STAMP DUTY INCREASE FROM 01-04-2016


1). Stamp duty on agreement sale of movable property increased from 2% to 3% (Not on Immovable property).

2). Stamp duty on gift among family members increased from Rs. 1,000 to 

(i) in BMRDA/BBMP/city corporation area properties: Rs 5,000. 
(ii) city or town municipal council/town panchayat area properties: Rs 3,000.
(iii) properties in area other than the areas specified in items: Rs 1,000 .

3). Reconstruction stamp duty reduced from 5% to 3%. 

2 thoughts on “STAMP DUTY INCREASE FROM 01-04-2016

  1. At venkatapura village(SN.17/1/3/4/5/6/7/8/9/10/11) of dasanapura 3 hobly, bangalore north taluk there is a layout formed in the revenue land without dc conversion. Is this create a problem if we buy. Promoters are telling that it can be registered by 11B at sub register but when I checked at e swathu link there is no 11B provided yet to anyone of the people at Venkatapura village of Sondekoppa gram panchayath.

    If we purchase the site, will it be converted to Sakrama from Akrama..? Land promoters are telling that it will become sakrama and no problem is there to purchase and we will also take care of all the things before investing on this project, no thing to worry. Please suggest me on this

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