Property tax in trans-Yamuna area may go up

Property tax in trans-Yamuna area is likely to go up with East Delhi Municipal Corporation today proposing an increase of property valuation by 1.6 times and imposing education cess and betterment tax on it.

In its budget for the next fiscal, the EDMC also proposed professional tax and electricity tax on power generators of five KW and above and new parking fee rates on minute basis to augment its coffers.

Though no increase in property tax was proposed in his budget speech, EDMC Commissioner Sajjan Singh Yadav said there was a need for revising the valuation of property and proposed that in all the 8 categories of residential properties, the valuation be increased by 1.6 times.