Revenue from land registration across the country increased by around 21 percent over the first five months of the current fiscal year compared to the figure of corresponding period last year.

However, the rise is relatively low compared to general expectation that there will be significant improvement in property transactions after timely announcement of budget and successful Constituent Assembly (CA) elections.

Data compiled by the Department of Land Reforms and Management (DoLRM) shows land registration fee worth Rs 2.25 billion was collected until mid-December. In the same period last year, the government had mobilized Rs 1.85 billion.

“We could not see remarkable improvement in land transactions even after positive political and economic development in the country,” Tulasi Ram Vaidhya, an official at DoLRM, told Republica.

Land revenue offices in Kathmandu, Lalitpur and Bhaktapur mobilized Rs 144.1 million in the month ending mid-November and Rs 200 million in the month ending mid-December. Last year, the government had collected Rs 135.3 million and Rs 169.8 million, respectively, in the month ending mid-November and mid-December.

The government mobilized Rs 5 billion in land registration fee in 2012/13 against the target of Rs 4 billion.

source: republica,25 Dec 2013