Registration department | Revenue | Real estate sales | Economic progress | Government | Transaction

The registration department has achieved growth in revenue in the first month of the new financial year. Compared to last April, the revenue has increased by one percent in this April. Officials believe that this is due to the increase in real estate sales and the steps taken by the government towards digitalization. The government believes that the registration transactions have increased significantly due to the recovery of the real estate sector, which has been stagnant for some time, and the increasing purchasing power of the people, and this growth is a sign of economic progress. In April last year, the registration department received an income of Rs. 1,115.22 crore, and in April this year, it received an additional Rs. 11.32 crore. On the other hand, while 1,24,157 documents were registered across the state in last April, another 18,755 documents were registered in April this year. Officials estimate that this trend will continue and that this number is likely to increase further after June. The government has set a target of Rs 19,087 crore for the registration department this year..

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