PUNE: The state’s department of registration and stamps is approaching its annual revenue goal, achieving almost 90% as the 2025-26 fiscal year nears its end. As of March 15, the department has raised ₹56,159.05 crore, which is around 88.4% of its ₹63,500 crore target. According to official statistics, a total of 43.12 lakh documents have been registered this fiscal year, already matching the complete count from the previous year (2024-25), which also recorded 43.12 lakh registrations and generated ₹58,266.07 crore against a lower target of ₹55,000 crore.
Registration officials reported steady property transactions, averaging three to four lakh documents registered each month, with January and February showing strong performance, each nearing four lakh registrations.
The stability in the market has led real estate bodies to urge the state government to maintain existing ready reckoner (RR) rates. “We have submitted multiple requests to prevent an increase in RR rates, as both registrations and revenue remain stable. However, there are concerns that the government might still adjust rates to balance newly announced social welfare measures,” mentioned a developer.
In light of the Gudi Padwa festival on March 19, the department will allow citizens to utilize the e-registration facility for first-sale properties directly from developers’ offices. Although sub-registrar offices will be closed for the festival, documents submitted via e-registration will be processed the next day.
“Many view auspicious days like Gudi Padwa as prime opportunities to finalize property agreements or leave-and-license documents. To assist with this, online registrations will remain operational on March 19, and processing will take place when offices reopen,” stated an official.
The e-registration system, launched two years ago, is gaining traction. So far, over 700 developers statewide have adopted the system, enabling buyers to complete the registration process without visiting a sub-registrar office.
