous projects – Godrej Cosmopolis in Sector 106, Gurgaon. The project puts you in awe w...

16:11

RBI Hikes Interest Rate By 0.25 Percent Will Affect Real Estate

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RBI Hikes Interest Rate In India</h2>
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With the boom in the housing sector, projects like Godrej Aqua is gaining momentum with more and more prospective buyers enquiring for the project even at the pre-launch phase. Buying a home anyways means for most of the people are acquiring home loans. But the 0.25% hike by RBI is definitely going to affect the real estate by large.<br />
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The Reserve Bank of India (RBI) in its third every other month arrangement of the current monetary, on August 1, 2018, raised the benchmark repo, or the transient rate at which it loans to different banks, by 0.25 percent, to 6.5 percent. The six-part Monetary Policy Committee (MPC), headed by RBI representative Urjit Patel, kept its position at unbiased. The invert repo rate, at which it acquires from banks, was likewise raised by the comparative extent to 6.25 percent. The marginal standing facility (MSF) rate and the Bank Rate, were additionally raised to 6.75 percent. Foreseeing firming of loan cost, the nation's biggest bank, SBI, raised repaired store rate by to 0.1 percent. Different banks are likewise liable to solidify loaning rates, making loans costlier for borrowers.<br />
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<tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-GAPTDVxJfb4/W2V0mQixsVI/AAAAAAAADcQ/3XUkAPai8QoNW0IsBAtjo-VJgIObIm9fACLcBGAs/s1600/INTEREST%2BRATE%2BHikes.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="900" data-original-width="1600" height="225" src="https://1.bp.blogspot.com/-GAPTDVxJfb4/W2V0mQixsVI/AAAAAAAADcQ/3XUkAPai8QoNW0IsBAtjo-VJgIObIm9fACLcBGAs/s400/INTEREST%2BRATE%2BHikes.jpg" title="RBI Intrest Rate Hiikes" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Interest Rate Hikes</td></tr>
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<h3 style="text-align: left;">
<b>Impact On The Borrowers</b></h3>
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As per the national bank's command, every one of the credits including home advances dispensed on or after April 1, 2016 ought to be connected to MCLR. Banks are allowed to choose whether to energize extra check well beyond MCLR or not. Nonetheless, the loaning rate can't be beneath the MCLR.<br />
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New home credit borrowers planning to invest in upcoming projects such as <a href="http://godrejaqua.houseey.com/" target="_blank">Godrej Aqua</a> residential project ought to broadly think about the loan costs offered by different moneylenders previously accepting the last call as home advance rates change generally crosswise over banks and housing finance companies.<br />
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For existing borrowers, the EMI weight will just increment here on out as banks have just begun climbing rates. Be that as it may, this expansion of EMI will be felt by you when the reset date of your loan arrives. On the reset date, your future EMIs will be computed in view of the MCLR compelling on that date.<br />
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<h3 style="text-align: left;">
<b>What The New Borrowers Should Do?</b></h3>
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If you are one of those who are eyeing to put resources into Godrej Aqua <a href="https://www.slideshare.net/siyasingh7/godrej-aqua-godrej-aqua-hosahalli-bangalore" target="_blank">apartment Bangalore</a>, it is imperative to know that in the event that the home credit financing costs increments after the reset dates at that point existing home advance borrowers can analyze the home advance rates offered by different moneylenders and figure the potential funds from home advance exchange. On the off chance that the investment funds are significant, they should first consult with their current moneylender to diminish the loan cost. In the event that it fails, at that point, you can hope to settle on home advance exchange to another bank.<br />
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In the event that you have been looking out for the sidelines for a rate cut, you ought not to hold up any more. Banks have been expanding their MCLRs referring to the climb in the cost of assets before the RBI climbed the arrangement rates. It is likely that banks may build the rates additionally post the climb in repo rate.<br />
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In any case, to bring down you are compared regularly scheduled payment (EMI) trouble, you could apply for a credit under the Pradhan Mantri Awas Yojana. It is a credit-linked interest subsidy offered based on your salary level. The due date to profit the advantage under this plan is March 31, 2019.<br />
This rate climb has not shocked many. Numerous budgetary foundations in their examination reports have just discussed RBI moving to a more hawkish position.<br />
As per an Economic Times report, RBI's representative senator, Viral Acharya, showed in the April's financial arrangement meeting minutes for the move of position from nonpartisan to the withdrawal of settlement, i.e., the plausibility of climbing loan fee in the forthcoming fiscal approaches.<br />
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<span style="background-color: white; color: #333333; font-family: "verdana" , "geneva" , sans-serif; font-size: 12px;"><a href="https://issuu.com/homebuyer12/docs/godrej_aqua_infohttps://issuu.com/homebuyer12/docs/godrej_aqua_info" target="_blank">Godrej Property Hosahalli Bangalore</a></span><br />
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RBI Hikes Interest Rate By 0.25 Percent Will Affect Real Estate

RBI Hikes Interest Rate In India With the boom in the housing sector, projects like Godrej Aqua is gaining momentum with more and more p...

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RBI Hikes Interest Rate By 0.25 Percent Will Affect Real Estate

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