Three IPL matches are slated to be played next month in the stadium here.
The Indore Municipal Corporation (IMC) took the action after the MPCA defaulted on payment of property tax.
"An IMC team sealed the office of Chief Executive Officer located in the MPCA's administrative building and two main gates of Holkar Stadium for not paying property tax dues worth Rs 29,90,605.
He taxpayers are required to issue a declaration based on current market price of their property every year. The MPCA, however, did not make this announcement for FY 2016-17.
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On the other hand, MPCA CEO Rohit Pandit said the association has been paying Rs 7.40 lakh as property tax every year since FY 2010-11.
The IMC, however, made a new assessment four days back and demanded over Rs 29 lakh from the association, he added.
"The IMC gave us a demand letter last evening but sealed our property even before the completion of 24 hours. We will soon take suitable step to sort out this issue," Pandit said.