CHANDIGARH, March 24 — Property transactions in the Union Territory are set to become significantly more expensive starting April 1, following the administration’s notification of a sharp upward revision in collector rates for the 2026–27 fiscal year. The new schedule, which impacts residential, commercial, and agricultural categories, will remain in force until March 31, 2027, directly increasing the stamp duty burden for buyers.
Deputy Commissioner-cum-District Collector Nishant Kumar Yadav stated that the revised schedule has been officially notified and is now available on the district administration’s website. He affirmed that all stakeholders should account for these benchmark values in any upcoming property dealings. The most dramatic residential increase was recorded in the premium belt of Sectors 1 to 12, where rates jumped by 33.2% from ₹1.78 lakh to ₹2.37 lakh per square yard.
The commercial sector also witnessed substantial revisions, most notably at Elante Mall, where ground floor rates doubled from ₹15,600 to ₹31,200 per square foot. Sector 17 remains the city’s most expensive commercial hub, with SCO rates rising to ₹5.92 lakh per square yard. While industrial areas saw relatively modest adjustments of around 3.5%, agricultural land values in areas like Raipur Khurd and Behlana surged by nearly 47%.
Market analysts noted that for a 500-square-yard plot in the city’s prime sectors, the base valuation will rise by nearly ₹3 crore compared to the previous year. Officials maintained that while the hike is intended to curb undervaluation and boost state revenue, it will likely increase the financial pressure on end-users. The administration asserted that the revision reflects the current market realities of Chandigarh’s premium real estate landscape.
