Larger Chennai Company’s personal income up by 17 per cent in 2024-25

Larger Chennai Company (GCC) has managed to extend its personal income by 17 per cent to ₹3,052 crore in 2024-25 (revised estimate) from ₹2,609 crore in 2023-24 (actuals). For 2025-26, it’s budgeted to be ₹3,186 crore, in accordance with GCC’s Finances paperwork.

In 2025-26, income from property tax is budgeted to be 63 per cent; professionals tax 19 per cent; price and person fees 11 per cent and different earnings 7 per cent.

Equally, income receipts have elevated to ₹4,987 crore in 2024-25 (₹4,675 crore in 2023-24). For 2025-26, it is going to be ₹5,146 crore.

Capital expenditure has elevated to ₹2,953 crore in 2024-25 (₹2,940 crore). For the yr 2025-26, it is going to be ₹3,191 crore.

Income deficit

Income deficit in 2024-25 was anticipated to be ₹452 crore in 2024-25 as towards a surplus of ₹333 crore in 2023-24 (together with switch of capex).

Out of the entire allocation, ₹1,032 crore is allotted for storm water drainage, ₹628 crore for bus route roads; ₹413 crore for buildings; ₹352 crore for stable waste administration; ₹281 crore for zones; ₹179 crore for particular tasks; ₹164 crore for bridges and ₹142 crore for others, the doc stated. The GCC additionally plans to beautify areas underneath flyovers in T Nagar, Anna Salai, Royapettah, Egmore and Perambur at a value of ₹42 crore.

QR code-based tax system

The GCC will introduce a QR code-based tax system and commerce licence funds. This may enable residents to pay property tax, charges for identify modifications, commerce licence charges, and different fees immediately by scanning a QR code, GCC Mayor R Priya, stated in her speech.