The Greater corporation maintains, supervises, and collects property tax from city residents. Each property, whether it is a building, land, or commercial dwelling, is assigned to a tax slab and so is subject to the Chennai corporate property tax. Corporation of Chennai Property Tax Thus, the yearly rental value is estimated based on property location and plinth area to compute property tax, and the money received from people will be used for a variety of development projects around the city and its environs.