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What is stamp duty payable in respect of lease-cum-sale deeds of site, flat, apartments executed by House Building Co-operative Societies in Karnataka?

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Deepthi Deepthi
Answered on December 23,2019

Stamp duty on security deposit is levied in respect of lease cum sale deeds. In respect of sale deeds executed by the House Building Co-operative Societies, in pursuance of lease-cum-sale deeds, deduction of stamp duty will be given to the extent of stamp duty already paid on lease-cum-sale agreement. Additional stamp duty towards infrastructure development corporation at 5 percent on the stamp duty and additional stamp duty towards local bodies shall be paid in addition to the duty payable to Government.

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