Business / बिज़नेस

Up to 550 percent growth in revenue from registration and stamp duty

Bhopal. The revenue of registration and stamp department in the state has increased by 550 percent in the year 2016-17 in comparison to the year 2003-04. Revenue earning of the department was around Rs 616 crore in 2003-04, which has increased to Rs 3,947.47 crore in the year 2016-17.

 In order to make process of registration of documents simple and easy, SAMPADA (stamp and management of property and documents application) software has been developed in the state. This is a web enabled process, under which e-registration of documents of non-movable property and e-stamping of documents is made on which duty is charged. Along with bringing transparency in registration process, SAMPADA project has been implemented to put an end on sale of property by one seller repeatedly by registration. Earlier, documents to be submitted for registration used to be kept pending due to insufficient availability of stamps. Documents carrying lesser stamps are not accepted in SAMPADA project. Due to this process, revenue to the state government is not getting obstructed.

Owing to SAMPADA project, online system for paying stamp duty and registration fee has been put in place. All works have been made cashless through this and trend of fake stamps has been stopped. The state has achieved objective of cashless transaction of the Centre government due to SAMPADA project.

Office buildings’ construction - During the period from the year 2003-04 to 2016-17, office buildings of district registrar and deputy registrar have been constructed in most of the districts. Building construction has helped securing permanent documents. State level headquarters of the department has been constructed at Arera Hills. Atal Bihari Vajpayee School of Good Governance and Policy Analysis has awarded first prize to the office of the Director General Registration- Madhya Pardesh, in the category of head of department taking into account the standards of construction, facilities and maintenance in state-level headquarters. This revenue has grown to Rs 4800 crore in the year 2017-18.