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Noida's stamp and registration department has reported its highest revenue in a decade, collecting approximately INR 4,498.7 crore in the financial year ending recently, achieving 87% of its INR 5,180 crore target. The increase was supported by a series of state government incentives, including stamp duty rebates for women, reduced charges on rental agreements, and concessional rates for intra-family property transfers. However, total property registrations declined to around 1.6 lakh units from 1.7 lakh in the previous year. The data indicates a divergence between revenue growth and transaction volumes, with a higher share of registrations occurring under concessional categories and larger-value properties contributing to overall collections.
Noida's stamp and registration department recorded its highest revenue collection in a decade in the financial year ending recently, generating approximately INR 4,498.7 crore, even as the number of registered property transactions declined during the same period. Advertisement
Officials stated that the department achieved about 87% of its INR 5,180 crore revenue target, reflecting stable inflows despite moderation in transaction volumes. A total of nearly 1.6 lakh properties were registered during the year, compared to around 1.7 lakh registrations in the previous financial cycle, indicating a year-on-year decline in activity.
The increase in revenue has been attributed primarily to a set of policy measures introduced by the Uttar Pradesh government to incentivise property transactions and formal registrations. Among these, a key initiative involved extending stamp duty rebates for women buyers. The eligibility threshold was revised during the financial year to cover properties valued up to INR 1 crore, with a 1% concession on stamp duty, allowing buyers to save up to INR 1 lakh on transactions.
In parallel, the state government rationalised charges on rental agreements, significantly reducing stamp duty and registration fees. Officials indicated that capped fee structures ranging between INR 500 and INR 10,000 were introduced for annual rental values up to INR 10 lakh, encouraging formalisation of lease transactions that were previously underreported.
Another policy intervention during the year allowed the transfer of commercial and industrial properties within families at substantially reduced costs. Instead of paying between 5% and 7% of the property value as stamp duty, such transactions were permitted at a fixed charge of INR 5,000, easing asset transfers for business owners.
Data from the department shows that a growing number of registrations were carried out under these concessional categories. Transactions availing rebates increased to 9,899 during the financial year, compared to 8,976 in the previous year, indicating wider adoption of incentive schemes.
Among sub-registrar offices, Greater Noida contributed the largest share of revenue, accounting for approximately INR 1,284.8 crore, followed by Noida-I at INR 846.8 crore. The Dadri office, which handles registrations in Greater Noida West, generated around INR 841.9 crore, highlighting the concentration of activity in key micro-markets.
Despite the record collections, year-on-year growth in revenue remained marginal, rising by only about INR 41 crore compared to the previous financial year. Officials noted that while collections remained stable, the decline in transaction volumes and increased reliance on concessional registrations influenced the overall growth trajectory.
The data reflects a shift in revenue composition, where higher-value transactions and policy-driven concessions have offset the impact of reduced registrations. It also indicates that while fiscal inflows remain steady, underlying transaction activity has shown signs of moderation within the district's property market.
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