Stamp Duty in Bangalore

Karnataka Stamp Act Schedule (updated till 2020)

 

Description of Instruments

 

 

Proper Stamp Duty

1. Acknowledgement of,-

 

    (i)a debt written or signed by or on behalf of, a debtor in order to supply evidence of such debit in any book (other than a Banker’s passbook) or on a separate piece of paper when such book or paper is left in the creditor’s possession and the amount or value of such debt.

 

          (a) exceeds rupees 100 but does not exceed rupees 5,000

 

 

 

Two rupees.

 

 

           (b) when exceeds Rs.5,000

 

Two rupees plus rupees two for every thousands or part thereof (maximum one thousand rupees.)
   (ii) a letter, article, document, parcel, package or consignment of any nature or description whatsoever or by whatever name called, given by a person, courier or company, firm or body of persons whether incorporated or unincorporated to the sender of such letter, article, document, parcel or package or consignment.  

One rupee for every one thousand rupees or part thereof of amount charged.

 

2. Administration Bond, including a bond given under section 6 of the Government Savings Banks Act, 1873(Central Act V of 1873) or Section 289,291,375 or 376 of the Indian Succession Act, 1925(Central Act XXXIX of 1925).
(a)  Where the amount does not exceed Rs.1000 The same duty as Bond (No.12) for such amount.
(b) in any other case One hundred rupees
 

3. Adoption deed, that is to say, any instrument (other than a Will), recording an adoption or conferring or purporting to confer an authority to adopt.

 

 

Five hundred rupees.

Advocate– See Certificate of enrolment as an Advocate (No.17)
 

4. Affidavit

 

 

Twenty rupees.

5. Agreement or (its records or) memorandum of an agreement.
(a)  If relating to the sale of bill of exchange One rupee for every rupees ten thousand or part thereof
(b)  If relating to the purchase or sale of a Government security One rupee for every ten thousand or part thereof  of the value of security at the time of its purchase or sale, as the case may be, subject to a maximum of one thousand.
(c) If relating to the purchase or sale of shares, scrips, stocks, bonds, debentures, debenture stocks or any other marketable security of a like nature in or of any incorporated company or other body corporate.
(i)  When such agreement or memorandum or an agreement is with or through a member or between members of stock Exchange recognized under the Security Contracts (Regulation) Act, 1956 (XLII of 1956) One rupee for every rupees ten thousand or part thereof of the value of the security at the time of purchase or sale as the case may be.
(ii) in any other case One rupee for every rupees ten thousand or part thereof of the value of the security at the time of its purchase or sale, as the case may be.
(d) If relating to a transaction of lease-cum-sale in connection with the allotment of a building site, with or without building thereon, effected by the Bangalore Development Authority constituted under the Bangalore Development Authority Act,1976 (Karnataka Act No.12 of 1976), the City Improvement Trust Board, Mysore, constituted under the City of Mysore Improvement Act, 1903(Mysore Act No.3 of 1903), the Karnataka Housing Board constituted under the Karnataka Housing Board Act, 1962, the Improvement Boards constituted under the Karnataka Improvement Boards Act, 1976, House Building Co-operative Societies registered under the Karnataka Co-operative Societies Act.) 1959 or the allotment of industrial sheds and plots by the Karnataka Industrial Areas Development Board established under the Karnataka Industrial Areas Development Board At, 1966, the Karnataka Small Scale Industrial Investment and Development Corporation, The Karnataka State Industrial Investment and Development Corporation and the Karnataka State Electronics Development Corporation, Registered as a company under the Companies Act,1956, or the allotment of land or site with or without building to the market functionaries in the yard by the Agricultural Produce Marketing (Regulation) Act, 1966, Municipal Corporation constituted under the Karnataka Municipal Corporation Act,1976, Municipal Councils or Town panchayats constituted under the Karnataka Municipalities Act, 1964, Urban Development Authorities constituted under the Karnataka Urban Development Authorities Act, 1987, GramaPanchayats Talku Panchayats and Zilla Panchayats constituted under the Karanataka Panchayat Raj Act, 1993 and such other authorities as may be specified by the Government.

