{"id":8905,"date":"2024-06-14T03:51:51","date_gmt":"2024-06-14T03:51:51","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=8905"},"modified":"2024-06-14T03:51:51","modified_gmt":"2024-06-14T03:51:51","slug":"property-registrations-in-tamil-nadu-a-record-rs-12700-crore","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/property-registrations-in-tamil-nadu-a-record-rs-12700-crore\/","title":{"rendered":"Property registrations in Tamil Nadu a record Rs 12,700 crore"},"content":{"rendered":"

Revenue fromproperty registrations<\/u>touched a new high, with 12,700 crore revenue generated till the second week of March this fiscal.<\/p>\n

This is a leap with respect to revenues of 1,672 crore and 2,057 crore in 2019-20 and 2020-21. Chennai and Coimbatore zones have together contributed around 60% of the total income. Revival of the real estate sector post-Covid appears to be the key driver in pushing up property registrations.<\/p>\n

An increase in sale of apartments was a major factor in Chennai zone, and the registration department is expecting an income of 13,500 crore by the end of the current fiscal. Revenue through stamp duty and registration fee account for 10%-12% of the revenue generated in the state that directly goes to the coffers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Revenue fromproperty registrationstouched a new high, with 12,700 crore revenue generated till the second week of March this fiscal. This is a leap with respect to revenues of 1,672 crore and 2,057 crore in 2019-20 and 2020-21. Chennai and Coimbatore zones have together contributed around 60% of the total income. Revival of the real estate … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1100],"tags":[794],"class_list":["post-8905","post","type-post","status-publish","format-standard","hentry","category-tamilnadu","tag-13-14-03-22"],"yoast_head":"\nProperty registrations in Tamil Nadu a record Rs 12,700 crore - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/property-registrations-in-tamil-nadu-a-record-rs-12700-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property registrations in Tamil Nadu a record Rs 12,700 crore\" \/>\n<meta property=\"og:description\" content=\"Revenue fromproperty registrationstouched a new high, with 12,700 crore revenue generated till the second week of March this fiscal. 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