Madhya Pradesh's earnings from stamp duty and property registrations rose by nearly Rs 211 crore, or 12.82 percent, in the first two months of the current fiscal year. Higher guideline values and rising property prices boosted collections even as growth in transaction volumes remained modest.
District-wise Performance
Indore accounted for the highest revenue among major districts, followed by Bhopal and Gwalior. The district generated Rs 328.45 crore from 25,405 property transactions, compared with Rs 302.18 crore from 23,261 documents a year ago, marking an 8.69 percent increase. Bhopal recorded a sharp rise of 24.82 percent to Rs 239.75 crore from Rs 192.08 crore, with registrations increasing to 15,774 from 14,041.
Gwalior posted revenue growth of 24.77 percent to Rs 120.81 crore despite a decline in transaction volumes, with registered documents falling to 9,556 from 10,444. Jabalpur recorded collections of Rs 96.78 crore, up 8.9 percent from Rs 88.87 crore, while registrations remained almost flat at 6,689. Ujjain generated Rs 67.43 crore, an increase of 17.92 percent, although registered documents dipped to 10,448 from 10,938.
State-wide Figures
Data from the registration department showed that the state generated Rs 1,843.54 crore through stamp duty and registration fees from April to May in FY 2026-27, compared with Rs 1,632.86 crore in the corresponding period last year. The number of registered documents increased by 4 percent to 2.23 lakh from 2.14 lakh.
Stamp and registration department inspector general Amit Tomar said, "The growth in revenue has been impressive. In the first two months of the current financial year, the department collected Rs 1,843.54 crore against Rs 1,632.86 crore in the same period last year, while the number of registered documents increased to 2.23 lakh from 2.14 lakh."
Factors Behind Growth
CREDAI Madhya Pradesh president Dheeresh Khare noted that the jump in collections was much higher than the increase in registrations. "The number of documents registered has not increased significantly compared to last year. Higher guideline rates have pushed up revenues. Also, with gold prices touching record highs, many investors are considering property as an alternative investment," he said.
The data indicated that revenue growth across the state far outpaced the increase in transaction volumes, suggesting higher average ticket sizes in the property market.
