Stay updated with the latest - Click here to follow us on Instagram
The interim report of the third Municipal Valuation Committee (MVC) has recommended that 168 residential colonies be upgraded,hoping the same will boost the MCDs dwindling property tax collections by more than Rs 100 crore.
The report has recommended the re-categorisation of colonies like Lajpat Nagar-I,Chandni Chowk,Rajouri Garden,Janakpuri,Saket,Sarvapriya Vihar,Model Town etc,keeping in mind the enhanced connectivity to these areas courtesy the Delhi Metro.
As per the report,the highest number of colonies will be upgraded from Category E to D.
If MCD goes ahead with re-categorisation,there will be a major change in the tax slab for upgraded colonies. Areas under the jurisdiction of the MCD are at present divided into categories A to H,depending on the infrastructure facilities. Any colony that has a grading of 89 or more in terms of amenities comes under Category A; Category B has grading between 75 and 88. At present,there are 28 category A colonies in Delhi.
The reports also suggests increasing the property tax for commercial rented properties. The report says the MCD will earn an additional revenue of Rs 180 crore by doing so, the official added.
The report suggests levying taxes on five-star hotels,multiplexes,petrol pumps,farmhouses (non-residential) and malls based on the rates fixed for Category A while for three and four-star hotels will have the same rates as those charged for Category B .
Stay updated with the latest - Click here to follow us on Instagram