 

 

The same duty as a conveyance (No.20) for market value equal to the security deposit and the amount of average annual rent reserved under such agreement.

(da)  Where any instruments of lease-cum-sale effected by the Bangalore Development Authority constituted under the Bangalore Development Authority Act, 1976, the Karnataka Housing Board constituted under the Karnataka Housing Board Act, 1962 pertaining to premises of a Flat or Apartments. The duty payable shall be as a conveyance [No. 20(2)] for the market value equal to the security deposit and the amount of average annual rent reserved under such agreement.
(e) If relating to sale of immovable property wherein part performance of the contract.
(i)  Possession of the property is delivered or is agreed to be delivered before executing the conveyance. The same duty as a Conveyance (No. 20) on the market value of the property.

Provided that, where a deed of cancellation of earlier agreement is executed by and between the same parties in respect of the same property and if proper stamp duty has been paid on such agreement, then the duty on such ‘deed of cancellation’ shall not exceed five hundred.

(ii)  Possession of the property is not-delivered

Explanation-I: When a reference of a Power Of Attorney granted separately by the seller to the purchaser in respect of the property which is the subject matter of such agreement is made in the agreement, then the possession of the property is deemed to have been delivered for the purpose of this clause.

Ten paise for every one hundred rupees or part thereof on the market value equal to the amount of consideration subject to a maximum of rupees twenty thousand but not less than rupees five hundred.
Explanation-II: For the purpose of clause (e) and the clause(h) where subsequently conveyance or mortgage as the case may be, is executed between the same parties in pursuance of such agreement or its records or memorandum, the stamp duty, if any, already paid and recovered on the agreement or its record or memorandum shall be adjusted towards the total duty leviable on the conveyance or mortgage as the case may be. Provided that the duty paid on power of attorney under Article 41(e) or 41 (eb), as the case may be, is adjustable towards the duty payable on agreement for sale under Article 5(e) or instrument of sale or transfer as the case may be, executed between the same parties and in respect of the same property.
 

11. Award, that is to say, any decision in writing by an arbitrator or umpire, not being an award directing a partition, on a reference made otherwise than by an order of the Court in the course of a suit.

 

 

 

The same duty as a conveyance under Article 20(1) on the amount or market value of the property (which is the subject-matter of award), whichever is higher.

 

12. Bond

(a) where the amount or value secure does not exceed Rs.1, 000.

 

 

 

Fifty paise for every one hundred rupees or part thereof.

 

        (b) where it exceeds Rs.1, 000.

 

The same duty as under clause (a) for the first one thousand rupees and for every five hundred rupees or part thereof in excess of one One thousand rupees. (Two Rupees and Fifty Paise)

 

13. Bottomry Bond , that is to say, any instrument where by the master of a seagoing ship borrows money on the security of the ship to enable him to preserve the ship or prosecute the voyage The same duty as a Bond (No.12) for such amount
 

14. Cancellation – Instruments of

 

 

One thousand rupees.

 

21. Copy of extract

       (i) if the original was not chargeable with duty, or if the duty with which it was chargeable does not exceed five rupees.

 

(ii) in any other case.

 

 

Five rupees.

 

 

 

Ten rupees.

 

22. Counterpart or Duplicate- of, any instruments, chargeable with duty and in respect of which the proper duty has been paid –

(a) if the duty with which the original instrument is chargeable does not exceed five hundred rupees.

 

(b) in any other case.

 

 

 

 

The same duty as payable on the original.

 

 

 

Five hundred rupees.

 

23. Customs Bond or excise bond

(a) where the amount does not exceed Rs. 1,000

 

(b) in any other case

 

The same duty as Bond (No. 12) for such amount

 

One Hundred Rupees

24. Delivery order in respect of goods

That is to say, any instrument entitling any person, therein named, or his assignee or the holder thereof to the delivery of any goods are stored or deposited on rent or hire or upon any wharf, such instrument  being signed by or on behalf of the owner of such goods upon the sale or transfer of the property thereof

 

Deposit of Title Deeds – See Agreement relating to Deposit of Title deeds, Pawn or pledge (No.6)

 

Dissolution of Partnership – See Partnerdship (No.40)

 

(Exemption: Goods imported which are exempted from levy of customs duty by the Government of India)

One rupee for every one thousand rupees or part thereof on the value of such goods
 

25. Divorce-Instrument of

Any instrument by which any person effects the dissolution of his marriage.

