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Pune has collected Rs 14.5 crore from Property registration

Comments(4) Sub Category:Property Tax,Pune,Realty News Posted On: Apr 18, 2012

The Inspector General of Registration (IGR) and Controller of Stamps office in Pune has collected Rs 14,500 crore revenue during 2011-12.

According to an official of IGR, the revenue collection has increased because of the hike in ready reckoner rates. It is an indication of registration of high-value properties in Pune.

Though the amount of registration collection has been increased in the period, the actual number of property registration has been reduced as less number of properties were sold in the period.

The collection of registration amount has increased as the Ready reckoner rates were revised in January 2012 and raised by 10 to 30% in Pune.

More related stories :

Residents of Chandigarh have to pay housing tax

Chennai corporation collected 5 percent less tax

Source : Times of India

4 Responses to “Pune has collected Rs 14.5 crore from Property registration”

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