Target of Rs 26 thousand crore for Stamp and Registration Department

Bengaluru: The state budget has set the revenue collection target for the stamp and registration department at Rs 26,000 crore for 2024-25, while it is Rs 19,000 crore for 2023-24. Noting that the guidance value for real estate was revised by the government to 2023-24, Chief Minister Siddaramaiah on Friday said revenue of Rs 15,692 crore has been collected in the current financial year till January, registering a growth of 10 per cent. Does.

Sources said the target of Rs 26,000 crore can be achieved in 2024-25 as the guidance value of properties has been increased by 15 per cent and non-registrable duties, which are payable on rental agreements, employees, etc. have also been increased. Apart from the registration of documents like ‘Contracts, Affidavits, Loan Agreements, etc.
Of the amount of Rs 26,000 crore, Rs 19,000-20,000 crore can be raised through registrable fees and the remaining Rs 5,000-6,000 crore through non-registrable fees. The guidance price is supposed to be increased every year, but this was not done since 2019. Sources said it was increased by 15 percent in 2023-24.
However, it is difficult to raise Rs 5,000-6,000 crore from the nominal increase in non-registrable documents, he said.
Allocation for Law Department
In order to provide speedy justice to farmers and economically weaker persons, action has been taken to enact the Code of Civil Procedure (Karnataka Amendment) Act, 2023 and the Karnataka High Court Act to reduce the number of already pending cases and Amendments have also been made to the Karnataka Civil Courts Act. High Court and Civil Court in the State.
Rs 180 crore will be provided for live streaming of court proceedings and upgrading the administration system.
A new court complex will be built in Virajpet with a cost of Rs 12 crore.
The Karnataka Prohibition of Violence against Advocates Bill, 2023 will be enacted.
Journalists who have contributed in the field of social justice will be given an award in the name of veteran journalist late Vaderse Raghuram Shetty.
Rural journalists will be provided free bus pass facility for traveling within the district limits.
Information and Public Relations
To commemorate the centenary of the Belagavi Congress session presided over by Mahatma Gandhi, a special event worth Rs 2 crore will be organized in Belagavi, besides installing signboards at places visited by Gandhiji in the state.