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New property tax regime in Mumbai delayed: MCGM PDF Print E-mail
Written by PBD Bureau/PTI   
Monday, 05 April 2010 08:43

Mumbai

To enjoy the fruits of new property tax regime, those living in suburbs will have to wait for at least six months as local civic body has failed to execute the new method due to delay in obtaining Geographical Information System (GIS).

Municipal Corporation of Greater Mumbai (MCGM) has said it would take few months to start calculating the property tax as per the capital value of property due to delay in acquiring GIS system.
The proposal of implementing the new property tax system was passed in January which is expected to lower the tax burden on those living in the suburbs. The GIS involves usage of images captured by the QuickBird satellite imaging system to map properties including their carpet area.
With the GIS system, the civic administration would be able to ascertain exact number of houses both in the city and suburbs and exact dimensions of these houses among other factors. This would help MCGM charge property tax accurately.
"The implementation of the new tax structure is going to be delayed mainly due to delay in acquiring the GIS system for mapping the city's properties. We would conduct a physical survey of properties and MCGM has floated tenders for the same," Chief Assessor and Collector N A Pathan said.
"The survey and a measurement of the area of all properties will take about six months," Pathan said.  The new tax system based on capital value of property was to be implemented from April 1.
The new system will be calculated on the basis of the current market value of the property based on factors like price, area, age and type of property.
"The proposal was already passed by the General body meeting in January but the civic administration has asked to extend the deadline to implement it by six months," a corporator said. "With the new property tax system, those living in south Mumbai will have to pay twice the property tax they currently pay while those residing in suburbs will get a rebate of 25-30 per cent," Pathan said.

 
Author of this article: PBD Bureau/PTI

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