New Delhi: Come 2014 and the owners of the individual properties in the New Delhi Municipal Council area will see an increase in their house tax by 20 per cent.
According to a proposal passed by the civic agency, the per unit rate for has been increased to Rs 1,200 from Rs 1,000 which the residents were paying till now.
The house tax will be levied from the coming financial year on individual covered property spread over an area of more than 200 square metres.
“In 2009, we had changed the method of levying house tax and now it is being levied on unit rate basis,” said Kumar Hrishikesh, Financial advisor, NDMC.
Hrishikesh also said that the house tax is reviewed every three years and it was long overdue.
However, the increase will not affect commercial rental property as it is calculated on actual rent.