chennai the governments revenue of 9854 crore from property registrations in the past nine months is the highest in the last five years from 2017 the 2021 april to december revenue was 43 more than in 2020 6881 crore and 19 more than the precovid year of 2019 8267 crore registration department sources said the revenue is likely to touch 15000 crore by end of march 2022december 2021 also saw the highest revenue from land registration in the past four years at 1405 crorechennai and suburbs are witnessing a spike in new launches more than 40 of the revenue from property registrations in 2021 was from the chennai zone comprising the city and neighbouring districtsknight frank india said 7900 housing units were sold between april and december in the chennai real estate market in 2021 as a whole 12783 housing units were launchedflat promoters association chennai south vicepresident r s balaji said supply of housing units at present was more than demand from homebuyers as several projects had been completed after pandemic restrictions were lifted after the second wave currently customers have multiple choices if they want to buy an apartment in the southern and western suburbs he addedsuresh krishn president of credai tamil nadu chapter said that there would be a short term impact on housing sales due to the lockdown restrictions in view of the third wave the impact will depend on the number of days the restrictions are in place demand will revive after the curbs are is eased he saidsrinivas anikipatti senior director tamil nadu and kerala at knight frank india said the number of bookings will be less during the lockdown days when there is no access to registration offices