 

Dower – Instrument of – See Settlement (No.48)

 

Duplicate – See Counterpart (No.22)

 

One hundred rupees.

 

26.Exchange of property– Instrument of

 

The same duty as a Conveyance for a market value equal to the market value of the property of greatest value which is the subject matter of exchange.

 

27. Further charge,—Instrument of—

that is to say, any instrument

imposing a further charge on

mortgaged property-

(a)    when the original mortgage is one

of the description referred to in

clause (a) of Article No.34 (that is,

with possession).

(b)    when such mortgage is one

of the description referred to in

clause (b) of Article No. 34 (that is,

without possession) –

(i)  if at the time of execution of the

instrument of further charge,

possession of the property is given

or agreed to be given under such

instrument;

 

(ii) if possession is not given and

not being a hypothecation.

 

 

 

 

(iii) for hypothecation

 

The same duty as a Conveyance (No. 20) for a market value equal  to the amount of the further

charge secured by such  instrument.

The same duty as a Conveyance  (No.20) for a market value equal to  the total amount of the charge  (including the original mortgage

and any further charge already  made) less the duty already paid  on such original mortgage and

further charge

 

 

 

 

 

Fifty paise for every one  hundred rupees for the amount of  the further charge secured by such

instrument,

 

 

Same duty as sub-clause (d) of  Article (No. 34) for the amount of  the further charge secured by such

instrument.]

 

28. Gift-Instrument of

       (a) where the donee is not a family member of the donor.

 

 

 

The same duty as a Conveyance for a market value equal to the market value of the property  which is the subject matter of gift:

(b) where the donee is a member of the family of the donor.

 

Explanation:

Family in relation to the donor for

this purpose means father,  mother, husband, wife, son,  daughter, daughter-in-law,  brothers, sisters and grand  children

 

(i)  If the property is situated  within the limits of

Bangalore Metropolitan  Regional Development

Authority or Bruhat  Bangalore Mahanagar

Palike or City Corporation…

..……Rupees five thousand;

 

(ii) If the property is situated  within the limits of City or Town Municipal Council or  Town Panchayat area……..

….Rupees three thousand;

 

(iii) If the property is situated within the limits other than  the limits specified in items

(i) and (ii)……

………Rupees one thousand;

 

Provided that, if the property is situated in any

of the combinations of limits, mentioned in items

(i), (ii) and (iii) above the duty payable shall be the

maximum of the duties specified in items (i), (ii) and (iii) above.]

29. Indemnity Bond- 

Inspectorship Deed –See Composition Deed (No. 19)

 

The same duty as a Security Bond  (No.47) for the same amount

 

30.

[Lease of immoveable property]-

Lease of immoveable property including an under- lease or sublease and any agreement to let or sub-let where by such lease, the rent is fixed, or fine or premium or money advanced or security

deposit (as the case may be) is paid  or delivered.-

 

 

 

 

 

 

 

 

 

[(i)  where the lease purports to be for a

term not exceeding one year in  case of residential property

 

 

 

(ii)  where the lease purports to be for a

term not exceeding one year in

case of commercial or industrial

property

 

 

(iii)  where the lease purports to be for a term exceeding one year and not  exceeding ten years

 

 

(iv)  where the lease purports to be for a

term exceeding ten years and not

exceeding twenty years

 

 

(v)  where the lease purports to be for a

term exceeding twenty years and

not exceeding thirty years

 

fifty paise for every one hundred  rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, subject to a maximum of rupees five hundred

 

fifty paise for every one hundred

rupees or part thereof on the total

amount or value of; the average

annual rent, premium, fine and

money advanced,

 

 

one rupee for every one hundred  rupees or part thereof on the total  amount or value of; the average

annual rent, premium, fine and money advanced

 

two rupees for every one hundred rupees or part thereof on the total amount or value of; the average

annual rent, premium, fine and money advanced

 

 

three rupees for every one hundred rupees or part thereof on the total amount or value of; the

average annual rent, premium, fine and money advanced

 

(vi)  where the lease purports to be for a

term exceeding thirty years or in

perpetuity or does not purport to

be for any definite term

 

[(2)    Lease of moveable property

including an under lease or

sublease and any agreement to let

or sub let.-

(a) where by such lease the rent is

fixed and no premium is paid or

delivered.-

(i) where the lease purports to be

for a term not exceeding ten years

One rupee for every hundred

rupees or part thereof on the

average annual rent reserved,

subject to a maximum of rupees

two lakhs.

