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Cumulative income assortment from stamp responsibility and registration prices (SD&RCs) from 27 states and one union territory of Jammu & Kashmir was recorded in extra ₹1.71 lakh crore through the monetary yr 2021-22, up 34% from a yr in the past, confirmed knowledge analysed by
.
The common month-to-month income assortment throughout these states and union territories through the monetary yr rose to ₹14,262 crore as in contrast with ₹10,646 crore within the earlier yr.
From the side of absolute income figures, Maharashtra led the tally with the best assortment of state income from stamp responsibility and registration prices (SD&RCs) at ₹35,593 crore. The state, which incorporates India’s largest and costliest property markets of Mumbai and Pune, contributed 21% of the general SD & RCs income of the nation.
“There isn’t a doubt that the residential actual property sector witnessed a outstanding revival in FY22. Nonetheless, you will need to be aware that the typical development within the final two years was almost 15%. Contemplating the truth that rates of interest have bottomed out, fiscal incentives have expired, inflation is excessive and the financial uncertainty can be steep, FY22’s efficiency within the residential property market is unlikely to be repeated subsequent yr,” stated Nikhil Gupta, chief economist, Motilal Oswal Monetary Providers.
