Stamp Duty in Bangalore
Karnataka Stamp Act Schedule (updated till 2020)
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Description of Instruments
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Proper Stamp Duty |
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| 1. Acknowledgement of,-
(i)a debt written or signed by or on behalf of, a debtor in order to supply evidence of such debit in any book (other than a Banker’s passbook) or on a separate piece of paper when such book or paper is left in the creditor’s possession and the amount or value of such debt.
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| (a) exceeds rupees 100 but does not exceed rupees 5,000
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Two rupees.
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| (b) when exceeds Rs.5,000
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Two rupees plus rupees two for every thousands or part thereof (maximum one thousand rupees.) | |
| (ii) a letter, article, document, parcel, package or consignment of any nature or description whatsoever or by whatever name called, given by a person, courier or company, firm or body of persons whether incorporated or unincorporated to the sender of such letter, article, document, parcel or package or consignment. |
One rupee for every one thousand rupees or part thereof of amount charged.
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| 2. Administration Bond, including a bond given under section 6 of the Government Savings Banks Act, 1873(Central Act V of 1873) or Section 289,291,375 or 376 of the Indian Succession Act, 1925(Central Act XXXIX of 1925). | ||
| (a) Where the amount does not exceed Rs.1000 | The same duty as Bond (No.12) for such amount. | |
| (b) in any other case | One hundred rupees | |
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3. Adoption deed, that is to say, any instrument (other than a Will), recording an adoption or conferring or purporting to confer an authority to adopt.
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Five hundred rupees. |
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| Advocate– See Certificate of enrolment as an Advocate (No.17) | ||
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4. Affidavit
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Twenty rupees. |
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| 5. Agreement or (its records or) memorandum of an agreement. | ||
| (a) If relating to the sale of bill of exchange | One rupee for every rupees ten thousand or part thereof | |
| (b) If relating to the purchase or sale of a Government security | One rupee for every ten thousand or part thereof of the value of security at the time of its purchase or sale, as the case may be, subject to a maximum of one thousand. | |
| (c) If relating to the purchase or sale of shares, scrips, stocks, bonds, debentures, debenture stocks or any other marketable security of a like nature in or of any incorporated company or other body corporate. | ||
| (i) When such agreement or memorandum or an agreement is with or through a member or between members of stock Exchange recognized under the Security Contracts (Regulation) Act, 1956 (XLII of 1956) | One rupee for every rupees ten thousand or part thereof of the value of the security at the time of purchase or sale as the case may be. | |
| (ii) in any other case | One rupee for every rupees ten thousand or part thereof of the value of the security at the time of its purchase or sale, as the case may be. | |
| (d) If relating to a transaction of lease-cum-sale in connection with the allotment of a building site, with or without building thereon, effected by the Bangalore Development Authority constituted under the Bangalore Development Authority Act,1976 (Karnataka Act No.12 of 1976), the City Improvement Trust Board, Mysore, constituted under the City of Mysore Improvement Act, 1903(Mysore Act No.3 of 1903), the Karnataka Housing Board constituted under the Karnataka Housing Board Act, 1962, the Improvement Boards constituted under the Karnataka Improvement Boards Act, 1976, House Building Co-operative Societies registered under the Karnataka Co-operative Societies Act.) 1959 or the allotment of industrial sheds and plots by the Karnataka Industrial Areas Development Board established under the Karnataka Industrial Areas Development Board At, 1966, the Karnataka Small Scale Industrial Investment and Development Corporation, The Karnataka State Industrial Investment and Development Corporation and the Karnataka State Electronics Development Corporation, Registered as a company under the Companies Act,1956, or the allotment of land or site with or without building to the market functionaries in the yard by the Agricultural Produce Marketing (Regulation) Act, 1966, Municipal Corporation constituted under the Karnataka Municipal Corporation Act,1976, Municipal Councils or Town panchayats constituted under the Karnataka Municipalities Act, 1964, Urban Development Authorities constituted under the Karnataka Urban Development Authorities Act, 1987, GramaPanchayats Talku Panchayats and Zilla Panchayats constituted under the Karanataka Panchayat Raj Act, 1993 and such other authorities as may be specified by the Government.
