Home Decor News Hubb
Advertisement
  • Home
  • Home Decor
  • Furniture
  • Contact us
No Result
View All Result
  • Home
  • Home Decor
  • Furniture
  • Contact us
No Result
View All Result
Home Decor News Hubb
No Result
View All Result
Home Home Decor

IGR Maharashtra to adopt blockchain technology

admin by admin
October 3, 2022
in Home Decor


IGR Maharashtra is all set for a transformation by adopting the blockchain technology. With the blockchain technology of storing records, district collectorates will can have faster documentation process and also save costs. IGR Maharashtra is responsible for managing records of land, ownership/property lease, registration of sale and purchase, among others.

IGR Maharashtra every year faces several complaints about errors in property registrations, like mistakes in the spellings of names and property description. Even if 20 per cent of the total property deal registrations in a year are to be corrected, it requires a lot of time of the staff,” a senior IGR official said. The blockchain technology is expected to save this time so that the department can focus on its core work of registration and collection of stamp duty, he said.

“The blockchain technology is going to save a lot of time of a district collector, who has to spend significant time in conducting hearings related to errors in documents. There will be no typical or conventional role left for a collector once we completely shift to the blockchain technology-based documentation,” said an IGR Maharashtra official.

An additional collector-rank official said the use of computers has increased the speed of documentation and land title records are now available online, but if some changes are made (unlawfully), it’s is very difficult to find it and take action. “The blockchain technology will keep the record of every document accessed by an official and changes made into it. Thus, it will check malpractices and also help to find out when changes were made and why,” he said.

Currently, there are more than one crore land title documents in Maharashtra. Such documents are frequently used by farmers to get crop loan and for other purposes. Use of blockchain technology will also reduce the concerns of citizens, especially those not very educated and financially weak, about the safety of their land records and minimise tampering of documents, he said.

IGR Maharashtra, which registers sale, purchase or lease of properties, has already started e-registration of newly constructed properties in the state based entirely on blockchain technology and more than 450 developers have opted for this system so far, an IGR official said. IGR Maharashtra is one of the biggest source of revenue for the state with an annual contribution of more than Rs 45,000 crore, he added.  According to IGR Commissioner Shravan Hardikar, 28 lakh to 30 lakh property deals are registered in Maharashtra every year. Out of these, about four lakh comprise newly constructed properties and are registered with IGR Maharashtra.

Like IGR Maharashtra, other sections of the revenue department will also shift to blockchain technology in the coming days, which will transform the functioning of the administration forever, a senior official from the revenue department said.

Was this article useful?

  • 😃 (0)

  • 😐 (0)

  • 😔 (0)





Source link

Previous Post

Genius toy storage: Best storage ideas for kids toys

Next Post

The Window And Door Replacement Guide For Homeowners

Next Post

The Window And Door Replacement Guide For Homeowners

Recommended

Breezy Bird Studio’s contemporary watercolour artist

December 11, 2022

The light bright beautiful interior from Three Birds

October 4, 2022

Don't miss it

Furniture

Home Living Spotted: 2018 Outside Publication Features

April 2, 2023
Furniture

April is Earth Month – Vermont Woods Studios

April 2, 2023
Home Decor

Types Of Garage Floor Coatings

April 2, 2023
Home Decor

GST Number Search Tool for GSTIN Verification in 2023

April 2, 2023
Home Decor

Interior design on a budget: A guide for new homeowners

April 2, 2023
Furniture

Blog – Valentine’s Day Gift Ideas

April 1, 2023

© Home Decor News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Home Decor
  • Furniture
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Home Decor
  • Furniture
  • Contact us

© 2022 Home Decor News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/