indian property tax
The three municipal corporations of Delhi have collected crores of rupees through property tax this financial year. East Delhi Municipal Corporation has collected Rs 140 crore and has been rated as the highest. There were 2,10,837 tax payers this year whereas, last year, the number of tax payers was 2,04,117. A corporation official said that [...] Continue Reading »
North Delhi Municipal corporation has been carrying out an identification technique in order to register all the unregistered properties in the city. Around 60,000 new properties have been registered with NDMC under the tax net within the past one year. Soon tax defaulters will be sent notice by post by the municipal corporation. With the [...] Continue Reading »
Commercial property located within a radius of one kilometre from any metro line in Delhi is likely to witness a hike in property tax very soon. The three new municipal corporation heads have given a positive nod for the move. Considering the assembly elections scheduled next year, residential properties will be excluded from the hike. [...] Continue Reading »
The fight between North and South Delhi Municipal Corporation for the ownership of the Civic Centre getting murkier day by day. With the North Corporation demanding property tax from South Corporation against the use of premises at the 28-storey building, the South Corporation is questioning the ownership claims of North Corporation over it. The South [...] Continue Reading »
Though the commissioner has proposed new taxes and hike in parking rates, East Delhi Municipal Corporation will not hike taxes and parking rates. The corporation is planning to develop more parking sites and had asked for a package worth Rs. 7500 crore from the Delhi Finance Commission for the work. It was decided in a [...] Continue Reading »
Gurgaon: Within the next one and half months, Municipal Corporation Gurgaon (MCG) is all set to collect the property tax from the residents of New Gurgaon areas. As the collection of tax was pending since 2008, the civic body is aggressive enough to collect the house tax. From now onwards, the civic body has decided to [...] Continue Reading »
Delhi: Under the budget estimate for 2013-2014, South Delhi Municipal corporation (SDMC) has spared a hike in property tax for their residents. The corporation will focus on the collection of property tax and will not increase the tax rate and no additional tax or surcharge will be applied. The corporation is trying to bring more [...] Continue Reading »
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 [...] Continue Reading »
Financial crunches often strikes NMC as the civic body have not recovered Rs 50 crore property tax from the owners. Around 4,105 property tax defaulters owe Nagpur municipal corporation (NMC) crores of rupees as property tax. A total of 674 defaulters owe tax dues ranging between Rs 50,000 and over Rs 1 lakh in Laxmi [...] Continue Reading »
The property tax is likely to witness an increase in both residential and commercial properties. A draft of the proposed rates will be issued a day before Diwali. The property owners may have to pay more tax for the second half of the year (October-March). If the proposal is accepted, the minimum tax for residential [...] Continue Reading »
