Come April, cough up more for registering property in Chandigarh

Property prices in the city are set for an increase as the UT Administration has issued the draft schedule of revised collector rates, proposing an increase of 15% to 55% across residential, commercial and industrial categories.

The new rates are proposed to come into effect from April 1 and the Estate Office has invited suggestions and objections from the public till March 20 before finalising them.

The collector rates determine the minimum valuation of properties for registration and calculation of stamp duty and other charges, and any revision directly impacts property transactions in the city.

According to the draft schedule, the highest residential collector rate has been proposed for Sectors 1 to 12 at Rs 2,37,900 per sq yd, up from Rs 1,78,600 per sq yd in 2025. For Sectors 14 to 37, the proposed rate is Rs 1,81,300 per sq yd, while Sectors 38 onwards will have a collector rate of Rs 1,33,200 per sq yd.

The draft also proposes Rs 1,53,900 per sq yd as the collector rate for independent dwelling units (IDUs).

For Chandigarh Housing Board flats, the collector rates have been proposed according to floor levels — Rs 11,000 per sq ft for the ground floor, Rs 9,000 for the first floor, Rs 8,000 for the second floor and Rs 7,200 for the third floor and above.

Separate rates have been proposed for industrial units too — Rs 9,300 per sq ft for the ground floor, Rs 7,400 for the first floor and Rs 5,700 for the second floor.

The propose collector rates for society flats are Rs 11,100 per sq ft for the ground floor, Rs 11,400 for the first floor, Rs 10,300 for the second floor and Rs 8,700 for the third floor and above. It is proposed that flats in Uppal Marble Arch in Manimajra will be registered at Rs 16,700 per sq ft.

In the industrial category, the collector rates for Industrial Area Phase I and II has been proposed at Rs 86,000 per sq yd. The rates for Phase III have been kept unchanged at Rs 62,600 per sq yd.

For commercial properties, the draft proposes Rs 97,300 per sq yd as the collector rate for coal depot, flour mill sites, Iron Market, Timber Market and the Transport Area. The rate for commercial booths in the Motor Market Complex in Manimajra has been proposed at Rs 2,33,500 per sq yd.

Among sector markets, the collector rate for booths in Sectors 8, 15, 19, 22, 34, 35 and 17 (except 17-A and 17-B) has been proposed at Rs 5,92,200 per sq yd. Booths in Sectors 7, 9, 10, 11, 16, 17-A, 17-B, 18, 20, 21, 26 and 32 will have a collector rate of Rs 4,47,100 per sq yd and in the remaining sectors Rs 3,27,400 per sq yd.

The draft proposes Rs 5,92,200 per sq yd collector rate for SCOs and SCFs in Sector 17 and Rs 4,47,500 per sq yd for commercial sites along Madhya Marg, Sub-City Centre Sector 34 and markets in Sectors 22 and 35. Sites in other sectors have a proposed rate of Rs 4,42,800 per sq yd. At Motor Market in Manimajra, the proposed rate is Rs 3,12,200 per sq yd.

A steep hike of Rs 50,900 per sq ft has been proposed for shops or offices on the ground floor of Elante Mall from last year’s Rs 14,040 per sq ft. For second floor, new rate has been proposed at Rs 49,600 per sq ft from earlier Rs 12,480 per sq ft.