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The same duty as a conveyance (No.20) for market value equal to the security deposit and the amount of average annual rent reserved under such agreement. |
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| (da) Where any instruments of lease-cum-sale effected by the Bangalore Development Authority constituted under the Bangalore Development Authority Act, 1976, the Karnataka Housing Board constituted under the Karnataka Housing Board Act, 1962 pertaining to premises of a Flat or Apartments. | The duty payable shall be as a conveyance [No. 20(2)] for the market value equal to the security deposit and the amount of average annual rent reserved under such agreement. | |
| (e) If relating to sale of immovable property wherein part performance of the contract. | ||
| (i) Possession of the property is delivered or is agreed to be delivered before executing the conveyance. | The same duty as a Conveyance (No. 20) on the market value of the property.
Provided that, where a deed of cancellation of earlier agreement is executed by and between the same parties in respect of the same property and if proper stamp duty has been paid on such agreement, then the duty on such ‘deed of cancellation’ shall not exceed five hundred. |
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| (ii) Possession of the property is not-delivered
Explanation-I: When a reference of a Power Of Attorney granted separately by the seller to the purchaser in respect of the property which is the subject matter of such agreement is made in the agreement, then the possession of the property is deemed to have been delivered for the purpose of this clause. |
Ten paise for every one hundred rupees or part thereof on the market value equal to the amount of consideration subject to a maximum of rupees twenty thousand but not less than rupees five hundred. | |
| Explanation-II: For the purpose of clause (e) and the clause(h) where subsequently conveyance or mortgage as the case may be, is executed between the same parties in pursuance of such agreement or its records or memorandum, the stamp duty, if any, already paid and recovered on the agreement or its record or memorandum shall be adjusted towards the total duty leviable on the conveyance or mortgage as the case may be. | Provided that the duty paid on power of attorney under Article 41(e) or 41 (eb), as the case may be, is adjustable towards the duty payable on agreement for sale under Article 5(e) or instrument of sale or transfer as the case may be, executed between the same parties and in respect of the same property. | |
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11. Award, that is to say, any decision in writing by an arbitrator or umpire, not being an award directing a partition, on a reference made otherwise than by an order of the Court in the course of a suit.
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The same duty as a conveyance under Article 20(1) on the amount or market value of the property (which is the subject-matter of award), whichever is higher. |
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12. Bond (a) where the amount or value secure does not exceed Rs.1, 000.
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Fifty paise for every one hundred rupees or part thereof.
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| (b) where it exceeds Rs.1, 000.
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The same duty as under clause (a) for the first one thousand rupees and for every five hundred rupees or part thereof in excess of one One thousand rupees. (Two Rupees and Fifty Paise)
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| 13. Bottomry Bond , that is to say, any instrument where by the master of a seagoing ship borrows money on the security of the ship to enable him to preserve the ship or prosecute the voyage | The same duty as a Bond (No.12) for such amount | |
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14. Cancellation – Instruments of
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One thousand rupees. |
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21. Copy of extract (i) if the original was not chargeable with duty, or if the duty with which it was chargeable does not exceed five rupees.
(ii) in any other case. |
Five rupees.
Ten rupees. |
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22. Counterpart or Duplicate- of, any instruments, chargeable with duty and in respect of which the proper duty has been paid – (a) if the duty with which the original instrument is chargeable does not exceed five hundred rupees.
(b) in any other case. |
The same duty as payable on the original.
Five hundred rupees.
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| 23. Customs Bond or excise bond
(a) where the amount does not exceed Rs. 1,000
(b) in any other case |
The same duty as Bond (No. 12) for such amount
One Hundred Rupees |
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| 24. Delivery order in respect of goods
That is to say, any instrument entitling any person, therein named, or his assignee or the holder thereof to the delivery of any goods are stored or deposited on rent or hire or upon any wharf, such instrument being signed by or on behalf of the owner of such goods upon the sale or transfer of the property thereof
Deposit of Title Deeds – See Agreement relating to Deposit of Title deeds, Pawn or pledge (No.6)
Dissolution of Partnership – See Partnerdship (No.40)
(Exemption: Goods imported which are exempted from levy of customs duty by the Government of India) |
One rupee for every one thousand rupees or part thereof on the value of such goods | |
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25. Divorce-Instrument of Any instrument by which any person effects the dissolution of his marriage.
