Areas under NDMC to pay double property tax
Delhi – North Delhi Municipal Corporation (NDMC) has proposed to double the property tax in the area under its supervision.
There is a hike of 170% in the base unit area value and 3-5 % increase in the rate of tax across all categories of colonies, as per the proposed budget by commissioner P K Gupta.
The commissioner stressed on the financial health, as a loan of Rs 790 crore has to be paid to the Delhi Government. Although the civic agency declared to increase the base unit area value across all categories of colonies by 1.7 times. This hike will increase the revenue by approximately Rs 200 crore.
The tax collection was low, as there is no division of A and B categories in colonies whereas they have D and E colonies. E colony has places like Rohini included in the categories.
Although the base unit value was revised in 2004, yet tax collection was increased marginally in 2009. According to one of the officials, the tax calculated after the hike is much less than, what people pay under the rateable value method.
Last year corporation has combined all the commercial properties like cinema halls, guest houses, paying guest accommodations, shopping complexes, lodges, inns etc which covered of 150 sq meter of area and above under one category.
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