According to Namma Bengaluru Foundation, the property owners may face increased tax burdens, particularly if the guidance values are higher than the current property assessments. It said that this sudden change could be financially burdensome for residents, especially those on fixed incomes.
The Karnataka High Court has issued guidelines to be followed by Bruhat Bengaluru Mahanagara Palike (BBMP) while reopening self-assessment of property tax against property owners where returns are not.
The BBMP had dug up a portion of the lane last year in order to construct a skywalk in the vicinity, to facilitate movement of pedestrians in the area who are predominantly students from Bhartiya Vidya Bhavan and RC College as the volume of traffic received by Race Course Road was immense, increasing the possibility of pedestrian casualties severely.
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They said the road connects Hosakerehalli to other parts of the city, educational institutions and hospitals in the area. However, commuting on the stretch has become a daily hardship for residents due to its appalling state.