LUCKNOW: As the financial year approaches its conclusion, the Stamp and Registration Department has initiated a statewide campaign aimed at increasing revenue. This includes expediting the registration of unregistered properties, resolving pending stamp cases, and recovering outstanding stamp duties.
The department is also reviewing stamp rates to adjust the minimum market value of properties.
An official stated that unregistered properties from development authorities, the Housing Development Council, UPSIDC, and other institutions are being prioritized for registration. Additionally, the department is evaluating projects from development authorities and government agencies to ensure timely stamp duty payment.
In Gautam Budh Nagar, it’s anticipated that properties connected to the Yamuna Industrial Development Authority and the Greater Noida Authority will yield Rs 93 crore. Meerut is expected to generate around Rs 252 crore from unregistered properties of private builders and the RRTS project. In Ghaziabad, approximately Rs 153 crore is projected from the GDA’s Harnandipuram residential scheme and the UPSIDC Modinagar project, while Bareilly could see Rs 50 crore from the BDA’s Pilibhit residential scheme.
“The department has devised special plans to boost revenue, targeting around Rs 200 crore by March-end. In Moradabad, expected revenue from the MDA’s Sahayak and Govindpuram residential schemes is around Rs 22 crore. Varanasi’s VDA’s Ganjari Sports City project is projected to contribute Rs 40 crore, while Gorakhpur is looking at Rs 100 crore from the GDA’s New Township Scheme. Additionally, Rs 50 crore is anticipated from GIDA’s lease and freehold deeds,” the official stated.
The department is also conducting a thorough review of cases related to NHAI toll plazas.
Another potential revenue source includes the resolution of ongoing legal matters.
