Stamp duty, regn revenue up 30% at 19k cr in Guj

Gandhinagar: Gujarat's revenue from stamp duty and registration fees rose 30% year on year to Rs 19,102.58 crore in 2025-26, up by nearly Rs 4,400 crore from Rs 14,706 crore in 2024-25, according to official figures. The number of property documents registered in the state during the financial year ended March 31, 2026, stood at 18.95 lakh, compared with 18.77 lakh in the previous year. The marginal rise in registrations, alongside a sharp increase in revenue, reflects a higher value of registered properties than in the previous year. Officials and real estate sector sources attributed the rise partly to the increase in jantri rates. "The govt doubled jantri rates in the 2023-24 financial year and this is reflected in the fact that while there is a modest increase in the number of property document registrations, the actual income from stamp duty and registration fee during the just concluded financial year has risen significantly," a govt official said.The 2025-26 collection was close to the state govt's estimated target of Rs 19,800 crore.Ahmedabad district recorded the highest number of property registrations and generated the most revenue. During the year, 3,76,859 property documents were registered in the district, yielding Rs 4,379.51 crore in stamp duty and registration fees.Surat ranked second with 2,89,544 property registrations, followed by Rajkot with 1,54,211, Vadodara with 1,32,475 and Gandhinagar with 1,04,175. Dang district recorded the lowest number of property registrations in the state at 43.Real estate industry representatives said the figures reflect sustained demand in the sector. Tejas Joshi, president of CREDAI Gujarat, said Gujarat's real estate market has seen strong demand over the past few years, with a significant number of projects delivered and sale deeds executed. He said several high-value land transactions also took place after the announcement of the Commonwealth Games.Joshi said demand remained strong across residential, commercial and industrial segments and that stamp duty and registration fee collections were likely to remain robust.However, real estate experts said many sale deeds registered in 2025-26 were linked to transactions finalised in earlier years. Sources also pointed to recent GujRERA data showing that new project registrations in the state have fallen to their lowest level since the Covid-19 pandemic.