Secunderabad Cantonment Board to collect property transfer tax directly from June 1, rate unchanged at 5%

The Secunderabad Cantonment Board (SCB) has resolved to collect Transfer of Property Tax (TPT) directly from applicants, with the revised system set to come into effect from June 1, according to CEO Arvind Kumar Dwivedi.

The decision was taken during a board meeting held on Monday, where officials discussed changes to the mode of collection of TPT charges in the cantonment area. Under the new mechanism, all property transfers within the Secunderabad Cantonment jurisdiction from June 1 onwards will require the TPT to be paid directly to the Cantonment Board. Until now, the tax was being collected through the Sub-Registrar Office at the time of registration.