Chandigarh, March 26 -- Starting April 1, buying property in Chandigarh is set to become more expensive as the UT administration on Tuesday issued a notification approving a steep hike in collector rates across various property categories.

The collector rates were last revised in April 2021, making this the first change in four years.

The administration has notified an over fourfold increase (316%) in collector rates for residential areas in villages, a 128% hike for properties in Sectors 1 to 12, a 98% increase in Sectors 14 to 37, and an 82% rise in Sector 38 and beyond.

The collector rate is the minimum property value below which a property cannot be registered with the government. Additionally, a 5% stamp duty is calculated based o...