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Panel wants more Delhi colonies in high property tax slot

A panel reviewing property tax rates in Delhi is understood to have recommended re-categorisation of a number of colonies into high-tax slot, taking into account various factors including their proximity to Metro lines.



New Delhi: A panel reviewing property tax
rates in the national capital is understood to have
recommended re-categorisation of a number of colonies into
high-tax slot, taking into account various factors including
their proximity to Metro lines.

The Municipal Valuation Committee constituted by the
Delhi government has suggested major changes in the existing
categorisation of residential colonies in its report, which is
expected to be submitted to the MCD soon.

Areas under the jurisdiction of MCD are at present
divided into categories A to H depending on the
infrastructural facilities there. Official sources said the
independent panel has recommended that nearly 70 to 80 more
residential colonies be designated as category A.

At present, there are 28 category A colonies in Delhi,
where the tax rates are higher.

"For re-categorisation, the panel is looking at a number
of yardsticks including location, physical infrastructure and
commercialisation. Proximity to Delhi Metro lines is also
being considered as a factor," a source said.

In the `markings` being assigned to the colonies,
proximity to Metro lines is contributing about 10 percent.

The areas near Metro lines and stations have seen
increased commercialisation and infrastructure improvement and
the property rates have also shot up in those localities in
recent times.

Any proposal by the Municipal Valuation Committee,
however, will have to be approved by the legislative wing of
MCD. Last time in 2007, the committee had recommended increase
in the unit area value based on which the tax rates are
arrived at, but the MCD had rejected that suggestion.

However, facing a cash crunch, the civic body had in
their budget for 2010-11 announced increase in tax rates
in various categories.

PTI

From Zee News

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