Registration dept earns Rs 10k cr in 11 months

  • | Friday | 15th March, 2019

CHENNAI: Regularization of unapproved plots scheme has pushed revenue registration department 's revenue inflow to a new high - Rs 10,000 crore in 11 months. Last fiscal, property registrations earned the department Rs 9,121cr.Registration department sources attributed the increase in revenue to regularization of unapproved plots scheme which facilitated sale of unauthorized housing plots. Sources said the Chennai registration zone comprising sub-registrar offices in the city, Kancheepuram and Tiruvallur districts have contributed 42% of the total revenue. Chennai zone contributed more than 40% of the total revenue.According to official sources, property registrations recorded revenue to the tune of Rs 9,907 crore between April 2018 and February 2019. "The revenue crossed the Rs 10,000 crore mark during the first week of March.

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