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Nepal News The Rising Nepal | Nepal's First English Broadsheet Daily.
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Started 1 week ago · Updated 1 week ago

Nepal's Real Estate Revenue Surges to Over Rs 6.26 Billion in Baisakh

Photo · risingnepaldaily.com

Revenue from land and property transactions in Nepal increased to over Rs 6.26 billion in the Nepali month of Baisakh (mid-April to mid-May), a rise from Rs 6.16 billion collected in the preceding month of Chaitra (mid-March to mid-April). The Department of Land Management and Archives reported that this revenue includes Rs 3.31 billion from registration fees and Rs 2.55 billion from capital gains tax.

  • The total revenue of Rs 6.26 billion collected in Baisakh comprised Rs 3.31 billion in registration fees, Rs 2.55 billion in capital gains tax, Rs 344 million in service tax, and Rs 44.8 million from the Chief Minister Hygiene Fund.
  • Revenue collection in the previous month of Chaitra amounted to Rs 6.16 billion, with Rs 3.22 billion from registration fees, Rs 2.52 billion from capital gains tax, Rs 360 million from service fees, and Rs 46.2 million from the cleanliness fund.
  • Earlier months showed lower figures, with over Rs 4.14 billion collected in Fagun (mid-February to mid-March) and more than Rs 5.99 billion in Magh (mid-January to mid-February).
  • The data indicates a gradual improvement in the country's real estate market following fluctuations in recent months.

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