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Infrastructure2007409 sections2 chapters

Chapter VIII Chapter VIII

Statutory text

(1) The Municipality may levy a surcharge on the transfer of lands and oy arefer of pi buildings situated within the municipal area as a percentage of stamp duty and buildings levied on such transfer under the Indian Stamp Act, 1999. :
(2) The rate of surcharge, and the manner of- a. collection of surcharge. b. payment of surcharge to the Municipality, and c. deduction of the expenses, if any, incurred by the State Government in course of collection of surcharge, shall be such as may be prescribed. 136. (1) The Municipality may, by regulations, levy a tax on the deficits in the Tax on deficits of provision for parking spaces require for different types of vehicles in any non- parking spaces in residential building. non-residential . Lo buildings.
(2) The amount of tax sha11 be determined by multiplying the quantum of such deficit in the area of parking spaces by the unit area value of land in the case of open parking spaces or by the unit area value of covered space oaf building in the case of covered parking spaces, as the case may be, as determined for the levy of property tax under this Act.

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