The Hindu 18.01.2011
MCD may not hike property tax
To ensure that Delhiites are not overburdened, the Standing Committee of
the Municipal Corporation of Delhi is planning to reject the proposal
for property tax hike in residential areas in the budget finalisation
meeting to be held on Wednesday.
According to sources, while the residential areas would
be spared property tax increase, the commercial areas would have to
shell out more as the civic body plans to accept the proposal made by
the Delhi Government-constituted Municipal Valuation Committee (MVC) for
a steep hike in property tax for such areas.
MCD Standing Committee chairman Yogender Chandolia said:
“We had increased property tax last year and so we have decided not to
increase it this year. However, we would be accepting the suggestion
made by MVC.”
The MVC had planned to make five-star hotels, high-end
schools and other such properties independent of their geographical
location, which means that although would have to shell out as much tax
as properties in posh colonies pay.
