Kathmandu. The government collected Rs 11.94 billion in revenue from real estate transactions in the last fiscal year. According to the Department of Land Management and Records, which keeps track of transactions across the country, the highest revenue collection was made in the fiscal year (2082/83 ( in the month of June. 

The department has provided the details of revenue collection for the year. According to the data, revenue worth Rs 6.26 billion was collected in April last year. This is the second highest revenue collection of the year. 

According to the department, revenue worth Rs 3.28 billion was collected in the month of July 2082.In August, it had received only Rs 3.14 billion, seven lakh 16 thousand 335 rupees. 

Similarly, there was less revenue in September and October.The government had deposited Rs 2.75 billion in September and Rs 2.74 billion in October.

The revenue collection in December was Rs 4.84 billion and Rs 5.17 billion in December last year. In January, Rs 5.99 billion was collected from real estate transactions and Rs 4.14 billion in February. 

Similarly, the government had deposited Rs 6.16 billion in April, Rs 6.26 billion in April and Rs 5.24 billion in May. 

Last June, there was a significant improvement in the transaction and revenue collection also increased. It is estimated that the increase in transactions has been made in the budget as the capital gains tax on real estate transactions will be increased from July 1. As a result, Rs 11.94 billion revenue was collected in the last fiscal year, according to the department’s data. After the coronavirus pandemic and the Gorkha earthquake, the highest revenue was collected from real estate transactions in June.