A compliance audit of property registration transactions for the year ended March 2024 has flagged potential revenue leakage of Rs 95.97 crore across 967 cases. The audit covered 114 of 647 auditable registration units and found irregularities mainly involving misclassification, undervaluation and inadequate disclosure of transaction details. Misclassification accounted for the largest share, with 605 cases involving Rs 85.84 crore. Another 63 cases of undervaluation involved Rs1.07 crore in potential revenue loss. The review also found that information available in sale deeds, agreements, tax records, project approvals and technical assessments was not being adequately cross-checked during the registration process. Concerns were also raised over power-of-attorney transactions. In three cases, powers of attorney were registered without consideration, while subsequent records indicated transactions worth approximately Rs 100.08 crore. The audit further highlighted a significant monitoring backlog. As of March 31, 2024, 5,428 internal audits were pending, while 61,109 audit paragraphs involving Rs 323.7 crore remained outstanding. The audit recommended stronger transaction verification, accurate property classification, proper application of guideline values and closer scrutiny of powers of attorney and subsequent property sales. Since only 114 of the 647 auditable units were examined, the findings are considered indicative rather than a complete assessment of revenue leakage across the entire registration system.