Standing Committee Chairman Yogender Chandolia said nearly Rs 4,800 crore can be collected from regularisation of unauthorised construction, floor wise regularisation, freehold the shops transferred from the government and by charging property tax on commercial rates from Delhi Jal Board (DJB) and discoms.
Chandolia said there are Rs 500 crore arrears pertaining to property tax and only 40 per cent of properties may be under the tax net. By proper management, an additional income of Rs 800 crore can be achieved.
"The Government of India has transferred 2,920 shops to the corporation which are to be free hold. It may fetch Rs 900 crore," he said.
DJB and the discoms are charging commercial rates from the Corporation for supply of water and electricity, whereas they are being charged as public utility services.
"Therefore, the Corporation have to charge property tax applicable on non residential properties from DJB and discoms. The result will be Rs 100 crore more," he said.
