Home Current Affairs Economy July 2026 Week of 27 Jul 2026 Greater Chennai Corporation Collects ₹157.39 Crore …
Economy

Greater Chennai Corporation Collects ₹157.39 Crore in Special Property Tax Drive

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Greater Chennai Corporation Collects ₹157.39 Crore in Special Property Tax Drive

The Greater Chennai Corporation (GCC) collected ₹157.39 crore in property tax during a special intensive collection drive conducted between 3 and 29 July 2026, with the drive concluding on 31 July 2026 and enforcement action planned against defaulters.

Background

Property tax is a major own-source revenue for urban local bodies in India, funding civic services such as roads, sanitation and street lighting. Periodic special drives are used by municipal corporations to improve tax compliance and reduce arrears.

Key Highlights

  • The drive ran from 3 July to 29 July 2026, concluding officially on 31 July.
  • Enforcement actions against defaulters are planned following the drive's conclusion.
  • Property tax is a key source of municipal own revenue, distinct from grants from state/central governments.

TNPSC Relevance

Municipal finance, sources of local body revenue, and fiscal administration are relevant to the Governance and Economy sections of TNPSC exams.

Static GK Links

  • Urban local bodies' own revenue sources include property tax, professional tax, and user charges.
  • The 74th Constitutional Amendment enabled State Finance Commissions to recommend devolution of funds to local bodies.

Exam Notes

Memory tip: Property tax = principal own-source revenue for urban local bodies like GCC.

TNPSC MCQs

No.QuestionAnswer
1How much did GCC collect in its July 2026 special property tax drive?₹157.39 crore — Explanation: Collected between 3 and 29 July 2026.
2Property tax is an example of which type of municipal revenue?Own-source revenue — Explanation: As opposed to grants-in-aid from state/central governments.
3Which body recommends devolution of funds to local bodies in states?State Finance Commission — Explanation: Constituted under the 74th (and 73rd) Constitutional Amendment framework.
Written by: Janani — Content Editor, TNCareerHub
Published:
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