(ii) where the lease purports to

be for a term exceeding ten years

One rupee and fifty paise for every

hundred rupees or part thereof on

the average annual rent reserved,

subject to a maximum of rupees

two lakhs.

(b)  where the lease is granted for a fine

or premium or for money advanced

and where no rent is reserved.

One rupee and fifty paise for every

hundred or part thereof on the

amount of such fine or premium or

advance as set forth in the lease,

subject to a maximum of rupees

two lakhs.]

(c)  where the lease is granted for a fine

or premium or for money advanced

in addition to rent reserved

One rupee and fifty paise for every

hundred rupees or part thereof on

the amount of such fine or

premium or advance as set forth in

the lease in addition to the duty

which would have been payable on

such lease, if no fine or premium

or advance had been paid or

delivered, subject to a maximum of

rupees two lakhs:

7

[Provided that in respect of lease

of industrial machinery the

maximum duty chargeable shall be

rupees ten thousand.]

8

[Provided further that] in any case

when an agreement to lease is

stamped with ad valoremstamp

required for a lease and a lease in

pursuance of such agreement is

subsequently executed, the duty

on such lease shall not exceed

rupees fifteen.]

9

[3    Notwithstanding anything

contained in clause (1) and (2)

above, in respect of.-

(a)  Mine Development and Production

Agreement (MDPA) and or Mining

Lease granted through auctions:-

(i)  where the lease purports to be

for a term exceeding one year

and not exceeding ten years.

One rupee for every one hundred

rupees or part thereof on the total

amount or value of; the average

annual royalty and average annual

payment based on the final price

offer obtained in the auction

calculated on the estimated

average annual production as per

the approved mining plan.

(ii)  where the lease purports to be

for a term exceeding ten years

and not exceeding twenty years.

Two rupees for every one hundred

rupees or part thereof on the total

amount or value of; the average

annual royalty and average annual

payment based on the final price

offer obtained in the auction

calculated on the estimated

average annual production as per

the approved mining plan.

(iii)  where the lease purports to be

for a term exceeding twenty

years and not exceeding thirty

years.

Three rupees for every one

hundred rupees or part thereof on

the total amount or value of; the

average annual royalty and

average annual payment based on

the final price offer obtained in the

auction calculated on the

estimated average annual

production as per the approved

mining plan.

(iv)  where the lease purports to be

for a term exceeding thirty

years or in perpetuity or does

not purport to be for any

definite term.

Five rupees for every one hundred

rupees or part thereof on the total

amount or value of; four times the

average annual royalty and four

times the average annual payment

based on the final price offer

obtained in the auction calculated

on the estimated average annual

production as per the approved

mining plan.

Provided that in any case when Mine

Development And Production

Agreement (MDPA) is duly stamped

with the ad valorem stamp required

for MDPA as well as for a mining lease

and a mining lease in pursuance of

such Mine Development And

Production Agreement is

subsequently executed, the duty on

such mining lease shall not exceed

rupees fifty:

(b)  Mine Development and

Production Agreement (MDPA)

and or Mining Lease granted

other than by auctions.

(i)  where the lease purports to

be for a term exceeding one

year and not exceeding ten

years.

One rupee for every one hundred

rupees or part thereof on the total

amount or value of; the average

annual royalty and average annual

payment as share of value of

mineral calculated on the

estimated average annual

production as per the approved

mining plan, premium, money

advanced, security deposit and

fine.

(jj)  where the lease purports to be

for a term exceeding ten years

and not exceeding twenty years.

