The Karnataka Stamp (Amendment) Act, 2013

1. Whole schedule has been Substituted by Act 21 of 1979 w.e.f. 31.3.1979.

1[1. Acknowledgment of,—; (i) a debt written or signed by or on behalf of, a debtor in order to supply evidence of such debt in any book (other than a Banker‘s pass book) or on a separate piece of paper when such book or paper is left in the creditors‘ possession and the amount or value of such debt,—

1. (a) exceeds rupees 100 but does not exceed rupees 2[5,000.]2 2[Two rupee.]2

¹ Substituted by Act 8 of 1995 w.e.f. 1.4.1995.; 2. Substituted by Act 7 of 2000 w.e.f. 1.4.2000.; 3. Inserted by Act 6 of 2001 w.e.f. 1.4.2001

¹ Substituted by Act 10 of 1990 w.e.f. 1.4.1990.

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003.; 2. Substituted by Act 04 of 2024 w.e.f. 03.02.2024.

Advocate,- See Certificate of enrolment as an Advocate (No. 17).

¹ Substituted by Act 7 of 2000 w.e.f. 1.4.2000.; 2. Substituted by Act 04 of 2024 w.e.f. 03.02.2024.

4. Affidavit,- including an affirmation or declaration in the case of persons by law allowed to affirm or declare instead of swearing. 2[1[One hundred rupees]1]2

