NDMC rejigs property tax

Updated on Feb 19, 2008 02:18 AM IST
From April property owners in New Delhi will have to pay property tax on the basis of unit area based system, reports Aruna P Sharma.
HT Image
HT Image
Hindustan Times | ByAruna P Sharma, New Delhi

From April property owners in New Delhi area will have to pay property tax on the basis of unit area based system. This means that properties next to each other under similar use will henceforth be taxed at the same rate. There will, however, be concessions if a building is old and under self-use.

People living in self-owned flats or premises will have to pay less tax under the new system, while rented and commercial properties may end up paying more or as much as they are paying now.

For ushering in the new system, the New Delhi Municipal Council (NDMC) has amended House Tax Bye-Laws and invited public objections. Privately owned properties in Bengali Market, Jor Bagh, Golf Links, Sardar Patel Marg, Malcha Marg, Prithvi Raj Road, BK Dutt colony and multi-storied flats in Lutyens Zone will have the option of paying through this simplified self assessment scheme. (Government properties only have to pay service tax).

NDMC Projects Director Anurag Goyal said the new system is a modified version of the unit area method applicable to the rest of Delhi governed by the MCD.

“Property owners living in self-owned houses and vacant properties will get considerable relief as the rental value or rateable value (RV) of the property on which tax is levied will go down considerably for such properties,” Goyal said.

Privately owned bungalows in Lutyens Zone may have to pay higher taxes. Even commercial buildings, where many of the old occupants are paying low rent, will have to pay more tax.

The base value of a property in the areas administered by NDMC has been fixed at Rs 1,000 per square metre of built up area. This has to be multiplied by various factors for use of the premises, age of the building, etc. As for age of the property, there is a 10 per cent concession if the property is built between 1990 and 2000, 20 per cent for properties built between 1980 and 1990, 30 per cent for properties built between 1970 and 1980 and so on.

The NDMC spokesperson said the new system has been modified in such a way that there is no significant fall in revenue and at the same time there is ‘horizontal equity’.

SHARE THIS ARTICLE ON
Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • The skywalk near Viviana Mall in Thane Praful Gangurde/HT Photo

    Locals flag safety concerns on skywalk nearly two km from CM Shinde’s residence

    Four days after a college student was allegedly molested on a skywalk at Manpada, local residents have raised safety concerns over another skywalk in the heart of the city which they claim is taken over by miscreants at night as there are no adequate lights and CCTV cameras. Interestingly, this skywalk near Viviana Mall is barely a few metres from former minister Jitendra Awhad's home and around two km from chief minister Eknath Shinde's residence.

  • Mumbai, India – August 16, 2018: A view of Ramtek Bungalow, at Walkeshwar, in Mumbai, India, on Thursday, Aug 16, 2018. (Photo by Bhushan Koyande/HT) (HT PHOTO)

    Newly-appointed ministers lobby for posh Malabar Hill official bungalows

    With its private beach and a sprawling lawn, Ramtek bungalow in Malabar Hill leads the list, followed by Royal Stone, a colonial-style bungalow with wooden flooring located in Peddar Road. While Maharashtra Assembly Speaker Rahul Narvekar and revenue minister Radhakrishna Vikhe Patil have requested for Royal Stone, forest minister Sudhir Mungantiwar, labour minister Suresh Khade and Vikhe-Patil are vying for Ramtek bungalow, the largest bungalow after Varsha, the official residence of the chief minister.

  • Mumbai, India - August 15, 2022: Two senior citizens died after the ceiling portion from the first floor of the ground-plus-two Moti Chhaya Building collapsed on Monday evening at Mulund (East), in Mumbai, India, on Monday, August 15, 2022. (Photo by Satish Bate/ Hindustan Times) (Satish Bate/HT PHOTO)

    Mulund building collapse: Roof gives way, killing old couple

    Mumbai: Two senior citizens lost their lives after the ceiling of a residential structure in which they resided came down on Monday evening. The deceased were identified as Devshankar Nathalal Shukla (93) and his wife, Arkhiben Devshankar Shukla (87). According to the Brihanmumbai Municipal Corporation's (BMC) disaster control cell, the incident took place at around 7.46 pm, on the first floor of the building.

  • Widespread protests had broken out across Shivamogga in February over the murder of 26-year-old Bajrang Dal activist Harsha. (Representational photo)

    Violence erupts over Savarkar, Tipu photos in Shivamogga

    Karnataka Police on Monday imposed curbs under Section 144 of the Criminal Procedure Code (CrPC) in Shivamogga town after a clash between two groups over banners featuring Rashtriya Swayamsevak Sangh ideologue V D Savarkar and 18th Century ruler Tipu Sultan. A senior police officer familiar with the matter said tension broke out after a banner featuring Savarkar was put up at Amir Ahmed Circle, in Shivamogga, as part of Independence Day celebrations.

  • A policeman salutes the national flag, in Bengaluru. (PTI)

    In a first, Tricolour hoisted at Idgah Maidan amid tight vigil

    In a first, the national flag was hoisted amid tight security on Monday morning at Idgah Maidan in Chamarajpet. The Tricolour was hoisted at the Idgah Maidan by assistant commissioner of Bengaluru (Urban) MG Shivanna. Chamarajpet MLA Zameer Ahmed Khan, member of Lok Sabha from Bengaluru Central constituency PC Mohan, additional commissioner of police (Bengaluru west) Sandeep Patil and deputy commissioner of police (Bengaluru west) Laxman Nimbargi were also present in the event.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, August 16, 2022
Start 15 Days Free Trial Subscribe Now