Tag Archives: Karnataka Budget

The Karnataka Budget Proposal to scientifically determine the guidance value using GIS (Geographic Information System) could be a major relief for many property owners. After the guidance value revision in October 2023, thousands of properties have been overvalued compared to actual market rates, making it difficult for both buyers and …

In the previous article (read here https://simplifiedlaws.com/economy/karnataka-budget-2022/), we have seen that the Government of Karnataka is estimated to spend Rs.2,61,977 Crores, of which, Rs.1,89,977 Crores comes from Revenue sources and the balance of Rs.72,000 comes from loans/borrowings. On what does the Government spend the money? For our easy understanding, let us …