| October 21st, 2019 10:35 AM | |
| Unregistered | Re: Municipal Corporation of Delhi South Zone Property Tax Hi, I live in South Zone of the Municipal Corporation of Delhi; can you tell me in details about the Calculation of Property Tax in Delhi? |
| September 2nd, 2015 04:01 PM | |
| Anuj Bhola | Municipal Corporation of Delhi South Zone Property Tax I want to know about the Municipal Corporation of Delhi South Zone Property Tax so can you please give me some information about it? Also provide me the Property Tax Guide- of the Municipal Corporation of Delhi? In Delhi, the property tax is calculated on the basis of Annual value method and is payable to one of the three municipal corporations in Delhi - North Delhi Municipal Corporation, South Delhi Municipal Corporation and East Delhi Municipal Corporation. The city of Delhi is divided into 8 categories from A to H based on the value of the property. Calculation of Property Tax in Delhi Property tax is levied as a percentage charge on the annual value of the property as determined by the MCD based on below criteria. Property tax or House Tax = Annual value * Rate of tax Property tax rates in Delhi 2019 - 2020 Category House Tax Rate on Property Tax Rate on Property Tax Rate on Residential Property Commercial Property Industrial Property Category A 12% 20% 15% Category B 12% 20% 15% Category C 11% 20% 12% Category D 11% 20% 12% Category E 11% 20% 12% Category F 7% 20% 10% Category G 7% 20% 10% Category H 7% 20% 10% Calculation of Annual Value for Payment of Property Tax Annual value is calculated as product of seven factors as given below: Annual Value = Unit area value per sq mtr * unit area of property * age factor * use factor * structure factor * occupancy factor A rebate of 30% is applicable on the net tax payable in case of females, senior citizens and disabled tax payers. Unit Area Value this is the assigned value per square of meter built-up area of the property Category Unit area value Rs. per sq mtr. Category A 630 Category B 500 Category C 400 Category D 320 Category E 270 Category F 230 Category G 200 Category H 100 Municipal Corporation of Delhi Property Tax myloancare.in/tax/property-tax/property-tax-in-delhi-mcd/ |
