
10-50% hike in collector rates on cards in Panchkula
Tired of too many ads? go ad free now
Under the current draft, residential as well as industrial property rates may jump by as much as 50%, depending on their location and use.
Official documents reveal that in prominent residential areas like Sectors 4, 5, and 6 (MDC), as well as Sectors 6 to 11, the collector rate is set to rise by 50%, from Rs 66,000 to Rs 99,000 per square metre.
Similarly, rates in Sectors 10 and 11 are also expected to increase by 50%, climbing from Rs 60,000 to Rs 90,000 per square metre.
On the industrial side, several zones will see substantial hikes. For example, in some industrial areas, the rate could rise from Rs 26,450 per square metre to Rs 39,675 — a 50% jump. Other industrial zones may see more modest increases of 10% to 20%, based on plot size and usage.
Commercial properties, particularly booths and shop-cum-offices (SCOs) in regions like MDC and Sectors 7–9, are also facing steep hikes, some approaching 50%.
However, the proposed hikes are expected to face resistance from local developers and residents in affected areas, particularly with the significant increases of up to 50%. The administration will review public objections before finalising the changes. Once finalised, the new rates will take effect in the upcoming financial year.
Deputy commissioner Monica Gupta announced that the draft collector rate list has been uploaded on the district administration's website. The DC said before finalising the collector rates for the year 2025-26, the general public can submit their objections by July 31. Objections can be sent via email to the district revenue officer at drohrypkl@gmail.com or physically submitted at small secretariat, Panchkula, by 5pm.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Standard
32 minutes ago
- Business Standard
Damodar Industries reports standalone net profit of Rs 2.32 crore in the June 2025 quarter
Sales decline 13.38% to Rs 103.35 crore Net profit of Damodar Industries reported to Rs 2.32 crore in the quarter ended June 2025 as against net loss of Rs 1.51 crore during the previous quarter ended June 2024. Sales declined 13.38% to Rs 103.35 crore in the quarter ended June 2025 as against Rs 119.31 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 103.35119.31 -13 OPM % 7.301.17 - PBDT 5.880.01 58700 PBT 1.67-5.22 LP NP 2.32-1.51 LP


Business Standard
32 minutes ago
- Business Standard
Bhageria Industries consolidated net profit rises 89.41% in the June 2025 quarter
Sales rise 39.94% to Rs 157.48 crore Net profit of Bhageria Industries rose 89.41% to Rs 11.27 crore in the quarter ended June 2025 as against Rs 5.95 crore during the previous quarter ended June 2024. Sales rose 39.94% to Rs 157.48 crore in the quarter ended June 2025 as against Rs 112.53 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 157.48112.53 40 OPM % 11.2310.28 - PBDT 23.1815.48 50 PBT 15.428.04 92 NP 11.275.95 89


Business Standard
32 minutes ago
- Business Standard
One 97 Communications allots 1.89 lakh equity shares under ESOS
One 97 Communications has allotted 1,89,104 equity shares under ESOS on 02 August 2025. Consequent to aforesaid allotment, the issued, subscribed and paid-up equity share capital of the Company stand increased from Rs 63,82,89,866 (consisting of 63,82,89,866 equity shares of face value of Re 1 each) to Rs 63,84,78,970 (consisting of 63,84,78,970 equity shares of face value of Re 1 each).Powered by Capital Market - Live News