05 April 2005
Section 113 to Section 135 of Delhi Municipal Corporation Act 1957 deals with Taxation and levy of taxes on various properties.
1. Delhi Municipal Corporation (DMC) is empowered to levy property tax under section 113. Property tax is measured in the terms of the rent received or receivable form the property. As per the recent judgments of the Supreme Court the standard rent as fixed under the Delhi Rent Control Act is the only basis for levying the property taxes.
2. As per section 114 of the Act property tax can be between only 10% to 30% of the rateable value of the land and building in the urban area. (as per 2003 amendment it 6% to 30%)
3. The property tax is exempted on agricultural land and property owned by a charitable organization. There are certain further exemptions upto 30% on property tax if owned by Senior Citizen (65+yrs)
