Property deals over Rs 30 lakh? Karnataka Sub-registrar to inform income tax department at registration

Karnataka's Stamps and Registration Department directs sub-registrars to collect Specified Financial Transaction statements. This applies to property deals exceeding Rs 30 lakh. The Income Tax Department raised concerns about missing statements. Sub-registrars must gather PAN, address, and transaction details. Registration documents will be withheld for non-compliance. Authorities are considering integrating SSFT submission into the Kaveri-2.0 program.