Nearly 5k Property Owners Have Tax Dues Of At Least ₹1l, Real Estate News, ET RealEstate

8 months ago


<p>Representative Image</p>
Representative Image

GURUGRAM: A total of 4,857 property tax defaulters in the city are yet to pay dues of Rs 1 lakh or more, according to MCG data. These defaulters altogether owe the corporation Rs 160 crore in property tax dues. The civic body has now set a March 31 deadline for payment, after which it will start sealing these properties and disconnect water and sewer connections.

In the current fiscal, the corporation has managed to generate a revenue of Rs 229 crore so far from property tax and is eyeing a target of Rs 250 crore by the end of the month. It has set the estimated income from this head at Rs 250 crore for 2024-25 as well.

MCG has also been receiving objections from residents seeking rectification of inaccuracies in property tax data. Officials said complaints are being speedily addressed so that property owners can pay tax. According to the corporation’s estimates, nearly 6 lakh properties fall under its ambit.

“Property tax defaulters will face strong action. We plan to seal these properties and disconnect their water and sewerage connections after the deadline of March 31. We have also been issuing notices to the property tax defaulters to take the chance to avail 15% rebate on outstanding dues of the previous years, 15% on the current fiscal’s tax and 100% interest waiver if they make the payment by March 31,” said Laxman Dass, zonal taxation officer (headquarters), MCG.

For residential properties with a plot size of up to 300 square yards, the property tax rate is Re 1 per sq yard. For plots measuring 301 sq yards to 500 sq yards, the tax is Rs 4 per sq yard, while it is Rs 6 per sq yard for plots of 501 sq yards to 1,000 sq yards. Moreover, owners have to pay Rs 7 per sq yard for plots with a size of 1,001 sq yards to two acres, and Rs 10 per sq yard for plots that are spread over more than two acres.

A survey by a private agency in Jan 2022 had found that 5.1 lakh properties fell under the MCG’s ambit.

After the survey was completed, residents had complained that the new property IDs generated had incorrect details, creating a faulty database of properties.

Property owners can now self-verify the data on ulbhryndc.org. The civic body is also organising special camps for self-certification of property tax data by collaborating with RWAs, market associations and citizens’ groups.

Gurugram: Expressway Towers buyers protest at Haryana RERA office

For last two years, the allottees have been demanding action against the developer for its failure to comply with the terms and conditions of licence issued for the project.

  • Published On Mar 22, 2024 at 01:00 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App




Source link

Leave a Reply

Your email address will not be published.