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PHDCCI plea on property tax evaluation in Delhi

Our Bureau

New Delhi, Oct. 3

THE PHD Chamber of Commerce and Industry (PHDCCI) has stressed the need for adopting a more reasonable area rate under the `Unit Area' method of property tax assessment.

Responding to the suggestions invited by Municipal Corporation of Delhi on Unit Area System for assessment of property tax in Delhi, the chamber has said that the base unit annual value rate and differentials for various categories of colonies and types of structures, use, age under the new proposal seem to be arbitrary.

In a statement, the chamber has claimed that the basic area rate recommended at Rs 30 per sq ft is too high and would enhance the current property tax being paid by all categories of properties, disproportionately.

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