Following the demands of local industrialists and traders to decrease the collector rate in Chandigarh, the UT Deputy Commissioner Mohammad Shayin on Wednesday convened a meeting on the issue.
Senior officials of UT Estate office and representatives of Converted Plot Owners Association, Property Federation Chandigarh Chamber of Chandigarh Industries were present during the meeting.
The representatives of various industrial associations demanded that the Administration should get the market price re-surveyed and reduce the collector rates by at least 50 per cent which will help the Industrialist to finalise the deals which are already stuck up due to high collector rates. With this, the Administration will also earn crores of rupees in the shape of Stamp Duty, said they.