Karnataka govt slashes stamp duty on flats below ₹45 lakh1 min read . Updated: 21 Sep 2021, 04:46 PM IST
- The Karnataka Legislative Assembly has passed an amendment to the Stamp Act, 1957, slashing the stamp duty. The 2% reduction is applicable only on first-time registration, primary sales in other words
In a bid to encourage the lower middle class and the poor to buy a flat, the BJP-led government in Karnataka has said that the stamp fee will be reduced to 3% from 5%. This will be applicable to flats priced between ₹35 lakh and ₹45 lakh.
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