Thursday, July 8, 2010

Municipal Valuation Committee Wants 168 Colonies Upgraded

The interim report of the third Municipal Valuation Committee (MVC) has recommended that 168 residential colonies be upgraded, hoping the same will boost the MCD's dwindling property tax collections by more than Rs 100 crore.

The report has recommended the re-categorisation of colonies like Lajpat Nagar-I, Chandni Chowk, Rajouri Garden, Janakpuri, Saket, Sarvapriya Vihar, Model Town etc, keeping in mind the enhanced connectivity to these areas courtesy the Delhi Metro.

As per the report, the highest number of colonies will be upgraded from Category E to D.

If MCD goes ahead with re-categorisation, there will be a major change in the tax slab for upgraded colonies. Areas under the jurisdiction of the MCD are at present divided into categories A to H, depending on the infrastructure facilities. Any colony that has a grading of 89 or more in terms of amenities comes under Category A; Category B has grading be tween 75 and 88. At present, there are 28 category A colonies in Delhi.

More details can be viewed from the link in the headline above.

with thanks : source : Indian Express

www.RWABhagidari.blogspot.com

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