For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Karnataka Reduces Stamp Duty On Apartments To 3%

|

On Monday, Karnataka Chief Minister announced lowering in of stamp duty for apartments costing between Rs. 35 lakh to Rs. 45 lakh to 3% from 5%. The announcement was made while the Karnataka Budget for the fiscal year 2021-22 was announced in the State legislature by CM Yediyurappa, who heads the finance ministry.

 Karnataka Reduces Stamp Duty On Apartments To 3%
 

Also, in the budget speech, Yediyurappa said that the Gross State Domestic Product (GSDP) has declined 2.6 percent compared to 2019-20 fiscal due to lockdown induced by COVID-19.

"The Agriculture sector grew by 6.4 percent, while Services and industry sector saw a contraction of 3.1 percent and 5.1 percent," Yediyurappa said.

GoodReturns.in

Read more about: stamp duty karnataka
Story first published: Monday, March 8, 2021, 14:24 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X