Reject Valuation Committee explanation that Metro proximity is leading to rise in value of land
Councillors of North Delhi Municipal Corporation have shot down a proposal to increase property tax in residential colonies situated along the Metro corridor.
Officials said the councillors did not buy the explanation that the Metro factor has increased the value of land near the tracks,hence,such colonies must pay more tax.
Earlier,suggesting the addition of a new parameter the Metro Line the Municipal Valuation Committee had asked for allotting extra five extra points to colonies near Metro stations.
The point systems helps categorise colonies high category properties have to pay more tax.
The need for adding Metro factor was felt as it was seen that the Metro had made a huge difference to the value of land and buildings in areas under its operation. Five points were assigned to the Metro factor. The points were given to colonies within a kilometre of the Metro station, the committee had said.
The committee was headed by retired IAS Pradeep Singh.
The corporation,however,decided to not disturb the tax break-up of colonies till it has a complete database. This suggestion was made by the sub-committee,appointed by the Standing Committee of North corporation. The panel was headed by deputy chairman of Standing Committee V P Pandey.
According to data provided by the valuation committee,800 colonies were within Metro influence zone and of these 168 had the Metro factor. It was suggested that a total of 12 colonies be upgraded from category B to A,20 from C to B,42 from D to C,88 from E to D,and 6 from G to F.
No additional facility or service has been provided to these colonies,and an upgrade will only impact the property tax, Pandey said.
The final report of the valuation committee was submitted on April 28,2011,and was placed for consideration of the then unified corporation. The preamble was returned on April 4,2012.