What is the stamp duty payable on lease-cum-sale and sale deeds executed by CITB, Karnataka Housing Board, etc.?


Ganga Ganga
Answered on December 23,2019

Stamp duty is levied on the amount of security deposit shown in lease-cum-sale deed agreements and on the amount of consideration shown in the sale deeds, executed by City Development Authority, Housing Board, KIADB, KSSIDC, KSIIDC, KSEDC, APMC, Municipal Corporation, Municipal Council, and Town Panchyat. b. In respect of sale deeds executed by the above-mentioned institutions in pursuance of lease-cum-sale deeds, deduction of stamp duty will be given to the extent of stamp duty. Additional stamp duty towards infrastructure development corporation at 5 percent on the stamp duty and additional stamp duty towards local bodies shall be paid in addition to the duty payable to Government.


 
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