Relief for tax payers in NDMC areas
People living in New Delhi Municipal Council (NDMC) areas can now pay their property taxes based on the old method.delhi Updated: Dec 09, 2009 01:11 IST
People living in New Delhi Municipal Council (NDMC) areas can now pay their property taxes based on the old method.
The civic body has introduced a new way of calculating tax—the unit area method, which is based on the floor area.
But many residents are opposed to the new system. They said the method jacked up their property tax substantially.
Delhi Chief Minister Sheila Dikshit had called a meeting of residents and civic body officials on Tuesday to discuss the property tax issue.
“We had a meeting with the chief minister and she has assured to re-look into the matter. She has suggested residents can pay taxes based on earlier years' method and file their objections if they have any,” said Atul Bhargava, president of New Delhi Trader's Association.
According to the residents, the chief minister has assured them that if the need be, the matter would be referred to the Home Ministry.
"The new property tax scheme introduced by NDMC is unfair and on an average property tax liabilities are going up by more than 20 times compared to the previous method.
We informed the CM that property tax under NDMC is 25 times higher compared to MCD.
If Delhi is one why have two different methods of calculating tax?" added Bhargava.
According to traders of NDMC area, commercial rented properties will suffer more, as they will be charged higher rates compared with residential rented property.
"The civic body proposes to value all properties in NDMC areas at the same rate. As such, posh Khan Market and Khanna Market are supposed to be valued on the same basis. This is unfair," said Anshu Tandon, president of the Khan Market Welfare Association.