Property tax to trouble Patiala residents
Patiala- The unit evaluation committee of Patiala Municipal Corporation (MC) has fixed the unit values of the properties per square metre according to five categories defined by the Punjab government.
The property tax calculation will be done based on several parameters such as usage factor, type factor, structural factor, occupancy factor and most importantly, the age factor.
The tax for residential areas has been fixed around 1 percent of 5 percent of the total unit value of that property and for commercial properties (including shops, schools, private hospitals, etc), the property tax would range between 1 to 15 percent of the total unit value.
For vacant plots, property tax of around 1 to 0.25 percent of the total unit value would be applicable. Properties like shopping malls, marriage palaces and three and four-star hotels would have to pay 1 to 20 percent of the total unit value.
The rates fixed by the Patiala MC will first be kept open for inviting public suggestions/objections and only after that it would be finalised.
The Corporation plans to collect Rs 60 crore for the development expenses every year in order to make the corporation self-sufficient.
According to the civic body, the property tax would be imposed on the carpet area on which the property has been constructed upon, and not the area which is lying vacant in the plot. However owners utilising only 25 percent of the total area of a plot will have to pay tax for the entire plot area as per rates.
Unit values as fixed by Patiala Municipal Corporation:
| Zone | Unit values (in Rs/sq m) |
| Commercial and posh | 1,20,751 |
| Residential posh areas | 55162 |
| Planned or unplanned city areas including walled areas | 34, 181 |
| Colonies in outer areas | 25, 689 |
| Poor areas and slums | 18323 |
Posh commercial cum residential areas- If the property is less than 20 years old, then the charge will be Rs. 58 per square yard per annum.
Posh residential areas- If the property has been built in the last 20 years – Rs. 27 per square yard per annum.
Planned or unplanned city residential colonies, including the walled city areas – If the house has been built in the last 20 years then tax applied will be Rs. 15 per square yard per annum.
Colonies in city outer areas- If the house has been built in the last 20 years – Rs 11 per square yard per annum.
Slums or other poor areas- If the house has been built in the last 20 years – Rs 8 per square yard per annum.
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