Gujarat’s revenue from stamp duty and registration fees increased by 30% year-on-year, reaching Rs 19,102.58 crore in the fiscal year 2025-26. This marks an increase of nearly Rs 4,400 crore from Rs 14,706 crore in 2024-25, as per official statistics.
The total number of property documents registered in the state for the financial year ending March 31, 2026, was 18.95 lakh, compared to 18.77 lakh in the previous year. This slight uptick in registrations, coupled with a significant rise in revenue, indicates that the value of registered properties has increased compared to the prior year.
Officials and sources within the real estate sector have attributed this increase in revenue partly to the rise in jantri rates. “The government doubled the jantri rates in the 2023-24 financial year, which is evident in the modest growth in property document registrations, while the actual revenue from stamp duty and registration fees for the recently concluded financial year has seen a substantial increase,” stated a government official. The revenue collected in 2025-26 was nearly in line with the state government’s estimated target of Rs 19,800 crore.
Ahmedabad district recorded the highest number of property registrations and generated the most revenue. Throughout the year, 3,76,859 property documents were registered in the district, resulting in Rs 4,379.51 crore in stamp duty and registration fees. Surat followed in second place with 2,89,544 property registrations, while Rajkot, Vadodara, and Gandhinagar recorded 1,54,211, 1,32,475, and 1,04,175 registrations, respectively.
Dang district had the lowest number of property registrations in the state, totaling just 43. Representatives from the real estate industry indicated that these figures demonstrate a sustained demand within the sector. Tejas Joshi, president of CREDAI Gujarat, remarked that Gujarat’s real estate market has experienced robust demand over recent years, with a considerable number of projects completed and sale deeds executed. He also noted that several high-value land transactions occurred following the announcement of the Commonwealth Games.
Joshi stated that demand continued to be strong in the residential, commercial, and industrial sectors, and that collections from stamp duty and registration fees were expected to remain substantial. Nevertheless, real estate professionals indicated that numerous sale deeds recorded in 2025-26 were associated with transactions that had been concluded in previous years.
Additionally, sources highlighted recent data from GujRERA, which revealed that new project registrations in the state have dropped to their lowest point since the onset of the Covid-19 pandemic.
