{"id":10863,"date":"2012-12-07T15:53:45","date_gmt":"2012-12-07T10:23:45","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=10863"},"modified":"2020-06-15T04:34:18","modified_gmt":"2020-06-14T23:04:18","slug":"10863-ndmc-proposes-to-double-property-tax","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/10863-ndmc-proposes-to-double-property-tax\/","title":{"rendered":"NDMC Proposes to Double Property Tax"},"content":{"rendered":"

\"Property-Tax\"Delhi\/NCR:<\/strong> North Delhi Municipal Corporation is expecting a bi-fold increase in the property tax on the houses that comes under their limit. The reason for the lofty increment is said to be the\u00a0fortune less\u00a0condition of the authority.\u00a0A 170% hike in base unit area value and 3-5 % increase in the rate of tax across all categories of colonies is proposed by commissioner PK Gupta. The much needed appreciation will be helpful in improving the financial situation of the corporation that has to repay a loan of Rs 790 crore to Delhi government but a harsh decision imposed on house owners.The property tax collection is low due to several reasons; one is the non-inclusion of any A category colony and only few B and mostly D and E category colonies come under NDMC limit.“The cost index has gone up manifold but we have never increased the tax. In 2009, the rate of tax was increased marginally. Moreover, the base unit area value has not been revised since 2004 when the unit area method for calculation of property tax was implemented”<\/em> said a senior official.Now the corporation has also imposed proper taxes on all commercial properties like cinema halls, guest houses, paying guest accommodations, shopping complexes, lodges, inns etc. that have a covered area of 150 sq metre and above under one category.It is anticipated that the rise in tax rates may empower the civic body\u2019s revenue by approximately Rs 200 crore which will be beneficial for the economy.\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Delhi\/NCR: North Delhi Municipal Corporation is expecting a bi-fold increase in the property tax on the houses that comes under their limit. The reason for the lofty increment is said to be the\u00a0fortune less\u00a0condition of the authority.\u00a0A 170% hike in base unit area value and 3-5 % increase in the rate of tax across all […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-10863","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"\nNDMC Proposes to Double Property Tax -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/10863-ndmc-proposes-to-double-property-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NDMC Proposes to Double Property Tax -\" \/>\n<meta property=\"og:description\" content=\"Delhi\/NCR: North Delhi Municipal Corporation is expecting a bi-fold increase in the property tax on the houses that comes under their limit. 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