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Stamps Dept clocks 31pc revenue growth
The State government on Friday announced that the Stamps and Registration Department had registered a record growth of 31.21per cent in its net revenues during the first six months of current financial year 2016-17.
​Hyderabad: The State government on Friday announced that the Stamps and Registration Department had registered a record growth of 31.21per cent in its net revenues during the first six months of current financial year 2016-17.
Briefing the media, Principal Secretary to the Chief Minister S Narsinga Rao said as against the net revenue achievement of Rs 1,475 crores during first six months of the financial year 2015-16 (April to September), this year during the same period the corresponding figures was Rs 1,935. 30 crores.
The month-wise growth rate and net revenue is: In April 27.92% (Rs 306 crores), in May 44% (Rs 370 crores), in June 40.20% (Rs 310 crores), in July 28.51% (Rs 310 crores); in August 31.51% (Rs 329. 16 crores) and in September 31.21% (Rs 310.15 crores). “It is seen clearly that there has been a steady growth of revenue month after month. As against an annual target fixed for the year 2016-17 of Rs 4,291.99 crores, the achievement in the first six months is Rs 1,935.30 crores, accounting for nearly 45 per cent of the target.
The revenue is mainly on sales and purchase transactions of lands and buildings,” Rao said. The corresponding growth rates of other southern states are far behind Telangana State. AP’s growth rate is 12.27 per cent, Karnataka’s 2.31 per cent, Kerala’s 3.57 per cent and Tamil Nadu’s is minus 2.63 per cent.
District (erstwhile) wise the figures for the first six months in are: Medak 47.94%, Adilabad 38.09%, Hyderabad 36.12%, Ranga Reddy 33.51%, Mahbubnagar 32.30%, Warangal 27.25%, Karimnagar 22.62%, Nizamabad 21.74% and Nalgonda 6.99%. In all as many as 5, 76, 991 documents had been registered in all the districts put together as against 5, 22, 397 last year in the first six months.
