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Cars to get expensive from 1st Jan – Parking fees hiked by up to Rs 75k

Car makers across the board have already announced increase in prices from 1st Jan 2019. In addition to increase in car prices from car makers, Delhi govt too has announced an increase in 1 time car parking fees which has to be paid when you purchase a new car.

In Delhi, car buyers need to now prepare to pay a higher one-time parking charges in 2019. This is because Delhi Transport Department has approved a recommendation for parking charge hike made by the city’s three municipal corporations.

The new order of things will see citizens of Delhi pay a mandatory one-time parking fee. As it stands, the proposed hike sees a maximum increase by 18 times of current structure wef from January 1, 2019.

The state transport department order focuses on a revised one-time parking fee four-wheeler purchases. The mandatory price hike will range from Rs 6,000 to Rs 75,000. At present that fee is mandated at Rs 2,000 for cars up to Rs 4 lakh, and at Rs 4,000 for cars that cost more than Rs 4 lakh.

Credit – Times of India

The proposal made by the three municipal corporations in Delhi (MCD) has resulted in six classification categories based on vehicle cost. The MCDs state the fee is to create parking infrastructure in Delhi. One time asking charges, registration fee and road tax are collected transport department, and used by the 3 MCDs to improve and increase parking facilities in Delhi. Physically disabled persons, and two-wheelers are exempt from paying a one time parking fee.

Cars costing upto Rs 4 lakh entail a levy of Rs 6,000. Cars costing over Rs 4 lakh and up to Rs 8 lakh require a fee of 10k. Car buyers need to pay 15k if the car is priced between the Rs 8 – 12L slab, and 30k for cars costing between Rs 12 – 20L. Those buying a car that costs between Rs 20- 40L need to shell out 60k on one time parking fee. Cars costing above Rs 40 lakh will attract a parking fee of Rs 75,000. The one-time fee was first introduced back in 2004, and this is the first price revision being introduced.

Bus and taxi operators are upset cause the annual parking fee increase across commercial vehicles categories will increase from the current Rs 2,500-Rs 4,000 to Rs 10,000-Rs 25,000. Following this ruling in Delhi, other states are also planning to increase parking charges on new cars.

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