​Abstract Of The Karnataka Stamp Act, 1957,Concerning Levy Of Additional Stamp Duty​

Section 3-B. Certain Instruments chargeable with additional duty.
Section 3C. Limit on levy of additional stamp duty.
Section 205. Duty on transfer of immovable properties.
Section 140. Duty on transfer of immovable properties.
Section 99. Duty on transfers of immovable properties.

1[Section3-B. Certain Instruments chargeable with additional duty.- (1) Any instrument of conveyance, exchange, settlement, gift or lease in perpetuity of immovable property chargeable with duty under Section 3 read with articles of the schedule, shall for a period of six yearseffective from the first day of April, 1998 be chargeable with additional duty at the rate of five percent on such duty chargeable on such instrument of conveyance, exchange, gift, settlement and lease in perpetuity for the purpose of various Infrastructure Projects across the state and for the purpose equity investment in the Bangalore Mass Rapid Transit Limited in the proportion of 67:33 respectively.

(2) The additional duty chargeable under sub-section (1) shall be in addition to any duty chargeable under Section 3.

(3) Except as otherwise provided in sub-section (1) provisions of this Act, shall so far as may be apply in relation to the additional duty chargeable under sub-section (1) as they apply in relation to the duty chargeable under Section 3. ] 1

2[Explanation - xxx]2​

1. Substituted by Act No.6 of 2001, w.e.f. 1-4-2001.

2. Explanation omitted by Act No. 5 of 1998 w.e.f. 1.4.1998.

3[Section 3C. Limit on levy of additional stamp duty.Notwithstanding anything contained in any other law for the time being in force, no instrument shall be charged with any duty in the form of additional stamp duty under such other law, exceeding the maximum amount of duty with which such instrument is chargeable under of this Act]3

3. Inserted by Act No. 6 of 1999 w.e.f. 1-4-1999.

ABSTRACT OF THE KARNATAKA PANCHAYAT RAJ ACT, 1993

(CONCERNING LEVY OF ADDITIONAL STAMP DUTY)

The duty on transfers of immovable property shall be levied in the form of a surcharge at the rate 3% of the duty imposed by the Karnataka Stamp Act, 1957, on instruments of sale, gift, mortgage, exchange and lease in perpetuity, of immovable property situated within the limits of the area of the taluka panchayath.

Provided that no duty on transfers is leviable in respect of a mortgage where the amount secured by a mortgage does not exceed two thousand rupees:
Provided further that no additional stamp duty shall be chargeable in respect of any instrument exempt from stamp duty under the Karnataka Stamp Act, 1957.

(2) The Government may, by notification, specify the rate of the duty on transfers leviable under sub-section (1), from time to time.

(3) On the introduction of the duty on transfers, Section 28 of the Karnataka Stamp Act, 1957, shall be read as if it specifically required the particulars to be set forth separately in respect of the property situated within and without the limits of a taluk.

(4) The entire amount collected under sub-section (1) as the duty on transfers in respect of the lands and other properties situated in the taluk shall be passed on to the Taluk Panchayats in the State in proportion to the population of the taluk.

(5) The Government may make rules for regulating collection of the duty on transfers and the payment thereof.

ABSTRACT OF THE KARNATAKA MUNICIPAL

CORPORATION ACT, 1976

(CONCERNING LEVY OF ADDITIONAL STAMP DUTY)

Section 140. Duty on transfer of immovable properties. - (1) The duty on transfers of immovable property shall be levied in the form of surcharge at the rate 2% of the duty imposed by the Karnataka Stamp Act, 1957 on instrument of sale, gift, mortgage, exchange and lease in perpetuity of immovable property situated within the limits of a larger urban area.

ABSTRACT OF THE KARNATAKA MUNICIPALITIES ACT, 1964

(CONCERNING LEVY OF ADDITIONAL STAMP DUTY)

Section 99. Duty on transfers of immovable properties. - The duty on transfers of immovable property shall be levied in the form of surcharge at the rate 2% of the duty imposed by the Karnataka Stamp Act, 1957 on instrument of sale, gift, mortgage, exchange and lease in perpetuity of immovable property situated within the limits of a smaller urban area.
Provided that no such duty is leviable in respect of a mortgage where the amount secured by the mortgage does not exceed two thousand and five hundred rupees.

(2) On the introduction of the transfer duty:-
(a) Section 28 of the Karnataka Stamp Act, 1957, shall be read as if it specifically required the particulars to be set forth separately in respect of property situated within and without the municipal area;
(b) Section 61 of the same Act shall be read as if it referred to the municipal council as well as the Government.

(3) The Government may make rules for regulating the collection of the duty, the payment thereof to the municipal council and the deduction of any expenses incurred by the Government in the collection thereof.

(4) No duty shall be chargeable:-
(i) in respect of any instrument executed by or on behalf of or in favour of the Government in cases where but for this exemption the Government would be liable to pay the transfer duty under this section in respect of such instrument, or
(ii) in respect of any instrument exempt from stamp duty under the Karnataka Stamp Act, 1957.​​​

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