News

Residents Should Pay Property Tax Or No Take Over, Says MCG

Municipal Corporation of Gurgaon (MCG) has announced that the property tax should be paid by all the residents of the private colonies that are being taken over by it, without any default.

The property tax paid by the residents is one of the biggest sources of revenue, therefore, the taking over process of these colonies will only be carried out if every resident pays property tax with no outstanding dues.

However, Residents Welfare Association (RWA) will be paid an amount of Rs.25000 per month to look after the community center and also a separate amount of Rs.3 per square meter for maintenance of parks in the area. All the RWAs in the city will come under the same rule from now on.

The entire amount of revenue that will be earned will be given to RWA and an extra Rs.25000 will be given for maintenance. But if there are more than one RWA in the area, they will have to discuss it among themselves to decide which RWA will take the charge for maintenance. However, if they are not able to reach a decision, MCG will only have to maintain it.

MCG is also planning to make residents pay the sanitation charges. Currently, the residents are not paying any money for the garbage collection, but they may have to pay in the future.

Team iPropUnited

Share
Published by
Team iPropUnited
Tags News

Recent Posts

Ways to reduce interest rates on home loan

Buying a home is a significant milestone, but the hefty price tag isn't the only…

3 weeks ago

The Ins and Outs of Tax Lien Certificates: A Guide to Profiting from Property Tax Liens

Tax lien certificates are those that are given to investors who demonstrate their interest in…

3 weeks ago

Property Rights in Second Marriages: Rights of Second Wives and Children under Hindu Law

The Hindu Marriage Act of 1955 and the Hindu Succession Act of 1955, respectively, set…

3 weeks ago

What are the benefits of paying rent via Credit Card?

Paying a house rent is an important and recurring monthly expense for an individual. Generally,…

3 weeks ago

Under Construction vs Ready for Possession Property Investment

Investing in real estate necessitates a lot of research, legwork, and hefty investments. Hence, a…

3 weeks ago

Procedure of property transfer

You're buying or selling a property – an exciting time filled with possibilities. But amidst…

3 weeks ago

This website uses cookies.