(1)
Ļ¯ೇಷ ªಾಜÍ ಪĦÎೆ
PÀ£ÁðlPÀ «zsÁ£À¸À¨sÉ
ºÀ¢£ÉÊzÀ£Éà «zsÁ£À¸À¨sÉ
ºÀvÀÛ£Éà C¢üªÉñÀ£À
ಕකბಟಕ ౣಂඬ (ൟൿ౪ಪല) เඒಯಕ, 2021
(2021gÀ «zsÁ£À¸À¨sÉAiÀÄ «zsÉÃAiÀÄPÀ ¸ÀASÉå-29)
ಕකბಟಕ ౣಂඬ ಅඌඛಯಮ, 1957ඝ౬ ಮತ౨ౣ ൟൿ౪ಪല ಡฤ ಒಂൿ
เඒಯಕ.
ಇย ಇඝ౬෨ಂං ಉഴಬฆವ ಉං౪ೕಶಗัಛಜ ಕකბಟಕ ౣಂඬ ಅඌඛಯಮ,
1957ඝ౬
(1957ರ
ಕකბಟಕ
ಅඌඛಯಮ
34)
ಮತ౨ౣ
ൟൿ౪ಪല
ഴโൿ
ಕ౨฿ಜฆโದคಂದ;
ಇൿ
ූರತ
ಗಣฃಜದ
ಎಪ౭౨ರಡඡ
ವಷბದย
ಕකბಟಕ
ฃಜ
เඋನಡಲൽಂದ ಈ ෨ಂൽඦ ಅඌඛಯ෦ತ฿ಗย:-
1. ౾౹ಪ౨ ກಸฆ ಮൡ౨ ඩฏಭ.- (1) ಈ ಅඌඛಯಮವඝ౬ ಕකბಟಕ ౣಂඬ
(ൟൿ౪ಪല) ಅඌඛಯಮ, 2021 ಎಂൿ ಕฉಯತಕౙൿ౪.
(2) ಇൿ ಈ ಁಡว ೦คಡ ಬರತಕౙൿ౪.
2. ಅඝಯ ൟൿ౪ಪല.- ಕකბಟಕ ౣಂඬ ಅඌඛಯಮ, 1957ರ (1957ರ
ಕකბಟಕ ಅඌඛಯಮ 34) ಅඝಯ 20ඡ ಅඝೕಧದ (2ಎ) ಘಡದยನ (ii)ඡ
ಉಪಘಡ ಮൡ౨ ಅದಃౙ ීඌದ ನ෩ൿಗಳ ತฆ฿ಯ ಈ ෨ಂൽನದඝ౬
คಸತಕౙൿ౪, ಎಂದฉ:-
¨sÁUÀ – 4
Part – IVA
, 14
, 2021 (
, 23,
, ೧೯೪3)
BENGALURU, TUESDAY, 14, SEPTEMBER, 2021 (BHADRAPADA , 23, SHAKAVARSHA, 1943)
. 771
No. 771
2
“(iii) ฆಕങౣ ಲโ ෩ವ౨ೖൿ
ಲౘ งඩಗัಜಂತ ກൿ౪, ಆದฉ
ನಲವ౨ೖൿ ಲౘ งඩಗಳವฉಡ ಮൡ౨
ಅದඝ౬ ಒಳತಂഴ ಇದ౪ย
ಲದ ๕ಕಡ ෩ರರౣ”
ಉං౪ೕಶಗำ ಮൡ౨ ౽ರಣಗಳ ຂัಃ
2021-22ರ ಆಯವಯ ූಷಣದยನ ಪ౨ವචಯඝ౬ ೦คತัโದ౽ౙಜ 35 ಲౘ
งඩಗำ ಮൡ౨ 45 ಲౘ งඩಗಳ ನഴเನ ಲದ ಅඩഡბ෫ಂഖಗಳ
෮ದಲ ඣೕಂದಡ ෨ർಂಕ ಂಕವඝ౬ ಕല෫ ಡฤ (5% คಂದ 3%ಡ) ಕකბಟಕ
ౣಂඬ ಅඌඛಯಮ, 1957ඝ౬ (1957ರ ಕකბಟಕ ಅඌඛಯಮ 34) ಮತ౨ౣ ൟൿ౪ಪല
ഴโൿ ಅವಶಕๅಂൿ ಪคಗං.