Dower – Instrument of – See Settlement (No.48)
Duplicate – See Counterpart (No.22) |
One hundred rupees. |
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26.Exchange of property– Instrument of |
The same duty as a Conveyance for a market value equal to the market value of the property of greatest value which is the subject matter of exchange.
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| 27. Further charge,—Instrument of—
that is to say, any instrument imposing a further charge on mortgaged property- (a) when the original mortgage is one of the description referred to in clause (a) of Article No.34 (that is, with possession). (b) when such mortgage is one of the description referred to in clause (b) of Article No. 34 (that is, without possession) – (i) if at the time of execution of the instrument of further charge, possession of the property is given or agreed to be given under such instrument;
(ii) if possession is not given and not being a hypothecation.
(iii) for hypothecation
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The same duty as a Conveyance (No. 20) for a market value equal to the amount of the further
charge secured by such instrument. The same duty as a Conveyance (No.20) for a market value equal to the total amount of the charge (including the original mortgage and any further charge already made) less the duty already paid on such original mortgage and further charge
Fifty paise for every one hundred rupees for the amount of the further charge secured by such instrument,
Same duty as sub-clause (d) of Article (No. 34) for the amount of the further charge secured by such instrument.] |
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28. Gift-Instrument of (a) where the donee is not a family member of the donor.
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The same duty as a Conveyance for a market value equal to the market value of the property which is the subject matter of gift: |
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| (b) where the donee is a member of the family of the donor.
Explanation: Family in relation to the donor for this purpose means father, mother, husband, wife, son, daughter, daughter-in-law, brothers, sisters and grand children |
(i) If the property is situated within the limits of Bangalore Metropolitan Regional Development Authority or Bruhat Bangalore Mahanagar Palike or City Corporation… ..……Rupees five thousand;
(ii) If the property is situated within the limits of City or Town Municipal Council or Town Panchayat area…….. ….Rupees three thousand;
(iii) If the property is situated within the limits other than the limits specified in items (i) and (ii)…… ………Rupees one thousand;
Provided that, if the property is situated in any of the combinations of limits, mentioned in items (i), (ii) and (iii) above the duty payable shall be the maximum of the duties specified in items (i), (ii) and (iii) above.] |
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| 29. Indemnity Bond-
Inspectorship Deed –See Composition Deed (No. 19)
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The same duty as a Security Bond (No.47) for the same amount
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| 30.
[Lease of immoveable property]- Lease of immoveable property including an under- lease or sublease and any agreement to let or sub-let where by such lease, the rent is fixed, or fine or premium or money advanced or security deposit (as the case may be) is paid or delivered.-
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| [(i) where the lease purports to be for a
term not exceeding one year in case of residential property
(ii) where the lease purports to be for a term not exceeding one year in case of commercial or industrial property
(iii) where the lease purports to be for a term exceeding one year and not exceeding ten years
(iv) where the lease purports to be for a term exceeding ten years and not exceeding twenty years
(v) where the lease purports to be for a term exceeding twenty years and not exceeding thirty years
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fifty paise for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, subject to a maximum of rupees five hundred
fifty paise for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced,
one rupee for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced
two rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced
three rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced |
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(vi) where the lease purports to be for a term exceeding thirty years or in perpetuity or does not purport to be for any definite term
[(2) Lease of moveable property including an under lease or sublease and any agreement to let or sub let.- (a) where by such lease the rent is fixed and no premium is paid or delivered.- (i) where the lease purports to be for a term not exceeding ten years One rupee for every hundred rupees or part thereof on the average annual rent reserved, subject to a maximum of rupees two lakhs. (ii) where the lease purports to be for a term exceeding ten years One rupee and fifty paise for every hundred rupees or part thereof on the average annual rent reserved, subject to a maximum of rupees two lakhs. (b) where the lease is granted for a fine or premium or for money advanced and where no rent is reserved. One rupee and fifty paise for every hundred or part thereof on the amount of such fine or premium or advance as set forth in the lease, subject to a maximum of rupees two lakhs.] (c) where the lease is granted for a fine or premium or for money advanced in addition to rent reserved One rupee and fifty paise for every hundred rupees or part thereof on the amount of such fine or premium or advance as set forth in the lease in addition to the duty which would have been payable on such lease, if no fine or premium or advance had been paid or delivered, subject to a maximum of rupees two lakhs: 7 [Provided that in respect of lease of industrial machinery the maximum duty chargeable shall be rupees ten thousand.] 