The Commercial Tax (Registration) Department in Chhattisgarh registered a record revenue collection of Rs 1,955.95 crore in 2021-22. It is 108 percent collection against the target.
As compared to previous fiscal year (2020-21), the collection has shown an increase of 23.06 per cent.
In the current year, there has been an increase of 12.43 per cent in the number of registered documents as compared to the previous year, an official communication said on Thursday.
The Chhattisgarh government has provided special relaxation in the registration rules.
First, the department extended a rebate of 2 per cent in the registration fee on documents related to the sale of residential houses up to Rs 75 lakh, which came into effect from August 2019.
Secondly, the guideline rates of land were reduced by 30 per cent from July 2019. It was further extended by an additional 10 per cent in the last fiscal year, thus a total of 40 per cent reduction was given to residents of urban bodies.
Apart from it, the ban on the sale of small plots was lifted.
These policies provided a conducive environment for increase in purchase and sale of land. It thus reflected an increase of revenue to the exchequer.
Inspector General of Registration and Superintendent Effat Ara said that revenue collection of Rs 1,113.16 crore was recorded in 2018-19, Rs 1,640.66 crore in 2019-20 and Rs 1,589.42 crore in 2020-21.
The record revenue collection of Rs 1,955.95 crore was witnessed this year (2021-22), which is 108 per cent collection against the target, she said.
Similarly, over 2.01 lakh documents were registered in 2018-19, 2.20 lakh in 2019-20 and 2.66 lakh in 2020-21. As many as 2.99 lakh documents were registered in 2021-22, she added.