Mohali, Oct. 15 -- In yet another setback for housing hopefuls, the Mohali district administration has announced a hike in collector rates for residential properties by 20% to 22%, depending on the locality, for financial year 2025-26.

The revised rates will take effect from October 23.

The collector rates for industrial properties have also been increased by 30%, but there will be no change in rates for commercial properties. In villages falling under the jurisdiction of the Mohali Municipal Corporation, the rates have been raised by 5% to 33%.

The detailed list of new rates will be available on the official district website - www.sasnagar.nic.in.

The revision will translate into higher stamp duties as well, calculated based on the p...