EXEMPTIONS Affidavit or declaration in writing when made,—

1. (a) as a condition of enlistment to the Armed Forces of the Union;
2. (b) for the immediate purpose of being filed or used in any Court or before the officer of any Court; or
3. (c) for the sole purpose of enabling any person to receive any pension or charitable allowance. 5.Agreement or 1[its records or]1 Memorandum of an Agreement,— 2[(a) if relating to the sale of a One rupee for every rupees ten bill of exchange. thousand or part thereof.
4. (b) if relating to the purchase One rupee for every rupees ten or sale of a Government security. thousand or part thereof of the value of the security at the time of its purchase or sale, as the case may be, 21[XXX]21
5. (c) If relating to the purchase or sale of shares, scripts, stocks, bonds, debentures, debenture stocks or any other marketable security of a like nature in or of any in-corporated company or other body corporate,-
   • (i) when such agreement or One rupee for every rupees ten memorandum or an agreement is with thousand or part thereof of the or through a member or between value of the security at the members of Stock Exchange recognised time of its purchase or sale as under the Security Contracts (Regula- the case may be tion) Act, 1956 (XLII of 1956)
   • (ii) In any other case One rupee for every rupees ten thousand or part thereof of the value of the security at the time of its purchase or sale as the case may be.]2 3[(d) if relating to a transaction of The same duty as a conveyance lease-cum-sale in connection with the (20) for a market value equal to the allotment of a building site, with or with- security deposit and the amount of out building thereon, effected by the average annual rent reserved Bangalore Development and the amount under such agreement]3 Authority constituted under the Bangalore Development Authority Act, 1976 (Karnataka Act 12 of 1976), the City Improvement Trust Board, Mysore constituted under the City of Mysore Improvement Act, 1903 (Mysore Act III of 1903), the Karnataka Housing Board constituted under the Karnataka Housing Board Act, 1962, (Karnataka Act 10 of 1963), the Improve-ment Boards constituted under the Karnataka Improvement Boards Act, 1976 (Karnataka Act 11 of 1976) 4[,House Building Co-operative Societies registered under the Karnataka Co-operative Societies Act, 1959 (Karnataka Act 11 of 1959)]4 5[,or the allotment of industrial sheds and plots by the Karnataka Industrial Areas Development Board established under the Karnataka Industrial Area Development Act, 1966 (Karnataka Act 18 of 1966), the Karnataka Small Scale Industrial Development Corporation, the Karnataka State Industrial Investment and Development Corporation and the Karnataka State Electronics Development Corporation, registered as a company under the Companies Act, 1956 (Central Act 1 of 1956), or the allotment of land or site with or without building to the market functionaries in the yard by the Agricultural Produce Market Committees constituted under the Karnataka Agricultural Produce Marketing (Regulation) Act, 1966 (Karnataka Act 27 of 1966)]5 6[,Municipal Corporation constituted under the Karnataka Municipal Corporations Act, 1976, (Karnataka Act 24 of 1978), Municipal Councils or Town Panchayats constituted under the Karnataka Municipalities Act, 1964 (Karnataka Act 22 of 1964), Urban Development Authorities Constituted under the Karnataka Urban Development Authorities Act, 1987 (Karnataka Act 34 of 1987), Grama Panchayats, Taluk Panchayats and Zilla Panchayats constituted under the Karnataka Panchayat Raj Act, 1993 (Karnataka Act 14 of 1993)]6 and such other authorities as may be specified by the Government. 6[(da) Where any instrument of lease- The duty payable shall be as a cum-sale effected by the Bangalore Dev- conveyance [No. 20(3)] for the eploment Authority constituted under the market value equal to the security Bangalore Development Authority Act, deposit and the amount of average 1976 (Karnataka Act 12 of 1976), the annual rent reserved under such Karnataka Housing Board constituted agreement.]6 under the Karnataka Housing Board Act, 1962 (Karnataka Act 10 of 1963) pertaining to premises of a Flat or Apartments. 2[e) If relating to sale. of immovable property wherein part performance of the contract,-
   • (i) possession of the property is Same duty as a conveyance (No. delivered or is agreed to be delivered 20) on the market value of the 20 [before]20 executing the conveyance; property. 7[(ii) possession of the property is not delivered Explanation-I,- When a reference, of a Power of Attorney granted separately by the seller to the purchaser in respect of the property which is the subject matter of such agreement, is made in the agreement, then the possession of the property is deemed to have been delivered for the purpose of this clause. Explanation-II,- For the purpose of clause (e) and clause (h) where subsequently conveyance or mortgage as the case may be, is executed between the same parties in pursuance of such agreement or its records or memorandum, the stamp duty, if any, already paid and recovered on the agreement or its record or memorandum shall be adjusted towards the total duty leviable on the conveyance or mortgage, as the case may be 16[11[provided that the duty paid on power of attorney under Articles 41(e) or 41(eb), as the case may be, is adjustable towards the duty payable on agreement for sale under Article 5(e) or instrument of sale or transfer, as the case may be, executed between the same parties and in respect of the same property] 11] 16 22[fifty paise]22 for every one hundred rupees or part thereof on the market value equal to the amount of consideration 22[but not less than rupees five hundred]22 Provided that if the proper stamp duty is paid on power of attorney under Article 41(e) or 41 (eb) as the case may, be executed between the same parties in respect of the same property, then the stamp duty chargeable on such agreement under Article 5(e) shall not exceed rupees two hundred.]7
