Chandigarh, April 10 -- A delegation of the Aam Aadmi Party (AAP) headed by local party president Vijay Singh met with chief secretary Rajeev Verma on Wednesday and submitted a memorandum demanding immediate roll-back of hiked in property tax in the city.

Property tax, initially introduced in 2004 at 3% of the annual rateable value (ARV) for commercial, industrial and institutional buildings, was extended to residential properties in 2015. Ever since, despite nearly a decade of inflation and the civic body's growing financial strain, the rates remained unchanged, until now. According to the administration's latest notification, residential property tax will now be charged at 9% of ARV- three times the previous rate, while commercial and ...