Bengaluru:More than eleven months after the BJP government in Karnataka passed the Land Reforms (Amendment) Act that liberalised farmland ownership despite opposition, there is an increase in the purchase of agricultural land in the state. The act facilitated the easy purchase of agricultural land and enabled non-agricultural people to buy agricultural land. The government had amended the Land Improvement Act by relaxing the rule for the sale of agricultural land, thereby removing the income threshold for farmland.
Significant increase in farmland turnover
The purchase and sale of agricultural land in the state have increased during the past seven months. There has been a significant increase in turnover since the passage of the new Amendment Act. With the increase in farmland registration, government revenues are also on the rise.
According to an internal report of the Revenue Department, agricultural land sales and purchases have increased. According to the report, about 67% of agricultural land transactions have gone up. There was less registration before the Land Reform Amendment Act came into effect. But after the passage of the Act, the stamp and registration fees have gone up by about 127%, Revenue officials said. Despite a lockdown in May and June, farmland registrations have risen. There has been a significant increase in revenue collection for the past seven months. The increase in farmland registration has resulted in a recovery in revenue collection, officials added.