Chandigarh, March 25 -- The UT administration has notified revised collector rates for properties, effective from April 1, marking an increase between 8% and 22% across residential, commercial and agricultural segments. Collector rate is the minimum value below which a property cannot be registered. Stamp duty and registration charges are calculated on this rate, meaning any increase directly raises the cost of property transactions.

This comes just a year after the UT implemented a steep hike in collector rates - fourfold rise for residential properties in villages, 130% hike in Sectors 1 to 12, 96% in Sectors 14 to 37, 80% in Sectors 38 and beyond.

According to Tuesday's notification, rates for Industrial Area in Phase I and II have b...