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Gujarat reported a strong rise in stamp duty and registration revenue in the financial year 2025-26, with collections increasing 30% to INR 19,102.58 crore compared to INR 14,706 crore in the previous year. The growth came despite only a marginal rise in property registrations, indicating higher property valuations as the key driver. Officials linked the increase to revised jantri rates implemented in the earlier cycle, which continued to impact valuations. Ahmedabad led the state in both revenue and registrations, followed by Surat, Rajkot, Vadodara and Gandhinagar.
Gujarat's stamp duty and registration revenue saw a significant increase in the financial year 2025-26, rising to INR 19,102.58 crore, marking a 30% jump compared to INR 14,706 crore in the previous year. The performance highlights a strong upward trend in government earnings from property transactions, even as the overall volume of deals showed only limited movement. Advertisement
The number of registered property documents in the state increased only slightly from 18.77 lakh to 18.95 lakh during the same period. This indicates that the growth in revenue was largely supported by higher property valuations rather than an expansion in transaction activity. The trend reflects a market where value per transaction has become more influential in shaping overall collections.
Officials have attributed this rise primarily to the revised jantri rates implemented in the earlier cycle, which increased the base valuation of land and properties across Gujarat. These revised rates continued to influence stamp duty calculations during the financial year under review, leading to higher per-transaction revenue for the state.
Ahmedabad continued to remain the leading district in terms of both registrations and revenue generation. The city recorded 3,76,859 property documents and contributed INR 4,379.51 crore in stamp duty and registration fees. Surat followed with 2,89,544 registrations, while Rajkot, Vadodara and Gandhinagar also contributed steady volumes to the state's overall performance.
Among districts, Dang recorded the lowest activity with just 43 registered documents, highlighting the uneven distribution of property transactions across the state. Despite this variation, major urban centres continued to anchor the state's real estate-driven revenue base.
Industry observers noted that demand across residential, commercial and industrial segments remained steady through the period. However, they also pointed out that a portion of registered transactions may be linked to deals negotiated earlier, which suggests that current market activity is not entirely reflected in fresh project-driven demand. The overall trend still indicates stability in key urban real estate markets, particularly in Gujarat's top-performing districts.
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