Karnataka is about to introduce Cauvery 2.0 software to all sub-registration offices in the state to ensure hassle-free property registration. Speaking to reporters, Karnataka Revenue Minister R Ashoka said the new software is already being tested as a pilot project at the Deputy Registrar’s office at Chincholi in Kalaburagi district and will be rolled out across the country. State from November 1, The Times Of India reported.
The software aims to reduce the need to visit the office of the sub-registrar during the various phases of the property registration process. With Cauvery 2.0, people will be able to upload property documents to register and pay stamp duty and other applicable fees online.
After that, they can book their appointment at the Sub Registrar’s office online and visit it to submit biometric details.
“Once they visit the office, the registration process will be completed within 5-10 minutes,” the Karnataka minister said before adding that Cauvery 2.0 has been equipped with the ability to automatically calculate fees to be paid by property buyers depending on the details of the property and the region.
After successful registration, ownership documents will be sent to buyers’ Digi-Lockers apart from regular updates via their mobile phones
R Ashoka claimed that the updated software will fix the issues present in the system. He added that the state government will soon set up agencies to verify the authenticity of ownership documents in all taluka. The step is intended to protect homebuyers from being scammed.
Agencies will also report legal cases and offer buyers legal help, if needed, and lower fees.
Giving relief to property buyers in the capital of Karnataka, Bengaluru, R Ashoka said the government will continue to offer a 10% discount on the indicative value of properties for the next three months. An order regarding the same will be issued the same. He said the discount has so far led to an increase in real estate transactions and the state has collected more than Rs 6,700 crore from stamp duties and other fees so far. The collection exceeds the target of Rs 5,647 crore.
The state government of Karnataka aims to collect more than Rs 14,000 crore from duty and registration this year.
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