Total annual collection of India from stamp duty and registration charges from its 27 states& 1UT recorded at INR 17,11,502 mn in FY22: MotilalOswal Financial Services
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Total annual collection of India from stamp duty and registration charges from its 27 states& 1UT recorded at INR 17,11,502 mn in FY22: MotilalOswal Financial Services
- Annual collection of SD&RCs revenue grew by 34% YoY in FY22
- Maharashtra leads the table with highest collection of SD&RCs revenue in the country
- Telangana witnessed highest percentage increment with 136% YoY in the country
- About 7 states have recorded more than 40% increment in their revenue collection from SD&RCs
According to a study by MotilalOswal Financial Services Limited, the cumulative revenue collection from stamp duty and registration charges (SD&RCs) from 27 states and one union territory (J&K) in India was recorded at INR 17,11,502 million (mn) /INR 1,711bn for FY22. This has recorded a surge of 34%from INR 12,77,548 mn in FY21. The average monthly revenue collection in FY22 was INR 1,42,625 mn as compared to INR 1,06,462 mn in FY21.
From the aspect of absolute revenue figures,Maharashtra leads the table with highest collection of state revenue from SD&RCs at INR 3,55,937 mn. The state contributed 21% of the overall SD&RCs revenue of the country.
Uttar Pradesh is placed second with INR 2,00,483 mn revenue from SD&RCs with a contribution of 12% to the overall collection. Uttar Pradesh witnessed an increment of 22% in revenue from INR 1,64,752 mn in FY21. Tamil Nadu is placed third with INR 1,43,310 mn with 8% contribution to the overall revenue accrued by the country. The state witnessed 23% increase in revenue in FY22 from INR 1,16,751 mn in FY21.
Karnataka and Telangana are placed 4th and 5th on the SD&RCs table with revenue of INR 1,40,197 mn and INR 1,23,727 mn, respectively.
From the aspect of percentage growth in terms year-on-year, Telangana witnessed highest percentage increment of 136%, followed by J&K with 88%, Sikkim with 78%, Nagaland with 51%, Haryana with 47% and Gujarat with 41%.
Seven states namely, Telangana, J&K, Sikkim, Nagaland, Haryana, Gujarat and Maharashtra have recorded more than 40% increment in their revenue collection from SD&RCs.
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