Impressive run of Registration and Stamps continues
The Hindu
Revenue of ₹900 cr. realised during October
The impressive run of Registration and Stamps department in earning revenue is continuing with the department registering over ₹900 crore revenue during October this year.
The onset of the auspicious Kartika Maasam has further bolstered the prospects of the department which registered ₹400 crore revenue through sale of documents and registration charges in the first 10 days. Of these, transactions pertaining to agricultural properties constituted 20 per cent amounting to ₹80 crore. Senior officials are hopeful that the spike in registrations is likely to continue well into next month. The growth in revenue during the current month is likely to be around 15 per cent taking the total earning to over ₹1,000 crore.
The department witnessed registration of close to 50,000 agricultural properties during October earning revenue of ₹130 crore and revenue through registration of non-agricultural properties stood at ₹780 crore for the month. The department has crossed the half way mark of ₹12,000 crore stiff target set for it during the current financial year. Revenue through Registration and Stamps crossed ₹6,300 crore one month after the commencement of the second half of the financial year from October. The department witnessed a spurt in the revenue which crossed ₹1,200 crore in July and this was due to sudden rush for registrations ahead of upward revision of registration charges and stamp duties.