‘Collected 15 k Cr in Additional Tax from Stamp registration’, Says Karnataka Revenue Minister

Karnataka's Revenue Minister reported that the state had collected Rs. 15,000 crore in additional taxes from stamp registration during the current fiscal year. This collection reflects a robust performance in property transactions, bolstered by increased real estate activity and higher stamp duty receipts. The state’s revenue generation from this sector demonstrates its effective policy measures in improving tax collection systems. The Minister also highlighted that this increase in revenue contributes to the state’s economic growth and will be utilized for infrastructure development and welfare schemes. The strong performance is expected to continue with ongoing economic activities.