From December 1, pay more to register property in Haryana

Buyers will have to shell more for the registration of property across Haryana from December 1.

With the state government issuing orders to the divisional commissioners and the deputy commissioners to register property on new collector rates from December 1 to March 31, 2025, the property prices are set to increase substantially across Haryana.

A hike of up to 20 per cent in the collector rates is in the offing in the districts of Gurugram, Faridabad, Palwal, Sonepat, Rohtak, Panipat, Karnal, Jhajjar and Nuh falling in the National Capital Region (NCR). A similar hike is expected in Panchkula district on the periphery of Chandigarh. The increase will be modest in the other districts.

New collector rates were set to be implemented from April 1, 2024, but due to the enforcement of the model code of conduct for the Lok Sabha poll, the decision was put on hold by Chief Minister Nayab Singh Saini. Subsequently, the BJP government decided not to implement the decision in the run-up to the October 5 Assembly elections. Sources said now Saini had given his nod, paving the way for the registration of property on new collector rates.

A senior officer told The Tribune that the decision would help net more revenue for the state exchequer as buyers would have to register their property at new collector rates. More revenue in the exchequer would mean more funds for development works, he said.

During the tenure of former Chief Minister Manohar Lal Khattar, it was decided that the collector rates should reflect the market rates.

The administration of various districts had even carried out an exercise to hike the collector rates and had submitted their recommendations to the state government. However, the twin parliamentary and state Assembly elections delayed the implementation of the decision.