collector rate reduced in mohali

In a move aimed at reviving the real estate market,The district administration has decided to slash the collector rates for various areas in Mohali. The decision to cut the rates will be applicable to the residential, commercial and industrial areas. In the case of colonies being built by builders/promoters, the rates have also been brought down. Collector rates are the minimum price at which a property has to be registered in case of its transfer. These rates vary within the cities. Mohali is the one with the lowest value of collector rates in Tricity. The rates have been cut following demands made by the Mohali Property Consultants Association and residents. Residential sectors rate cuts are following below:- (Rates in per square feet) Residential sites | Old Rates | New Rates Sec 48, 48C | Rs 21,000 Rs 19,000 Sec 53 to 57 | Rs 20,000 | Rs 18,000 Sec 60, phases 3B1, 3B2 | Rs 22,000 | Rs 20,000 Sec 61, Phase VII | Rs 22,200 | Rs 20,000 Sec 64, Phase X | Rs 21,000 Rs 19000 Sec 65, Phase XI, Rs 21,000 | Rs 19,000 Sec 69 to 71 | Rs 22,000 Rs 20,000 Sec 74A | Rs 16,000 | Rs 15,000 Sec 76 to 80 | Rs 19,000 | Rs 18,000 Sec 85 to 89 Rs 14,000 | Rs 13,000 Sec 90, 91 | Rs 14,000 | Rs 13,000 Sec 98 to 104 | Rs 13,000 | Rs 12,000 Sec 104 and above | Rs 12,000 | Rs 12,000 Sec 122 | Rs 10,000 | Rs 9,000 (Rates in per square feet)

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