Karnataka nets Rs. 311 crore in a day from property registrations
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On Wednesday, the Karnataka Stamps and Registration Department reached an impressive milestone, registering over 26,058 documents and collecting a whopping Rs. 311 crore in revenue. This marks the highest single-day revenue collection in the department's history. The surge in property registrations comes just before the state government's announcement that guidance values for property may increase by 20-30% starting October 1. In densely populated IT corridors, the guidance value could even rise by up to 50%.