There is a positive movement in terms of a slight increase in registrations of lands and buildings since March of this year. The pace of registrations and revenue collection is still sluggish but we are hoping that things would improve from here on, said Hyderabad District Registrar G. Q. Haqqani. The revenue collections in 2009-10 have improved and the department has managed to collect about 82 per cent of the projected target. This is mainly due to large number of registrations in the month of March, authorities pointed out.
The first three months of this year, especially March, saw a small surge in registrations, according to authorities from the Department of Stamps and Registrations.The Department of Stamps and Registrations authorities, however, have made it clear that this year too (2009-10) they have fallen short in their revenue collections. On an average, every year, the target revenue collection for Registration Department of Hyderabad district hovers between Rs. 150 to Rs. 160 crore. The department authorities maintain that the present situation, in terms of revenue collection, is far better than what it was in 2008-09.
Between 2003 and 2008, the revenue collections for the department from twin cities had exceeded 100 per cent of the overall target. In 2008-09, during the financial meltdown, revenue collection for the department from twin cities was just 58 per cent of the overall revenue target.The revenue collections in 2009-10 have improved and the department has managed to collect about 82 per cent of the projected target. This is mainly due to large number of registrations in the month of March.
“The financial meltdown and other issues seem to have had an impact in our revenue collections. Compared to last year there is a definite improvement in our revenue collection by 24 per cent. Hopefully, this trend will continue in the coming months of 2010-11,” Mr. Haqqani said.
0 comments:
Post a Comment