Panchkula: Fulfilling the dream of owning a home or commercial space in Panchkula is set to become significantly more expensive.Starting April 1, new collector rates (also known as circle rates) will come into effect across the district, with the administration proposing a substantial hike ranging from 10% to 75%.This marks the third increase in property registration rates in roughly 15 months. The last hike occurred only nine months ago in Aug 2025, following a 10% to 20% increase in Dec 2024.The Panchkula district administration has categorised the increases based on locality and property type. Even sectors reserved for lower-income groups have seen unprecedented hikes.According to administrative officials, these revisions are necessary to align govt-notified rates with current market values, account for rapid infrastructure development, and increase state revenue through stamp duty.The administration invited suggestions and objections from the public until 4.30 pm on March 30. Unless significant changes are made following these submissions, the new, more expensive rates will be officially implemented from April 1.Critics argue that raising rates every 8 to 9 months prevents middle-class families from planning their finances. With bank interest rates already high, the increased registration costs make homeownership nearly impossible for many, they said.
