India, March 31 -- With the ready reckoner rates (also known as the annual statement rates) set to increase by up to 10%, the registration of properties across the state saw a significant rise. This resulted in a notable upswing in the state's revenue from stamp duty and registration-more than 18% over the last year's collection or Rs.58,000 crore, surpassing the set target of Rs.55,000 crore.

According to the figures accumulated by the office of inspector-general of registration until March 29, the state government mopped up Rs.56,770 crore from the registration of 2.91 million properties. The revenue collection crossed Rs.58,000 crore by Sunday, and an additional Rs.1,500 crore-plus is expected to be added on March 31, the last day of ...