New Rental Value Structure To Be Introduced In Ghaziabad
A new rental value structure, for determining the property tax on households, will come into effect in Ghaziabad from April 1, for the upcoming financial year 2024-2025, the Ghaziabad municipal corporation officials said, after the civic body approved the new structure even as the mayor and councillors opposed the move, citing increased burden on taxpayers. Owing to the opposition by the councillors and the mayor, the decision to implement the new structure was not conveyed to the corporation board in its meeting on January 9, even though the corporation published on its website the order implementing the tax structure, signed by municipal commissioner Vikramaditya Malik, on January 8. The order said the state government had approved the new structure on October 27, 2023, and hence, it was getting implemented. Civic officials said the present tax structure has uniform rental values for all localities. As a result, the households in prime localities, as well as those in lower segment localities, end up paying similar taxes. The annual property tax is computed on the basis of rental values, said officials. According to the existing tax structure, the rental values of properties range from 0.87 paise per square foot to Rs 1.32 per square foot for different colonies. Under the new structure, the residential colonies have been grouped under three categories – A, B and C.Category A comprises prime and upscale localities; category B comprises localities which are less developed while category C comprises localities that are least developed. Under the new structure, colonies in category A will have rental value in the range of Rs 1.75 to Rs 4 per square foot; category B colonies will have values 0.50p to Rs 3.5 per square foot while category C colonies will have rental values in the range of 0.30p to Rs 3 per square foot. The corporation in its order has also placed different residential colonies under the A, B and C categories.The new rental range includes rate for RCC houses, permanent roof and temporary houses, besides rate of land and plots. The corporation jurisdiction area has 100 residential wards and about 452,000 households. A GIS survey by corporation has estimated that additional 240,000 households will also come under the tax net.
Tags : rental value structure tax structure municipal commissioner Vikramaditya Malik uniform rental values