Maharashtra Sees 17% Rise In Stamp Duty Revenue

The state of Maharashtra has witnessed a notable surge in its stamp duty revenue. In the first four months, the revenue has increased by 17%. This significant rise is observed despite the ready reckoner rates remaining unchanged. The ready reckoner rates are crucial as they serve as a basis for calculating the stamp duty on property transactions. The unchanged rates were anticipated to have a neutral impact on the revenue; however, the actual numbers indicate a positive trend. This increase in stamp duty revenue can be attributed to various factors, including an uptick in property transactions within the state.