Home |EStamp service | Is it mandatory to pay stamp duty as per the schedule of the Karnataka Stamp Act for a document relating to property situated in Karnataka that is executed in the other State of India? What is the procedure to be followed?

Is it mandatory to pay stamp duty as per the schedule of the Karnataka Stamp Act for a document relating to property situated in Karnataka that is executed in the other State of India? What is the procedure to be followed?

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Nayana Nayana
Answered on December 23,2019

When a document is executed on stamp paper purchased in another state in respect of property situated in Karnataka, if such duty is less than the duty prescribed under the Karnataka Stamp Act, the deficit duty shall be paid. Example: Suppose a power of attorney is executed in favour of a person other than a family member, 2 per cent stamp duty on the value of the property shall be paid after deducting stamp duty if paid already.

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