ಆದ౪คಂದ ಈ เඒಯಕ.
ಆ൮ბಕ ೦ౢಪನ ಪತ
ಪ౨เತ ๎ಸකತಕ ಕಮโ ෴โඃ ກನ ๅಚವඝ౬ ಒಳತಂലฆโൽಲ.
Dgï. C±ÉÆÃPÀ
PÀAzÁAiÀÄ ªÀÄAwæ
JA.PÉ. «±Á¯ÁQë
PÁAiÀÄðzÀ²ð(¥Àæ)
PÀ£ÁðlPÀ «zsÁ£À ¸À¨sÉ
3
ಕකბಟಕ ౣಂඬ ಅඌඛಯಮ, 1957ರ
(1957ರ ಕකბಟಕ ಅඌඛಯಮ 34) ಉඁತ ූಗ
Xxx
xxx
xxx
ಅඝ
Xxx
xxx
xxx
20. (1) ಹ౨ಂತರಣ ಪತ.- 2ඡ ಪಕರಣದ (ല)
ಘಡದ ෩ಲಕ ಪคූඈ .52ರ
ಅലಯย
เඌಸมದ
ಅಥ฿
เකൟತัಸ มದ ವಛბವൕ෴ಜರದ,
ಹ౨ಂ- ತರಣโ ෴ವ ಸ౷ൟ౨ನ ฆಕങౣ
ಲโ
ಹ౨ಂತರಣದ
ವ౨
เಷಯ฿ಜංೕ
ಆ
ಸ౷ൡ౨
ಈ
ಃಳಡ
ನ෩ൽದโಗಳ ಪค෦ൟ ಳಡ ಇದ౪ฉ.-
(2) ಕකბಟಕ මഖಗಳ ಒഷತನ (ඛბಣ,
ฃಟ
ವವ౩ಪච
ಮൡ౨
ವಛბವൕ
ವಧბචಯ ඛತಣ) ಅඌඛಯಮ, 1972ರ
(1993ರ
ಕකბಟಕ
ಅඌඛಯಮ,
16)
2ඡ
ಪಕರಣದ (ಎ) ಘಡದย ಪคූಸมඈ
‘ඩഡ’ ನ ಆವರಣಃౙ ීಧಪಟౣಂ (2ಎ)
ಘಡದย ಉวೕದ ඩഡ ನ ಆವರಣಗಳඝ౬
ຄರൡಪല
ಅಥ฿
ಕකბಟಕ
ಅඩഡ ბ෫ಂഡ ಒഷತನ ಅඌඛಯಮ, 1972ರ
(1973ರ
ಕකბಟಕ
ಅඌඛಯಮ,
17)
3ඡ
ಪಕರಣದ (ಎ) ಘಡದย ಪคූಸมඈ
‘ಅඩഡ ბ෫ಂഡ’
ನ
ಆವರಣಃౙ
ීಧಪಟౣಂ ಸಹ౽ರ ಘൽಂದ ಅಥ฿
ಅದರ ಪರ฿ಜ คನ ವಛბವൕಡ ෴โඃ
ກಸคඛಂದ ಕฉಯมಞವ ಒಬ౯ ಪವತბಕ,
ේยೕಕ
ಅಥ฿
ಅไൽ౫౽ರඝ
ඛವბದ ಹ౨ಂ-ತರಣದ ෮ದಲ ยತಃౙ
ීಧಪಟౣฉ, ಸ౷ൟ౨ನ ฆಕങౣ ಲโ
ಹ౨ಂತರಣದ เಷಯ ವ౨฿ಜฆತ౨ං.
