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Home Personal Finance Properties owners alert! Notice regarding property tax, do this work immediately, otherwise...

Properties owners alert! Notice regarding property tax, do this work immediately, otherwise properties will be sealed

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Properties owners alert! Notice regarding property tax, do this work immediately, otherwise properties will be sealed

The Municipal Corporation of Delhi has started sending notices to those who do not deposit property tax in Delhi. The MCD has taken a tough stand against those who have not deposited property tax for years. Action has been intensified especially against the owners of commercial properties.


New Delhi. The Municipal Corporation of Delhi has started sending notices to those who do not deposit property tax in Delhi. The MCD has taken a tough stand against those who have not deposited property tax for years. Action has been intensified especially against the owners of commercial properties. The Municipal Corporation of Delhi has started sending notices to form house and marriage home operators in the areas of East Delhi, Outer Delhi and South Delhi. According to the MCD, so far notices have been sent to more than 150 businessmen.

It is noteworthy that for the last several years, the property tax of hundreds of commercial properties in the capital has not been deposited. Property tax of crores of rupees is due on these properties. Exemption is available from the corporation on depositing property tax by March 31, 2023. Even after this, the property tax of hundreds of commercial properties has not yet been deposited.

Property tax can be deposited by March 31, 2023

Let us tell you that last year the Fifth Municipal Valuation Committee had recommended an increase in the six factors used to calculate the annual value of the property. The committee had submitted its interim report to the MCD. If these recommendations are implemented, it could lead to further increase in property tax across the city. These also include residential colonies.

Strictness of MCD regarding property tax

The Municipal Valuation Committee says that there has been no change in the six factors used to calculate the annual value of property in the capital for the last 18 years. In view of inflation, there is a need to increase them now. MCD has uploaded this report on its website and has sought suggestions from people.

Along with this, the Municipal Corporation of Delhi has advised the property owners to deposit the outstanding tax of their property. If this is not done, the property can be sealed at any time. In such a situation, if you want to avoid sealing, then pay your dues to MCD by March 31, 2023. In some areas of Delhi, the Municipal Corporation of Delhi has also started a sealing campaign against those properties, which have not yet paid property tax. is full.

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