Punjab

Collector rates go up in Mohali and Dera-bassi

April 03, 2012 05:17 PM

CHANDIGARH: The collector's rates in SAS Nagar have been hiked by 20%. The real estate sector already undergoing a slowdown will now see another dip in terms of the sale of property as the registration of property will cost more.

If you are going to buy property anywhere in Phases 1 to 11 and in Sectors 66 to 71 you will have to pay Rs 24,000 per square yard. The prevalent collectors rate in the area were Rs 20,000 per square yard. While for registering the property in Sector 76, a person will have to pay Rs 22,000 per square yard and for properties beyond Sector 81, Rs 17,000 per square yard will be charged as collectors rate.

If you are going to buy property anywhere in Phases 1 to 11 and in Sectors 66 to 71 you will have to pay Rs 24,000 per square yard. The prevalent collectors rate in the area were Rs 20,000 per square yard. While for registering the property in Sector 76, a person will have to pay Rs 22,000 per square yard and for properties beyond Sector 81, Rs 17,000 per square yard will be charged as collectors rate.

The institutional sites meant for hospitals, institutes, educational institutes, including schools, colleges and clubs, will now be registered at a minimum of Rs 12,000 per square yard as compared to 10,000 per square yard.

To purchase commercial properties in SAS Nagar, you will have to pay Rs 1.2 lakh per square yard as compared to the existing rate of Rs 1 lakh per square yard.

The collector rates for the industrial prices have also gone up, and a person will have to pay Rs 15,000 for industrial plots up to 1,000 square yards. The existing price is Rs 12,000 per square yard. While for plots more than 1,000 square yards Rs 12,000 per square yard will have to be paid.

In the bulk market ( commercial areas in Phase 11) the applicable commercial rate from now onwards will be Rs 50,000 per square yard instead of Rs 40,000 per square yard.The collector's rates have been hiked by 15- 20%. Last time, the collector's rates were hiked in April 2011, when the rate was hiked by 43%.

15% to 30% hike in Dera-bassi

DERA BASSI: Though 15% to 30% increase was registered in general, the revenue department has increased the minimum regist rationl and fee by 1 00% at Shatabgarh. Besides Shatabgarh, 50% increase in land rates has been registered at Naraingarh, Nagla ( Zirakpur), Kishanpur ( Chhat) and Ramgarh Bhudda.

The rates have been made applicable with effect from April 1. The new rates have been categorised as per the location of the land near the main road, link road, municipal limit and adjoining the MC limit. Though the approval for the proposal of inducting 14 nearby villages in the Dera Bassi municipal council is pending for six years, the department has already included such proposed villages in the hike.

 
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