A residential plot in Chandigarh could cost as much as Rs 16.58 crore at the upcoming Estate Office auction, where 10 freehold sites spread across prime sectors of the city will be up for bidding.

The Chandigarh Administration’s Estate Office will put 10 freehold residential plots under the hammer later this month across prime sectors of the city, with reserve prices ranging from Rs 3.30 crore to Rs 16.58 crore.

The plots, spread across Sectors 15-B, 20, 21, 23, 27-D, 30-A, 37-A, 44, and 44-B, vary in size from 100 square yards to over 500 square yards, said Nishant Yadav, Deputy Commissioner, on Monday.

The e-auction notice will be published on Tuesday. Submission of documents and Earnest Money Deposit (EMD) will remain open till June 23, while the auction is scheduled to take place from June 27 to June 29.

Among the properties on offer are a 249.375-square-yard site in Sector 15-B with a reserve price of Rs 8.23 crore, two 198.33-square-yard plots in Sectors 20 and 23 priced at Rs 6.54 crore each, and a 256.666-square-yard plot in Sector 27-D with a reserve price of Rs 8.47 crore. A 338-square-yard plot in Sector 37-A has been listed at Rs 11.16 crore.

The highest-valued sites include a 502.316-square-yard plot in Sector 44 with a reserve price of Rs 16.58 crore and two 500.5-square-yard plots in Sectors 21 and 30-A, each carrying a reserve price of Rs 16.52 crore. The most ‘affordable’ plots are two 100-square-yard plots in Sector 44-B, each with a reserve price of Rs 3.30 crore.

“The Estate Office has specified that an additional 5 per cent charge will be levied on corner and park-facing plots. The Sector 37-A site being auctioned is a park-facing property and will attract the additional charge,” Yadav said.

As per the auction conditions, bidders must possess a Digital Signature Certificate (DSC), register on the e-auction portal, and submit the prescribed earnest money deposit along with the mandatory documents, including PAN details and proof of payment. Incomplete applications will be rejected.

A pre-bid seminar for prospective bidders will be organised on June 6 and 7 at the Estate Office in Sector 17.