เವರൕ.- (ಎ) “ಆವರಣಗำ” ಎಂದฉ, ේ෦,
ಕಟౣಡಗಳยನ เಭ೧ಸมಗದ ൞ಸ౾౨ ಮൡ౨
ನ ಪඃಶದยನ ಪರ ඩฤ
ಇโಗಳඝ౬ ಒಳತำತ౨ං.
()
“ಘಟಕ”
ಎಂದฉ
ತ൞ౙಲದย
೦คಯยฆವ ෴โඃ ౽ඞඛನലಯยನ
ಕಟౣಡದ ೕಜචಯ ೪ฃൟಛಜ ಸౘಮ
ඩඌ౽ರൽಂದ
೪ฃದ
ೕಜචಗඝರ฿ಜ ඛბಣ ಡมದ
ಅಥ฿
ඛბಣದല
ಯยฆವ
ಎಂಬ
෴โඃ
ກಸคඛಂದ
ಕฉವ
ඩഡ౺,
ಅඩഡ ბ෫ಂഡ, ವഢರ เූಗ (ങඛ෫ಂഡ
ಋ) ಅಥ฿ ෴โඃ ಇತರ ಘಟಕ.
ಲದ ๕ಕറ ಐದರౣ
ඛბಣದ ງತವඝ౬ ಗಣචಡ ಡൿಆಳං,
ಅโಗಳඝ౬ තಣბ ඛ෦ბತ ಎಂൿ ූเ,
තಣბ ඛბಣತಂಡ ඩഡ ಗำ ಅಥ฿
ಅඩഡ ბ෫ಂഡ ಗำ
ಅಥ฿
ಘಟಕದ
ಲಃౙ ಸಮකದ ฆಕങౣ ಲದ ෬ว
20
(1)ඡ
ಅඝೕದലಯย
ಹ౨ಂತರಣ฿ඈ ಅඃ ๑ಲౙ
4
() xxx
(2ಎ) ඩഡ ಅಥ฿ ಅඩഡ ბ෫ಂഔನ
෮ದಲ ฃಟಃౙ ීඌದ ಹ౨ಂತರ
ยತเದ౪ย, ಮൡ౨,-
(i) ฆಕങౣ ಲโ ಇಪ౭ൡ౨ ಲౘಗำ
ಅಥ฿ ಇಪ౭ൡ౨ ಲౘ งඩಗัಜಂತ ಕല෫
ಇದ౪ย,
(ii)
ฆಕങౣ
ಲโ
ಇಪ౭ൡ౨
ಲౘ
งඩಗัಜಂತ
ກൿ౪,
ಆದฉ
෩ವ౨ೖൿ ಲౘ งඩಗಳ ವฉಡ ಮൡ౨
ಅದඝ౬ ಒಳತಂഴ ಇದ౪ย
(3)
ಂಗิฆ
ಅไൽ౫
ඩඌ౽ರ
ಅඌඛಯಮ,
1976ರ
(1976ರ
ಕකბಟಕ
ಅඌඛಯಮ
12)
ಅലಯย
ರತ฿ದ
ಂಗิฆ ಅไൽ౫ ඩඌ౽ರโ, ಕකბಟಕ
ಠಹ ಡย ಅඌඛಯಮ, 1962ರ (1963ರ
ಕකბಟಕ
ಅඌඛಯಮ
10)
ಅലಯย
ರತ฿ದ
ಕකბಟಕ
ಠಹ
ඛბಣ
ಡย
ඩഔನ
ಅಥ฿
ಅඩഡ ბ෫ಂഔನ
ಆವರಣಗัಡ
ීඌඈ ෴โඃ ಹ౨ಂ-ತರಣ ಪತದ
ยತವඝ౬ ಬฉൿಆಟౣದ౪ย.
(4) ಉಪඛಗಳ ಅඌඛಯಮ, 1956ರ ಪಕರಣ
394ರ ಅലಯย ಕ౨ ක෴ඌ౽ರಣಗำ
ಅಥ฿ ඩඌ౽ರಗಳ ಅലಯย]21 ಅಥ฿
ಉಚක෴ಲಯโ ലದ ಒಂൿ ಅඃಶಃౙ
ීಧಪഔౣದ౪ฉ.