8 [Provided further that] in any case when an agreement to lease is stamped with ad valoremstamp required for a lease and a lease in pursuance of such agreement is subsequently executed, the duty on such lease shall not exceed rupees fifteen.] 9 [3 Notwithstanding anything contained in clause (1) and (2) above, in respect of.- (a) Mine Development and Production Agreement (MDPA) and or Mining Lease granted through auctions:- (i) where the lease purports to be for a term exceeding one year and not exceeding ten years. One rupee for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment based on the final price offer obtained in the auction calculated on the estimated average annual production as per the approved mining plan. (ii) where the lease purports to be for a term exceeding ten years and not exceeding twenty years. Two rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment based on the final price offer obtained in the auction calculated on the estimated average annual production as per the approved mining plan. (iii) where the lease purports to be for a term exceeding twenty years and not exceeding thirty years. Three rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment based on the final price offer obtained in the auction calculated on the estimated average annual production as per the approved mining plan. (iv) where the lease purports to be for a term exceeding thirty years or in perpetuity or does not purport to be for any definite term. Five rupees for every one hundred rupees or part thereof on the total amount or value of; four times the average annual royalty and four times the average annual payment based on the final price offer obtained in the auction calculated on the estimated average annual production as per the approved mining plan. Provided that in any case when Mine Development And Production Agreement (MDPA) is duly stamped with the ad valorem stamp required for MDPA as well as for a mining lease and a mining lease in pursuance of such Mine Development And Production Agreement is subsequently executed, the duty on such mining lease shall not exceed rupees fifty: (b) Mine Development and Production Agreement (MDPA) and or Mining Lease granted other than by auctions. (i) where the lease purports to be for a term exceeding one year and not exceeding ten years. One rupee for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment as share of value of mineral calculated on the estimated average annual production as per the approved mining plan, premium, money advanced, security deposit and fine. (jj) where the lease purports to be for a term exceeding ten years and not exceeding twenty years. Two rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment as share of value of mineral calculated on the estimated average annual production as per the approved mining plan, premium, money advanced, security deposit and fine. (iii) where the lease purports to be for a term exceeding twenty years and not exceeding thirty years. Three rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment as share of value of mineral calculated on the estimated average annual production as per the approved mining plan, premium, money advanced, security deposit and fine. (iv) where the lease purports to be for a term exceeding thirty years or in perpetuity or does not purport to be for any definite term. Five rupees for every one hundred rupees or part thereof on the total amount or value of; four times the average annual royalty and four times the average annual payment as share of value of mineral calculated on the estimated average annual production as per the approved mining plan, premium, money advanced, security deposit and fine; or on the value of Estimated Resources whichever is higher: Provided that in any case when Mine Development And Production Agreement (MDPA) is duly stamped with the ad valorem stamp required for MDPA as well as for mining lease and a mining lease in pursuance of such Mine Development And Production Agreement is subsequently executed, the duty on such mining lease shall not exceed rupees fifty: Explanation: (1) The term “ money advanced and security deposit” in this article means and includes the money advanced and security deposit including performance guarantee whether refundable or adjustable towards any other payments. (2) “value of estimated resources” shall have the same meaning as that in the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016.] |
The same duty as conveyance under article 20 (1) on the total or value of , average annual rent, fine, premium and money advanced or the market value of the property whichever is higher |
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| (2) Lease of moveable property including an under lease or sublease and any agreement to let
or sub let.-
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| (a) where by such lease the rent is fixed and no premium is paid or delivered.-
(i) where the lease purports to be for a term not exceeding ten years
(ii) where the lease purports tobe for a term exceeding ten years
(b) where the lease is granted for a fine or premium or for money advanced and where no rent is reserved
(c) where the lease is granted for a fine or premium or for money advanced in addition to rent reserved |
One rupee for every hundred rupees or part thereof on the average annual rent reserved, subject to a maximum of rupees two lakhs.
