INDORE: Madhya Pradesh has seen an increase of approximately ₹211 crore or 12.82% in earnings from stamp duty and property registrations in the first two months of the current fiscal year. This growth is attributed to higher guideline values and rising property prices, despite modest growth in transaction volumes.
Among major districts, Indore topped revenue generation with ₹328.45 crore, followed by Bhopal at ₹239.75 crore and Gwalior at ₹120.81 crore. Indore recorded this revenue from 25,405 property transactions, an increase from ₹302.18 crore from 23,261 documents during the same period last year, marking an 8.69% rise in the district’s revenue collections.
Data from the registration department indicates that the state accumulated ₹1,843.54 crore through stamp duty and registration fees from April to May in FY 2026-27, up from ₹1,632.86 crore during the same period last year. The number of registered documents rose by 4% to 2.23 lakh from 2.14 lakh.
Stamp and registration department inspector general Amit Tomar stated, “The revenue growth has been remarkable. In the first two months of the current financial year, collections reached ₹1,843.54 crore compared to ₹1,632.86 crore last year, with the number of registered documents rising to 2.23 lakh from 2.14 lakh.”
Bhopal saw a significant increase of 24.82% in collections, rising to ₹239.75 crore from ₹192.08 crore, with registrations increasing to 15,774 documents from 14,041. Gwalior also experienced growth, with revenues rising 24.77% to ₹120.81 crore, despite a drop in transaction volumes; registered documents fell from 10,444 to 9,556. Jabalpur’s collections reached ₹96.78 crore, up 8.9% from ₹88.87 crore, with registrations remaining roughly the same at 6,689.
Ujjain generated ₹67.43 crore in revenue, a 17.92% increase from ₹57.18 crore collected during the same period last year, although registered documents decreased from 10,938 to 10,448.
Dheeresh Khare, president of CREDAI Madhya Pradesh, commented that the surge in collections is significantly outpacing the rise in registrations. “The number of registered documents has not increased substantially compared to last year. Higher guideline rates have driven revenues up. Additionally, with gold prices hitting record highs, many investors are considering property as an alternative investment,” he stated.
The data reflects that revenue growth statewide greatly surpassed the increase in transaction volumes, indicating higher average ticket sizes in the property market.
