Revenue from stamp duty, regn climbs 18%

With the ready reckoner rates (also known as the annual statement rates) set to increase by up to 10%, registration of properties across the state saw a significant rise.

- Surendra P Gangan

MUMBAI: This resulted in a notable upswing in the state's earnings from stamp duty and registration, which have touched ₹58,000 crore this financial year, surpassing the target of ₹55,000 crore.

According to the figures accumulated by the office of inspector-general of registration until March 29, the state government mopped up ₹56,770 crore from the registration of 2.91 million properties in 2024-25. Revenue collection crossed ₹58,000 crore on Sunday, while an additional ₹1,500 crore-plus is expected to be added on March 31, the last day of the financial year.