Chandigarh raises property conversion charges
CHANDIGARH: Property owners in the city will face significantly increased fees for converting leasehold residential properties to freehold status. This change is part of a new notification from the Chandigarh administration, marking the first revision of these charges since 2017. The new fees have increased by two to four times, depending on property size and location, and are directly tied to updated collector rates. The notification indicated that the land rate for calculating conversion charges will be aligned with the collector rates (in Rs per sqm) applied to residential urban areas, as per the rates announced on March 25. Additionally,…