Chandigarh, August 27
Haryana Chief Minister Nayab Singh Saini highlighted the state government's commitment to ensuring transparency and fairness in property registration and revenue collection by introducing a structured mechanism for the annual revision of collector rates.
Speaking in the Assembly during the discussion on a notice of attention on Wednesday, the Chief Minister stated that the new system, effective from April 1, 2026, mandates an annual review and revision of collector rates. The move aims to address irregularities in property valuation during deed registration, which in the past led to significant revenue leakages for the state exchequer.
"The collector rates are no longer based on arbitrary revisions," Saini said, adding that "They are now linked directly to the actual sale prices of properties registered in the previous year. This ensures that the revision process is objective, transparent, and reflective of ground realities."
He explained that the revised rates are calculated on the basis of the average increase observed in the actual transaction values of properties, as recorded in registered deeds. "This shift not only prevents undervaluation but also strengthens the state's financial stability by plugging revenue losses," he added.