Property tax rates in Delhi - both for residential and non-residential properties - are set to go up. For residential properties, they will go up one percent or so while they will double for commercial ventures like hotels, malls, petrol pumps and even coaching centres with over 50 students.
The Municipal Corporation of Delhi (MCD) Monday finalised the property tax rates in its budget for the coming year. Announcing the new rates at the Town Hall, MCD Leader of the House Subhash Arya said: The tax on residential properties in categories A and B will go up from 10 to 12 percent, in C, D and E from 10 to 11 percent, and in categories F, G and H from 6 to 7 percent.
Categories A and B are high-end colonies, categories C to E middle-class colonies, while categories F to H are those which have recently been regularised.
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