One rupee and fifty paise for every hundred rupees or part thereof on the average annual rent reserved, subject to a maximum of rupees two lakhs.
One rupee and fifty paise for every hundred or part thereof on the amount of such fine or premium or advance as set forth in the lease, subject to a maximum of rupees two lakhs.]
One rupee and fifty paise for every hundred rupees or part thereof on the amount of such fine or premium or advance as set forth in the lease in addition to the duty which would have been payable on such lease, if no fine or premium or advance had been paid or delivered, subject to a maximum of rupees two lakhs:
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32. Letter of licence |
One hundred rupees. |
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| 32-A Licence of immovable or
moveable property.- That is to say licence granted by owner or authority for rent or fee or by whatever name it is called and money advanced or security deposit or for carrying on manufacture, trade, business or profession.
(i) where the license purports to be for a term not exceeding one year in case of residential property
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fifty paise for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, subject to a maximum of rupees five hundred
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(ii) where the license purports to be for a term not exceeding one year in case of commercial or industrial property
(iii) where the license purports to be for a term exceeding one year and not exceeding ten years
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fifty paise for every one hundred rupees or part thereof on the total
amount or value of; the average annual rent, premium, fine and money advanced, [subject to a minimum of rupees fifty]
one rupee for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, [subject to a minimum of rupees one hundred]
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| (iv) where the license purports to be for
a term exceeding ten years and not exceeding twenty years
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two rupees for every one hundred
rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, subject to a minimum of rupees two hundred |
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| (v) where the license purports to be three rupees for every one
for a term exceeding twenty years and not exceeding thirty years |
hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced subject to a
minimum of rupees three hundred. |
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| 33 Memorandum of Association of a
company,— (a) if accompanied by Articles of Association under Section 26 of the Companies Act, 1956 (Central Act 1 of 1956) (b) if not so accompanied
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[One thousand rupees]
The same duty as under Article (No. 10) according to the share capital of the company. |
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| 34. 34. Mortgage deed, not being an
agreement relating to [Deposit of title deeds, [pawn or pledge] (No.6)], Bottomry Bond (No. 13), Mortgage of a Crop (No. 35), Respondentia Bond (No. 46), or Security Bond (No. 47)
(a) When possession of the property or any part of the property comprised in such deed is given by the mortgagor or agreed to be given. (b) When possession is not given or agreed to be given as aforesaid and not being a hypothecation;
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The same duty as Conveyance (No. 20(1)) for a market value equal to the amount secured by such deed.
Fifty paise for every hundred rupees or part thereof for the amount secured by such deed] |
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| (c) When a collateral or auxiliary or
additional or substituted security, or by way of further assurance for the above mentioned purpose, where the principal or primary security is duly stamped.-
(i) for every sum secured not exceeding Rs. 1,000.
(ii) for every Rs. 1,000 or part thereof, secured in excess of Rs.1,000.
(d) for hypothecation of movable property,- If the loan or debt is repayable on demand (i) where the loan amount does not exceeds rupees ten lakhs
(ii) where the loan amount exceeds rupees ten lakhs
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[Ten rupees]
[Ten rupees plus one rupee for every rupees one thousand or part thereof in excess of rupees one thousand.]
Rupees ten for every rupees ten thousands or part thereof
Rupees twenty for every rupees ten thousands or part thereof, subject to a maximum of rupees ten lakhs. |
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36. Notarial Act |
Ten rupees. |
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| Partition-Instrument – of, as defined by clause (k) of sub-section
(1) of Section 2.- (a) where the property involved in the partition is converted for non-agricultural purpose or is meant for non agricultural use.
(1) If the property is situated in the jurisdiction of Municipal Corporation or Urban Development Authorities or Municipal Councils or Town Panchayats.
(2) If the property is situated in the areas other than those mentioned in sub-clause (1) above.
(b) where the property involved in the partition is agricultural land
(c) where the property involved in the partition is moveable or money
(d) where the property involved in the partition belongs to any of the combinations of categories mentioned in sub-clauses (a), (b) and (c) above.
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Rupees one thousand for each share.
Rupees five hundred for each share.
