Kathmandu. Although real estate transactions across the country are improving, revenue collection has declined in Magh compared to last Poush.
According to the Department of Land Management and Records, which maintains details of real estate transactions, revenue collection amounted to 3.87 billion 24 million 81 thousand 647 in Magh. Revenue collection amounted to 4.25 billion 22 million 21 thousand 779 in Poush. According to the department, revenue collection amounted to 3.87 billion 48 million 26 thousand 976 in Mangsir.
According to the details of the seven months of the current fiscal year, there has been a modest increase in revenue collection. Compared to the same period of the previous fiscal year, revenue collection has increased by almost 14 percent in the seven months of the current fiscal year. The Department of Land Management and Records has stated that a total of 24.71 billion rupees worth of revenue has been collected by the end of Magh of the current fiscal year.
In the same period of the previous fiscal year, 21.65 billion rupees worth of revenue was collected. A total of 46,50,069 deeds were passed in Magh last year, while the number was 48,156 in Poush last year. Among the nine different land revenue offices in the Kathmandu Valley, the Land Reforms and Land Revenue Office, Lagankhel, has collected the highest revenue. The office has collected 337.4 million rupees in revenue, according to the details.
Similarly, the Dilli Bazaar Land Revenue Office has collected 269.2 million rupees, the Kalanki Land Revenue Office has collected 261.1 million rupees, the Chabahil Land Revenue Office has collected 208 million rupees, and the Bhaktapur Land Revenue Office has collected 244.2 million rupees, the department has stated.
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