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STAMP DUTY IN KARNATAKA
Karnataka High Court sets aside KIADB order in Rs 1,125 crore Lam Research land matterThe High Court passed the order after the company filed an affidavit clarifying its agreements with Lam Research India Pvt Ltd. The HC said...- These large- mid- and small-cap stocks have an upside potential of up to 31% in 1 year, according to analystsAs nothing can be ruled out on the street, be prepared for anything. Now, what is the probability that the bears will be chased away from t...
- Upfront cost on property registration goes up in KarnatakaCurrently, the stamp duty in Bangalore is 6.6% of the property's market value. The advance stamp duty will be adjusted against this at the ...
- Karnataka Assembly passes Bill slashing stamp duty by 2% on flats priced below Rs 45 lakhRevenue Minister R Ashoka said lakhs of flats in Bengaluru and in other cities have remained unsold due to the distress caused by the Covid...
- West Bengal and Karnataka Governments cut stamp duty to revive residential salesHowever, the housing demand in Bengaluru is unlikely to get a significant booster as the market is largely skewed towards the mid-segment –...
- Karnataka cuts stamp duty to 3% on apartments below Rs 45 lakh"This will be applicable for the first registration of these apartments. There is also a proposal for upward revision of guidance value. Th...
- Stamp duty reduction likely to improve homebuyers' sentiment: Magicbricks Consumer PollProperty registration and stamp duty charges range between 5%-9% on an average across the country and add significantly to the overall cost...
- Stamp duty cut unlikely to spur quick investments into projectsYediyurappa has proposed to cut the stamp duty rate on flats priced between Rs 35 lakh and Rs 45 lakh to 3% from 5%, provided it is a prima...
- Flats below Rs 45 lakh to cost less in Karnataka, but only on primary salesIt is to be seen if Monday's announcement will provide enough incentive for first time home buyers to book their flats, and provide confide...
- Karnataka reduces stamp duty to 3% for homes valued between Rs 35 lakh to Rs 45 lakh“While the move does carry a feel-good factor and will strike the right sentiment chord, it is not likely to give a significant boost to ho...
- Karnataka Budget: Realty players pin hopes on cut in guidance value to drive property salesSteep guidance value at many places in Bengaluru has led to transactions bypassing the registration, with people closing deals through mutu...
- Tax coffers hint at green shoots in Karnataka realty marketStamp duty and registration fee collections in key cities, including Bengaluru, have shown a clear increase in October from the year-ago pe...
- UP RERA urges state to reduce stamp duty on property registration by 2%The move, if implemented, is expected to give a boost to the realty sector, providing relief to developers with unsold inventory over the y...
- Karnataka under pressure to follow Maharashtra in stamp duty cutsMaharashtra levies a duty of 5% in urban areas and 4% in rural areas. It has cut the same by 3% for transactions up to December 31, and by ...
- Karnataka to add ‘sweetener’ to property transactions with a lower guidance valueKarnataka introduced the guidance value system in the 1990s, with B Somashekhar as revenue minister, to plug leaks in stamp duties. Section...
- Karnataka reduces stamp duty on new flats by 3%The Kaveri software of the stamps and registration department will be integrated with the e-Aasthi (property) application of the state urba...
- GST rollout: Home buyers to benefit if Karnataka government cuts stamp dutyCredai Bengaluru, are trying to convince the government to cut or abolish stamp duty and registration fees in the wake of GST being impleme...
- Short levy of Rs 12 crore stamp duty on Kingfisher-Deccan deal: CAGCAG has revealed a short levy of stamp duty worth Rs 12.03 crore on amalgamation and demerger of Kingfisher Airlines, Deccan Aviation.
- Stock brokers get relief in Tamil Nadu stamp duty caseAssociation of National Exchanges Members of India has won an interim injunction against recent changes in the stamp duty structure in Tami...
- Tamil Nadu brokers told to pay stamp duty monthlyState government has asked stock exchanges to inform stock brokers to pay stamp duty every month for all the trades done by its residents.
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