Houses to get costlier in Haryana: state govt hikes collector rate

Another official said that the hike in collector rates would be in the range of 10 per cent to 20 per cent in most of the towns and cities, including Panchkula and Ambala. The official also said that this hike would be applicable for registration of all types of properties including residential and commercial in towns and cities and agriculture sector in rural areas.

In an official communication to all the deputy commissioners, the state government has asked them to implement the collector rates for the purpose of registration of instruments of transfer of property without any delay.

Stating that the Haryana government earned a revenue of Rs 12,300 crore for the 2023-24 financial, an official said they are expecting to make Rs 15,000 crore in 2024-25 fiscal. According to the official, the collector rates are revised every year keeping in view the existing market rates. He also claimed that the collector rates are much lower than the actual prices of the property especially in the urban areas. “Last time, the collector rates were increased in April 2023. This year too, the rates were to be revised in April but the same could not be done first due to the parliamentary polls and later due the Assembly polls,” said the official.

The official claimed that there would be no impact on the prices of properties following the hike in the collector rates. However, former president of Panchkula Property Dealers Association Jagdeep Attri said that the move would lead to a crash in the property rates. Attri said: “The increased collector rates would discourage the buyers. This would also lead to a spike in the real estate market”.

The property dealers also said that with sudden increase in the collector rates, that too in the mid of the financial year, it would be difficult for them to make the adjustments in the ongoing transactions.

Rajya Sabha MP and senior Congress leader Kumari Selja has urged the government to reconsider the hike in the collector rates while considering the demands of the property dealers associations. She said that the Haryana government has planned to increase collector rates significantly in NCR districts such as Rohtak, Gurugram, Faridabad, Palwal, Bahadurgarh, Sonipat, Karnal, and Panipat, with an expected hike of up to 30 per cent. In other districts, Selja said, the increase may range from 6 per cent to 15 per cent.

Selja said: “The BJP government did not increase the collector rates earlier, before the Lok Sabha and Assembly elections, fearing public backlash, but raised it now prematurely, betraying public trust.”