Revenue from registrations and stamps on the rise
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Dept. studies ₹220 cr. income in 12 days
Revenue from the Registration and Stamps division continues to be on the upswing since the resumption of the registration of non-agricultural properties from May 31.
The division had processed 27,837 paperwork since resumption until Monday reporting income of ₹220.09 crore in the 12 working days, at a median of over ₹16 crore a day. Registration of non-agricultural properties which began on a sedate notice on May 31 with ₹74 lakh income by means of 578 paperwork grew subsequently reporting greater than ₹20 crore income a day a number of days since the resumption of the course of.
And, the variety of registrations has been on the rise since the easing of restrictions permitting functioning of the places of work of sub-registrars until 5 pm as in the previous somewhat than the restricted timings throughout which they had been allowed to operate. The division reported income of greater than ₹20 crore on seven of the 12 days throughout which it functioned with a excessive of ₹28.44 crore on June 5 by means of processing of 899 paperwork.
Though registrations picked up considerably since the resumption of the course of, they might not be taken up on full scale as the places of work of the sub-registrars and district registrars are allowed to open for 4 hours day from 9 am to 1 pm since May 31. This restricted the scope for variety of transactions permitting solely 24 a day in the places of work the place there’s single sub-registrar and 48 in the places of work the place there are two sub-registrars.
Coupled with this had been three public holidays on account of two Sundays and a second Saturday whereas transactions had been disrupted for 2 extra days on account of technical glitches. The central server of the division positioned at the State Data Centre confronted technical issues for 2 days slowed down the registration course of.
Registrations had been partly affected in some areas together with key areas surrounding the GHMC space from the place the bulk of the income is predicted to be generated. Officials advised The Puucho that the technical glitches resulted in discount of the variety of transactions and thereby, the income for 2 days. “The issue is technical and it is not related to the number of documents being processed. It has been resolved completely now,” the official stated.
It could also be recalled that the authorities had set a stiff goal of ₹12,000 crore income by means of Registrations and Stamps throughout the present monetary yr, averaging about ₹1,000 crore a month and the progress was spectacular in April when it reported income in extra of ₹700 crore. The course of nonetheless suffered setback after the lockdown imposed since May 12.
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