unitech projects in gurgaon

unitech projects in gurgaon

 
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Delhi property tax rates up this year - 30th Jun 10

NEW DELHI: It’s taxing time for property owners. Since the rate of tax for different categories has been revised, Delhiites will have to pay moreReal woes of investing in realty
Income from property
Weigh options before buying house
Investing in under-construction flat
from this financial year. However, no major amendments have been made in the property tax forms, according to senior MCD officials.

With June 30 being the last date to avail the 15% rebate on property tax, people can pay tax either online or submit their forms in the 12 MCD zonal offices.

As per the revised rates, colonies falling under category A and B will now have pay 12% property tax. The categories from C to H will see a rise of 1% from the previous rate — 10% to 11% for categories C and E and from 6% to 7% for properties under category F to H.

For commercial properties like multiplexes, big shops, etc, there has been an increase of 10%. The property tax rate for multiplexes , petrol pumps etc has been increased from 10% to 20%. The rate for commercial properties falling under A and B categories has been increased from 10% to 15% and from 10% to 12% for categories C to E. There is no change in the tax rate for categories F, G and H.

Press and information director , Deep Mathur, said: ‘‘ We have not created any new categories in the property tax forms. It is more or less the same like before. The only change is that we have added a section called the special commercial category under which multiplexes , petrol pumps, etc need to pay more tax. Under this section there is also the general commercial category which includes power distribution companies, etc.’’

For online payments, a person will have to first visit MCD’s property tax website — www.mcdpropertytax .in. If you have an old property reference ID, you will have to enter it and details of the earlier forms filled by you will be made available. A new online user will have to fill up all relevant information before they get a reference ID.

An MCD official said: ‘‘ You can pay by cash, card or cheque. We have tied up with HDFC Bank and Axis Bank for this purpose.’’ According to MCD, the number of people making use of the online system of property tax payment is more thandouble from last year.Added an official : ‘‘ Around 2,000 people were using of the online system at any point of time in a day till last year, this year the number has gone up to 5,000.’’

Mathur said: ‘‘ Forms can also be submitted at zonal offices after filling them up manually. Only up to Rs 5,000 will be accepted in cash payment.’’

Meanwhile, with recommendations of the municipal valuation committee underway , these recommendations may or may not be applicable from this financial year. Mathur said: ‘‘ If recommendations made by the municipal valuation committee are accepted this year, decision regarding applicability within the same financial year will be taken in consultation with the law department.’’

 

 
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