Two rupees for every one hundred

rupees or part thereof on the total

amount or value of; the average

annual royalty and average annual

payment as share of value of

mineral calculated on the

estimated average annual

production as per the approved

mining plan, premium, money

advanced, security deposit and

fine.

(iii) where the lease purports to be

for a term exceeding twenty

years and not exceeding thirty

years.

Three rupees for every one

hundred rupees or part thereof on

the total amount or value of; the

average annual royalty and

average annual payment as share

of value of mineral calculated on

the estimated average annual

production as per the approved

mining plan, premium, money

advanced, security deposit and

fine.

(iv)  where the lease purports to be

for a term exceeding thirty

years or in perpetuity or does

not purport to be for any

definite term.

Five rupees for every one hundred

rupees or part thereof on the total

amount or value of; four times the

average annual royalty and four

times the average annual payment

as share of value of mineral

calculated on the estimated

average annual production as per

the approved mining plan,

premium, money advanced,

security deposit and fine; or on the

value of Estimated Resources

whichever is higher:

Provided that in any case when Mine

Development And Production

Agreement (MDPA) is duly stamped

with the ad valorem stamp required

for MDPA as well as for mining lease

and a mining lease in pursuance of

such Mine Development And

Production Agreement is

subsequently executed, the duty on

such mining lease shall not exceed

rupees fifty:

Explanation: (1) The term “ money

advanced and security deposit” in

this article means and includes the

money advanced and security

deposit including performance

guarantee whether refundable or

adjustable towards any other

payments.

(2) “value of estimated resources”

shall have the same meaning as

that in the Minerals (Other than

Atomic and Hydro Carbons Energy

Minerals) Concession Rules, 2016.]

 

The same duty as conveyance under article 20 (1) on the total or value of , average annual rent, fine, premium and money advanced or the market value of the property whichever is higher

(2) Lease of moveable property including an under lease or  sublease and any agreement to let

or sub let.-

 

 

 

(a) where by such lease the rent is fixed and no premium is paid or delivered.-

 

(i) where the lease purports to be for a term not exceeding ten years

 

(ii) where the lease purports tobe for a term exceeding ten years

 

 

(b)  where the lease is granted for a fine or premium or for money advanced and where no rent is reserved

 

 

(c)  where the lease is granted for a fine

or premium or for money advanced

in addition to rent reserved

One rupee for every hundred rupees or part thereof on the average annual rent reserved, subject to a maximum of rupees two lakhs.

 

One rupee and fifty paise for every hundred rupees or part thereof on the average annual rent reserved,

subject to a maximum of rupees two lakhs.

 

 

 

One rupee and fifty paise for every hundred or part thereof on the amount of such fine or premium or

advance as set forth in the lease, subject to a maximum of rupees two lakhs.]

 

One rupee and fifty paise for every hundred rupees or part thereof on the amount of such fine or premium or advance as set forth in the lease in addition to the duty which would have been payable on such lease, if no fine or premium or advance had been paid or delivered, subject to a maximum of  rupees two lakhs:

 

 

 

32. Letter of licence

 

One hundred rupees.

32-A      Licence of immovable or

moveable property.-

That is to say licence granted by owner or authority for rent or fee or by whatever name it is called and money advanced or security deposit or for carrying on  manufacture, trade, business or profession.

 

(i)  where the license purports to be for

a term not exceeding one year in case of residential property

 

 

 

 

 

 

 

 

 

 

fifty paise for every one hundred rupees or part thereof on the total

amount or value of; the average annual rent, premium, fine and money advanced, subject to a

maximum of rupees five hundred

 

 

(ii)  where the license purports to be for a term not exceeding one year in case of commercial or industrial property

 

 

 

(iii)  where the license purports to be for

a term exceeding one year and not

exceeding ten years

 

fifty paise for every one hundred rupees or part thereof on the total

amount or value of; the average annual rent, premium, fine and money advanced, [subject to a minimum of rupees fifty]

 

one rupee for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and

money advanced, [subject to a

minimum of rupees one hundred]

 

 (iv)  where the license purports to be for

a term exceeding ten years and not

exceeding twenty years

 

two rupees for every one hundred

rupees or part thereof on the total

amount or value of; the average

annual rent, premium, fine and

money advanced,

subject to a

minimum of rupees two hundred

(v)   where the license purports to be  three rupees for every one

for a term exceeding twenty years

and not exceeding thirty years

hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced subject to a

minimum of rupees three hundred.

