Property tax rates may increase marginally in the national capital soon

According to Amit Kumar, Director (Press and Information), MCD, the fifth MVC has submitted its interim report to the MCD, and it has now been placed in the public domain for inviting feedback.

He said, “There will be a marginal increase in property tax in Delhi after the implementation of the fifth MVC report. The report is yet to be implemented as public comments and comments have been invited. A public notice in this regard has also been published.” Gone,” he said.

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In a statement issued by the MCD, it is mentioned that the base unit area values ​​recommended by the first MVC in 2004 have remained unchanged for the last 18 years.

“Studying the inflation trends using various indices, the committee has recommended raising the base unit area value (UAV) to 37 per cent which would otherwise be only a tiny fraction of the growth in real inflation observed during the last 18 years.” It’s a part.” an official statement.

However, the fifth MVC has recommended “no change” in the existing classification of colonies. But citing the development taking place in the recent past, the Airport Authority area, including Aerocity, has been identified as a separate colony and has been recommended to be kept in the ‘D’ category.

The MVC has divided the colonies in the national capital into eight categories from A to H. A and B category colonies include posh areas, C and D middle class neighbourhoods, E and F lower middle class areas and G and H unauthorized colonies.

In more detail, Kumar said the base unit area price for A-category colonies will be 630 to 800, for B-category colonies it will now be 680 instead of 500, while it will be increased from 400 to 550 for C-category colonies. has given. Category Colonies.

The base unit area value for D-category colonies has been increased from 320 to 440, for E-category colonies it will now be 370 instead of 270, while for F-category colonies it has been increased from 230 to 310 has gone. He said that for G-category colonies this factor has been increased from 200 to 270, while for H-category colonies it will be 140 instead of 100.

The base unit area value factor is one of the many factors used in the calculation of property tax in areas under the jurisdiction of the MCD.

The committee also recommended five per cent exemption to such colonies or societies for disposal of 100 per cent wet waste throughout the year to encourage sustainable and scientific disposal of solid waste in the city.

With PTI input.

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