It would put a heavy burden on senior citizens. In principle also, it is faulty as the capital value is notional and accrues only if property is sold, in which case there is an appropriate mechanism for taxing capital gains. I wish the welfare associations get together and decide on course of action, one to challenge in court of law and secondly boycott payment of property tax, until it is cast on more meaningful basis.

M.N.Subba Rao,
14th Cross, BSK 2nd Stage,
Bangalore