Steady revival of the real estate sector after the second wave of Covid-19 has reflected in the revenue generated through property registrations, which has touched a new high in September. Income from property and land registrations in Nadu in September was nearly Rs 1,500 crore the highest in a month in any year.
Data sourced from the registration department show that Septembers income accounted for 25% of the total revenue generated between April and September of this financial year (2021-22). While the past seven months witnessed revenue to the tune of Rs 5,973.9 crore, September alone accounted for Rs 1,495.9 crore. The previous record revenue collection was in February 2021, when Rs 1,386.6 crore was generated through stamp duty and registration fee.
This apart, more than 3.6 lakh documents were registered in September fourth highest count since 2011.