In April 2024, Mumbai saw the second-highest volume of property registrations for the month of April in over 12 years, coupled with its highest April stamp duty collection within the same period.
The stamp duty collection has recorded 16% on-year increase at Rs 1,047 crore, while the countrys commercial capital has witnessed registrations of over 11,475 property deals during the month, showed data from Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra.
Of the total properties registered in April, 83 per cent were residential while 17 per cent were non-residential properties. The growth in revenues was on account of the surge in higher-value property transactions
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Published 12 March 2021
The Federal Government on Thursday declared that the Nigeria Postal Service was the agency authorised to produce and collect stamp duties across the country.
By this declaration, NIPOST has reclaimed the right to collect stamp duties from the Federal Inland Revenue Service.
This brings to an end the prolonged years of scuffle between both agencies on who had the authority to collect stamp duties in Nigeria.
The Minister of Communications and Digital Economy, Isa Pantami, made the latest decision public in Abuja during the inauguration of Nigeria’s 60th Independence Anniversary Commemorative Postage Stamps.
He said, “Our efforts regarding the issue of stamp duty collection with other government institutions have yielded positive results.