City Corporate & Business Plan - Municipal
City Corporate & Business Plan - Municipal
City Corporate & Business Plan - Municipal
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Chapter ñ 14 Final Report: Ambur <strong>Municipal</strong>ity<br />
that the next revision will be carried out in the current year. It is assumed that there<br />
will be an increase of 25% due to revision in 2008-09 & that revision would be done @<br />
15% every 5 years.<br />
It has also been established as per the Survey in 2002 that around 27% of the<br />
properties are unassessed and further 20-25% of the properties are unassessed.<br />
Considering the above, it is assumed that the same shall be set right and together<br />
these shall contribute to increase in property tax revenue by 25% from next year viz.<br />
2009-10, after completion of GIS mapping.<br />
The Property Tax income is divided between Revenue, Water Supply and Education<br />
Fund in the following ratio:<br />
Table 14-5: Ratio of Property tax<br />
Per Annum<br />
General 8.000% )<br />
Scavanging 2.000% ) Revenue & Capital Fund<br />
Lighting 6.000% )<br />
Water Tax 12.000% } Water Supply & Drainage Fund<br />
Drainage 1.000% }<br />
Education 5.000% ] Education Fund<br />
Total 34.000%<br />
14.5.2 Profession tax<br />
Income from Profession Tax is assumed to increase @ 3% per annum. The Profession<br />
Tax was last revised on 1.10.2003 and the next revision is due in 2008-09. It is assumed<br />
that every revision would contribute to 15% increase.<br />
Besides, the profession tax base would be increased by carrying out survey in 2010-<br />
11. It is assumed that the survey would increase the profession tax base by 20% in<br />
2010-11.<br />
14.5.3 Assigned revenue<br />
Assigned Revenue comprises Entertainment Tax and Surcharge on Stamp Duty. It is<br />
assumed the same shall increase as under :<br />
Duty on Transfer of Property : 5.00%<br />
Entertainment Tax : 1.50%<br />
14.5.4 Devolution Fund<br />
Devolution Fund is also assumed to increase by 7.5% per annum<br />
14.5.5 Service charges and fees<br />
Service Charges and Fees are assumed to increase @ 5% per annum<br />
- 150 -<br />
Voyants Solutions Private Limited