(1) If the property gifted is situated within the limits of City Corporation area or in the Municipal Area in the State of Karnataka, the Stamp duty payable on Rs.1,00,000=00 value of the property is as follows:-
1 8% Stamp duty on Rs.1,00,000=00. Rs.8,000=00
2 5% Additional Stamp duty on Rs.8,000=00. Rs. 400=00
3 2% Surcharge duty on Rs.8,000=00 Rs. 160=00
Total Stamp duty payable Rs.8,560=00
In Karnataka state use of Judicial and Non-judicial stamp papers discontinued w.e.f. 1-4-2003.
Write document on Document Sheet or on plain paper.
Stamp duty can be paid in jurisdictional Sub-Registrar Office or in authorised Banks.
4 Registration fee @ 1% payable on Rs.1,00,000=00. Rs. 1,000=00*
* (a) Plus copying, endorsement, comparing, filing, record of rights and postage fee also chargeable.
(b) Registration fee can be paid in cash or through D.D. in the concerned Sub-Registrar Office at the time of presentation of the document for registration.
Grand total of payment of Stamp duty and Registration fee Rs.14,500=00
2. If the property gifted is situated within the Taluk Panchayath Area, the Stamp duty payable on Rs.1,00,000=00 value of the property is as follows:-
1
10% Stamp duty on Rs.1,00,000=00.
Rs.10,000=00
2 5% Additional Stamp duty on Rs.10,000=00. Rs. 500=00
3 3% Additional Stamp duty on Rs.1,00,000=00. Rs. 3,000=00
Total Stamp duty payable Rs.13,500=00
Stamp duty can be paid by purchasing Non-judicial Stamp papers from Government treasury or write document on plain paper and pay stamp duty in cash or through D.D. in the concerned Sub-Registrar Office.
4 Registration fee @ 1% payable on Rs.1,00,000=00. Rs. 1,000=00*
* (a) Plus copying, endorsement, comparing, filing, record of rights and postage fee also chargeable.
(b) Registration fee can be paid in cash or through D.D. in the concerned Sub-Registrar Office at the time of presentation of the document for registration.
Grand total of payment of Stamp duty and Registration fee Rs.15,500=00
A notification oppose to public policy has been given in detail in the notification given below:
NOTIFICATION u/s 22A of the Registration Act, 1908
(Opposed to Public Policy)
NOTIFICATION
[Notification No. RD 56 munosa 99 dated 10-5-1999].