On Friday, the MCG held a meeting with officials of the Oriental Bank of Commerce (OBC) to execute its proposed plan in this regard.
Making it clear that residents are bound to pay the house tax, the MCG commissioner Vijay Singh Dahiya said that OBC will open 20 branches as tax collection centres to start with.
In the meeting, the bank officials were also made aware of the MCG' self assessment scheme for tax payers.
The MCG is expecting the recovery of house tax from at least four lakh properties in Gurgaon.
Two sub committees have been formed to recover the money. One committee is assigned for redressal of complaints after around 50,000 objections were raised by the residents.
According to the MCG's assessment, more than Rs. 200 crore of outstanding tax can be recovered if objections are taken care of. These objections range an error in the name and address of the property owner to discrepancies in calculation of tax.