The Chhattisgarh government’s decisions like removing the ban on transaction of small land plots and cut in government guideline rates of property and registration fee led to a significant rise in revenue collection and registration of documents in October 2020 over October 2019.
In October 2019, 16,504 documents were registered and this went up this October to 18,754 -- a 13.63% increase.
Likewise, in October 2019, revenue of `117 crore was obtained from the registration of documents while this rose this October to `127 crore. This is 8.71 percent more than the 2019 total.
An official statement said on Tuesday that it is noteworthy that during the Corona period the registration offices remained closed for a long period due to lockdown or operated with reduced capacity.
Despite the challenges, the number of document registration and revenue collection went up.
Several decisions were taken by the state government to encourage the real estate sector. The ban on sale of small land blocks was removed, the guideline rates of property were reduced by 30 percent and the process of land transfer and diversion was simplified.
Also, the registry fee was reduced from 4 to 2 percent and the process of giving all types of permission and no-objection certificates was made easy with a single window system for registration of documents.
In view of Corona, registration of documents is being done through an online e-registration system.