BUDGET PROPOSALS FOR 2014-15 EFFECTIVE FROM 01-03-2014
Stamps and Registration
♦ Stamp Duty exemption on subsequent sale deed relating to alternate site allotted by the Bangalore Development Authority, consequent to the denotification of the land.
♦ Stamp Duty exemption on instruments executed between concerned persons under the Aerospace Policy 2013-23.
♦ Provision for remission and reduction of Stamp
Duty on instruments specified in the Government notification dated: 23-04-2003, with retrospective effect.
♦ Reduction in Stamp Duty on Award relating to movable properties from the current 5% to rates ranging from 0.25% to 0.75%, on slab basis.
♦ Stamp Duty at uniform reduced rate of 2% on all Joint development agreements and their consequent Powers of Attorney.