(i)
ൣ
ಉಪඛಂൽಡ
තರಕ
เยೕನವඞ౬
ಒಳತಂഽ
ಉಪඛಗಳ
เยೕನದ ීಧದย,
(ii)ಉಪඛಯ
ඬನฑ
ඛბಣ
ಅಥ฿
ലಮಜბರ ౬ ීಧದย,-
ಲದ ๕ಕറ ಎರಡರౣ
ಲದ ๕ಕറ ෩ರರౣ]22
ಂಕವඝ౬, ยತದย ನ෩ൽಸมඈ,
ಪൟಫಲದ ෮ಬಲಞ ಅಥ฿ ಲದ ෬ว
ಅඝೕದ 20ರ (2)ඡ ಘಡದ ಅലಯย
ඛದბಷౣಪലದ
ದರಗಳย
ർಯ
ಡತಕౙൿ౪:
ಪฏൡ,
ಒಂൿ
ಢ
ಟ
ฃಟ
ಒಪ౭ಂದವඝ౬
ಬฉൿಆಡมದ
෴โඃ
ದಭბದย ಮൡ౨ 5ඡ ಅඝೕದದ (ലಎ)
ನ
ಅലಯย
ಅಂಥ
ಒಪ౭ಂದಗัಛಜ
ಅಗತಪലಸมದ
มඝರ
ౣಂඬ
ಕมಜದ౪ย
ಮൡ౨
ಅಂಥ
ಒಪ౭ಂದದ
ಅඝಸರൕಯย ಒಂൿ ಹ౨ಂತರಣ ಪತವඝ౬
ತฆ฿ಯ
ಬฉൿ
ಆಡมದฉ,
ಅಂಥ
ಹ౨ಂತರಣ ಪತದ ෬ยನ ಂಕโ ಐವൡ౨
งඩಗಳඝ౬
෦ೕರತಕౙದ౪ಲ
ಅಥ฿
ಹ౨ಂತರಣ ಪತದ ෬ว ർಯ฿ಞವ
ಂಕದ ವ൞ಸ ಮൡ౨ 5ඡ ಅඝೕದದ (ലಎ)
ನ
ಅലಯย
ಭದ൞
ഩವൕಡಛಜ
ಈಛಗศ ಗಸมದ ಂಕ ಇವฉಡರย
෴โൿ ಅඌಕ่ೕ ಅದඝ౬ ෦ೕರತಕౙದ౪ಲ.
ಕකბಟಕ ฃಜದยฆವ ಮൡ౨ ವಛბವൕ
ಪഷದ ಉಪඛಡ ವಛბಸมದ ವಛბವൕ
ഴವ
ಉಪඛಯ
ಸ౷ൟ౨ನ
ฆಕങౣ
ಲದ ෬ว ๕ಕറ ෩ರರౣ; ಅಥ฿
เඛಮಯದย ಅಥ฿ ಅನ൭ ඛೕലದ ಅಥ฿
ງಃ ലದ ฆಗಳ ಒഓౣฉ ಲದ
๕ಕಡ ಒಂದಃౙ ಸಮකದ ෮ಬಲಞ ಮൡ౨
තರಕ ಉಪඛಯ ದಭბದย ฆಗำ
ൣ
ಉಪඛಂൽಡ
เยೕನತಂലದ౪ฉ
(ಅಥ฿ ರർ౪ಜದ౪ฉ) ಮൡ౨ ಅದರ ೯ಡ ಇಂಥ
เยೕನಃౙ
ಪคಗಣචಯยฆವ
෮ಬಲಞ
ಇๅರಡರย
෴โൿ
ກೕ
ಅದඝ౬
ർಯ ഴโൿ.
