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Old 1st May 2010, 11:52   #16
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of the roads that i have traveled, have noticed that the TN roads (not just the GQs) but SHs as well are in relatively better shape. Just an observation.
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Old 1st May 2010, 12:58   #17
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Quote:
Originally Posted by thangu View Post
The road tax is being increased from the flat 8% to 10% for cars costing less than 10 lacs and 15% for those costing more than 10 lacs. Thats a huge jump for those buying after June 1.

Source: Restrictions on issue of auto permits to go
15% That's daylight robbery, especially when more and more highways are becoming toll roads.

What is the roadtax 5 for commercial vehicles going to be?
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Old 1st May 2010, 16:05   #18
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Does anybody have alternate news sources for this? I searched for news items about the road tax increase but could not find any.
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Old 2nd May 2010, 12:46   #19
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With all the 'Social Spending' on the up to buy votes - someone has to pay for these 'noble causes'
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Old 6th May 2010, 12:23   #20
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Quote:
Originally Posted by madan80 View Post
of the roads that i have traveled, have noticed that the TN roads (not just the GQs) but SHs as well are in relatively better shape. Just an observation.
Agree. Most of the roads are better than in other states. But the hike is too much and that too with tolls being collected in all major highways. This hike will hit sales of new vehicles and the second hand prices of the cars above 10lac will go up slightly.
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Old 10th May 2010, 18:23   #21
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All,

Quick update: There is a new hike proposed and presented as a bill in Assembly today.

Upto ten lakhs: from 8% to 10%
Upto 15 lakhs: to 15%

Source: TamilMurasu
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Old 10th May 2010, 20:39   #22
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Quote:
Originally Posted by Reisender View Post
All,

Quick update: There is a new hike proposed and presented as a bill in Assembly today.

Upto ten lakhs: from 8% to 10%
Upto 15 lakhs: to 15%

Source: TamilMurasu
What is this new slab? What about above 15 lakhs?
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Old 11th May 2010, 01:54   #23
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This link from Hindu business line has an better breakup of the LTT based on the age of the vehicle and divided into 2 categories (ie) < 10L and 10L+. Its good that they have given an exact breakup based on the age of vehicle. This is only for old vehicles that are being re-registered in TN.

The Hindu Business Line : TN hikes life tax on privately-owned four-wheelers

As for new vehicles, its a flat 10% (cost of vehicle <10L) and 15% (cost of vehicle >10L).

Last edited by srikanths1 : 11th May 2010 at 01:59.
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Old 25th May 2010, 17:46   #24
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I am from Kerala and currently residing at Chennai. I am thinking of buying a Scorpio VLX HE 4WD. This Tax hike came as a big shock to me. My budget now needs to be stretched for another 80K if buying from Chennai.

An alternative, I thought of, is to buy from Kerala (where lifetime tax rate is 8%) and use the mHawk in Chennai. Is that a good method to go with?

What other issues may creep up? Do add your suggestions, please

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Old 25th May 2010, 19:07   #25
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Quote:
Originally Posted by NFS View Post
What other issues may creep up? Do add your suggestions, please
Be prepared to deal with cops in TN, if they confront a KL vehicle. Not sure, incase of any insurance claims, the process could become little difficult.
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Old 26th May 2010, 15:34   #26
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Does that mean Cops stop and confront all KL vehicles in Chennai. I agree it happens with two wheelers, but I see a lot of KL Cars plying on Chennai Roads.

Any experiences by anyone? my question is should I pay 80K extra or should I confront cops in Chennai? is it that bad?

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Old 18th June 2010, 17:05   #27
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In April 2008, I paid 6% lifetax for my Safari.
In Jun 2008, it was made 8%. ie. 33% increase.
In Jun 2010, they've increased it to
a)10% for cars that cost 10 lakhs or lesser.
b)15% for cars costing over 10 lakhs.

If one is buying even a decently equipped innova or a scorpio, Imagine the amount of road tax they're gonna be paying.
And I think the 3-series' price has gone through the roof.

6% used to be a formality for non-existent roads. We were greasing the govt's palms to own and use a vehicle.
@ 10 or 15%, its taking the term 'highway robbery' to a whole new level.
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Old 18th June 2010, 17:15   #28
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Quote:
Originally Posted by nitrous View Post
We were greasing the govt's palms to own and use a vehicle.
@ 10 or 15%, its taking the term 'highway robbery' to a whole new level.
And some blokes "cheer" for the idiotic nutcases called "politicians" who does all this mess.

Hey, its a democracy so "we" all are responsible for this mess.

If Gandhi ji knew it was gonna be this messy he might never have took the initiative to set us free from the Brits
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Old 18th June 2010, 17:21   #29
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Angry

Tell me about it.
And there hasn't been a sign of any protest by the opposition.
Why?
1. This doesn't concern the lower economic class directly.
2. The fancy cars owned by the politicians will come to light.

End of the day, there's no voice for the economic class that own a car.
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Old 18th June 2010, 17:25   #30
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Recently I had a chat with one two dealers. The tax hike was well marketed by the dealers and they celebrated some parties in May 2010.

But in June, they are really struggling to achieve the targets.
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