The new proposal of the Ghaziabad municipal corporation by override the width of the roads based on the General Real Estate tax calculation may increase the profit, but face the opposition.
A new tax proposal in Gazziabad
The Ghaziabad Municipal Council has approved a new proposal aimed at refurbishing the road width in accordance with the general plan, which will now be used to determine real estate taxes. It is expected that this step will increase the tax revenue of the corporation, but it also caused the opposition among the residents.
What is changing in the property tax?
Currently, real estate tax in Gasiabad is calculated on the basis of placing property, road width and appropriate annual lease (ARV). ARV depends on the width of the road, classified by three types: roads less than 12 meters wide, roads from 12 to 24 meters, and roads are wider than 24 meters.
According to the new proposal, the real estate tax will be calculated using the width of the road, as defined in the general plan, eliminating differentiation between service roads, main roads and other location. The municipal commissioner Vicromadate Malik explained that this change was intended to eliminate inconsistencies in determining the width of the road.
How will a new method run?
ARV, which is a key factor in determining real estate tax based on a square and a factor (up to 4) established by the corporation. This factor increases with the width of the road, that is, wider roads lead to higher ARV and, as a consequence, higher real estate taxes.
The new proposal includes not only the main road, but also other infrastructure elements in the width of the road. These include:
Pedestrian tracks
Dispersoned and central borders
Green belts
Parking adjacent to the road
Official roads
The stack along the road
Previously, only the actual part of the road was considered for tax calculations. By including all these additional elements, officials believe that tax revenues can increase by 10-15%. Changes are expected to take effect from the next financial year.
In cases where the general plan does not indicate the width of the road, the corporation will count on the size of the roads laid out in the card layouts. For multi -storey buildings, societies and cities, the width of the road for tax calculations will be determined by the sanctioned layouts of the project approved by the development agencies.
Residents are repelled from the suggestion
The new proposal was well perceived by everyone. Residents fear that rethinking the width of the road will increase taxes. The Himanshu Mittal, the ex-caner of Caviya, criticized this step, saying: “The proposal is just a disguised attempt to increase the tax burden on households and increase the corporation’s profit.”
Rajndra craving, five-time ex-kutal with Raj, also expressed problems. He claimed that the municipal corporation should follow the width of the roads defined by the development bodies. Tyagi mentioned that they were considering the proposal and may consider legal actions if necessary.
What’s next?
As the proposal must be implemented in the next financial year, both residents and officials will closely monitor how this change affects real estate tax calculations and municipal income. The current discussion emphasizes the problem of balance the needs of municipal income with financial problems of residents.
