Revenue from registrations and stamps on the rise

Dept. reports ₹220 cr. revenue in 12 days

Revenue from the Registration and Stamps department continues to be on the upswing since the resumption of the registration of non-agricultural properties from May 31. The department had processed 27,837 documents since resumption till Monday reporting revenue of ₹220.09 crore in the 12 working days, at an average of over ₹16 crore a day. Registration of non-agricultural properties which started on a sedate note on May 31 with ₹74 lakh revenue through 578 documents grew subsequently reporting more than ₹20 crore revenue a day several days since the resumption of the process. And, the number of registrations has been on the rise since the easing of restrictions allowing functioning of the offices of sub-registrars till 5 pm as in the past rather than the restricted timings during which they were allowed to function. The department reported revenue of more than ₹20 crore on seven of the 12 days during which it functioned with a high of ₹28.44 crore on June 5 through processing of 899 documents.