Property registration data for Mumbai, Pune, Hyderabad: what the monthly numbers show and miss
Monthly registration counts drive property headlines. Here is where the official figures come from, what Maharashtra's CAG-reported stamp duty receipts show for April–July 2026, and how to compute duty per registration to test any September number yourself.
Rules and rates as of 12 October 2026.
Early every month, a single number about Mumbai property starts circulating: how many sale documents were registered in the city the month before, and how much stamp duty they brought in. September 2026's count is already doing the rounds. Before you let it shape a decision about when to buy, it helps to know where the number comes from, what it actually counts, and which official figures you can check yourself.
One caveat up front. The registration counts for September 2026 for Mumbai and Pune, and for the Hyderabad area, could not be read on the official portals at time of writing, so this article does not quote them. Any September count you see should be treated as figures pending verification against IGR data. The state-level revenue numbers below are official and were read on the source.
Where the numbers come from
In Maharashtra, property documents are registered at sub-registrar offices run by the Department of Registration and Stamps, headed by the Inspector General of Registration (IGR). The Mumbai headline figure that circulates each month is said to be built from IGR data; ask whoever quotes it which offices and document types it covers.
In Telangana, the Registration and Stamps Department runs its own portal. When we checked it on 12 October 2026, its homepage counter still showed a financial-year 2024-25 total, so it gave us no current monthly figure for Hyderabad.
There is also a third, less-watched source. Each month the Comptroller and Auditor General (CAG) publishes "Monthly Key Indicators" of every state's accounts. These include a line for Stamps and Registration Fees, the money the state actually booked. They cover the whole state rather than one city, and lag by a month or two, but they are official, provisional accounts and you can read them in a PDF.
What the official state accounts show
Maharashtra's 2026-27 budget estimate for stamps and registration fees is ₹68,600 crore. CAG's provisional figures:
| Period (2026-27) | Cumulative actuals (₹ crore) | Share of budget estimate | Same point last year (share of that year's estimate) |
|---|---|---|---|
| April | 4,884.59 | 7.12% | 5.68% |
| April–June | 15,950.56 | 23.25% | 15.43% |
| April–July | 21,859.27 | 31.86% | 28.70% |
Subtracting one cumulative figure from the next gives single-period collections: ₹11,065.97 crore for May and June together (15,950.56 − 4,884.59), and ₹5,908.71 crore for July alone (21,859.27 − 15,950.56). The last column needs care. It compares percentages of two different years' budget targets, so it says the state is further ahead of its own target than it was last year. It does not, on its own, say that collections grew by a given percentage.
What a registration count can and can't tell you
- It counts documents, not new homes. A month's figure mixes resale flats, fresh sales by developers, and, depending on the table, other instruments. It is not a count of homes sold by builders that month.
- It is a lagging signal. Many buyers of under-construction flats register the agreement for sale months after they first commit. A strong month can reflect deals agreed earlier.
- Timing distorts it. Festival dates, a coming change in ready reckoner rates or a stamp duty concession can pull registrations into one month and out of the next.
- It says nothing about price per square foot. Revenue reflects the declared and assessed value of all documents together, not the price of flats like yours.
Worked example: duty per registration
The one ratio worth computing yourself is average stamp duty per registration:
Duty per registration = stamp duty collected ÷ documents registered
Take two illustrative months (round numbers, not actual data). Month A: 12,000 registrations and ₹1,000 crore collected. ₹1,000 crore is ₹10,000,000,000, so 10,000,000,000 ÷ 12,000 = ₹8,33,333 per registration. Month B: 13,000 registrations and the same ₹1,000 crore. 10,000,000,000 ÷ 13,000 = ₹7,69,231.
Month B would be reported as "registrations up 8%". Yet the average document carried about 7.7% less duty. That points to smaller-ticket deals, or a different mix of documents, not a market where the same flats are changing hands at higher values. When a headline says counts rose while revenue fell, this is the arithmetic behind it.
Mumbai, Pune and Hyderabad: what to check
For Mumbai and Pune, the IGR portal is the source to check: the district-wise counts and collections for the month. A "Pune" figure can mean the city or the wider district, so check which before comparing it with Mumbai. For Hyderabad, the metropolitan area spans more than one revenue district, so ask which districts a single "Hyderabad" number includes.
Whatever the September counts turn out to be, they describe the market as a whole. They will not tell you whether a particular flat is fairly priced. That comes from the ready reckoner rate for the building and recent registered sale deeds nearby. A property lawyer or registered valuer can pull both for you.
What this means for you
This week, look up the Maharashtra ready reckoner (annual statement of rates) value for the specific building or survey number you are considering, and multiply it by the carpet or built-up area as the statement specifies. Compare that with the price you have been quoted. Stamp duty is levied on the higher of the two, so the gap tells you how your own duty bill will be worked out. If you see a September registration count quoted, open the IGR district table, check which offices it covers, and divide the collection by the count to get the duty-per-document figure.
