Kalyan civic body buys realty worth Rs 11 crore for Rs 3

KALYAN: The Kalyan-Dombivli Municipal Corporation (KDMC) has acquired three properties collectively worth around Rs 11 crore belonging to tax defaulters for Rs 3.

The civic corporation has started taking action against property tax defaulters and recovering arrears. “We managed to collect crores of dues because of our campaign. We are now going after the big fish who have not paid taxes for the last few years despite us sending them several notices,” said a civic official.

KDMC records showed that Gomubai Chaudhari, Ramesh Kalan and Ananta Thakkar owed the civic body over Rs 1 crore. “Recently, we sealed their property and issued notices about the auction of assets. Since Chaudhari, Kalan and Thakkar did not pay up by Friday, their assets were auctioned,” the official added.

“We had kept the value of properties as the upset price (the lowest price at which a property may be sold at a public sale) for auction but when we found that no one had come forward to buy the assets, the civic corporation purchased all three properties at a minimum rate of Rs 1 each,” said Anil Lad, in-charge of the tax department of the civic body.

“Under the law, if no one comes to buy assets, then the civic body can purchase the property at a minimum price as it will be used for the benefit of citizens,” he added.

Source-Economic Times

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