Despite a decline in property transactions, Chandigarh has seen a sharp surge in stamp duty collections over the last six months. Reason: The steep hike in collector rates, implemented in April this year.
Official data shows that stamp duty collections stood at ₹171 crore between April and October 2025, 30% more than what was recorded during the corresponding period last year ( ₹130 crore) even as there was a 10% dip in property deals.
As per the UT estate office, Chandigarh recorded 5,949 property transactions in the April-October window this year, compared to 6,005 in 2024 and 6,794 in 2023.
A major factor behind the jump in revenue is the steep revision of collector rates, which were increased by up to 128% from April 1. The sharpest hike was seen in residential properties in city villages, where collector rates rose nearly 400%. In prime sectors (1 to 12), the rates increased by 130%, while sectors 14 to 37 saw a 96% hike. Properties in Sector 38 and beyond witnessed an 80% rise. Registration fee collections, however, remained stable, with receipts recorded at ₹3.5 crore in 2025, ₹3.5 crore in 2024, ₹3.75 crore in 2023.
UT deputy commissioner-cum-estate officer Nishant Yadav said the revised collector rates reflect the “true market sentiment” and were calculated transparently based on the three-year average. “There hasn’t been a significant dip in property transactions despite the revised rates,” he added.
{{/usCountry}}UT deputy commissioner-cum-estate officer Nishant Yadav said the revised collector rates reflect the “true market sentiment” and were calculated transparently based on the three-year average. “There hasn’t been a significant dip in property transactions despite the revised rates,” he added.
{{/usCountry}}Real estate consultants, however, disagree. Vikram Chopra, president of the Property Consultants Association, Chandigarh, said the high collector rates have discouraged buyers. “The ban on share-wise property transactions has further affected the market,” he said.
Property rates at an all-time high
Despite fewer transactions, property prices in Chandigarh continue to break records. In August this year, an 8-kanal house in Sector 9 was sold for ₹126 crore—more than double the ₹61 crore fetched by a similar deal in 2024, and nearly triple of what was recorded in 2023 at ₹45 crore.
In the UT estate office’s September auction, three one-kanal plots in Sector 19 each fetched ₹22 crore, while a two-kanal plot in Sector 33 went for ₹33 crore. The auction generated a record ₹168.85 crore, far exceeding the reserve price of ₹75.29 crore. A total of 20 sites were offered; 13 residential and two commercial properties were successfully auctioned. Residential plots were sold on a freehold basis and commercial sites on leasehold.
The Sector 33 plot, reserved at ₹14 crore, sold for more than double its base price at ₹33 crore, while Sector 19 plots, with a reserve price of ₹7.42 crore, touched ₹22 crore each.