CHENNAI: Tamil Nadu generates the most revenue from stamp duty and registration fee among states after Maharashtra and Uttar Pradesh, according to an analysis by a financial services firm.
A study by Motilal Oswal Financial Services Ltd. said that the cumulative revenue collection through stamp duty and registration charges from all the states was ₹1,001 billion between April and November in the current financial year (2021-22). Of this, Tamil Nadu’s share was ₹8,669.8 crore (8.7%), behind only Maharashtra with ₹17,096.9 crore and Uttar Pradesh with ₹12,785.6 crore. Tamil Nadu was third in the previous financial year too (2020-21), accounting for 9.1% of the total stamp duty and registration fee generation in the country. Tamil Nadu collects 11% of the project cost as these charges.
