The land revenue offices across Nepal collected Rs 5 billion in total revenue during the month of Magh, marking a slight decrease compared with the Rs 5.17 billion gathered in Poush the month before, according to the Land Management and Record Department. The revenue figures show that while the property market remained active, it did not grow significantly enough to push collections higher.
The department reported that of the total amount collected, around Rs 315.8 million came from service tax, more than Rs 2.68 billion was generated through registration fees, and just over Rs 1.96 billion was received from capital gains tax on property transactions.
Despite the overall stability in the sector, officials noted that the total volume of real estate transactions has not seen substantial increases in recent months. In Magh alone, 50,837 real estate properties were traded, a number that was only slightly higher than the same month in the previous fiscal year.
This modest performance suggests that while the land and property market continues to function, growth in transactions and related revenue remains gradual rather than strong.