ಕකბಟಕ ฃಜದยฆವ ಮൡ౨ ವಛბವൕ
ಪഷದ, ಉಪඛಡ ವಛბಸมದ ವಛბವൕ
ഴವ
ಉಪඛ
ಸ౷ൟ౨ನ
ฆಕങౣ
ಲದ ෬ว ๕ಕറ ෩ರರౣ ಅಥ฿
คಸยౣಂ ಉಪඛಡ เತคದ ಅಥ฿ ງಃ
5
เකൟ.- ಅಛค౽ ಹಣ౽ ಮൡ౨ ඬನฑ
ರಚච ಡยಯ (.ಐ.ಎෆ.ಆฑ) ಆඃಶಗಳ
ಅലಯย ಇತರ ಉಪඛಗูಡච ฌೕಗಗಸ౨
ಉಪඛಗಳ เยೕನದ ದಭბದย
(5)ಅಛค౽
ತಗัಡ
ීඌದ
ಹ౨ಂತರಣ,-
(i)ಅಛค౽ ತಗಳඝ౬ ಚರ ಸ౷ൡ౨ ಎಂൿ
ಪคಗർಗ
(ii)ಅಛค౽ ತಗಳඝ౬ ౩ರಸ౷ൡ౨ ಎಂൿ
ಪคಗർಗ
(6) ౭ಷฯ ಪಪბ ๅಕฯ ಡ (ಎ.ඪ.เ)
ಅಥ฿ ಅโಗಳඝ౬ ෴โඃ ກಸค ඛಂದ
ಕฉಯย,
ಭದ
ಒದಜವ
ಪ౾ಯ
ීಧ
ದย
ಭದൟೕಕರಣ
ಞ
ඬನඛბಣ
ಮൡ౨
ಭದಯ
ಬലಯ
ಅಮฤ ೦ค ಅඌඛಯಮ, 2002 ರലಯย
෩ಲಕತბඛಂದ
౷ೕಕคಸಬർದโಗಳ
ವಆഴเಃಡ ීඌದ౪ฉ.
(7)
ವಛბವೕಯ
ಅไൽ౫
ಹಀౙಗัಡ
ීඌದ ಹ౨ಂತರಣ ಪತ
ലದ ฆಗಳ ಒഖౣ ಲದ ๕ಕಡ
ಒಂದಃౙ ಸಮකದ ෮ಬಲಞ ಮൡ౨ ಇದರ
೯ಡ, ಅಂಥ ലಮಜბฑ ಅಥ฿ ඬನฑ
ඛბಣಃౙ
ർಯ
ലದ౪ย
ಪคಗಣචಯยฆವ ෮ಬಲಞ,
ಇๅರಡರย ෴โൿ ກೕ ಅൿ.
เವರൕ.- ಅඝೕದ 20 (4)ರ ಉං౪ೕಶ౽ౙಜನ
“ฆಗಳ ಒഓౣฉ ಲ” ಎಂದฉ ฆಗಳ
෨ಖ
ว
ಅಥ฿
ฆಕങౣ
ಲ,
෴โൿ ກೕ ಅൿ.
ಸ౷ൟ౨ನ ಪൟಫಲ ಅಥ฿ ฆಕങౣ ಲದ
๕ಕറ ෩ฆ ෴โൿ ກೕ ಅൿ,
ಸ౷ൟ౨ನ ಪൟಫಲ ಅಥ฿ ฆಕങౣ ಲದ
๕ಕറ ಐൿ, ෴โൿ ກೕ ಅൿ.
ಗคಷౣ ಒಂൿ ಲౘ งඩಗัಡ ಒಳಪഖౣ
ಪൟ ಒಂൿ เರ งඩಗำ ಅಥ฿
ಅದರ ූಗಃౙ ಒಂൿ งඩ.
