Come June 30, conversion of freehold property to cost more

Last revision of conversion rates was done in 2017; conversion ban lifted in Dhanas after 12 yrs

- HT Correspondent

CHANDIGARH: Converting leasehold properties to freehold in Chandigarh will become significantly more expensive from June 30, as the Chandigarh administration is set to implement new conversion rates. The last revision in these rates was carried out in 2017.

The conversion charges are linked to the collector rates, which were revised on April 1, 2025, and will now be updated in sync with any future revisions in those rates.

Deputy commissioner (DC) and estate officer Nishant Kumar Yadav confirmed that the notification for the revised rates will be issued within the next three to four days, with implementation effective June 30.

The new rates will make property conversion costlier in northern sectors compared to southern sectors.