Pokhara, 16 February | Land Revenue Offices across Nepal collected a total of Rs 5.009 billion in revenue during the month of Magh (mid-January to mid-February). This reflects a slight decrease compared to the previous month of Poush, where the collection stood at Rs 5.173 billion. According to the Department of Land Management and Archives, which tracks real estate data nationwide, the real estate market has yet to see a significant surge in transaction volume. Despite the marginal drop in monthly revenue, the number of land ownership transfers (Likhat Parit) reached 50,837 in Magh, marking a slight increase compared to the transactions recorded in the same month of the previous year.
A breakdown of the revenue highlights that registration fees remained the largest contributor, accounting for Rs 2.686 billion. Additionally, the government collected Rs 1.965 billion in Capital Gains Tax and Rs 315.8 million in service taxes. While the overall transaction volume shows a gradual rise in documentation compared to last year, the department notes that the financial output remains relatively stable rather than showing aggressive growth. The collection of Capital Gains Tax continues to be a vital component of the federal revenue generated through property sales. The Department of Land Management and Archives maintains that while activity is consistent, the broader real estate sector is currently navigating a period of moderate growth.
