Collection of real estate tax in South Delhi struck a record high in 2015-16, with the municipality attaining its target for the very first time ever. The South Delhi Municipal Corporation (SDMC) had actually set Rs.650 crores as the target for property tax collection, and on Thursday it announced that the goal had actually been attained.
The amount is expected to go up as the SDMC is still processing payments in the last couple of days of the financial year.
The growth of 19 per cent in property tax collection in 2015-16 is the greatest ever. In 2008-09, the combined Municipal Corporation of Delhi had signed up a development of 18 per cent, which was helped by an amnesty plan and waivers.
The Assessor and Collector, Ram Mohan Singh, said the increase was possible as the SDMC cracked down on commercial users.
They were paying rates of residential areas, but we sent out notifications and got them to pay commercial rates, which are 4 times the residential rates. We managed to increase our taxpayers base by 30,000, stated Mr. Singh.
The South Delhi Municipal Corporation provided around 2 lakh notifications, of which about 1.57 lakh were to commercial properties.
At a conference of the Standing Committee on Thursday, it was chosen that the Property Tax Department would get a reward for their performance. RadheyShyam Sharma, the chairperson of the Standing Committee, revealed Rs.20,000, Rs.15,000, Rs.10,000 and Rs.5,000 for authorities of groups A, B, C, and D respectively.
In 2016-17, the South Delhi Municipal Corporation will concentrate on expanding its tax base by performing door-to-door surveys to identify defaulters and providing special IDs to taxpayers.