Property tax hike on fast track: panel submits report | delhi | Hindustan Times
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Property tax hike on fast track: panel submits report

delhi Updated: Jul 26, 2010 23:47 IST
Neelam Pandey

The Municipal Valuation Committee (MVC) constituted by the Delhi government to review property tax in the city has submitted its report to the Municipal Corporation of Delhi (MCD).

The high powered standing committee of the MCD will take a final decision on the matter on Wednesday.

On June 12, Hindustan Times reported how people staying near Delhi Metro lines will have to pay more as property tax.

According to sources, the civic agency cannot reject the committee’s suggestions as it had earlier rejected the report in 2007, making it mandatory for it to accept it now. The committee has suggested upgradation of 168 odd colonies. Currently, the areas under the jurisdiction of the MCD have been divided into eight categories, A to H.

Category A stands for the upscale colonies that pay the highest amount of tax including New Friends Colony, Vasant Kunj, Anand Niketan, among others. The MVC has suggested upgrading 12 category ‘B’ colonies to category ‘A’, 20 ‘C’ category colonies to category ‘B’ and 42 category ‘D’ colonies to category ‘C’ among others.

“The report will be tabled in the meeting on Wednesday and all the members will discuss it and take a final decision on it,” said Yogender Chandolia, chairman of the standing committee of the MCD.

If the report is approved by the committee, it will be made a public document. The public can then make suggestions and objections within 30 days.

Before starting work on the report, the MVC had invited suggestions from Delhiites. “A number of people had suggested that lack of civic services in a colony should lead to reduction in property tax. But this did not appeal to the committee,” said a senior official.