Rupees two hundred and fifty for each share
Rupees two hundred and fifty for each share
Maximum of the duties described in sub-clause (a), (b) or (c) above for each share:]
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40.Partnership A. Instrument of – (a) where the Capital of the partnership does not exceed rupees fifty thousand. |
Five hundred rupees.
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| (b) in any other case
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Two thousand rupees.
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| B. Reconstitution-
(a) where immoveable property contributed as share by a partner or partners remains with the firm at the time of outgoing in whatever manner by such partner or partners on reconstitution of such partnership firm |
The same duty as a Conveyance for a market value equal to the market value of the immovable property remaining with the firm.
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| (b) in any other case.
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One thousand rupees.
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| C. Dissolution of –
(a) where the property which belonged to one partner or partners when the partnership commenced is distributed or allotted or given to another partner or partners.
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The same duty as a Conveyance for a market value equal to the market value of the property distributed or allotted or given to partner or partners under the instrument of dissolution, in addition to the duty which would have been chargeable on such dissolution if such property had not been distributed or allotted or given.
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| (b) in any other case
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One thousand rupees. | |
| [40-A Limited Liability Partnership. –A Constitution of Limited Liability
Partnership, or conversion of firm/ private company/unlisted public limited company into limited liability partnership.-
(a) where the capital does not exceed rupees ten lakhs
(b) where the capital exceeds rupees ten lakhs; for every rupees five lakh or part thereof exceeding rupees ten lakhs
B Reconstruction or amalgamation of Limited Liability Partnership
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Rupees one thousand
[Rupees one thousand plus rupees five hundred for every rupees five lakhs or part thereof, exceeding rupees ten lakhs capital amount, subject to a maximum of rupees ten lakhs] [Three percent] on the consideration or market value of the property whichever is higher of the transferor limited liability partnership located within the State of Karnataka.] |
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41.Power of Attorney (a) when executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one or more such documents; |
One hundred rupees.
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| (b) when authorizing one person or more to act in a single transaction other than the case mentioned in clause (a); | One hundred rupees.
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| (c) when authorizing not more than five
person to act jointly and severally in more than one transaction or generally; |
One hundred rupees.
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| (d) when authorizing more than five but not more than ten persons to act jointly and severally in more than one transaction or generally; | Two hundred rupees.
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| (e) when given for consideration and or when coupled with interest and authorizing the attorney to sell any immovable property;
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The same duty as a Conveyance under Article 20(1) on consideration or on market value of the property (which is the subject-matter of such power-of-attorney), whichever is higher.
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| (ea) when given for construction /
development or sale of an immovable property , include a multi-unit house or building or unit of apartment or flat or portion of a multi-storied building to a person having a stipulation that after construction or development, such property shall be held jointly or severally by person and the owner or lessee, as the case may be , of such property, or that it shall be sold jointly or severally by them or that a part of it shall be held jointly or severally by them and the remaining part thereof shall be sold jointly or severally by them.
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One rupee for every one hundred rupees or part thereof on the market value of the property, or the estimated cost of construction or proposed construction or development or proposed development of the property, as the case may be, (which is the subject-matter of such transfer under the power-of-attorney in accordance with the
provisions of section 28 of the Karnataka Stamp Act, 1957), or the consideration for such transfer whichever is higher.
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| (eb) when given to person other than the father, mother, wife or husband, sons, daughters, brothers, sisters, in relation to the executant authorizing such person to sell immovable property situated in Karnataka state.
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Seven rupees and fifty paise for every one hundred rupees or part thereof on the market value of the property which is the subject matter of Power of Attorney: Provided that the duty paid on such instrument is adjustable towards the duty payable on the instrument of sale or transfer executed
subsequently in favour of either the attorney holder or any other person.
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(f) when executed by a principal or client for the sole purpose of authorizing the agent or broker to carry out all lawful acts and deeds relating to his/her trading operations including sale/purchase of marketable securities, transfer of securities towards stock exchange, receiving/releasing funds and securities from/to other parties on behalf of the principal or client.
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Fifty rupees.
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| (g) when executed by a principal or client for the sole purpose of authorizing the depository participant to carry out all lawful acts and deeds relating to his/her demat account as per the bye-laws of the depositories/regulations governing such operations. |
Fifty rupee.
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(h) in any other case.
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Two hundred rupees.
