NO STAMP DUTY HIKE PROPOSED IN THE KARNATAKA 2013-14 BUDGET

THE BUDGET WHICH WAS PRESENTED HAS SPARED THE BUYERS OF THE PROPERTIES ACROSS THE STATE AND THE REAL ESTATE MARKET WITHOUT INCREASING THE STAMP DUTY AND REGISTRATION FEE.

THERE IS NO INCREASE IN THE PRESENT STAMP DUTY OF 5% AND REGISTRATION FEE OF 1%.

PROPERTY REGISTRATION CHAGES/EXPENSES/DUTY MAY BE REVISED

THE KARNATAKA GOVERNMENT IS CONTEMPLATING TO REVISE THE GUIDELINE VALUE OF PROPERTIES TO INCREASE THE REVENUE TO SET OFF AGAINST THE SCHEMES ANNOUNCED AND MIGHT INCREASE THE STAMP DUTY ON THE REGISTRATION OF PROPERTIES.