Days before the announcement of the new ready reckoner (RR) rate, the number of properties registered was almost double the normal number of the daily registrations. Property registration officials said citizens are carrying out last-minute property registrations to avoid the new RR rates that will come in effect from April 1.
On Tuesday, 18,538 properties were registered across the state, while 20,009 registrations were done on Wednesday, revealed the data shared by the department. Usually, the daily property registration number is in the 8,000-9,000 range.
“It is a common trend we see in the last week of March. There is usually a rush at registration offices during this time,” said an official.
Meanwhile, high-value property registrations have helped the state cross the revenue collection target of Rs 40,000 crore for this financial year. Till Wednesday, Rs 41,965.2 crore had been collected as revenue. The collection is expected to cross the Rs 42,000-crore mark by March 31, said the officials.
While only a few key offices were open on Thursday, as it was a public holiday, on Friday, the number of registrations is expected to be the highest, they added.
State Credai president Sunil Furde told TOI that citizens are expecting a rise in the RR rates. Therefore, in the past two-three days, there has been a rush among homebuyers to get their properties registered ahead of the RR announcement. “Though we have requested the state government to keep the RR rates unchanged, we are not sure if our request will be accepted,” he said.
Source : Times Of India