Millennium Post

SDMC targets property tax collection of Rs 850 for financial year 2019-20

SDMC targets property tax collection of Rs 850 for financial year 2019-20

New Delhi: Standing Committee of South Delhi Municipal Corporation (SDMC) on Thursday estimated property tax collection of Rs 850 crore while property transfer fee collection of Rs 700 crore for the financial year 2019-20. The Corporation has aimed to increase revenue by Rs 30 crore with the help of tax collection.

The civic body on Thursday also scrapped the proposal to hike the property tax rates on residential properties. The Commissioner in his budget speech had proposed to increase property tax rates on residential properties according to the category of colonies.

Presenting the budget proposals for the financial year 2019-20, Standing Committee Chairperson Shikha Rai also proposed installation of solar panels over all the municipal buildings. Following the recommendation of Councillors, Rai also proposed Rs 208 lakh for installation of 'Close Circuit Television' (CCTV) cameras in respective wards. Rai further said that the corporation would add additional revenue of Rs 5.5 crore by putting advertisements in 11 markets under new advertisement policy.

In order to recycle building waste like bricks, mortars and cement blocks to produce byproducts like tiles, aggregate and silt, the South Corporation will set up a construction and demolition plants at Bakkarwala and Maindangarhi, Rai said. To develop scientific temper among students, the SDMC would also develop 40 science clubs in its primary schools, Rai said. Further, giving impetus on sanitation, she said an engineered landfill site is being set up in Okhla to manage the solid waste.

Considering many motels and party lawns which are running without having "additional built-up areas, violating municipal and Green norms, it was also announced to implement the policy with an aim to put an end to illegal use.

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