Gujarat: 43% increase in stamp duty collection, 25% in sale deeds
Compared to 2020-21, stamp duty in 2021-22 increased by more than Rs 3,000 crore
Reversing the two-year trend of falling revenues from stamp duty and registration of property documents, the state government recorded an impressive 43% increase in stamp duty in the financial year ended March 31, 2022, as compared to last year, heralding a solid bounce back in the real estate market.
There has also been a 25% increase in number of sale deeds executed in 2021-22 compared to 2020-21. In the financial year 2021-2022, state government collected Rs 10,606 crore in stamp duty.
Stamp duty revenue for 2018-19, 2019-20 and 2020-21 was Rs 7,781 crore, Rs 7,701 crore and Rs 7,390 crore, respectively.
Compared to 2020-21, stamp duty in 2021-22 increased by more than Rs 3,000 crore.