Tamil Nadu extends time for payment of property tax by three months

CHENNAI: In a relief to the people put to hardships due to coronavirus crisis,Tamil Nadu Chief Minister K. Palaniswami on Tuesday extended the time for making due payments for various loans and other payments by three months.

In a statement issued here, Palaniswami said that the payment of property tax, water charges, farm loan instalments to cooperatives, housing loan instalments to cooperatives,Tamil Nadu Housing Board, loan instalments to fishery and handloom cooperatives had been deferred.

The government also announced extension in time for loan repayments to Tamil Nadu Industrial Investment Corporation (TIIC) and soft loans availed from State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT) and payment of maintenance expenses to units operating in SIPCOT industrial estates.

According to Palaniswami, a special fund of Rs 200 crore will be operated for funding the urgent needs of micro, small and medium sized units.

The period of renewal of driving licences and obtaining fitness certificates for vehicles has also been extended till June 30, 2020.

Source: https://realty.economictimes.indiatimes.com/news/regulatory/tamil-nadu-extends-time-for-payment-of-property-tax-by-three-months/74917158

March 31, 2020

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