Chandigarh homes get costlier: How new collector rates affect property registration

As of April 1, homebuyers in Chandigarh will encounter elevated costs linked to new collector rates for properties. These adjustments, notably affecting prime real estate, result in increased stamp duty and registration fees. Even if the purchase price remains unchanged, buyers must anticipate higher registration costs stemming from the government's revised minimum property valuations.

By TOI REAL ESTATE DESK