PROPERTY REGISTRATION REVENUE ( STAMP DUTY ) IS UP BY 20% IN KARNATAKA-Effect of Demonetisation !!!


The Revenue from the registration of properties have gone up to Rs.8,735 crores in 2017, but the number of DOCUMENTS REGISTERED HAS NOT GONE UP or REMAIN THE SAME.

It is the result of DEMONETISATION.  Now, buyers are paying less (cash) and more through the legitimate way of making payment either through DD or Cheques or Bank Transfers.

Bangalore register the maximum number of documents registered.  The Government of Karnataka got Rs.1,407 Crores more than the corresponding period last year.