The government of India is planning a new rule that can make buying a home easier for many people.
Right now, if you buy a property worth more than ₹10 lakh, you must give your PAN card details.
Under the new draft rule, this limit is being increased to ₹20 lakh. So, for deals up to ₹20 lakh, you will not need to give your PAN card details while registering the property.
???? Who Will Benefit?
Small buyers in small towns and cities who buy cheaper homes or plots will get big help.
It will reduce paperwork and stress when registering their property.
???? But remember:
If the deal is ₹20 lakh or more, you still must provide PAN card details like before.
This rule is still a draft proposal and may become official usually from 1 April 2026 if approved.
Let me know if you want this explanation in even simpler words!