After collector rate, conversion charges set to see steep hike in Chandigarh
CHANDIGARH: A steep hike in conversion charges will soon be made effective, with the UT deputy commissioner office submitting the proposal to the Chandigarh administration for the revision of charges for the conversion of leasehold residential property to freehold, based on the increased collector rates. The charges differ across categories, but officials state that the increase will be at least double the existing rates. The conversion charges were fixed as per the 2017 notification and collector rates. As per the latest proposal, the conversion rates will be revised annually in line with the annual collector rate revision. Nishant Kumar Yadav,…