KARNATAKA STATE BUDGET AFFECTING PROPERTY TRANSACTIONS


BUDGET PROPOSALS FOR 2014-15 EFFECTIVE FROM 01-03-2014

Stamps and Registration

 

Stamp Duty exemption on subsequent sale deed relating to alternate site allotted by the Bangalore Development Authority, consequent to the denotification of the land.

 

Stamp Duty exemption on instruments executed between concerned persons under the Aerospace Policy 2013-23.

 

Provision for remission and reduction of Stamp

Duty on instruments specified in the Government notification dated: 23-04-2003, with retrospective effect.

 

Reduction in Stamp Duty on Award relating to movable properties from the current 5% to rates ranging from 0.25% to 0.75%, on slab basis.

 

Stamp Duty at uniform reduced rate of 2% on all Joint development agreements and their consequent Powers of Attorney.

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