Revenue dept issues order, flat owners can now pay land tax & get receipt

In a landmark move, the revenue department has decided to issue land tax receipts to flat owners.

- K S SREEJITH @T'Puram

In a landmark move, the revenue department has decided to issue land tax receipts to flat owners. The decision comes after the government decided to bring in a unified system for mutation and receipt of land tax for flats from individual owners.

Until now, when a part of the land is handed over to the buyer, and if the land is not divided individually, the landowner would pay the tax as an undivided share. However, flat owners face an issue when they approach banks or other financial institutions for loans.