OTP-based property registrations soon in Karnataka
Karnataka has added two more layers of security in property registrations to lift the integrity of property transactions. This initative is probably the first by a state government, officials said. The Department of Stamps and Registration is geared up to roll out the new system based on one time password (OTP) across Karnataka in about two weeks. The department, which only recently unearthed a series of tampering with the property data on its software system, hopes the new OTP system will prevent any attempts at impersonation and forgery of documents. The first layer of security involves seller uploading the scanned property documents including khata certificate, tax receipt and the RTC, where applicable, on the website ahead of registration of transfer of property ownership. Once launched, both buyer and seller in a transaction will receive one-time password (OTP) to authenticate the registration of the deed.
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