States revenue via stamp duty, registration up 35%

rawan239

2 years ago

State governments revenue through stamp duty (SD) and registration charges (RC) touched Rs 94,847 crore in H1FY23, showing a rise of 35% against the same period of the last financial year.

According to a study byMotilal Oswal Financial Services, Average monthly revenue collection in H1 of 2022-23 was Rs 15,807 crore as compared to Rs 11,687 crore in the same period of 202122.

Maharashtra,Uttar Pradeshand Naduled the revenue collection, accounting for more than 40% of the total income generated. The surge in revenue is attributedlargely to revival of residential real estate sector sinceCovid. Property consultants indicated sales of housing units have shot up across metros and housing finance

288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube

companies said demand for Home loans in tier-2 and -3 cities and towns surged in past two quarters of this fiscal.

Only Bihar witnessed anegative Growth of -73% to Rs 620 crore in the first half of 2022-23 compared to the same period of last fiscal.