Karnataka enforces strict new rules for property registrations above ₹30 lakh

The Karnataka government has quietly enforced new rules for real estate transactions above ₹30 lakh, aimed at tightening surveillance on black money and benami property deals. Under the revised norms, buyers and sellers must now submit a comprehensive self-declaration form during registration at the sub-registrar’s office.

The mandatory document includes the PAN number, Aadhaar number, address, father's name, and transaction details such as type (sale, gift, inheritance), amount, and whether the property is within city limits. These details must be scanned and uploaded into the Cauvery-2 registration software, along with the property documents.

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A circular issued by Inspector General of Registration and Commissioner of Stamps K.A. Dayanand on May 16 instructed all district registrars to ensure strict compliance. Failure to provide these details will result in denial of property registration.

The Registration and Stamps Department will submit this data annually to the Income Tax Department via Form 61A. No extra fee will be charged for scanning or uploading these documents.

Though the rule existed earlier, enforcement was lax and often compromised by inaccurate or false information. The updated directive aims to improve compliance and transparency, making it easier for authorities to trace unaccounted transactions and detect benami holdings.

Authorities have warned that non-compliance could lead to cancellation of registrations, signaling a decisive crackdown on dubious property transactions across Karnataka.