House tax to go down in Faridabad | india | Hindustan Times
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House tax to go down in Faridabad

Faridabad residents have a reason to cheer — the government has decided to bring down house tax. But the Municipal Corporation of Faridabad (MCF) is likely to implement the decision once the state government issues a notification in this connection.

india Updated: Apr 20, 2011 23:57 IST
Prabhu Razdan

Faridabad residents have a reason to cheer — the government has decided to bring down house tax. But the Municipal Corporation of Faridabad (MCF) is likely to implement the decision once the state government issues a notification in this connection.

Officials from the civic body said as per the decision, about one lakh households will benefit from low house tax.

"Now we are supposed to charge just Rs 1 per square yard up to 250 square yard plot and exempt the built up areas
from house tax," said an official of MCF.

"The civic body currently charges house tax from 2.21 lakh houses including vacant plots under the municipal area," a senior officer said.

However, houses in more than 250 square yard land will have to shell more as their house tax will be calculated on the basis of the current circle rate as well as built-up area.

"We are hoping under the new house tax policy our revenue grows,” said D Suresh, municipal commissioner.

"The MCF will lose about 1.15 lakh houses as house tax has been drastically reduced to just R1 per square yard up to 250 square yard on yearly basis," an MCF official said.

Sources said since Faridabad comes under JNNURM scheme, covering of 85% houses in the municipal area under house tax is mandatory.