North Delhi Municipal Corporation Exempts Houses Up To 50Sqm from Property Tax

The North Delhi Municipal Corporation (MCD) has approved a proposal to exempt houses measuring up to 50 square metres from paying property tax. The proposal, passed from the house of North MCD, is also believed to be aimed at garnering support for the party in the civ

BY Realty Plus
Published - Tuesday, 31 Aug, 2021

North Delhi Municipal Corporation Exempts Houses Up To 50Sqm from Property Tax

The North Delhi Municipal Corporation (MCD) has approved a proposal to exempt houses measuring up to 50 square metres from paying property tax. The proposal, passed from the house of North MCD, is also believed to be aimed at garnering support for the party in the civic elections scheduled early next year. This will benefit about 3 lakh property owners, said former mayor Jai Prakash who had proposed it. Leader of the House (LOH) Chhail Bihari Goswami said, "Residential properties up to 50 square metres including those in approved colonies, rural areas and even unauthorised colonies, will be exempt from paying house tax to the corporation." He added that, "The scheme has been proposed to provide relief to the economically weaker sections who have been hit the hardest because of the ongoing covid-19 pandemic. The benefit will accrue only to such owners who themselves are residing in such properties and have not rented it out to a tenant and where members of only one family are staying." The North MCD has also approved a proposal to waive off property tax pending for past years for all commercial properties in unauthorised colonies. “These property owners are required to pay the tax just for the current and the previous financial years while the rest pending for past years will be waived off,” he said. Also, the property tax rates for commercial properties that were hiked last year based on the recommendations of the Municipal Evaluation Committee-III too have been withdrawn. “This applies to all commercial properties under the civic body. They will have to pay the tax as per previously existing rates. All business has been hit because of the pandemic and the scheme will help them recover from losses."