The Karnataka Budget for fiscal 2021-22 reduced stamp duty on buying apartments priced Rs 35-45 lakh to 3 per cent from 5 per cent, said Chief Minister B.S. Yediyurappa on Monday. "To promote affordable housing, the stamp duty for registering apartments valued Rs 35-45 lakh is proposed to be reduced to 3 per cent from 5 per cent," said Yediyurappa while presenting the state Budget for the ensuing fiscal.
"The department has collected Rs 9,014-crore from stamps and registrations till February from across the state as against the annual target of Rs 12,655 crore for this fiscal (2020-21)," said Yediyurappa.The Budget has set Rs 12,655-crore target for the coming fiscal (2021-22) from the state stamps and registrations department.
Experience a touch of European flair with Brigade's 24-acre project, featuring expansive green spaces and Spanish-style homes, offering a relaxed yet spontaneous living experience at Brigade Valencia.