India, April 30 -- Mumbai is on track to record over 12,142 property registrations in April 2025, marking a 4% increase from 11,648 registrations in April 2024, according to data accessed from Maharashtra's Department of Registrations and Stamps (IGR).

Despite the rise in transactions, stamp duty collections have declined by 6% year-on-year, falling from Rs.1,058 crore in April 2024 to Rs.990 crore in April 2025, Knight Frank said in its an.

The Maharashtra government had announced an average 3.89% hike in ready reckoner rates effective April 1 for the financial year 2025-26, following a two-year gap. This revision has made property registration more expensive and may have influenced revenue trends.

Residential demand remains the prima...