Chandigarh’s real estate market is witnessing an unprecedented boom, with property prices reaching record levels and government revenue from stamp duties hitting an all-time high. A two-kanal house in Sector 18-A was recently sold for Rs 32 crore—the highest-ever registration price for such a property in the city. Similarly, a showroom-cum-office (SCO) on Madhya Marg, Sector 7, fetched Rs 30 crore as per its registered sale deed.
These figures represent only the official transaction values, with actual deal amounts believed to be 40–50% higher due to the prevalent practice of underreporting sale prices to save on registration fees and stamp duties.
Other record-breaking property deals include:
A six-kanal house in Sector 9-C sold for Rs 70 crore.
A four-kanal house in Sector 27-B for Rs 33.5 crore.
A 7.5-kanal house in Sector 4-A for Rs 41.8 crore.
A 10.5-kanal house in Sector 4-A for Rs 45 crore.
A 3.5-kanal house in Sector 9-B for Rs 35 crore.
Multiple six-kanal houses in Sector 9-C, ranging from Rs 43 crore to Rs 65 crore.
The UT Administration recorded a historic revenue of Rs 270.72 crore from stamp duties and registration fees during the 2024–25 fiscal, the highest since 2019. The surge followed a revision in collector rates from April 1, 2025, after four years. According to Deputy Commissioner Nishant Kumar Yadav, the new rates reflect an increase of 10% to over 200% in some sectors, aligning valuations with market trends.
In just the first fortnight of April 2025, 362 properties were registered—surpassing the numbers in the same period in 2023 and 2024, despite fewer working days.
Real estate experts say demand is so high that one-kanal properties are now commanding prices upwards of Rs 20 crore. “In a recent deal, a two-kanal house got a Rs 50 crore offer, but the owner is holding out for Rs 60 crore,” said realtor Priyanka Singh.
Yadav emphasized that the collector rate revision, based on a three-year analysis of sale deeds, aims to boost fiscal transparency and efficiency, with projected stamp duty revenue expected to exceed Rs 400 crore in the current financial year.
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