33     Memorandum of Association of a

company,—

(a)    if accompanied by Articles of

Association under Section 26 of the

Companies Act, 1956 (Central Act 1

of 1956)

(b)    if not so accompanied

 

[One thousand rupees]

 

 

 

 

The same duty as under Article (No. 10) according to the share capital of the company.

34. 34.     Mortgage deed, not being an

agreement relating to [Deposit of

title deeds, [pawn or pledge] (No.6)], Bottomry Bond (No. 13), Mortgage of a Crop (No. 35),

Respondentia Bond (No. 46), or Security Bond (No. 47)

 

(a)       When possession of the property or any part of the property comprised in such deed is given by the mortgagor or agreed to be given.

(b)       When possession is not given or agreed to be given as aforesaid and not being a hypothecation;

 

 

 

 

 

 

 

 

The same duty as Conveyance (No.

20(1)) for a market value equal to

the amount secured by such deed.

 

Fifty paise for every hundred rupees or part thereof for the             amount secured by such deed]

(c)    When a collateral or auxiliary or

additional or substituted security, or

by way of further assurance for the

above mentioned purpose, where

the principal or primary security is

duly stamped.-

 

(i)   for every sum secured not

exceeding Rs. 1,000.

 

(ii) for every Rs. 1,000 or part thereof,

secured in excess of Rs.1,000.

 

 

(d)    for hypothecation of movable

property,-

If the loan or debt is repayable on

demand

(i)  where the loan amount does not

exceeds rupees ten lakhs

 

(ii)  where the loan amount exceeds rupees ten lakhs

 

 

 

 

 

 

 

 

[Ten rupees]

 

 

[Ten rupees plus one rupee for

every rupees one thousand or part

thereof in excess of rupees one

thousand.]

 

 

 

 

Rupees ten for every rupees ten thousands or part thereof

 

Rupees twenty for every rupees

ten thousands or part thereof, subject to a maximum of rupees ten lakhs.

 

36. Notarial Act

 

Ten rupees.

Partition-Instrument – of, as defined by clause (k) of sub-section

(1) of Section 2.-

(a)    where the property involved in the

partition is converted for non-agricultural purpose or is meant for non agricultural use.

 

(1)  If the property is situated in the

jurisdiction of Municipal Corporation or Urban Development Authorities or Municipal Councils or

Town Panchayats.

 

(2)  If the property is situated in the

areas other than those mentioned

in sub-clause (1) above.

 

(b)   where the property involved in

the partition is agricultural land

 

(c)   where the property involved in

the partition is moveable or money

 

(d)    where the property involved in the

partition belongs to any of the

combinations of categories

mentioned in sub-clauses (a), (b)

and (c) above.

 

 

 

 

 

Rupees one thousand for each

share.

 

 

Rupees five hundred for each

share.

 

 

Rupees two hundred and fifty for

each share

 

 

Rupees two hundred and fifty for

each share

 

 

 

 

Maximum of the duties described

in sub-clause (a), (b) or (c) above

for each share:]

 

 

40.Partnership

      A. Instrument of

(a) where the Capital of the partnership does not exceed rupees fifty thousand.

 

 

 

Five hundred rupees.

 

           (b) in any other case

 

Two thousand rupees.

 

 B. Reconstitution-

(a) where immoveable property contributed as share by a partner or partners remains with the firm at the time of outgoing in whatever manner by

such partner or partners on reconstitution of such partnership firm

 

The same duty as a Conveyance for a market value equal to the market value of the immovable property remaining with the firm.

 

 

        (b) in any other case.

 

One thousand rupees.

 

  C. Dissolution of –

(a) where the property which belonged to one partner or partners when the partnership commenced is distributed or allotted or given to another partner or partners.

 

 

 

The same duty as a Conveyance for a market value equal to the market value of the property distributed or allotted or given to partner or partners under the instrument of dissolution, in addition to the duty which would have been chargeable on such dissolution if such property had not been distributed or allotted or given.

