PROPERTY IN NDMC AREA
Property tax overhaul in NDMC: What the new Unit Area System means for you
The New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictability for property owners. The old rateable value method, which was subjective, is being replaced. Homeowners can now understand and verify their tax liabilities more easily.
NDMC opts against hiking property tax
The New Delhi Municipal Council (NDMC) presented a projected budget surplus of Rs 240.2 crore and a revenue of Rs 5,069.6 crore for the fiscal year 2024-25. Chairman Amit Yadav outlined a vision to make NDMC an aspirational city and global benchmark. While there's no plan to increase property tax rates, the council aims to boost revenue through property tax, targeting Rs 1,150 crore in FY 2024-25.
NDMC announces rebate in Property Tax Bills
"Consequent to this exercise, the property tax bills are being sent to all the property owners and it is expected that these will be received by all assesses by November 20," a senior civic body official said.
Nearly 140 commercial units sealed in Delhi
The action on 39 units in three markets under NDMC and 103 units in SDMC areas were taken on the directions of a Supreme Court-appointed monitoring committee.
Taj Palace, Delhi Golf Club on NDMC tax defaulter list
However, according to NDMC officials, all the hotels have moved court challenging the tax assessment and any further action by the civic body cannot be taken since the matter is sub-judice.
Re-auction of CP hotel whose January bid raised value by 15 times
The civic body had last year decided to auction off the property with an area of 612.4 square metres. However, the reserve price was changed time and again as the process unfolded.
Mixed use charges: NDMC passes resolution regarding payment
An NDMC House meet passed the resolution seeking exemption for property owners from mixed use charges payment from April 1 this year.
New Delhi Municipal Council posts record revenue collection of over Rs 3400 crore
New Delhi Municipal Council has registered a record revenue collection of Rs 3408.29 crore surpassing the target for the finacial year 2015-16 by Rs 122 crore.
NDMC to auction restaurant in Lodhi Garden
New Delhi Municipal Council (NDMC) has decided to lease out a Lodhi Garden restaurant afresh through e-auctioning to boost revenue.
NDMC demolishes illegal construction in around 40 properties
All properties fall under the Civil Lines Zones and areas include Burari, Malkaganj, Swaroop Nagar, Kohat Enclave, Wazirpur Industrial Area, Pitampura.
UAM, trifurcation contributed to MCD's financial crisis
"The UAM norm brought during the Dikshit government lowered our revenues," a senior official of the NDMC told PTI.
Resident Welfare Associations want Delhi HC to hear their property tax pleas promptly
The group has alleged that under the new NDMC bye-laws 2009, the civic body is charging property tax on vacant, unconstructed land.
NDMC adopts DDA land rates; brings relief to property owners
Many property owners were not opting for conversion due to the exorbitant rates, causing losses to the civic agency, NDMC officials said.
NDMC to recover Rs 185-crore tax from Luxury Hotels
In response to the questions raised by the Lok Sabha MP, EG Sugavanam said the NDMC has taken necessary actions on the issues.
Tatas to operate Taj Mansingh for three-six months after lease ends
The council has run out of time due to delays in getting clearances from the government, said an NDMC official, who didn't want to be identified.
NDMC to map properties to widen tax net
The NDMC has decided to map the properties under its jurisdiction to identify defaulters of property tax.
HC seeks NDMC's response on Tata's plea over Taj Mansingh
HC asked NDMC to respond to Tata Group's plea seeking to restrain it from auctioning the property on which Taj Mansingh Hotel is located here.
NDMC proposes 3 per cent hike in property tax
People residing in New Delhi Municipal Corporation areas may end up paying double the property tax from next fiscal with the civic body today proposing a three per cent hike and increase in valuation of property.
Tatas to manage Taj Mansingh for another year, NDMC extends lease
The property had drawn interest from several parties including PRS Oberoi, the chairman of EIH Ltd, which owns the Oberoi group of hotels.
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