Karnataka cuts stamp duty from 5% to 3% | Editorji
  1. home
  2. > business
  3. > Karnataka cuts stamp duty from 5% to 3%
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

Karnataka cuts stamp duty from 5% to 3%

Mar 08, 2021 18:27 IST | By Editorji News Desk

Big boost for affordable housing segment in Karnataka as the Govt has reduced stamp duty from 5% to 3%.


Presenting the Karnataka Budget for fiscal 2021-22 Chief Minister B S Yediyurappa announced the reduced stamp duty on apartments priced between Rs 35 lakh-45 lakh. 


The state govt hopes this will spur real estate sales that have been slumping. Revenue from stamp and registrations will face a shortfall of over Rs 2000 cr this year as per the budget presented in the state assembly. 

Business