New registration fees in Andhra Pradesh from today.
New registration charges are being implemented in Andhra Pradesh starting today, impacting land transactions, house registrations, and other dealings. The increase in fees has led to a surge in registrations, with significant revenue generated by the government. The new rates are expected to boost future revenue despite potential short-term market effects.
New registration charges will come into effect in Andhra Pradesh from today. Specifically, land transactions, house registrations, and other dealings have increased. Due to the rise in charges, many people came forward yesterday to complete their registration tasks quickly. Typically, only 70 to 80 registrations are processed daily, but over 170 transactions were recorded yesterday. With the government announcing the new rates in advance, people were eager to take advantage of the opportunity.
In Guntur district, the highest number of registrations was completed, totaling 1,184. There was heavy congestion at the registration offices as people visited in large numbers. Officials took preventive measures to avoid technical issues.
In just one day, the government earned ₹107 crore in revenue from registrations. This is a significant increase compared to the revenue on normal days. Authorities believe that the new charges will lead to higher future revenue.
Due to the new registration charges, land sellers, buyers, and real estate businesspeople will need to devise new strategies. Analysts predict that the market may experience some impact due to the government's decision in the short term. However, the government believes that long-term revenue growth is achievable. For more updates on this and other developments in Andhra Pradesh, visit Vaartha.
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