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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.
यह कहानी Hindustan Times Chandigarh के March 06, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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