Karnataka to Launch Online Registration of Properties

May 22, 2007	(Be the first to rate this story!)  Loading ...
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Encouraged by the success of Bhoomi, a project in Karnataka to computerize all land records in the state, the revenue department is now trying to take task a step further by making registration of properties online.

The revenue minister Jagdish Shettar had a meeting with sub registrars and inspector general of stamps and registration (IGSR) to discuss the same. The move will simplify the registration process for both sellers and buyers, as per guidance values.  Also, this will help to deter property scams to a large extent, explains Shetter.

The officer has asked the IGSR to work out the feasibility and submit a report within two months, he adds.

Another proposal discussed at the meeting involved removing the geographical limits of sub-registrar’s offices for registration. This means that the entire city will be taken as a single unit.

As all the records will be online, there will be no problem of duplication.  The meeting also focused on the crunch of acquiring stamp paper from banks.

Shettar also shed light on the issue over auction of revenue land recovered from encroachments. A large chunk of the land is still ‘safe’ with the government. 10.28% of recovered land was put on auction. The government also ensured to get atleast Rs 1 crore per acre before selling off the land.

News Published Under:   Real Estate India |

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