Revenue generation from stamp duty and registration fee again records upward trend in Haryana

| | Chandigarh
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Revenue generation from stamp duty and registration fee again records upward trend in Haryana

Friday, 03 September 2021 | Nishu Mahajan | Chandigarh

Haryana’s revenue collection from stamp duty and registration fee, which fell drastically during the initial phase of COVID-19 induced lockdown, has picked up now. The state has recorded revenue collection of Rs 2642.49 crore (till August 23) during the current fiscal 2021-22, much higher than Rs 1,101.85 crore generated during the same period of April-August last year.

Since the beginning of the current financial year 2021-22, the revenue collection from stamp duty and property registration fee has continued to show an upward trend as compared to last year. During 2021-22 (till April 23), 2,50,500 deeds were registered and 98.73 percent registered deeds have been delivered across 22 districts of the state, stated the State Government’s data.

In the pre-COVID times, the revenue collection from stamp duty and registration fee was Rs 2747.95 crore during April -August 2019.

COVID-19 triggered restrictions and a market slum had resulted in sharp decline in revenue collection from April -September 2020 in Haryana. The revenue generation had later started picking up from October 2020 onwards in the state. The State Government’s data shows that during the peak of the second wave of COVID-19 between April 1 and May 31 this year, Haryana collected a total revenue of Rs 861.09 crore from 74,299 deed registrations. Stamp duty worth Rs 803.12 crore and registration fee of Rs 57.97 crore were collected during this time period out of the total collection of Rs 2642.49 crore till August 23 this year.

“The revenue collection during 2020-21 was Rs 5139.3 crore. During 2020-21, the Department had issued 7,04,552 e-Appointments, and 5,09,563 deeds were registered. The revenue collection from stamp duty and registration fee may cross Rs 6000 cr again during the current financial year,” said a senior officer of the State Government while talking to The Pioneer.

“An increase has been witnessed in the revenue from April-August 2021, which was close to the collection made during pre-COVID period in 2019-20. Due to the impact of COVID-19, the revenue collection had witnessed a fall to Rs 5139.3 cr in 2020-21 as compared to Rs 6100.26 cr collected in 2019-20,” the officer said.

Giving details of the previous financial years, the officer said that during the financial year 2019-20, a total amount of Rs 6100.26 cr was collected, which was Rs 420.81 cr higher than 2018-19. 6,79,740 deeds were registered during 2019-20. Similarly, the collection of registration fee and stamp duty in the year 2018-19 was Rs 5679.45 cr, which was Rs 1414.27 cr higher than 2017-18 (more than 33 percent). 6,46,733 deeds were registered during 2018-19, the officer added.

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