Corona scare results in 288 crore dip in Stamp duty collection

The shutdown triggered by the spread of coronavirus has caused the stamp and registration department in Agra district a loss of Rs 288 crore this fiscal. According to officials, they have collected Rs 450 crore in 2019-20, which was Rs 738 crore in the last fiscal, thereby incurring a loss of Rs 288 crore (30%) to the department. On an average, 10 sub-registrar offices in the district used to carry out registration of as many as 100 properties daily. The number, however, reduced to 10 following the reports of coronavirus spread in the first week of March. Meanwhile, the state government on Friday suspended the registration of properties till March 31.