October 3, Kathmandu.
The government collected more than 3.9128 billion rupees in revenue from real estate transactions across the country in Bhadra 2083 BS.
According to the integrated details collected by 158 Land Administration (Malpot) offices under the Department of Land Management and Archives and local levels, the said revenue was collected from real estate transactions.
Among the revenue collected in Bhadra, the largest share is from deed registration fees and Capital Gains Tax (CGT). According to the department, 1.9021 billion rupees was collected from registration fees and 1.7935 billion rupees from capital gains tax. Similarly, 168.2 million rupees from service tax, 20.3 million rupees from Chief Minister’s Sanitation Campaign Fund fee, and approximately 28 million rupees from door facility, late fees, and freeze fees, etc., were collected.
More than 55 percent of the total revenue was collected from 9 offices in Kathmandu Valley. Department statistics show that 2.1627 billion rupees in revenue was collected from the valley offices alone.
Among the highest revenue collectors within the valley, Bhaktapur office is ahead. Bhaktapur collected 491,697,520 rupees in revenue in Bhadra. Of this, 221.1 million rupees were collected from registration fees and 251.4 million rupees from capital gains tax.
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After that, Lagankhel office of Lalitpur collected 388,074,804 rupees in revenue. Kalanki, Chabahil, and Dillibazar offices of Kathmandu collected 371,255,866 rupees, 335,526,045 rupees, and 314,394,844 rupees in revenue respectively.
Outside the valley, Pokhara office of Kaski collected the highest revenue of 168,307,560 rupees. Inaruwa of Sunsari collected 154,216,683 rupees and Butwal of Rupandehi collected 118,801,089 rupees.
Chitwan collected 94.6 million rupees, Bhairahawa 83.6 million rupees, Biratnagar 77.6 million rupees, Birgunj 77.2 million rupees, and Bhadrapur 75.1 million rupees. Kavre and Janakpurdham collected 63.8 million rupees each, and Belbari collected 60.5 million rupees in revenue.
Ghorahi and Tulsipur of Dang collected 50.3 million rupees and 47.3 million rupees respectively, Nepalgunj 47.6 million rupees, and Dhangadhi 39.9 million rupees. In contrast, real estate transactions have been low in Himalayan and remote hilly areas. Bajura collected only 22,633 rupees, Siridibas of Gorkha 29,400 rupees, Jhotabhairav of Bajhang 45,728 rupees, Jogbudha of Dadeldhura 99,614 rupees, and Achham 128,000 rupees in revenue.
The data for Bhadra shows that Kathmandu Valley’s dominance in revenue from real estate transactions remains, while outside the valley, the transaction base is comparatively strong in major commercial centers like Pokhara, Inaruwa, and Butwal.
For More: Real Estate Revenue Bhadra
