Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Madurai

Madurai Corporation achieves record property tax collection in April 2025

The Madurai Corporation recently announced that its April 2025 property tax collections totaled an unprecedented INR 54.91 crore, the highest amount of money collected in a single month in the corporation's history. This achievement was driven by a 5% early payment rebate scheme, capped at INR 5,000 per taxpayer, and a series of awareness campaigns. The corporation also deployed assistant revenue officers and bill collectors across all 100 wards, ensuring accessibility and convenience for residents. This proactive approach resulted in a substantial increase compared to the previous year's collections.Read more

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Madurai Corporation expansion boosts city area to 237.99 sq km integrating 17 panchayats

Madurai's transformation into a modern urban hub takes a leap forward with the Tamil Nadu government's approval to expand the city's corporation limits. The integration of 16 village panchayats and one town panchayat will increase Madurai's area from 147.99 sq km to 237.99 sq km and its population from 18.5 lakh to nearly 20 lakh. Key areas like Othakadai, Perungudi, and Chettikulam, driven by IT parks and infrastructure projects, will benefit from improved civic amenities and streamlined governance. The expansion aligns Madurai's historical legacy with contemporary development, setting the stage for enhanced economic opportunities and urban growth.Read more

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Madurai Metro Phase 1 to connect key hubs with a INR 11,368 crore investment

Vidhi Sangoi

The Madurai Metro, a transformative project for Tamil Nadu's ancient city, aims to modernize urban transit and reduce traffic congestion. Spanning 31 km with 27 stations from Thirumangalam to Othakadai, the metro will feature elevated and underground sections serving key commercial, residential, and transit hubs. Estimated at INR 11,368 crore, it will be funded through state, central, and international sources. Expected to begin construction by late 2024 and operational by 2027, the project promises eco-friendly, efficient travel. With modern amenities and a focus on sustainability, the Madurai Metro will enhance connectivity, boost economic growth, and improve quality of life for residents.Read more

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TIDEL Park in Madurai set for completion by January 2026, promising 6,000 job opportunities

TIDEL Park in Madurai is set for completion by January 2026, as confirmed by state minister T R B Raja during his site visit. Covering 5.34 lakh square feet, the park will create approximately 5,000 direct and 1,000 indirect jobs, reducing the need for local job seekers to travel to Chennai for IT roles. This initiative is part of Tamil Nadu's broader strategy to decentralise IT opportunities and promote regional growth, alongside similar projects in Karaikudi and Tuticorin. Additionally, a new Sipcot project aims to attract larger companies, further enhancing Madurai's industrial landscape and employment prospects.Read more

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Madurai Corporation faces backlash over 6% property tax hike

The Madurai Corporation plans to implement a 6% increase in property tax starting from 1st October for the second half of the financial year. Opposition councillors criticise the decision for lacking adequate notice and burdening taxpayers again. Corporation officials anticipate collecting INR 230 crore in property taxes for 2023-24, with a target of over INR 260 crore for 2024-25, in line with the Tamil Nadu Urban Local Bodies Rules, 2023. Commissioner Dinesh Kumar defends the hike, citing the need for proportional tax collection to secure government funds. To encourage timely payments, the corporation offers incentives, including a 5% discount for early payers.Read more

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TIDEL Park Limited opens tender for Madurai's INR 600 crore IT Park construction

TIDEL Park Limited has announced a tender for constructing an IT park in Mattuthavani, Madurai, featuring a ground floor, twelve additional floors, and a terrace. The project, with a submission deadline of September 7, 2024, will also include civil construction and interior finishing. The Madurai Corporation Council has leased 5.6 acres of land for 45 years to facilitate this INR 600 crore project, expected to create 10,000 jobs. Spearheaded by Chief Minister M. K. Stalin, this initiative aims to transform Madurai into a technology hub, boosting its industrial growth and economic prospects.Read more

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VCK party and residents protest poor maintenance at Melavasal Housing Complex

Residents of the Melavasal Housing Board complex in Madurai have staged a protest, expressing their dissatisfaction with the maintenance of the housing complex by the Madurai Corporation. The complex, home to around 4,500 residents, has been facing issues like a leaky underground drainage system, foul odours, and accumulating garbage. The residents handed over the maintenance responsibility to the Madurai Corporation in 2016-17. However, they complain of poor sanitation and inadequate cleaning efforts. Tensions are rising, and the Viduthalai Chiruthaigal Katchi (VCK) party has threatened road picketing if the issues are not resolved, highlighting the urgency of addressing residents' concerns.Read more

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Madurai's Fiscal Triumph: Property tax collection soars to Rs 138 crore

The Madurai City Corporation has significantly improved its ranking in property tax collection, moving from 16th to 11th place among 20 corporations in the state during the first half of the year. Officials report that the monthly average of total tax and non-tax revenue collection has increased from '32 crore in 2022-23 to '38 crore this year, with '138 crore collected by August. Notably, '90 crores have been collected as property tax in the first five months of the financial year, surpassing the previous year's total of '156 crore. The tax incentives and collection drives have contributed to this positive trend.Read more

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Transforming Madurai's transportation landscape: Final DPR unveiled for metro project

The Chennai Metro Rail Limited (CMRL) has revealed the final detailed project report (DPR) for the Madurai Metro Project, showcasing ambitious plans for the construction of 27 metro stations along a 32 km rail track. The revised plan includes a combination of underground and elevated corridors to enhance connectivity in Madurai. The submission of the DPRs for both the Madurai Metro and Coimbatore Metro projects is scheduled for July 15, with the aim of completing the Madurai metro within four years.Read more

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