Believe it or not, this has to be the highest monthly collection ever by the state government via registration. In March 2021 revenue generated by registration stood at 9K crore, compared to the 11k crore in entire year of 2020.
By Varun Singh
Within a month the state government earned almost similar amount that it earns in a year from registration of sales.
According to data accessed by SquareFeatIndia the state government in the month of March 2021, collected Rs 9,066 crore from registration of properties. The data is for entire state.
This is the highest ever revenue generated by the state government in a month via registration.
The revenue generated in March 2021 can put the entire 2020 year to shame. In 2020 for the 12 month the state government generated a revenue of Rs 11,682 crore.
| Month | Number of Sales | Revenue Generated |
| Jan 2020 | 1,16,646 | Rs 1,602 crore |
| Feb 2020 | 1,08,025 | Rs 1,519 crore |
| Mar 2020 | 85,068 | Rs 1,103 crore |
| Apr 2020 | 796 | Rs 3 crore |
| May 2020 | 30,365 | Rs 175 crore |
| Jun 2020 | 81,343 | Rs 728 crore |
| Jul 2020 | 77,657 | Rs 798 crore |
| Aug 2020 | 82,102 | Rs 815 crore |
| Sep 2020 | 1,19,852 | Rs 763 crore |
| Oct 2020 | 1,30,965 | Rs 931 crore |
| Nov 2020 | 1,37,842 | Rs 1,026 crore |
| Dec 2020 | 2,56,159 | Rs 2,213 crore |
In March the biggest draw for homebuyers and developers to register was the end of the discount on stamp duty.
The state government in August 2020 came out with a stamp duty cut. This stamp duty cut for the period of September 2020 till December 2020 was 3%. Between January 2021 till March 2021 it was 2%.
The March 2021 collection even overshadowed the December 2020 collection when the biggest stamp duty cut came to an end.
In December 2020, the revenue generated stood at Rs 2,213 crore, which is the highest in the year 2020. But it looks timid in front of March 2021 when the state generated almost five times more than December 2020.
March 2021 was the only March since 2013 which generated such high revenue for the state government.
| Month-Year | Number of Sales | Revenue Generates |
| Mar 2021 | 2,13,413 | Rs 9,066 crore |
| Mar 2020 | 85,068 | Rs 1,103 crore |
| Mar 2019 | 1,27,445 | Rs 1,868 crore |
| Mar 2018 | 1,38,650 | Rs 2,038 crore |
| Mar 2017 | 1,25,576 | Rs 1,546 crore |
| Mar 2016 | 1,26,766 | Rs 1,475 crore |
| Mar 2015 | 1,17,443 | Rs 1,222 crore |
| Mar 2014 | 1,20,748 | Rs 1,069 crore |
| Mar 2013 | 1,40,359 | Rs 1,426 crore |
From April 2021 the state government brought in force the earlier stamp duty rates. Except for women homebuyer who during registration will get a 1% discount.
In April 2021 the state government generated a revenue of Rs 1,256 crore which is almost eight times less than. March 2021.
Also Read: April 2021 Is the Best April For Real Estate Since 2013
