East Municipal Corporation plans slew of taxes, parking rate hike to fill its cash-strapped coffers

On the anvil 230 per cent hike in parking rates, education cess, betterment tax on property tax

The East Municipal Corporation, saddled with limited revenue sources, has suggested steeper parking rates, an education cess and a betterment tax on property tax, and a professional tax in its budget proposal to tide over the financial crunch.

This means, people living in East Delhi will have to pay more taxes almost across the board.

The East Corporation has proposed a 230 per cent hike in parking rates — clearly going many steps ahead of North Corporation, which on Wednesday suggested doubling parking charges.

The proposals, which were on the lines of the unified MCD's last budget, state that four-wheelers will have to pay Rs 50 for one to three hours and, for every subsequent hour after that, an additional Rs 20 will be charged. This adds up to Rs 230 for 12 hours. The current rate is Rs 10 for 10 hours and Rs 20 for more than 10 hours.

East Corporation commissioner S S Yadav said parking charges of Rs 10 for half-an-hour and Rs 20 for an hour have been proposed.

Those who want to park their cars during the premium time slot of 5 pm to 9 pm will have to shell out an additional 50 per cent. The proposed monthly rate is Rs 1,500. At present, it is Rs 500.

Yadav proposed an education cess of 5 per cent on the property tax. This will fetch the corporation Rs 11 crore in the next financial year. Though the civic agency has planned to raise the base unit area value, property tax rate will not change.

"The cost inflation index shows a 53.56 per cent increase in property value, compared to 2004. Taking this into consideration, we proposed to raise the base unit area value. We also want to shift property in the non-residential category to special non-residential category. But schools will be exempted from this change," Yadav said.

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