Nashik Municipal Corporation gets 81cr grant from state through 1% local body cess
Nashik Municipal Corporation
(NMC) received a grant of Rs81 crore from state govt through the 1%
local body cess
(LBC).
The civic administration said that property buyers within the municipal corporation limits are required to pay a total of 6% as stamp duty — comprising 5% as the standard stamp duty and 1% as the local body cess.
State govt collects this 1% local body cess and subsequently transfers it to the respective municipal corporations. During the financial year 2024-25, the state's stamp duty department collected Rs138 crore through the 1% LBC. However, the NMC received only Rs81 crore during the same period.
The NMC is yet to receive Rs56 crore from state govt. In 2023-24, the civic body received only Rs54 crore of the total Rs128 crore grant under the 1% local body cess. "For 2023-24, grant of Rs74 crore is still pending with the state. A total grant of Rs275 crore since April 2020 is still pending with state govt under the 1% LBC," an NMC official said.
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"We are planning to send a letter to state govt, requesting to release of the pending grant under the 1% local body cess. The letter will be sent after approval from NMC commissioner Manisha Khatri," the official added.
The upcoming Simhastha Kumbh Mela is being held in 2027, and the NMC needs funds to share its 25% contribution of the total spending.
During the Kumbh Mela held in 2015, the NMC contributed 25% of the Rs1,050 crore in Kumbh Mela development plans approved by state govt.
Looking ahead to the next Kumbh Mela, the NMC official said, "We anticipate needing at least Rs1,500 crore as our contribution. Therefore, we are requesting state govt to release the pending grant in preparation for the upcoming Kumbh Mela."
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