Regulatory

Karnataka: Over 800 property documents registered on June 1

BENGALURU: The govt’s new weekend property registration initiative kicked off on a promising note with over 800 documents registered across the state on June 1— the first Sunday after the reform was introduced. The initiative, aimed at easing weekday congestion at sub-registrar offices, brought in more than Rs 3 crore in revenue through stamp duty and registration fees on that one day alone. Officials from the department of stamps and registration described the initial response as “decent” and “encouraging”. Some said they are optimistic that participation will increase in coming weeks. “Besides easing weekday rush, the move is aimed at…