Haryana notifies property tax in Gurgoan and other cities

Image
Press Trust of India Chandigarh
Last Updated : Oct 16 2013 | 7:56 PM IST
The Haryana government today notified property tax on buildings and land in areas under municipal corporations, including Gurgaon and Faridabad.
The Haryana cabinet gave its nod to rationlise property tax on October 4, an official spokesman said here.
According to the methodology to calculate property tax, municipal corporations have been categorised into two categories, A-1 cities of Gurgaon and Faridabad and A-2 cities comprising Ambala, Panchkula, Karnal, Panipat, Rohtak, Hisar and Yamunanagar municipal corporations, the spokesman said.
Those owning residential properties of up to 300 sq yard would have to pay Re one per sq yard in A-1 cities.
The other four categories of sizes from 301 sq yard to more than two acres would have to pay between Rs 4 per sq yard and Rs 10 per sq yard, he said.
Rates for commercial space of up to 1,000 sq yd would be Rs 12 per sq yd and for more than 1,000 sq yard, it would be Rs 15 per sq yard, he said, adding basements which are used exclusively for parking will be exempted from property tax.
A one time rebate of 30 per cent shall be allowed for those property owners who clear their arrears (up to 2012-13) within 45 days of the notification of rates.
He said religious places, orphanage, central and state government office buildings and government hospitals would be exempted from payment of property tax.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 16 2013 | 7:56 PM IST

Next Story