 

        (b) in any other case

 

One thousand rupees.
[40-A      Limited Liability Partnership. –A   Constitution of Limited Liability

Partnership, or conversion of firm/

private company/unlisted public

limited company into limited

liability partnership.-

 

(a)  where the capital does not exceed

rupees ten lakhs

 

(b) where the capital exceeds rupees

ten lakhs; for every rupees five lakh

or part thereof exceeding rupees

ten lakhs

 

 

B    Reconstruction or amalgamation of

Limited Liability Partnership

 

 

 

 

 

 

 

 

 

Rupees one thousand

 

[Rupees one thousand plus

rupees five hundred for every

rupees five lakhs or part thereof,

exceeding rupees ten lakhs capital

amount, subject to a maximum of

rupees ten lakhs]

[Three percent] on the

consideration or market value of

the property whichever is higher of

the transferor limited liability

partnership located within the

State of Karnataka.]

 

41.Power of Attorney

         (a) when executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one or more such documents;

 

 

One hundred rupees.

 

 

 

 

         (b) when authorizing one person or more to act in a single transaction other than the case mentioned in clause (a); One hundred rupees.

 

 

         (c) when authorizing not more than five

person to act jointly and severally in more than one transaction or generally;

One hundred rupees.

 

 

         (d) when authorizing more than five but not more than ten persons to act jointly and severally in more than one transaction or generally; Two hundred rupees.

 

 

           (e) when given for consideration and or when coupled with interest and authorizing the attorney to sell any immovable property;

 

 

The same duty as a Conveyance under Article 20(1) on consideration or on market value of the property (which is the subject-matter of such power-of-attorney), whichever is higher.

 

          (ea) when given for construction /

development or sale of an immovable property , include a multi-unit house or building or unit of apartment or flat or portion of a multi-storied building to a person having a stipulation that after  construction or development, such property shall be held jointly or severally by person and the owner or

lessee, as the case may be , of such property, or that it shall be sold  jointly or severally by them or  that a part of it shall be held jointly or severally by them and the remaining part thereof shall be sold jointly or severally by them.

 

One rupee for every one hundred rupees or part thereof on the market value of the property, or the estimated cost of construction or proposed construction or development or proposed development of the property, as the case may be, (which is the subject-matter of such transfer under the power-of-attorney in accordance with the

provisions of section 28 of the Karnataka Stamp Act, 1957), or the consideration for such transfer whichever is higher.

 

 

 

            (eb) when given to person other than the father, mother, wife or husband, sons, daughters, brothers, sisters, in relation to the executant authorizing such person to sell immovable property situated in Karnataka state.

 

 

 

Seven rupees and fifty paise for every one hundred rupees or part thereof on the market value of the property which is the subject matter of Power of Attorney: Provided that the duty paid on such instrument is adjustable towards the duty payable on the instrument of sale or transfer executed

subsequently in favour of either the attorney holder or any other person.

 

 

(f) when executed by a principal or client for the sole purpose of authorizing the agent or broker to carry out all lawful acts and deeds relating to his/her trading operations including sale/purchase of marketable securities, transfer of securities towards stock exchange, receiving/releasing funds and securities from/to other parties on behalf of the principal or client.

 

 

 

Fifty rupees.

 

 

 

 

 

 

 

 

 

             (g) when executed by a principal or client for the sole purpose of authorizing the depository participant to carry out all lawful acts and deeds relating to his/her demat account as per the bye-laws of the depositories/regulations governing such operations.  

Fifty rupee.

 

 

 

 

 

(h) in any other case.

 

 

Two hundred rupees.

 

 

45   Release, that is to say, any

instrument (not being such a

release as is provided for by Section

24), whereby a person renounces a

claim upon another person or

against any specified property.-

(a)   where the release is not between

the family members

 

(b)    Where the release is between the

family members

 

Explanation. – Family in relation to a person for the purpose of clause (b) means husband, wife, son,

daughter, father, mother, brother, wife / children of predeceased brother sister, husband/ children of predeceased sister, wife of a predeceased son and

children of a predeceased son or

predeceased daughter.

