Kathmandu. With the decline in the registration of land in Bagmati Province, the revenue received by the government has also dropped significantly.
Nepal Rastra Bank (NRB) has made it public. Last fiscal year 2081. This is according to the economic activity report of Bagmati Province up to mid-July 1982. The number of real estate registrations in Bagmati Province has decreased by 25 percent in the review year. The same had fallen by 18.10 per cent the year before last.
According to the report, 98,648 real estate units were registered in the review year. Last year 2080. A total of 131,451 real estate registrations were registered as of mid-July 2018.
Likewise, the revenue collected by the government from land registration decreased by 23.6 per cent to Rs 139.76 billion in the review year. Such revenue had decreased by 26.23 percent in the same period of the previous year. In the previous fiscal year, the government had collected Rs 182.70 billion in revenue from land registration.
Similarly, the number of houses and buildings has decreased by 1.7 percent in the review year.
