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STAMP DUTY INCREASE FROM 01-04-2016

1). Stamp duty on agreement sale of movable property increased from 2% to 3% (Not on Immovable property).

2). Stamp duty on gift among family members increased from Rs. 1,000 to 

(i) in BMRDA/BBMP/city corporation area properties: Rs 5,000. 
(ii) city or town municipal council/town panchayat area properties: Rs 3,000.
(iii) properties in area other than the areas specified in items: Rs 1,000 .

3). Reconstruction stamp duty reduced from 5% to 3%. 

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