Post consolidation into one Council, MCD introduces new property tax rates

8 Jul 2022 , 02:47 PM

Following the consolidation of civic organizations in the nation’s capital, the Municipal Corporation of Delhi (MCD) has imposed new rates of property tax to provide consistency to the rates.

The new rates of property tax will be in effect starting on July 16; those who have already paid their taxes will not be subject to an extra surcharge, providing they did not misjudge the amount of taxes due.

Additionally, in order to boost the corporation’s revenue, orders have been given to all Regional Property Tax Officers to create an online database of all the properties that are subject to taxation as soon as possible.

Additionally, the MCD has established many utility multipliers for various kinds of characteristics. Four are designated for entertainment and clubs, six are designated as banquet halls or “Barat Ghar,” one is designated as a school, college, medical college, or engineering college that receives funding from the government or a local body, and three are designated as non-residential properties, two are designated for business and commercial use, and three are designated as industrial use.