NDMC valuation list out, property owners have till May 13 to submit opinions ET Real Estate

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New Delhi: New Delhi Municipal Council ,NDMC) has finalized the property-wise valuation list of all land and buildings in their areas and invited residents to verify the details after visiting the property tax office. municipal center And submit your objections, if any, by May 13.

The assessment list for the year 2023-24 has been prepared on the basis of tax returns filed by the owner, occupier and lessee of the previous year (2022-23). total property tax collection in NDMC 932.5 crore in 2022-23 as compared to Rs 951 crore in 2021-22.

“The collection of dues from government institutions was higher in 2021-22, which is why the total collection was higher,” said an official. In 2020-21, the collection was Rs 690 crore, in 2019-20, it was Rs 687 crore and in 2018-19, Rs 638 crore was collected.

As far as the evaluation list is concerned, it is an annual process as per section 70 of the NDMC Act.

“Before filing property tax for this year, people can go through the assessment of properties made by us and raise objections if they wish. Those who cannot visit the office can check the details on NDMC’s website using their ID and password,” an NDMC official had said earlier.

“It is proposed to adopt the revised assessment list under section 73 as on April 10 after making suitable modifications, if any, in accordance with the order of the court as per section 72 or after assessment of taxable value. The objection received before 13th April and after 13th May will not be considered for the exercise. The public notice issued on April 12 said that objections should be filed in the prescribed proforma between 10 am to 1 pm on working days or submitted online.

In NDMC areas, mostly four types of properties are used, which include residential occupied, commercial self-occupied, tenant and commercial tenant.

Meanwhile, objections will not be entertained in cases where the ‘rateable value’ has been revised retrospectively as a result of decision on pending notices issued in the past (under section 72 of the Act) or as a result of passing of any decision/order. likely to go. by a court of competent jurisdiction in any case. An NDMC official said, “The assessment list in all such cases is provisional and subject to finalization as per legal provisions.”

  • Published on April 16, 2023 at 03:39 pm IST

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