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adProperty News For December 2011

Values that indicate property rates
Source : The Hindu Published On : 2011-12-10 City : Erode

Values That Indicate Property Rates

The Registration Department is revising the guideline values across the State. In Coimbatore, the public can submit their suggestions and objections over the revised draft values till December 15.

The draft values are available onlineĀ  at the sub-registrar offices, and at all local bodies.

Guideline values, also known as property value register, indicate the value of a property in a specific locality. The Department uses the value as the base to register a document. The stamp duty and registration fees are collected according to the guideline value....

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Now, conserve energy in homes and offices
Source : The Hindu Published On : 2011-12-10 City : coimbatore

Now, Conserve Energy in Homes and Offices

With several inputs and innovations on concrete, the most widely used material in civil infrastructure, energy consumption in buildings can be reduced.

Speaking at CONSTECH 2011, an interactive session between practitioners and researchers in civil engineering organised by URC Construction, EBET Group of Institutions, and Dr. Mahalingam College of Engineering and Technology in Coimbatore recently, Surendra P. Shah, Walter P. Murphy Professor of Civil Engineering (Emeritus), Northwestern University, USA, said that world's expenditure on concrete was about one-third a trillion dollars.

Globally, buildings consumed 30 per cent of energy. Energy consumption could be reduced by prolonging the life of concrete, making it multi-functional, using less cement, making it a high performance material and recycling demolition waste concrete....

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Revised building tax norms draws flak
Source : The Hindu Published On : 2011-12-10 City : Thiruvananthapuram

Revised Building Tax Norms Draws Flak

Commercial property market has grown rapidly in the State in the past few years on the back of various factors such as the increasing retail business. The demand for commercial space has been growing in most Corporation and municipal areas.

But property developers say the revised building tax structure brought into effect in April is spoiling the party. The rules, framed in 2007 based on the total plinth area for residential and commercial buildings, had been kept in abeyance for a few years in the wake of protests from various quarters. But the government, in January this year, adopted the rules without any meaningful discussions, M. Mohammed, president, Kerala Building Owners' Association, says.

Under the provisions, building owners have to calculate their own property tax as per various norms. The tax is based on the plinth area of the building and not on the annual rental value as in the old method that came into force some 17 years ago....

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