Buying a property in Chandigarh will be a costly affair. The UT Estate office has hiked the collector rate by upto 50 percent in the Union Territory of Chandigarh.
The hike in property rates, both commercial and residential will come into force with immediate effect. From now onwards, the collector rate for residential premises in urban areas is Rs 82,368 per sq yard. The charges for the same in rural areas in villages under the Municipal Corporation and Administration will be Rs 10,296 per sq yard and Rs 6,864 per sq yard respectively. Earlier, the collector rate in residential premises in urban areas was Rs 54,912 per sq yard, Rs 6,864 per sq yard in rural areas under MCC, Rs 4,576 per sq yard for rural areas under UT Administration.
A Committee was set up under UT deputy Commissioner Mohammad Shayin for fixation of collector rates for the purpose of stamp duty in sale transactions in the jurisdictions of union territory of Chandigarh. The Committee comprised of UT Additional Deputy Commissioner Tanvi Garg, Assistant Estate Officer Rahul Gupta, UT Treasury Officer Rajiv Tewari and DS Balouria, Tehsildar (revenue). last year also, the UT Estate office had increased the collector rates.