There is good news for people dreaming of buying a house or land in Haryana. Chief Minister Naib Singh Saini has postponed the proposed change for 2025-26 in the collector rate that further expensive property procurement. This means that the old rates will remain in force this year, which will provide great relief to the property buyers. The Revenue Department has issued clear orders in this regard, stating that the current collector rate will remain effective till the next instructions.

What is the collector rate and why is it important?

The collector rate is the minimum price on the basis of which the property registration and stamp duty are fixed. These rates in Haryana play an important role in property transactions. These rates are usually changed with the beginning of the new financial year in April every year. But this time CM Saini took a big step in the public interest and postponed the amendment. This will not put any additional burden in the cost of purchasing property.

Changes have happened before

Finance Commissioner and Additional Chief Secretary (Revenue) Sumita Mishra said that the collector rate in Haryana was last revised in December 2024. After this, in March, the district administration started a change in rates for the new financial year. But the government has given clear instructions to all the districts to register for 2025-26 only at old rates. This decision has been taken keeping in mind the widespread interest of the public.

What does this mean for property buyers?

The biggest benefit of this decision will be to those who are planning to buy land, houses or commercial properties in Haryana this year. The increase in collector rate will not cost any additional expenditure in stamp duty and registration fees. This is a matter of relief, especially for those middle class families who want to fulfill the dream of buying a house in their limited budget.

Government's sensitive attitude towards public

This step of the Haryana government shows that it understands the economic condition of the common people. Especially at a time when the burden of inflation and other expenses is already on the people, the decision to keep the collector rate stable is welcome. Experts believe that this will not only bring stability in the property market, but will also increase confidence in the real estate sector.

However, this relief can be temporary, as the government has said to keep the old rates in force till further orders. This means that the collector rate may change on the basis of circumstances in future. Therefore, people planning to buy property should take advantage of this opportunity. If you are also thinking of buying property in Haryana, then this can be a golden opportunity for you.