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| 45 Release, that is to say, any
instrument (not being such a release as is provided for by Section 24), whereby a person renounces a claim upon another person or against any specified property.- (a) where the release is not between the family members
(b) Where the release is between the family members
Explanation. – Family in relation to a person for the purpose of clause (b) means husband, wife, son, daughter, father, mother, brother, wife / children of predeceased brother sister, husband/ children of predeceased sister, wife of a predeceased son and children of a predeceased son or predeceased daughter. |
The same duty as a Conveyance [under Article No.20(1)] on the market value of the property or on
the amount or value of claim or part of claim renounced, as the case may be (which is the subject matter of Release) or Consideration for such release, whichever is higher.]
(i) If the property is situated within the limits of Bangalore Metropolitan Regional Development Authority or Bruhat Bangalore Mahanagara Palike or City Corporation… ..……Rupees five thousand;
(ii) If the property is situated within the limits of City or Town Municipal Council or Town Panchayat area…….. ….Rupees three thousand;
(iii) If the property is situated within the limits other than the limits specified in items (i) and (ii)…… ………Rupees one thousand |
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48.Settlement A. Instrument of (including a deed of dower) (i) where the disposition is not for the purpose of distributing the property of the settler among his family.
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The same duty as a Conveyance for a market value equal to the market value of the property, which is the subject-matter of settlement: Provided that where an agreement to settle is stamped with the stamp duty required for an instrument of settlement, and an instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not exceed rupees fifty. |
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| (ii) where the disposition is for the purpose of distributing the property of the settler among his family.
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Rupees one thousand.
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| B. Revocation of |
The same duty as a Conveyance for a sum equal to amount or value of the property concerned in the instrument of revocation, but not exceeding two hundred rupees. |
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| 51.Surrender of lease –
(a) when the duty with which the lease is changeable does not exceed twenty-two rupees and fifty paise;
(b) in any other case. |
The duty with which such lease is chargeable.
One hundred rupees.
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52.Transfer-(Whether with or without consideration)- (a) of debentures, being marketable securities, whether the debenture is liable to duty or not.
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Fifty paise for every rupees one hundred or part thereof subject to a maximum of one thousand rupees for a consideration equal to the face value of the debenture. |
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| (b) of any interest secured by bond, mortgage deed or policy of insurance-
(i) if the duty on such bond, mortgage – deed or policy does not exceed twenty two rupees and fifty paise;
(ii) in any other case;
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i. The duty with which such bond, mortgage deed; or policy of insurance is chargeable.
ii. One hundred rupees.
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| (c) of any property under section 25 of the Administrator Generals Act, 1963;
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One hundred rupees.
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| (d) of any trust property from the trustee to another trustee or from a trustee to beneficiary, or from trustee to trust or trustee or beneficiary, as the case may be.
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The same duty as a conveyance [under Art.20 (1)] on the market value of the property (which is the subject matter of such transfer or consideration for such transfer, whichever is higher.
Provided that for the public religious and charitable trusts, the duty for such transfer shall be rupees one thousand. |
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53. Transfer of lease, by way of assignment, and not by way of under-lease.
(a) Where the remaining period of lease does not exceed 30 years
(b) Where the remaining period of lease exceeds 30 years
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The same duty as Conveyance for a market value equal to the amount of consideration
The same duty as Conveyance for a market value of the property which is the subject matter of money transfer |
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54.Trust Declaration of, or concerning, any property when made by any writing not being a will.- i) When the Trust is made exclusively for public religious and charitable purposes. ii) When the trust is made for the management and custody of properties, for the purpose of distributing the benefits/profits of the property to the beneficiaries and where there is no transfer/disposition of property, in any way. iii) When the trust made involves the transfer/disposition of property in any way.
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i. One Thousand Rupees.
ii. One Thousand Rupees.
iii. The same duty as conveyance [u/Art. No.20 (1)] on the amount and the market value of the property, which is the subject matter of such transfer/disposition. |
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| 55. Warrant of Goods, that is to say, any instrument evidencing the title of any person therein named or his assigns, or the holder thereof, to the property in any goods laying in or upon any dock, warehouse or wharf, such instrument being signed or certified by or on behalf of the person in whose custody such goods may be | Fifty Rupees | |