New Delhi: Looking to add to its income, Delhi Municipal Corporation (SDMC) on Tuesday proposed in its budget to increase property tax imposed on the nature of housing and commercial, and reduced the number of levels of three plates.
Housing, commercial and non-housing (up to 150 square meters) is currently divided into three categories in the city – A-B; Category C-E ‘and F-H.
“I propose that for the financial year 2022-23, the number of categories must be reduced from three to two – AE and FH in this category,” said SDMC Commissioner Gyanesh Bharati, while presenting a revised budget estimate for 2021-22 and budget estimates for 2022- 23 at the Civic Center.
The budget has proposed an increase in property tax as follows: 14 percent tax for residential property in the A-E category and 12 percent in the F-H category.
At present the 15 percent tax is charged in the A-B category, 11 percent in the C-E category and seven percent in the F-H category, said a senior official.
Similar to the commercial category, in the A-D category proposed to 15 percent, and 12 percent in the E-H category; And for a special category, it’s 20 percent, the official said.
The current rate is 15 percent tax in the A-B category, 12 percent in the C-E category and ten percent in the F-H category, the official said.
Bharati said that property tax rates at A Through E plate, have not been raised in the past 10 years.
The Commissioner also said that to mark the opportunity of the 75th year of Indian independence, ‘Shaheedi Park’ and Bollywood Park ‘would be developed on the’ Bharat Darshan Park ‘line.
The budget comes ahead of the civilian poll because next year.
Then, the Commissioner also took questions from reporters.
Asked whether the proposal to increase property taxes was not approved by the corporate legislative wing, how to meet income requirements, Bharati said, “We then have to go for the PPP model”.
According to the budget, SDMC has disposed of waste inherited metric metrics 51 lakh and is likely to remove 100 percent waste inheritance in December 2023.
“Our Swachh rankings will increase, once we do 100 percent collection of waste, separation and processing” he told reporters.
SDMC proposed an increase in property tax to increase income
