With 26,000 Property Registrations in a Day, Karnataka Collected Rs. 311 Crore

With 26,000 Property Registrations in a Day, Karnataka Collected Rs. 311 Crore

The Karnataka Stamps and Registration Department collected around Rs. 311 crore on 27th September with 26,000 property registrations.

Karnataka set a new single-day record with an amazing collection for property registration, where 7,300 property registrations were done in Bengaluru alone, with an approximate revenue of Rs. 218 crore.

Karnataka Stamps and Registration Department says that the collection is around Rs 70-80 crore on any normal day. However, this one-day collection has set a new history by being the highest-ever single-day collection in the 157 years.

The Revenue Minister, Krishna Byregowda, said, “It is a new record in the history of the Stamps and Registration Department for a single day, and the number keeps increasing”. Minister said,”As sub-registrar offices have been working from 8 am to 8 pm to facilitate property registration ahead of the revision in guidance values from 1st October, there has been a heavy rush at all registration offices.”

The Karnataka government also introduced a new software, Kaveri-2, to simplify property registration, which will take only 10-15 minutes.