The Corporation went to the polls on Sunday and the counting of ballots was held on Tuesday.
The Congress, which had won nine seats in the 2011 polls, was reduced to four seats, with all its former mayors -- Subhash Chawla, Harphool Kalyan, Poonam Sharma and Kamlesh -- facing defeat.
However, the BJP managed to win only one of the four seats it contested jointly with its ally Shiromani Akali Dal.
BJP rebel Dalip Sharma won as an independent.
BJP's sitting Mayor Arun Sood defeated his nearest rival Rajesh Sharma of the Congress by 2,077 votes.
Among the other prominent losers were local Congress President Pardeep Chhabra's wife Ritu Chhabra, local SAD President Jagjit Singh Kang's wife Inderjit Kaur, BSP's City President Jagir Singh and sitting Councillor Saurabh Joshi of the BJP.
The Bahujan Samaj Party (BSP) failed to open its account. It lost on all the 17 seats it contested.
In the last house, the BJP had 15 Councillors, the Congress nine, BSP one and one Independent.
The Congress had made demonetisation of denomination a major issue in the polls.
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