The Karnataka Government has reduced the Stamp Duty from the present 5% to 3% on the budget apartments within the price range of Rs.35 Lakhs to Rs.45 Lakhs in the budget presented few days ago. It is applicable for the first time buyers only. This will help the first time property buyers save 2% on the stamp duty.
Apart from the above benefit, the properties within the range of Rs.25 lakhs, are also eligible for the interest subvention/reduction, as per the schemes announced by the Central Government for the houses and in some cases for the apartments too. Please avail the benefits.