Mcd property tax online north delhi

(Incl 18% GST) For MCD property tax calculation, the Municipal Corporation of Delhi adopts the Unit Area System. Further, it employs a formula to calculate the amount of tax payable by a real estate owner. Here is the formula, take a look: Property Tax = Annual value x Rate of tax Confused? Don’t worry; we’ll break this down for you: 1) Annual Value-MCD calculates a property's annual value by way of this formula: Property Tax = Unit area value per square metre x Structure factor x Age factor x The covered area of property x Use factor x Flat factor x Occupancy factor Allow us to offer you a clearer picture of this formula by delving into each of the factors mentioned above: • Unit area value per square metre:It depends on a property’s category. Keep reading to learn more about this. • Structure factor:It is based on the construction of a property. • Age factor:It falls on a scale of 0.5 to 1. Newer properties in Delhi attract higher taxes than older ones. • The covered area of property:This indicates the total floor area of a property. • Use factor:MCD assigns this factor based on the usage of a property. • Flat factor:It depends on the total covered area by a flat. • Occupancy factor:It is based on the occupancy of a property - whether it is rented out or self-occupied by its owner. 2. Rate of tax-MCD segregates the city of Delhi into eight categories from A-H. These categories are marked as per the valuation of properties in each locality. The rate of MCD property tax c...