<p>Buoyed by the success of a 10% discount in the guidance value of properties, Revenue Minister R Ashoka said on Friday that the government is mulling extending the facility for three more months.</p>.<p>Guidance value for registration of properties was slashed by 10% for a three-month period from January 1 to March 31, in a bid to boost revenue generation of the Stamps and Registration Department.</p>.<p>“There is a demand even today to extend the 10% reduction in guidance value which ended March 31 by three months,” Ashoka said.</p>.<p>Guidance values were slashed with an objective to help people and there was a good response across the state. “We were able to generate Rs 1,300 crore more than the target of Rs 12,000 crore set for the (Stamps and Registration) Department,” Ashoka said.</p>.<p>The government is taking the proposal in good spirit. “I will talk to Chief Minister Basavaraj Bommai and take a call on reducing guidance value for an additional three months,” he said, adding that the department will issue an order as soon as possible.</p>.<p>In the 2021-22 budget, Karnataka had set a target of Rs 12,665 crore for the Stamps and Registration Department. For 2022-23, the target set is Rs 15,000 crore.</p>.<p><strong>Watch latest videos by DH here:</strong></p>
<p>Buoyed by the success of a 10% discount in the guidance value of properties, Revenue Minister R Ashoka said on Friday that the government is mulling extending the facility for three more months.</p>.<p>Guidance value for registration of properties was slashed by 10% for a three-month period from January 1 to March 31, in a bid to boost revenue generation of the Stamps and Registration Department.</p>.<p>“There is a demand even today to extend the 10% reduction in guidance value which ended March 31 by three months,” Ashoka said.</p>.<p>Guidance values were slashed with an objective to help people and there was a good response across the state. “We were able to generate Rs 1,300 crore more than the target of Rs 12,000 crore set for the (Stamps and Registration) Department,” Ashoka said.</p>.<p>The government is taking the proposal in good spirit. “I will talk to Chief Minister Basavaraj Bommai and take a call on reducing guidance value for an additional three months,” he said, adding that the department will issue an order as soon as possible.</p>.<p>In the 2021-22 budget, Karnataka had set a target of Rs 12,665 crore for the Stamps and Registration Department. For 2022-23, the target set is Rs 15,000 crore.</p>.<p><strong>Watch latest videos by DH here:</strong></p>
