- Home >> Coimbatore
Revenue dept’s kitty swells despite less land registrations
- | Friday | 18th January, 2019
In 2016–17, when the real estate sector saw a drop, the department managed to mop up only Rs 611 crore. Similarly, the land transactions are spread out in rural areas as well as urban areas.Realtors say that the sector seems to be stabilized. After the revised guideline values, more people came forward for land registration,” said a senior officer in the registration department.Though the guideline value was slashed, government’s move to hike registration fee helped mop up more revenue. Though exact information on nature of land transacted is not available, officials say there was equal demand and sale of residential, agricultural and industrial land. In 2017 fiscal, the revenue collection rose to Rs 876 crore.
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
Stay updated with all the Coimbatore Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.