Ghaziabad’s stamps and registration department recorded its highest-ever annual revenue of ₹2,856 crore during fiscal year 2024–25, registering a total of 1,31,238 property documents, officials said Tuesday, as reported by the Hindustan Times.
The figure marks a substantial jump from the 1,22,335 registries and ₹2,549 crore collected in 2023–24, and the 1,07,334 registries and ₹2,258 crore revenue posted in 2022–23. Despite falling short of the ₹3,104 crore target set for the year, the department achieved 92% of its goal, its highest performance to date.
Emerging residential hubs such as Raj Nagar Extension, Crossings Republik, and Wave City contributed significantly to the spike in registrations, officials said. In contrast, localities across the trans-Hindon region saw lower activity, with registration levels nearing saturation.
Assistant Inspector General (Stamps) Pushpendra Kumar attributed the revenue boost to rising urbanization and increased interest in property ownership. “People are registering more properties as the city expands. Typically, stamp duty of 5% is levied on property transactions, along with an additional 2% duty,” he said.
The additional 2% stamp duty is earmarked for the state’s infrastructure development fund, which the government later allocates to civic bodies and development authorities for local projects.
Looking forward, the administration expects continued growth in the property market, driven by the proposed Ghaziabad Master Plan 2031. The draft plan, which awaits final approval from the Uttar Pradesh government, outlines a significant increase in developable land—60,282.12 hectares compared with 15,554 hectares in the 2021 plan. The expansion is aimed at facilitating growth in Loni, Modinagar, Muradnagar, and within Ghaziabad city limits.
In the 2024–25 fiscal year, the department also extended several rebates, including ₹181 crore in stamp duty relief for gift deeds executed among blood relatives; ₹53 crore in concessions for women registering property in their name; ₹11.14 crore for micro, small, and medium enterprises (MSMEs); ₹4.57 crore for ex-servicemen; and ₹1.34 crore for applicants with disabilities.
Despite the district’s growing revenue generation, concerns over underdeveloped civic infrastructure persist. “Ghaziabad generates significant funds, yet the infrastructure still lags behind other developed cities,” said Himanshu Mittal, a former Kavi Nagar councilor.
Mittal filed a public interest litigation in 2022 with the high court, seeking the expedited release of infrastructure development funds (IDF) that remain pending with the state. “If the IDF gets stuck, it delays local development,” he said. The petition remains under review.
Earlier, in September 2014, councilors from all political parties staged a week-long protest at the district magistrate’s office to demand the release of withheld development funds.