MCD Property Tax
MCD Property Tax is charged on unit area based system that was applied under the Delhi Municipal Corporation Act Amendment 2003 with effect from 1st April 2004. This MCD Property Tax system involves self assessment of the property tax by the property owners and submission of the MCD Tax returns along with the Property Tax form either as a lump-sum amount in the first quarter of the financial year or in quarterly installments.
MCD Property Tax Calculation
Unit Area method of assessment involves fixing of a unit area value per metre square of the space covered for the respective Property tax calculation. A unit area value is assigned to each colony or locality in Delhi by the MCD on the basis of covered area of the property and multiplicative factors including occupancy, age, structure and use. MCD house tax is calculated accordingly and the returns are filed with the MCD property tax form.
A list of unit area values assigned to each locality and colony is provided on the MCD property tax website. In case, one cannot find their colony name in the list, the MCD reserves the right to decide upon the unit area value of the locality as per the pre-determined guidelines in this regard, until any final settlement regarding the individual colony unit area value, the unit area value of the highest neighboring residential colony is taken into account for computing MCD property tax for the year.
MCD Property Tax New Delhi
The various multiplicative factors considered for computation of MCD property tax include Structure factors like pucca, semi-pucca and kuchcha buildings, Age of the Building, occupancy factor (self or tenanted) and usage of the property (for residential and non-residential uses). The criteria for assessment of each building structure depends on various ownership factors mentioned in detail on the MCD property tax annexures available on the MCD property tax website.
MCD - Municipal Corporation of Delhi offers certain rebates and concessions on senior citizens, women, physically challenged and ex-servicemen owned properties. Along with these rebates, if the property tax is filed as a lump-sum amount within the first quarter, a rebate of 15% of the tax paid is awarded. However, no rebate is offered on installment payments.
Vacant Lands and buildings used exclusively for agricultural purposes, included under a village abadi and occupied by only the owner or his legal heir, public worship areas, buildings occupied by public charity, education and medical relief corporations, public burial or cremation grounds, heritage buildings and lands, property owned by war widows, gallantry award winning Defence, police or paramilitary forces personnel or annual bravery award winners and the vacant lands and buildings neither leased out nor rented out and owned by the MCD itself, are exempted from the payment of any Property Tax levied by MCD under the Property Tax Bye-laws 2004.
For further terms and conditions, refer to the MCD Property Tax website. For online payments of the Tax returns, payment gateway is available through the MCD property Tax website only.