ಹ౨ಂತರಣದ ವ౨ เಷಯ฿ಜฆವ ಅಂಥ
ವಛბವೕಯ ಅไൽ౫ ಹಀౙಗัಡ ಅವ౽ಶ
ඛೕഴವ ฿ൽ ූಗದ ฆಕങౣ ಲಃౙ
ಸಮකದ ವಛბವೕಯ ಅไൽ౫ ಹಀౙಗಳ
ฆಕങౣ
ಲ
ಅಥ฿
ಅಂಥ
ಹ౨ಂತರಣದ ಪൟಫಲ, ಇದರย ෴โൿ
ກೕ, ಅದರ ෬ว ๕ಕറ ෩ರರౣ
ಪฏൡ, 41ඡ ಅඝೕದದ (ಇ) ಘಡದ ಅലಯย ಅඃ ಸ౷ൟ౨ನ ීಧದย ಮൡ౨ ಅඃ
ಪౘ౽ರರ ෩ಲಕ ಮൡ౨ ಅವರ ನഴๅ ಬฉಯมದ ෨ಌ౨ರක෫ಯ ෬ว ಕ౨ ಂಕವඝ౬
ർಯ ലದ౪ย, ಅඝೕದ 20(7)ರ ಅലಯยಯ ಹ౨ಂತರಣದ ෬ว ർಯ
ಡಬർದ ಂಕโ ಎರഴ ඞฆ งඩಗಳඝ౬ ෦ೕರತಕౙದ౪ಲ.
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6
KARNATAKA LEGISLATIVE ASSEMBLY
FIFTEENTH LEGISLATIVE ASSEMBLY
TENTH SESSION
THE KARNATAKA STAMP (AMENDMENT) BILL, 2021
(LA Bill No. 29 of 2021)
A Bill further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957
(Karnataka Act 34 of 1957), for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the Seventy second year
of the Republic of India as follows:-
1. Short title and commencement.– (1) This Act may be called the
Karnataka Stamp (Amendment) Act, 2021.
(2) It shall come into force at once.
2. Amendment of Schedule.- In the Karnataka Stamp Act, 1957,
(Karnataka Act 34 of 1957), in the schedule, in article 20, in clause (2A), after sub-
clause (ii) and the entries relating thereto, the following shall be inserted namely:-
(iii) where the market value of which
is above rupees thirty five lakhs but
upto and inclusive of forty five lakhs.
three percent of the value
7
STATEMENT OF OBJECTS AND REASONS
It is considered necessary further to amend the Karnataka Stamp Act, 1957
(Karnataka Act 34 of 1957) to give effect to the proposal made in the Budget Speech
of 2021-22 to reduces the stamp duty (from 5% to 3%) for the first registration of
apartments valued between Rupees 35 lakh and Rupees 45 lakh.
Hence the Bill
FINANCIAL MEMORANDUM
There is no extra expenditure involved in the proposed legislative measure.
R.ASHOKA
Minister for Revenue
M.K. VISHALAKSHI
Secretary (I/c)
Karnataka Legislative Assembly
8
ANNEXURE
EXTRACT FROM THE KARNATAKA STAMP ACT, 1957
(Karnataka Act 34 of 1957)
XXX
XXX
XXX
SCHEDULE
XXX
XXX
XXX
20 (1) For Conveyance.- as defined by clause
(d) of section 2, not being a transfer
charged or exempted under No.52, on
the market value of the property which
is the subject matter of conveyance.
five percent of the value
(2)Where it relates to instrument of
conveyance executed by a promoter,
a land owner, or a developer by
whatever name called, pertaining to
premises of ‘Flat’ as defined in clause
(a) of section 2 of the Karnataka
Ownership Flats (Regulation of the
Promotion of Construction, Sale,
Management and Transfer) Act, 1972
(Karnataka Act 16 of 1973) or
‘Apartment’ as defined in clause (a) of
section 3 of the Karnataka Apartment
Ownership Act, 1972 (Karnataka Act
17 of 1973) or transfer of share by or
in favour of Co-operative Society or
Company pertaining to premises or
Unit and the market value of the
property which is the subject matter
of conveyance.
the same duty as a conveyance
under Article 20(1) on the market
value equal to the market value of
the fully constructed flat or
apartment or unit, irrespective of
the
stage
of
construction,
deeming it as fully constructed
Explanation:—
(a) “Premises” means and includes
undivided interest in the land, building
and proportionate share in the common
areas:
(b) “Unit” includes flat, apartment,
tenement, block or any other unit by
whatever name called, constructed or
under construction in accordance with
the sanctioned plan by the authority
competent to sanction a building plan
under any law for the time being in force:
(c) xxx
xxx
9
(2A)
where
an
instrument
of
conveyance relating to the first sale of
flat or apartment, and,-
(i)
where the market value of
which is rupees twenty lakhs or
less than twenty lakhs.
