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Thiruvananthapuram district receives 527 crore from property registration

Thiruvananthapuram was also the district to record the second highest number of documents to be registered in 2021-22. As many as 1,00,717 documents were registered in the district.

The district recorded the second highest registration revenue after Ernakulam in 2021-22. An amount of Rs 527.27 crore was grossed by Thiruvananthapuram through property registration, while Ernakulam collected Rs 977.21 crore. The figures were announced by minister V N Vasavan here on Monday.

Thiruvananthapuram was also the district to record the second highest number of documents to be registered in 2021-22. As many as 1,00,717 documents were registered in the district. Malappuram topped among the districts with the highest number of documents to be registered in 2021-22 with 1,20,143 registrations.

The stringent moves aimed at registering the actual value of buildings in documents proved crucial in enhancing the revenue through registration of documents. Earlier, the actual value of buildings would not be shown in the documents which led to loss in revenue.

The minister said that the registration department has registered a record revenue during 2021-22 period. The fiscal recorded an increase of Rs 1301.57 crore when compared to the previous year. The budget aimed at generating Rs 4,125.99 crore in 2021-22 and the actual collection recorded 107.41% increase to record Rs 4,431.88 crore.

The minister added that the registration department recorded an excess revenue of Rs 305.89 crore in 2021-22.

By the end of the fiscal, 9.26 lakh documents were registered in the state, which is 1,63,806 documents more than that was registered in 2020-21.

The state recorded a revenue of Rs 4,431.88 crore through registration of documents.

The minister said that the finance department has allocated Rs 525 lakh for the computerization of registration department. An amount of Rs 4 crore has been allotted for the modernization of registration department in the present fiscal. The minister added that digitization process of old documents is going on in six districts. C-DIT is implementing this scheme.

The project also covers restoration of documents crumbled from age and documents which were damaged during the flood of 2018 and 2019. E-stamping process is also underway as part of the 100-day programme. E-stamping is presently mandatory for land registration requiring payment of stamp duty above Rs 1 lakh. The facility to provide certified document copies from sub-registrar offices online will also be implemented soon, the minister said.

Vasavan added that the model of documents would be simplified to bring a uniform format. The fingerprint copies and photos of the parties will be made available using digital equipment. This will enable return of documents on the same day of registration.

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