Property tax delhi 2022-23

In what could be seen as a significant move for the benefits of lakhs of residential and commercial property owners, Delhi Lieutenant Governor Vinai Kumar Saxena launched the ‘SAMRIDDHI 2022-23’ which is a one-time property tax amnesty scheme. SAMRIDDHI, which stands for Strengthening and Augmentation of Municipal Revenue for Infrastructure Development in Delhi will begin on October 26 and end on March 31, 2023, with no extensions. What is SAMRIDDHI 2022-23? The SAMRIDDHI 2022-23 scheme will allow residential property owners to pay only the current and previous five years' principal property tax. According to an official statement, commercial property owners can pay the principal amount for the last six years and receive a waiver on past pending dues, including penalty and interest. Tax liability is waived, which means more money in the hands of taxpayers and more revenue for MCD. The new amnesty scheme will further increase the tax base and act as an enabler for MCD to build a proper tax database by being more pragmatic about the enforcement of its long-pending tax dues. The tax amnesty programme includes a ‘One Plus Five’ option for residential properties and a ‘One Plus Six’ option for non-residential properties. Under 'One Plus Five,' taxpayers of residential properties are required to pay the principal amount of property tax for the current year and the previous five years (i.e. FY 2022-23 + FYs 2017-18 to 2021-22), after which 100 per cent interest and pe...

Delhi’s municipal corporations on Thursday extended the last day to pay property tax. The North Delhi Municipal Commission pushed the date to July 15 while the South Delhi civic body set the revised date to July 31. Property tax submission data extended by SDMC and NDMC(Sonu Mehta/ HT Photo) “With the approval of Competent Authority, it has been decided to extend the last date for filing online Property Tax Return and payment of property tax with, 15% timely payment rebate with 3% Covid vaccination incentive till July 31,” South Delhi civic body said in a statement. “This is the last opportunity to avail the benefit of 15% timely payment rebate on lump sum payment of property tax for the F.Y. 2021-22 along with 3% Covid vaccination incentive rebate (Only for residential properties) till July 31,” the statement further added. The decision to push the last day to pay property tax was taken after several residents complained of glitches in the online portal. It also said that the decision was also taken because people faced problems due to Covid-19 pandemic. South Delhi civic body mayor Mukesh Suryan said the decision was taken for the convenience of property taxpayers. He also asked taxpayers to make payment of their due property tax before July 31 so that they can avail the 15% rebate. North Delhi civic body mayor Raja Iqbal Singh also said that the date was extended for convenience of taxpayers. “The NDMC has extended the last date of payment of property tax with 15 per ce...

MCD Online Property Tax in Delhi 2022 The Municipal Corporation of Delhi or MCD collects MCD property tax from owners of residential properties in Delhi each year. You must pay your property tax to the North Delhi Municipal Corporation (NDMC), the South Delhi Municipal Corporation (SDMC), or the East Delhi Municipal Corporation, depending on the area/colony where your property is locat... This is a value attributed to a property's built-up area per square meter. For categories A to H, the unit area value per square meter varies. The unit area of the property The built-up area but not the carpet area in square meters is used in the calculation. The age factor In the form of the age of the property, newer properties are taxed more than older ones. This factor's value varies from 0.5 to 1.0. The use factor Non-residential properties are taxed more heavily than residential properties. Residential properties have a value of '1'. The structure factor RCC structures are taxed more heavily than low-value structures. The occupancy factor Rental properties are taxed at a greater rate than self-occupied homes. The MCD employs the 'Unit Area System' to calculate property taxes throughout the city. The following is the calculating formula: Property tax is premediated by multiplying the annual value by the tax rate. Where Annual value = Per-square-meter value x Property area x Age factor x Use factor x Structure factor x Occupancy factor Property tax rates in Delhi in 2022-23 Category (...