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Property Prices in UT Set to Soar
Hindustan Times Chandigarh
|March 06, 2025
Collector rates set to be increased across residential and commercial properties from April 1, a first since 2021
CHANDIGARH: Starting April 1, buying property in Chandigarh is set to become more expensive as the UT administration has proposed a steep hike in collector rates across various property categories.
The collector rates were last revised in April 2021, making this the first change in four years.
The administration has proposed a nearly fourfold increase (400%) in collector rates for residential areas in villages, a 130% hike for properties in Sectors 1 to 12, a 96% increase in Sectors 14 to 37, and an 80% rise in Sector 38 and beyond (see box).
The collector rate is the minimum property value below which a property cannot be registered with the government. Also, stamp duty is calculated based on the collector rate.
Cette histoire est tirée de l'édition March 06, 2025 de Hindustan Times Chandigarh.
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