Saturday, April 21, 2018

LEVY OF STAMP DUTY AND REGISTRATION FEE ON SOME IMPORTANT DOCUMENTS : GOVERNMENT OF KARNATAKA


Levy of Stamp Duty and Registration Fee on Some Important Documents



Description of document
Stamp Duty Article No.
Amount in Rupees
Regn Fee Article No.
Amount in Rupees
1
Adoption Deed
3
Rs.500/-
V
Rs.200/-
2
Affidavit
4
Rs.20/-
-
-
3
Agreement relating to sale of immovable  property





(i)   with possession
5(e)(i)
@ 5% on market value of the property
I-Note 7(b)
1%

(ii)                without possession
5(e)(ii)
@ 0.1% on consideration amount, Min.Rs.500/-,                     Max. Rs. 20,000/-
I-Note 7(a)
Rs.200/-

(iii)  Joint Development Agreement
5(f)
@2%
III(a)(i)
1%

(iv) Sale of movable property-





(a)   possession of property delivered)
5(g)(i)
@3%



(b)  possession of property not delivered)
5(g)(ii)
0.1%, Min Rs.500/- Max Rs.20,000/-



(v)   Chit Agreement
5(i-e)




(i)     Where the chit value <=lakh
5(i-e)(i)
Rs.100/-



(ii)   Where the chit value is > one lakh
5(i-e)(ii)
Rs.100/- + Rs.50/- for every Rs.1 lakh or part thereof exceeding   Rs.1 lakh



(vi) If not otherwise provided for
5(j)
Rs.200/-
IV
Rs.200/-


4
Agreement relating to (1) D.T.D.
6




(i)  where the loan amount is =< Rs. 10 lakhs
6(1))(i)
@0.1%, min. Rs.500/-
I-Note(1-a)(iii)
0.1%,                  Min Rs.100/- max.Rs.25,000/-

(ii)   where the loan amount is > Rs. 10 lakhs
6(1)(ii)
@0.2%,                            max. Rs. 10 lakhs.
I-Note(1-a)(iii)
0.1% max.Rs.25,000/-

(2) Pawn or pledge





(i)  where loan amount is >Rs.1 lakh <Rs.10 lakh
6(2))(i)
@0.1%



(ii)where loan is > Rs.10 lakhs
6(2)(ii)
@0.2%





max. Rs. 10 lakhs.


5
Articles of Association of a Company
10
0.1%,





max. Rs. 50 lakhs.


6
Certificate of Sale
15(c)
@5% on the amount of purchase money


7
Certificate of Share/ Scrip/ Stock
16
0.10%




8
Certificate of enrolment in the roll of Advocates
17
Rs.500/-


9
Conveyance (Sale)
20(1)
@5 % on the market value + Surcharge + Cess
I
1%

Conveyance (Sale of flats/apts.)
20(2)
@5% on the market value + Surcharge + Cess
I
1%

Conveyance on TDR
20(7)
@3%
I
1%
10
Copy of extract or Certified True copy
21
Rs.10/-


11
Counterpart/Duplicate
22
Rs.500/-



(a)   if the original instrument is chargeable with duty of > Rs.500
22(a)
Same duty as on the original



(b)   in any other case
22(b)
Rs.500/-




/
12
Exchange of property
26
@5% on the market value+Surcharge+ Cess
I
1%
13
Gift
28




1. If Donee is not a family member
28(a)
@5% +Surcharge+ Cess
I
1%

(ii) If Donee is a family       
28(b)
Rs.5000/-+Surcharge +Cess –
I-Note-11(ii)
Rs.1,000/-

     member

property situated within BMRDA/BBMP/ City Corporation limits





Rs.3000/- + Surcharge + Cess – property  situated within City/ Town Municipal/ Council/Town Panchayat limits
I-Note-11(ii)
Rs.1,000/-



Rs.1000/-+ Surcharge + Cess –property  situated within the limits other than the limits specified in items (i) and (ii)
I-Note-11(ii)
Rs.1,000/-



Provided that, if the property is situated in any of the combination 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.
I-Note-11(ii)
Rs.1,000/-


14
Lease
30




(i) Up to 1 year residential property
30(1)(i)
@ 0.5% on the total rent/premium/fine/ money advanced - max. Rs.500/-
I - Note-3
0.5%  Min Rs.200/-

(ii) Up to 1 year commercial and industrial property
30(1)(ii)
@ 0.5% on the total rent/premium/fine/ money advanced
I - Note-3
0.5%  Min Rs.200/-

(iii) > 1yr < 10 years
30(1)(iii)
1% on AAR / premium / fine / money advance
I - Note-3
0.5%  Min Rs.200/-

(iv) > 10yrs < 20 years
30(1)(iv)
@2% on AAR / premium / fine / money advance
I - Note-3
0.5%  Min Rs.200/-

(v) > 20yrs < 30 years
30(1)(v)
@3% on AAR / premium / fine / money advance
I - Note-3
0.5%  Min Rs.200/-

(vi) > 30 years
30(1)(vi)
@5% on AAR / premium / fine / money advance or on the market value of the property whichever is higher
I
1%

(vii) if lease is executed in favour of family member
30(1)(vi) proviso
Rs.5000/-+ Surcharge + Cess –
I - Note-3
Rs.1,000/-



property situated within BMRDA/BBMP/ City Corporation limits





Rs.3000/- + Surcharge + Cess – property  situated within City/ Town Municipal/ Council/Town Panchayat limits
I - Note-3
Rs.1,000/-



