Gautam Budh Nagar stamp department’s income collection hops 18 percent in FY24

With the advancement specialists in charge of the Delhi rural areas of Noida, more prominent Noida and the lodging clusters along the Yamuna Expressway Specialists permitting the registration of pads in slowed down ventures, the stamp and enlistment office of Gautam Budh Nagar, the area that these ranges drop in, has seen a hop of around 18 percent in its income collection for the budgetary year 2023-24 compared with FY23.

According to authorities of the area organization, the office recorded an income of Rs 3,585 crore in FY24. Be that as it may, this was underneath the target of Rs 4,728 crore for the financial. An year prior, the income collection figure stood at Rs. 3,018 crores.

An official of the stamp and enlistment division said that the higher income collection in FY24 was specifically inferable to the choice allowing the registry of pads over slowed down lodging ventures where such documentation has been pending for the final numerous years.

“The income collection in FY 2023-24 is Rs 3,585 crore which is more than that collected in the past budgetary year. It is to a great extent since the advancement specialists in the area gave authorization for more registries that have been pending for a long time. This has energized homebuyers to execute registries thus our income expanded as compared to final budgetary year,” an official of the locale organization told news publication.

The official included that the income collection target for 2024-25 has been set at around Rs 4,800 crore.

Registries were pending in Noida, more noteworthy Noida and Yamuna Expressway districts since of non-payment of contribution by builders.

According to official gauges, genuine domain engineers collectively owe around Rs 44,700 crore to the advancement specialists in Gautam Budh Nagar. They owe nearly Rs 26,000 crore to the Noida Specialist and approximately Rs 14,000 crore to the More prominent Noida Mechanical Improvement Specialist (GNIDA) and Rs 4,700 crore to the Yamuna Expressway Mechanical Improvement Specialist (YEIDA).

These bodies as of late permitted the elbowroom in enlistments after the Uttar Pradesh government in December 2023 received the suggestions of the Amitabh Kant committee on bequest slowed down lodging ventures, which had submitted its report in Eminent 2023.

GNIDA executed registries of 1,366 flats across 16 lodging ventures in Walk 2024 alone beneath the Kant board proposals, wherein the engineer has to pay 25 percent of the add up to owed to the specialist for this purpose.

Similarly, Noida Specialist has moreover said that it has given consent for the registry of over 13,000 flats in 35 ventures after builders gave an undertaking to clear their budgetary dues.

To get consent for registry of prepared flats in Noida, designers have concurred to pay Rs 552 crore worth of levy, or 25 percent of them add up to owed sum of Rs 2000 crore, the official said.