From Our Special Correspondent
Daijiworld Media Network - Bangalore

Bangalore, May 2: Karnataka’s  Stamp and Registration Department, the third highest revenue generating department for the State Government, has collected a massive revenue of Rs 4,971.53 crore in 2011-12 against the target of Rs 4,250 crore marking an increase of Rs 721.53 crore.

The revenue collection in 2010-11 was Rs 3,795.26 crore, according to an official press release.

The number of properties registered in 2011-12 stood at 16.38 lakh against 12.02 lakh in 2010-11, an increase of 4.36 per cent, the release said.

The Department will be spending Rs 90 crore to upgrade existing network system in all offices of sub-registrars and district registrars in the State.

Funds would be utilised for purchase of computers and other equipment in offices of sub-registrars.

There are 242 sub-registrar and 34 district registrar offices in the State, the press release said.

The Inspector General of Registration and Commissioner of Stamps V Chandrasekhar said the facility of ''anywhere" registration would be gradually expanded to other sub-registrar offices across the State.

Currently, the facility is being implemented in nine out of the 43 sub-registrar offices in Bangalore on a pilot basis.

Buyers and sellers of immovable properties in the jurisdiction of these offices can register the documents in any of the offices of sub-registrars convenient to them.

For instance, a property located in Nagarbhavi can be registered in Gandhinagar sub-registar office or in Malleswaram and likewise.