May month picked up in terms of revenue for the registration department. With 1,404 document registered the revenue from Mumbai stood at Rs 18.12 crore.
By Varun Singh
In the month of May the total revenue collected by registration department from Mumbai stood at Rs 18.12 crore.
The number of documents registered in May stood at 1,404 in entire Mumbai.
Thus a jump of 4 lakh per cent compared to the collection of Rs 43.547 in the month of April in Mumbai.
In May physical registration at 10 offices of registration started in Mumbai from May 18.
On Day 1 of these offices opening, a total of 487 documents were registered and the revenue collected was Rs 23.74 lakh.
Figures from May show that the highest collection in Mumbai was from Conveyance (sales) which stood at Rs 16.37 crore. In this bracket a total of 207 documents were registered.
While three certificate of sale generated a revenue of Rs 33.64 lakh and revenue from seven mortgage deeds was Rs 33.52 lakh.
146 documents related to ‘Agreement Relating to Deposit of Title Deeds’ gave the registration department Rs 18.83 lakh.
The highest number of documents registered in May with the registration department was Leave and Licenses (eRegistration) a total of 990. Revenue generated stood at Rs 14.71 lakh.
However, compared to March figures there’s still a long way to go for the department.
In the month of March, the revenue collected stood at Rs 377 crore and documents registered were 25,170.
In February the revenue collected was close to Rs 470 crore.
Post Covid19, and the following lockdown since March last week in the country, registration figures have dwindled.
In April only 27 documents were registered Mumbai, which is one of the lowest in the history of the registration department.