The same duty as a Conveyance [under Article No.20(1)] on the market value of the property or on

the amount or value of claim or part of claim renounced, as the case may be (which is the subject

matter of Release) or Consideration for such release, whichever is higher.]

 

 

(i)   If the property is situated within the limits of

Bangalore Metropolitan Regional Development

Authority or Bruhat Bangalore Mahanagara

Palike or City Corporation…

..……Rupees five thousand;

 

(ii) If the property is situated within the limits of City or Town Municipal Council or

Town Panchayat area……..

….Rupees three thousand;

 

(iii) If the property is situated within the limits other than the limits specified in items (i) and (ii)……

………Rupees one thousand

 

48.Settlement

      A. Instrument of (including a deed of dower)

(i) where the disposition is not for the purpose of distributing the property of the settler among his family.

 

 

 

 

 

 

 

 

 

The same duty as a Conveyance for a market value equal to the market value of the property, which is the subject-matter of settlement:  Provided that where an agreement to settle is stamped with the stamp duty required for an instrument of settlement, and an instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not exceed rupees fifty.

             (ii) where the disposition is for the purpose of distributing the property of the settler among his family.

 

 

Rupees one thousand.

 

 

       B. Revocation of  

The same duty as a Conveyance for a sum equal to amount or value of the property concerned in the instrument of revocation, but not exceeding two hundred rupees.

51.Surrender of lease –

         (a) when the duty with which the lease is changeable does not exceed twenty-two rupees and fifty paise;

 

 

(b) in any other case.

 

 

The duty with which such lease is chargeable.

 

 

 

One hundred rupees.

 

 

52.Transfer-(Whether with or without consideration)-

(a) of debentures, being marketable securities, whether the debenture is liable to duty or not.

 

 

 

 

 

Fifty paise for every rupees one hundred or part thereof subject to a maximum of one thousand rupees for a consideration equal to the face value of the debenture.

        (b) of any interest secured by bond, mortgage deed or policy of insurance-

 

(i) if the duty on such bond, mortgage – deed or policy does not exceed twenty two rupees and fifty paise;

 

(ii) in any other case;

 

 

 

 

i.            The duty with which such bond, mortgage deed; or policy of insurance is chargeable.

 

 

ii.            One hundred rupees.

 

           (c) of any property under section 25 of the Administrator Generals Act, 1963;

 

One hundred rupees.

 

 

           (d) of any trust property from the trustee to another trustee or from a trustee to beneficiary, or from trustee to trust or trustee or beneficiary, as the case may be.

 

The same duty as a conveyance [under Art.20 (1)] on the market value of the property (which is the subject matter of such transfer or consideration for such transfer, whichever is higher.

Provided that for the public religious and charitable trusts, the duty for such transfer shall be rupees one thousand.

 

53. Transfer of lease, by way of assignment, and not by way of under-lease.

 

(a)    Where the remaining period of lease does not exceed 30 years

 

(b)   Where the remaining period of lease exceeds 30 years

 

 

 

 

 

The same duty as Conveyance for a market value equal to the amount of consideration

 

The same duty as Conveyance for a market value of the property which is the subject matter of money transfer

 

54.Trust

      Declaration of, or concerning, any property when made by any writing not being a will.-

i) When the Trust is made exclusively for public religious and charitable purposes.

ii) When the trust is made for the management and custody of properties, for the purpose of distributing the benefits/profits of the property to the beneficiaries and where there is no transfer/disposition of property, in any way.

iii) When the trust made involves the transfer/disposition of property in any way.

 

 

 

 

 

 

 

i.            One Thousand Rupees.

 

 

ii.            One Thousand Rupees.

 

 

iii.            The same duty as conveyance [u/Art. No.20 (1)] on the amount and the market value of the property, which is the subject matter of such transfer/disposition.

55. Warrant of Goods, that is to say, any instrument evidencing the title of any person therein named or his assigns, or the holder thereof, to the property in any goods laying in or upon any dock, warehouse or wharf, such instrument being signed or certified by or on behalf of the person in whose custody such goods may be Fifty Rupees
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