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Mohali, October 15,2025:
Property transactions in Mohali are set to become more expensive starting October 23, 2025, as the district administration has announced a hike in collector rates the government’s minimum benchmark value for land and property registration.
The rates for residential properties will increase by 20% to 22%, while industrial properties will see a hike of up to 30%, as part of the annual revision for the financial year 2025–26.
Officials said the change aims to bring official land valuations closer to actual market prices and to curb undervaluation in property transactions.
Revised Collector Rates for Residential Areas in Mohali
The updated collector rates affect all major residential sectors under the Municipal Corporation Mohali and GMADA (Greater Mohali Area Development Authority).
| Area / Sector | Old Rate (₹ per sq yd) | New Rate (₹ per sq yd) |
|---|---|---|
| Sector 48, 48-C | ₹45,000 | ₹55,000 |
| Sector 53 to 57 | ₹45,000 | ₹55,000 |
| Phase 4, 5 | ₹45,000 | ₹55,000 |
| Phase 3B1, 3B2 | ₹45,000 | ₹55,000 |
| Phase 7 | ₹45,000 | ₹55,000 |
| Phase 9, 10, 11 | ₹45,000 | ₹55,000 |
| Sector 79, 80 | ₹45,000 | ₹55,000 |
| Sector 88, 89 | ₹45,000 | ₹55,000 |
| Sector 90, 91 | ₹45,000 | ₹55,000 |
| Sector 92 to 104 | ₹30,000 | ₹36,000 |
| Aerocity (Airport Road) | ₹45,000 | ₹55,000 |
Officials confirmed that property documents cannot be registered below the notified collector rate.
New Collector Rates for Industrial Properties
Industrial land across Mohali’s key hubs will also see a rate increase.
| Industrial Area | Plot Size | Old Rate (₹ per sq yd) | New Rate (₹ per sq yd) |
|---|---|---|---|
| Phases 1–9 | Up to 1,000 sq yd | ₹23,000 | ₹30,000 |
| Phases 1–9 | Above 1,000 sq yd | ₹20,000 | ₹26,000 |
| Sectors 66A, 82 | Up to 1,000 sq yd | ₹20,000 | ₹26,000 |
The revised rates will apply to all transactions and property registrations from October 23 onward.
Stamp Duty and Buyer Impact
With the increase in collector rates, stamp duty and registration charges will also go up.
For instance, buying a one-kanal plot in Mohali will now attract a stamp duty of about ₹22 lakh, compared to ₹18 lakh earlier.
Current stamp duty rates remain:
- 8% for male buyers
- 6% for female buyers
- 7% for joint ownership
Local brokers say the hike could slow down transactions in the short term but will help align official records with market reality in the long run.
Why the Hike Was Needed
Deputy Commissioner Komal Mittal said the new rates were finalized after consultations with stakeholders to ensure property transactions reflect real market values.
“The revised collector rates will bring greater transparency, help generate more revenue, and ensure smoother registration processes,” Mittal said.
According to officials, the change will also help reduce underreporting in property deals — a common issue in Punjab’s real estate market.
Reaction from Developers and Experts
Some developers have raised concerns about the timing of the hike. Parveen Kansal, Chairman of the Royal Estate Group, said the decision could affect affordability for middle-income buyers.
“The market is already facing high construction costs. A sudden increase in collector rates could reduce new registrations in the short term,” he said.
However, CityNest Realty analysts believe the adjustment was overdue, especially in areas like Aerocity, IT City, and Sectors 79–91, where real estate values have risen steadily due to strong infrastructure and NRI investment.
A Growing Market with Higher Benchmarks
Mohali’s last major rate revision was in 2021, when land prices were raised to reflect the region’s growing demand. Since then, prices across residential sectors have increased by 25-40%, driven by connectivity upgrades such as the PR-7 Airport Road and new housing projects near IT City and Aerocity.
The latest revision brings the government’s official valuation closer to prevailing market rates – a move expected to increase transparency and stabilize revenue from property registrations.
CityNest Realty Insight:
The collector rate revision is likely to affect short-term buyer sentiment, especially among first-time homeowners. However, experts at CityNest Realty say the move could strengthen Mohali’s long-term real estate credibility by narrowing the gap between official and market valuations.
Author Credit: Written by CityNest Realty
The revised collector rates will be effective from October 23, 2025, as per the district administration’s notification.
Residential property rates have increased by 20–22%, while industrial land rates have gone up by 30%.
Yes. Since stamp duty is calculated on the collector rate, buyers will pay more in registration and duty charges after October 23.