(ii)
(ii) where the market value of
which is above rupees twenty
lakhs but upto and inclusive of
thirty five lakhs.
two percent of the value
three percent of the value
(3)
Where
any
instrument
of
conveyance rates is effected by the
Bangalore
Development
Authority
constituted
under
Bangalore
Development
Authority
Act,
1976
(Karnataka Act 12 of 1976), the
Karnataka Housing Board constituted
under the Karnataka Housing Board
Act, 1962 (Karnataka Act 10 of 1963)
pertaining to premises of Flat or
Apartment.
(4) If relating to an order made by the
High Court “or appropriate Tribunals
or appropriate Authorities under the
Companies Act, 2013”, in respect of;
(i)
Amalgamation
of
companies,
including a subsidiary amalgamating
with parent company
(ii) Reconstruction or Demerger of a
company
The duty shall payble at the specified
under clause (2) of Article 20 on the
amount or value of consideration as set
forth in the instrument:
Provided that, in any case where a
lease-cum-sale Agreement is executed
and is stamped with the advalorem
duty required for such agreement
under item (da)of Article 5 and in
furtherance of such agreement a
conveyance is subsequently executed,
the duty on such conveyance shall not
exceed rupees fifty or the difference of
the duty payable on such conveyance
and the duty already collected on the
security deposit under item (da) of
Article 5, whichever is greater.
Three percent on the market value of
the property of the transferor company,
located within the State of Karnataka
and transferred to the transferee
company;or
An amount equal to one percent of the
aggregate value of shares issued or
allotted in exchange, or otherwise and
in case of subsidiary company, shares
merged (or cancelled) with parent
company and in addition, the amount
of consideration if any, paid for such
amalgamation; whichever is higher.
Three percent on the market value of
the property of the transferor company,
located within the State of Karnataka,
and
transferred
to
the
resulting
company; or
An amount equal to one percent of the
aggregate value of shares issued or
10
allotted to the resulting company and
in
addition,
the
amount
of
consideration if any, paid for such
demerger or reconstruction;
Whichever is higher.
Explanation :- The term, “aggregate
value of shares” for the purpose of
Article 20(4) means,the face value of
shares or its market value, whichever
is higher.
Exemption:- Amalgamation of sick companies with others, under the
orders of Board of Industrial Finance and Reconstruction (BIFR)
(5) Conveyance relating to industrial machinery,-
(i) when industrial machinery is
treated as movable property
Three percent of consideration or
market value of the property,
whichever is higher,
(ii) when industrial machinery
is treated as immovable
property
Five percent of consideration or
market value of the property,
whichever is higher”.
(6) If relating to assignment of
receivable by the originator to the
special purpose vehicle (SPV), or
by whatever name they are called
in the process of securitisation
under
securitisation
and
reconstruction of Financial Assets
and
Enforcement
of
Security
Interest Act, 2002
(7)Conveyance relating to Transferable
Development Rights
One rupee for every one thousand
rupees or part thereof subject to a
maximum of rupees one lakh.
Three percent on the market value of
the Transferable Development Rights
equal to the market value of the
corresponding portion of the property
leading
to
such
Transferable
Development Rights, which is the
subject
matter
of
conveyance; or
consideration for such conveyance;
whichever is higher.
Provided that, if the proper duty is paid under clause(ec) of Article 41 on
power of Attorney, executed by and between the same parties and in respect of the
same property, then the duty payable on the corresponding conveyance under
Article 20(7), shall not exceed rupees two hundred.
XXX
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XXX
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R.N.I. No. KARBIL/2001/47147 POSTAL REGN. No. RNP/KA/BGS/2202/2017-19
Licensed to post without prepayment WPP No. 297
SUNIL GARDE
Digitally signed by SUNIL GARDE
Date: 2021.09.15 17:44:22 +05'30'