Mohali's district administration raised collector rates for residential properties by 20-32%, with peaks up to 67% in areas like Gillco Park Hills. Effective October 23, 2025, this hike boosts stamp duties, raising costs for buyers in GMADA sectors, JLPL, and more. Industrial rates up 30%; commercial unchanged. Transactions now hinge on higher valuations, reshaping the local real estate market.
Mohali's district administration has rolled out a hefty 20-32% increase in collector rates for residential properties, kicking in from October 23, 2025. This bump pushes rates from Rs 30,000 to Rs 36,000 and Rs 45,000 to Rs 56,000 per square yard, hiking stamp duties for buyers. Industrial rates jumped 30%, but commercial ones stayed put, marking the fourth straight rise since 2021 amid Mohali's..