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Punjab revenue from stamp duty and registration fees going down

1 Comment Sub Category:Other cities,Realty News Posted On: Sep 04, 2012

Slowdown in the real estate sector has badly affected Punjab’s revenue collection from stamp duty and registration fee.

There has been a decline of 15 per cent in receipts, compared to the same period in the previous financial year.

Property dealers have been badly affected due to the slowdown of market as deals have decreased. Property dealers are also of the view that the recent Punjab Cabinet’s decision of imposing cess on registration of land may also affect the market, which would result in lesser number of transactions.

Revenue collected from stamp duty and registration fee was Rs 1,373.68 crore during the April-August 2011 period, while the collection for the current financial year stood at Rs 1,168.57 crore.

To read more real estate news:

Punjab developers oppose cess imposed by govt

One Response to “Punjab revenue from stamp duty and registration fees going down”

  1. Property Dealers says:

    its good if fees going down.

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