Property tax in trans-Yamuna area likely to go up

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East Delhi Municipal Corporation East Delhi Municipal Corporation
SummaryHe also proposed a five per education cess and ten per cent betterment tax on property tax.

Property tax in trans-Yamuna area is likely to go up with East Delhi Municipal Corporation today proposing an increase of property valuation by 1.6 times and imposing education cess and betterment tax on it.

In its budget for the next fiscal, the EDMC also proposed professional tax and electricity tax on power generators of five KW and above and new parking fee rates on minute basis to augment its coffers.

Though no increase in property tax was proposed in his budget speech, EDMC commissioner Sajjan Singh Yadav said there was a need for revising the valuation of property and proposed that in all the 8 categories of residential properties, the valuation be increased by 1.6 times.

He also proposed a five per education cess and ten per cent betterment tax on property tax. An amount of Rs 11 crore is expected from this cess during the next financial year and Rs 22 crore from betterment tax.

"The value of the properties is getting increased due to infrastructure development, modern transport facilities and regularisation of colonies. It is proposed to levy 10 per cent of the property tax as betterment tax," he said.

An EDMC official, while explaining the new process, said that one has to pay Rs 12 for a property valued at Rs 12 as property tax for category A and B.

"But if the proposal of increasing the valuation of property is accepted, the value of property will rise to Rs 160 and one will have to pay Rs 19.20 as tax. One will also have to pay five per cent education cess and 10 per cent betterment tax on Rs 19.20. So the residents end up paying Rs 22.80 in entirety if the new proposals are increased," he said. In effect the proposal if passed, the property tax will come to around 22.8 per cent.

Unveiling a new parking fee regime, EDMC also proposed new minute based car parking rates, which includes 50 per cent additional charges in peak hours between 5 pm to 9 pm.

According to EDMC proposals, car owners may have to shell out Rs 10 for parking a car for half an hour, Rs 20 from 30 mins to one hour, from the one to third hour car owners need to shell out Rs 50 and after three hours Rs 20 will be added to every additional hour. Earlier, car parking rates were Rs 10 for 10 hours.

They have also proposed to increase the monthly car parking rate from Rs 500 to Rs 1,500.

The EDMC had also proposed to levy Rs 1,200 per annum as Professional Tax on salary, wage earners, consultants, insurance agents, businessman and entrepreneurs with earnings between Rs 5 lakh to Rs 10 lakh per annum.

Those who earn more than Rs 10 lakh per annum will have to pay Rs 2,400 per year as Professional Tax. The EDMC plans to fish in Rs 20 crore as revenue from professional tax in the next fiscal.

In a bid to improve education infrastructure in EDMC area, 200 classrooms are to be constructed in the next financial year. A Smart Kid Project ¿ where every school would be provided with one computer lab comprising of 20 computers and a computer teacher have also been proposed in the budget.

It had also stated to increase the motivation amount to the girls from Rs 200 to Rs 1,000 to increase the enrolment of girl child in schools.

"We have proposed to increase the motivation amount to the girl students from Rs 200 to Rs 1,000. We have also proposed to keep 1.22 crores in Budget for computer tablets to students of class IV and V," said Yadav, while mentioning various other education projects proposed in the budget.

In a bid to combat the menace of dengue more effectively in the EDMC area, the budget had proposed to replace 2 tiffa thermal, 100 hand operated fogging machines and 200 Ganesh pumps and Knapsack sprayers for more effective control over vector-borne diseases.

It had also proposed to use a mobile exhibition cum audio-visual bus to educate and aware the citizens in unauthorised colonies about vector borne and water borne diseases.

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