Page 151 - NDMC COVER FINALVol II

ctV 2017 - 18 BUDGET 2017-18
fooj.k XIII ST-XIII

SCHEDULE OF RATES OF TAXES/ ELECTRICITY & WATER TARIFF/ USER CHARGES ETC.

TAX DEPARTMENT

A. Property Tax:-

Lands and Buildings or part thereof Rate of Tax

1 Where the rateable value does not exceed Rs. 10 lacs. 20% of the rateable value.

Where the rateable value exceeds Rs. 10 lacs but Rs. 2,00,000/- plus 25% of the amount by which
2 does not exceed Rs. 20 lacs. the rateable value exceeds Rs. 10 lacs.
3 Where the rateable value exceeds Rs. 20 lacs.
Rs. 4,50,000/- plus 30% of the amount by which
the rateable value exceeds Rs. 20 lacs.

B. Tax on Vehicles and animals:
As per Schedule-II of the NDMC Act at NIL rate.

C. Theatre Tax:
As per Schedule-III of the NDMC Act at NIL rate.

D. Tax on advertisements other than advertisements published in the Newspapers:
As per Schedule-IV of the NDMC Act at maximum rate.

E. Duty on transfer of property:

Duty on transfer of property on the instruments specified in Sec. 93(2)(b) and on instruments presented for mutation
under Sec. 74, at the following rate:

(a) 2% in case the transferee is a woman to the extent of her share in the property,
(b) 3% in case the transferees are persons other than women.

F. Tax on building payable along with the application for sanction of the building plan:
As per Schedule-V of the NDMC Act.

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