CHANDIGARH: The Haryana government has updated the collector rates throughout the state using a transparent, data-driven approach that reflects current market values, according to an official spokesperson on Tuesday.
The revision is based on an analysis of the top 50% of property registrations in each segment where transaction values exceeded existing collector rates, ensuring alignment with market trends.
No increases have been made in segments where transaction values rose by up to 20% above the current rates.
For other segments, rate adjustments have been applied in increments as follows: 15% for a 20-35% variation, 25% for 35-70%, 30% for 70-100%, 45% for 100-150%, 60% for 150-200%, and up to 75% for variations exceeding 200%.
This review encompassed 160,752 segments, out of which 68.80% experienced no increase. In the remaining segments, adjustments were made based on transaction value variations.
The spokesperson emphasized that this initiative aims to enhance transparency in property transactions, reduce unaccounted money, and encourage fair dealings.
The government is committed to maintaining transparency and data-driven decision-making practices.
