Revenue collection through stamp duty and registration fee picking up in Haryana

Revenue collection through stamp duty and registration fee picking up in Haryana

Revenue collection through stamp duty and registration fee picking up in Haryana

Chandigarh, December 4

Revenue collection through stamp duty and registration fee is now picking up in Haryana, with income generated in October, 2020, surpassing the earnings in the same period last year. Besides, more than two lakh deeds were registered in the State between April 1 and November 30, 2020.

While stating this here today, Additional Chief Secretary and Financial Commissioner, Revenue and Disaster Management Department, Sanjeev Kaushal, said that total revenue of Rs. 1,949.75 crore was earned through registration of 2,41,302 deeds between April and November this year. This includes Rs. 440.13 crore earned through registration of 44,787 deeds in November.

Similarly, the State earned revenue of Rs. 248.89 crore in September through registration of 25,928 deeds, and Rs. 479.46 crore in October through registration of 59,023 deeds.

Kaushal said that following the Covid-19 outbreak in March this year, collections through stamp duty and registration fee had fallen steeply. However, an upsurge can now be seen in the earnings, which are nearing the normal level for this period.

A dip of about 45.21 per cent was registered in the period between April and October, 2020, as compared to the same period last year. Income amounting to Rs. 2,027.24 crore was generated this year, Rs. 1,672.89 crore less than the Rs. 3,700.13 crore collected during the same period last year.

From April to August, income of only Rs. 1,101.85 crore was generated through these means, as compared to Rs. 2,747.95 crore during the same period last year. This amount was 59.9 per cent or Rs. 1,646.1 crore less than last year.

Income to the tune of Rs. 377.83 crore was generated in September, which was Rs. 78.72 crore less than the sum of Rs. 456.55 crore generated in the same period last year. In October, income amounting to Rs. 547.56 crore was generated, which was 10.48 per cent or Rs. 51.93 crore more than the previous year. In November, income amounting to Rs. 488.53 crore was generated.

The Department generated Rs. 6,100.27 crore in income in 2019-20, he added.

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