Property tax east delhi 2022-23

Delhi Lieutenant Governor Vinai Kumar Saxena Tuesday launched a one-time property tax amnesty scheme “SAMRIDDHI 2022-23”, saying it will provide a major relief to lakhs of residential and commercial property owners in the city. SAMRIDDHI, an acronym for Strengthening and Augmentation of Municipal Revenue for Infrastructure Development in Delhi, will start on October 26 and end on March 31, 2023, with no further extensions. Under the scheme, residential property owners can pay just the principal property tax amount of the current and of the past five years. For commercial properties, owners can pay the principal amount case of the last six years and get a waiver on past pending dues, including penalty and interest, according to an official statement. The L-G said SAMRIDDHI 2022-23 is a people-friendly initiative of the Municipal Corporation of Delhi which will provide a big relief to the residents and encourage property owners to get rid of long-pending disputes and related harassment. He added that waiver of tax liability means more money in the hands of taxpayers and more revenue for MCD, thereby enabling the civic body to undertake much-desired civic infrastructure work for better service delivery to the people of Delhi. Saxena added that this new amnesty scheme will also widen the tax base and enable MCD to build a proper tax database by being more pragmatic about the enforcement of its long-pending tax dues. According to the statement, the tax amnesty programme envisag...

The Municipal Corporation of Delhi (MCD) has shown signs of improvement in internal revenue for the financial 2022-23, having collected ₹7,389 crore (till March 29) against the full year target of ₹11,280 crore. While the collection is marginally higher (0.09%) than that in the pre-pandemic fiscal of 2019-20 till the same date, MCD officials said the final figures — to be collated after March 31 — will give a complete picture of whether the internal revenue would hit a three-year high. At ₹2,038 crore, property tax comprises a major portion of the total mop-up. This is 24.81% higher than the civic body’s collection in 2019-20, which was at ₹1,633 crore (till March 29). The property tax collection target for FY23 was ₹3,850 crore. “We usually see a rush on deadline day [March 31] and there is an ongoing amnesty scheme for property tax. This internal revenue is not something the MCD can solely depend on to pay salaries and pensions, but it is an improvement since we are closer to the figures achieved before the pandemic,” said an MCD official. Apart from property tax collections, income under advertisement, parking and conversion charges account for ₹814 crore of the total revenue. Toll tax collection has fetched the civic body ₹771.43 crore – marginally below its target of ₹786 crore. Among the MCD zones, each being a cluster of wards, Rohini has come out as the best performing for property tax collection, followed by Shahdara South and City Sadar Paharganj (SP) zones. The ...

Introduction to the MCD Property Tax Property owners in Delhi are required to pay an annual MCD property tax to the Municipal Corporation of Delhi (MCD). Residential structures, commercial buildings, and undeveloped land are among the properties. The primary source of income for the local body is the property taxes that are collected from property owners. You will need to pay your property tax to either the South Delhi Municipal Corporation or the city in which your property is located (SDMC), either the East Delhi Municipal Corporation or the North Delhi Municipal Corporation (NDMC) (EDMC). Following the prices of properties in the colonies that fall under each category, Delhi is likewise split into eight categories, ranging from A to H. For each of the eight categories, the MCD property tax rate and the unit area value (the value assigned per square meter of the property) vary. MCD Property Tax: A-Z of calculating property tax in Delhi • Tax Rate: The MCD releases annual tax rates for properties in categories A through H. • Unit Value of Area: This is a value that has been allocated per square meter of a property's built-up area. For categories A to H, the unit area value per square meter varies. • Usage Factor: Taxes on residential property are lower than those on non-residential property. Residential properties have a value of 1. • Age Factor: Based on the age of the property, newer homes have more taxes than older ones. This variable's value lies between 0.5 and 1.0. ...