Jaipur municipal corp to rename urban development tax as property tax
Real Estate

Jaipur municipal corp to rename urban development tax as property tax

The Jaipur Municipal Corporation (JMC)-Greater is planning to rename urban development (UD) tax as property tax, and will soon send a request to the state government for approval.

UD tax has the term development, which often confuses people, according to JMC-Greater officials.

Over the years, several public interest litigation (PILs) have been filed in Rajasthan high court stating that since the term development is used to raise money, the corporations should carry out projects to enhance civic amenities within their jurisdiction. The money paid by citizens under UD tax is for owning a property in an urban or corporation area, claims officials.

JMC-Greater deputy commissioner Naveen Bhardhwaj said that when a plot of land is transferred to residents, development tax is collected by the Jaipur development authority (JDA), and the money is utilised for generating better infrastructure in the region.

He further added that UD tax is for owning property or several properties in urban areas. We are planning to send a proposal to change the name to property tax, to remove this confusion.

Urban development tax was called house tax before 2007.

The city's residents and market associations have often opposed this definition of the corporation. Traders claim that there is an expectation of some development projects when they pay taxes to the corporation.

Jaipur Vyapar Mahasangh president Subhash Goyal said that if taxes are paid for having a property in the corporation area, we expect improvement in civic amenities in our area and have the right to ask the corporation where these taxes are being utilised.

UD tax is paid once a year, in which commercial properties up to 100 sq m and residential properties up to 300 sq m are excluded.

JMC-Greater and JMC-Heritage are already behind their annual target of collecting Urban development tax.

Image Source


Also read: Nashik Municipal Corp to bring new properties under tax

Also read: Ahmedabad Municipal Corporation extends property tax deadline

The Jaipur Municipal Corporation (JMC)-Greater is planning to rename urban development (UD) tax as property tax, and will soon send a request to the state government for approval. UD tax has the term development, which often confuses people, according to JMC-Greater officials. Over the years, several public interest litigation (PILs) have been filed in Rajasthan high court stating that since the term development is used to raise money, the corporations should carry out projects to enhance civic amenities within their jurisdiction. The money paid by citizens under UD tax is for owning a property in an urban or corporation area, claims officials. JMC-Greater deputy commissioner Naveen Bhardhwaj said that when a plot of land is transferred to residents, development tax is collected by the Jaipur development authority (JDA), and the money is utilised for generating better infrastructure in the region. He further added that UD tax is for owning property or several properties in urban areas. We are planning to send a proposal to change the name to property tax, to remove this confusion. Urban development tax was called house tax before 2007. The city's residents and market associations have often opposed this definition of the corporation. Traders claim that there is an expectation of some development projects when they pay taxes to the corporation. Jaipur Vyapar Mahasangh president Subhash Goyal said that if taxes are paid for having a property in the corporation area, we expect improvement in civic amenities in our area and have the right to ask the corporation where these taxes are being utilised. UD tax is paid once a year, in which commercial properties up to 100 sq m and residential properties up to 300 sq m are excluded. JMC-Greater and JMC-Heritage are already behind their annual target of collecting Urban development tax. Image Source Also read: Nashik Municipal Corp to bring new properties under tax Also read: Ahmedabad Municipal Corporation extends property tax deadline

Next Story
Infrastructure Energy

Solar, Wind Bolster Thermal Power Amid Record Demand

This summer, solar and wind energy have significantly aided thermal power in meeting India's record power demand. On May 30, 2024, renewables provided 15% of the total power, with peak demand reaching 250 GW. The Ministry of Power highlighted the crucial role of solar and wind energy in meeting this demand during specific hours. Thermal power contributed 176 GW, with coal being the primary source, supplying 68% of the total power. South and North India were major contributors to renewable energy, with solar generating 421.19 MU, led by Rajasthan, Gujarat, and Karnataka. Wind energy generated..

Next Story
Infrastructure Urban

India Leads Indo-Pacific Economic Pact Signing

India, along with the United States and twelve other nations, has signed a significant economic pact aimed at bolstering cooperation and development across the Indo-Pacific region. This pact, signed by leaders from these countries, marks a crucial step towards strengthening economic ties and fostering regional stability. The agreement focuses on enhancing trade relations, promoting sustainable development initiatives, and addressing shared challenges such as climate change and infrastructure development. Key areas of collaboration include technology transfer, investment facilitation, and stra..

Next Story
Infrastructure Energy

Adani Commits $1 Billion to Sri Lankan Wind Projects

Adani Group has announced plans to invest over $1 billion in wind energy projects in Sri Lanka, marking a substantial commitment to bolster the country's renewable energy sector. This investment underscores Adani's strategic focus on expanding its presence in renewable energy across international markets. The proposed wind projects aim to enhance Sri Lanka's energy infrastructure, contributing to sustainable development goals by increasing clean energy capacity. Adani's initiative is expected to create employment opportunities and stimulate economic growth in Sri Lanka, while also fostering t..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram