The Revenue Minister of Karnataka said that the State Government has collected Rs 15,145 crore in additional tax from stamps and registration in the current fiscal year. Compared to last year, the government has decided to increase the revenue by 20%. It was reported that the achievement was after bringing transparency to the stamps and registration by introducing systems such as e-khata.
e-khata an electronic document that helps to prevent people from preparing fake documents to buy or sell properties. Indeed though some people are facing vexation in getting e-khatas as being new system introduced, all issues will be sorted out in the future days.
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e-Khata helps to streamline property records and tax management. It is an updated and digital version of the traditional property account system maintained by municipal authorities such as the Bruhat Bengaluru Mahanagara Palike ( BBMP ).
This system stores ownership details and property-related taxes in a centralized and digital manner. Property owners can access their e-Khata information and make property tax payments online. As this helps reduce disagreement and fraud, ensuring transparency in property deals, the revenue won’t evaded.
As per the report on The New Indian Express, Revenue Minister Krishna Byre Gowda said that the ministry struggled in the beginning stage of introducing e-Khata. The government is able to dispose of only 300 applications of the 15,000 received in the initial stage. Now BBMP has issued over 54,000 e-Khatas so far.
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The Stamps and Registration Department has registered a record growth of 26% in its revenues as against Karnataka’s average revenue growth of 11%. The Department is anticipated to meet the targeted profit of ₹ 24,500 crore by the end of this fiscal time.
The number of properties that were not paying tax was estimated to be 20 to 30 lakh in the municipal limits and 90 lakhs under the village panchayat jurisdiction. The minister mentioned that Bengaluru had seven to eight lakh properties that were not paying property taxes.
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