"I propose to reduce stamp duty on first time
The state revenue
The revenue collection target for fiscal 2020-21 is fixed at Rs 12,655 crore.
"As online registration of bank and NBFC (non-banking financial companies) loan documents will be facilitated through national e-Governance Service Ltd, stamp duty can be paid online from the new fiscal," Yediyurappa told the lawmakers in the House.
The Kaveri software of the stamps and registration department will be integrated with the e-Aasthi (property) application of the state urban development department.
"Kaveri-2 software application will be developed in the new fiscal for registering immovable property documents," added the chief minister.