The MCD has implemented uniform property tax rates.The Municipal Corporation of Delhi (MCD) has introduced additional property tax rates to ensure rate consistency following the consolidation of civic authorities in the national capital.

The new property tax rates will go into effect on July 16, and no further surcharges will be placed on taxpayers who have since paid their dues, providing they have not underpaid their tax bills.

In addition, directives have been sent to all Regional Property Tax Officers to build an online directory of all buildings that are subject to paying tax as soon as possible so that the company’s earnings can be raised.

The MCD has also developed unique utility factors for various property kinds. Four for amusement and clubs, six for banquet halls, six for ‘Barat Ghar’ (government or local authority run or supported), one for an unsupported and commercial academic system, three for non-residential structures, two for corporate and business usage, and three for corporate use.

The local body has voted to collect a property tax of 12% on A and B category residential communities, 11% on C, D, and E category domestic colonies, and 7% on E, F, and G category household colonies.

In contrast, the cost of real estate taxes for non-residential buildings up to 1500 square feet has been set at 20% for A, B, C, D, E, and 15% for E, L, F, and G. Non-residential structures larger than 1500 square feet are subject to a flat 20% property tax.

Taxation on commercial land has been set at a consistent speed of 15%. Property tax will be levied at a rate of 20% on part of a wider collection for terminals and connected buildings, 15% on open spaces such as runways, taxiways, and aeroplane parking lots, and 10% on land further than that.

However, domestic and non-residential cottages will be subject to a 20% property tax. In contrast to the foregoing rates, a 1% schooling cess will be levied.

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