nashik the slowdown in real estate sector during the last financial year 201920 has led to 40 drop in nmcs revenue through 1 local body cess on property deals the civic body is entitled to get 1 as local body cess on every transaction of property undertaken by the registration and stamp duty department apart from the 5 stamp duty 1 local body cess is levied on every transaction of property that take places in the jurisdiction of the nashik municipal corporation nmcthe municipal corporation has received rs 39 crore as its 1 share during the last fiscal 201920 as compared to rs 63 crore that it garnered during the previous financial year in 201819the real estate sector in nashik is facing slowdown since a year or two now but the last financial year was comparatively bad for the real estate sector due to slowdown said nmc officials