Rs.1000/- if the property is situated within the limits other than the limits specified in items (i) and (ii)
I - Note-3
Rs.1,000/-



Provided that, if the property is situated in any of the combination 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.
I - Note-3
Rs.1,000/-
15
Mortgage
34




(i) If possession of property is given
34(a)
@5 % on the loan amount + surcharge
I
1%

(ii) If possession of property is not given
34(b)
0.5% for every Rs. 100/- or Part thereof
I-Note(1-a)(i)
0.5% max.                  Rs.25,000/-
16
Partition
39




 NA property situated within the limits of





Municipal /UDA/  Municipal Council/Town Panchayat
39(a)(1)
Rs.1000/- per share
IV(a)(a)(1)
Rs.1,000/- per share







 Other areas than those mentioned in sub-clause (1) above
39(a)(2)
Rs.500/- per share
IV(a)(a)(2)
Rs.500/- per share







 Agricultural Land
39(b)
Rs.250/- per share
IV(a)(b)
Rs.200/- per share

(c) Movable property or money
39(c)
Rs.250/- per share
IV(a)(c)
Rs.300/- per share

(d)Combination of above
39(d)
Maximum of above per share
IV(a) IV(a)(d)
Maximum of fee noted in above clauses  per each share
17
Partnership
40




A.      Instrument of    
40.A
Rs.1000/-



Constitution





B.      Reconstitution
40.B




(a)   Where immovable property contributed by a partner remains with the firm at the time of outgoing
40.B(a)
3% on the market value of the property allotted to the other partner



(b)   In any other case
40.B(b)
Rs.1000/-



C.      Dissolution
40(C)




(a)   Where immovable property contributed by a partner is allotted to the other partner at the time of dissolution of the firm
40(C)(a)
3% on the market value of the property remaining with the firm



(b)   In any other case
40(C)(b)
Rs.1000/-




18
Power of Attorney
41




(a) for the sole purpose of registration of documents w.r.t. a single transaction or for admitting execution of documents;
41(a)
Rs.100/-
XXXI
Rs.200/-

(b)                  Authorizing one or more person to act in single transaction other than the case mentioned in clause(a)
41(b)
Rs.100/-
IV
Rs.200/-

(c)  Authorizing <=5 persons to act jointly or severally in >one transaction or generally
41(c)
Rs.100/-
IV
Rs.200/-

(d)                  Authorizing >5<=10 persons to act jointly or severally in >one transaction or generally
41(d)
Rs.200/-
IV
Rs.200/-

(e)given for consideration
41(e)
@5%
I
1%

(ea) given to a promoter / developer
41(ea)
@2%
III(a)(i)
1%

( (eb) given to person other than the family members to sell the immovable property
41(eb)
@ 5 %
I-Note(10)
1%

(ec) given to person other than the family members to sell TDR
41(ec)
@3%
I
1%

(f)  In any other case
41(f)
Rs.200/-
IV
Rs.200/-
19
Re-conveyance of mortgage property
44
Rs.100/-
III(iii)
Rs.200/-
20
Release
45




(i) Release not between family members
45(a)
Rs.5%
I
1%

(ii) Release between family members
45(b)
Rs.5000/-+Surcharge +Cess –





property situated within BMRDA/BBMP/ City Corporation limits
I-Note-11(i)
Rs.1,000/-



Rs.3000/- + Surcharge + Cess – property  situated within City/ Town Municipal/ Council/Town Panchayat limits






I-Note-11(i)
Rs.1,000/-



Rs.1000/- if the property is situated within the limits other than the limits specified in items (i) and (ii)






I-Note-11(i)
Rs.1,000/-



Provided that, if the property is situated in any of the combination 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.






I-Note-11(i)
Rs.1,000/-


21
Security Bond
47




(a)   When the amount secured <= Rs.1000
47(a)
0.50%



(b)   In any other case
47(b)
Rs.200/-


22
Settlement
48




(i) If disposition of property other than family
48(A)(i)
@5 %
I
1%

(ii) If disposition of property among the family members
48(A)(ii)
Rs.5000/-+Surcharge +Cess –
I-Note-11(iii)
Rs.1,000/-



property situated within BMRDA/BBMP/ City Corporation limits





Rs.3000/- + Surcharge + Cess – property  situated within City/ Town Municipal/ Council/Town Panchayat limits
I-Note-11(iii)
Rs.1,000/-



Rs.1000/- if the property is situated within the limits other than the limits specified in items (i) and (ii)
I-Note-11(iii)
Rs.1,000/-



Provided that, if the property is situated in any of the combination 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.
I-Note-11(iii)
Rs.1,000/-
23
Surrender of Lease
51
Rs.100/-
II
Rs.200/-
24
Transfer
52




(a)   Of debentures

0.5% max Rs.1000/-



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

Rs.100/-



(c)    Of any property under sec 25 of the Administrator Generals Act, 1963

Rs.100/-



(d)   Of any Trust property from one trust to another trust or from Trust to trustee or beneficiary or from trustee to trust or trustee or beneficiary, as the case may be.

5% on the market value of the property
I
1%
25
Transfer of Lease
53




(a)   Where the remaining period of lease is =<30 years
53(a)
5% on consideration amount for lease transfer



(b)   Where the remaining period of lease is >30 years
53(b)
5% on the market value of the property which is the subject matter of transfer




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