Registration falls in Bihar

Registration falls in Bihar
08/12/2016 , by , in News/Views

Registration rates for plots of land and flats in Bihar have fallen drastically after the demonetisation on November 8.

There are 124 registry offices across Bihar. At the Patna registry office both flat and shop registrations have been badly affected.

“It is not only my story. Demonetisation by Prime Minister Narendra Modi has caused a havoc for deed writers, their agents and others directly or indirectly dependant on land deals at registry offices across the state,” Singh, a resident of Kankarbagh.

“Land registrations figure shows that there has been a dip of nearly 32 percent from November 8 to November 24 as per the records of registry offices,” an official of the registration department told.

“The state revenue earning also decreased. In October, the state government earned Rs 169.36 crore through 54,769 land and flat registrations. But in November, the registration numbers fell to 26,251, roughly half of the October number, and the government earned merely 83.17 crore,” the official said.

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