6. (b) Where such agreement or Fifty rupees memorandum of an agreement does not relate to monetary transactions or transactions not susceptible to valuation in terms of money 12[(f) XXX] 12 17[14[ (f) If relating to construction or development of immovable property, including a multi unit or multi storied house or building or apartment or flat, or portion of it, executed by and between owner or lessee, as the case may be, and developer, having a stipulation, whether express or implied, that, in consideration of the owner or lessee conveying or transferring or disposing off, in any way, the undivided share or portion of land or immovable property; the developer agrees to convey or transfer or dispose off, in any way, the proportionate or agreed share or portion of the constructed or developed building or immovable property to the owner or lessee, as the case may be. Two Rupees for every one hundred rupees or part thereof, on the Market Value of such undivided share or portion of land or immovable property, consideration and money advanced, if any; or On the Market Value of such share or portion of the constructed or developed building or immovable property, consideration and money advanced, if any; Whichever is higher: Provided that, if the proper stamp duty is paid under clause (ea) of the Article 41 on power of Attorney, executed by and between the same parties and in respect of the same property, then the stamp duty payable on the corresponding Explanation: The term "Developer" includes promoter or builder or by whatever name called. agreement under clause (f) of article 5, shall not exceed rupees two hundred." Explanation: The term "money advanced" in this Article, means and includes the security deposit whether refundable or adjustable. ]15]17 18[(g) if relating to sale of moveable property,-
   • (i) possession of the property is delivered or is agreed to be delivered without executing the conveyance 20[Three per cent]20 of the consideration or market value of the property, whichever is higher : Provided that, where a deed of cancellation of earlier agreement is executed by and between the same parties in respect of the same property and if proper stamp duty has been paid on such agreement, the duty on such "deed of cancellation" shall not exceed rupees five hundred.
   • (ii) possession of the property is not delivered Ten paise for every one hundered rupees or part thereof on the market value equal to the amount of consideration subject to a maximum of rupees twenty thousand but not less than rupees five hundred".]18
7. (h) If relating to the mortgage Same duty as under article 34 (a) or (b) as the case may be. 11[(i) if relating to contract between Depository Participant (as defined in ―The Depository Act, 1996‖) and client, for opening de-mat account
8. (ia) if relating to contract between stock broker or sub broker(agent) and client(principal), for Stock Market operations Rupees fifty Rupees fifty]11 14[(ib) If relating to advertisement or telecasting or broadcasting of programs for promotion and development of business
9. (ic) If relating to assignment or transfer of intellectual property rights (i.e., patent rights, copy rights or trade marks rights.) (i-d) If relating to building Works or labour or services (works contracts)
   • (i) Where the amount or consideration in the One Rupee for every one thousand rupees or part there of on the amount or consideration in the agreement, but not less than Rupees two hundred. One Rupee for every one thousand rupees or part there of on the amount or consideration in the agreement, but not less than Rupees two hundred. 22[Rupees Five hundred]22 agreement does not exceed Rupees ten lakhs
   • (ii) where the amount or consideration in the agreement exceeds Rupees ten lakhs 22[Rupees Five hundred and in addition Rupees Five hundred for every Rupees ten lakhs or part thereof in excess of Rupees ten lakhs, subject to a maximum of Rupees Ten lakhs.]14]22 20[19[(i-e) Chit Agreement, executed in the State of Karnataka under Section 6 of the Chit Funds Act, 1982.-
   • (i) where the value of the chit does not exceed rupees one lakh 22[Rupees five hundred]22
   • (ii) where the value of the chit exceeds rupees one lakh 22[Rupees five hundred plus rupees hundred for every rupees one lakh or part thereof, in excess of rupees one lakh.]19]20]22 13[(j)]13 If not otherwise provided for 22[9[five hundred rupees]9]22 Explanation: 10[(I) x x x]10
   • (II) For the purpose of 8[sub-clause (i) and (ii)]8 of clause (e) and clause (h), where subsequently conveyance or mortgage as the case may be, is executed in pursuance of such agreement or its records or memorandum the stamp duty, if any, already paid and recovered on the agreement or its record or memorandum shall be adjusted towards the total duty leviable on the conveyance or mortgage, as the case may be.]2 EXEMPTIONS Agreement or memorandum of Agreement,- (a)for or relating to the purchase or sale of goods, or merchandise exclusively, not being a note or memorandum chargeable under Article 37. (b)made in the form of tenders to the Central Government, for or relating to any loan. 13. renumbered by Act 8 of 2010 w.e.f.1.4.2010. 1[6. Agreement relating to deposit of title deeds, 2[pawn or pledge]2,- that is to say, any instrument evidencing an agreement relating to,— 11[(1) the deposit of title deeds or instruments constituting or being evidence of the title to any property whatever (other than a marketable security), where such deposit, has been made by way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt; If such loan or debt is repayable on demand from the date of instrument evidencing the agreement,-
   • (i) where the loan or debt amount does not exceed rupees ten lakhs
   • (ii) where the loan or debt amount exceeds rupees ten lakhs 12[0.5 percent]12 on the loan or debt amount subject to a minimum of rupees five hundred 12[0.5 percent of the loan or debt amount]11]12 5[Explanation.- For the purpose of clause (1), notwithstanding anything contained 9[in any law for the time being in force or]9 order of any authority, any letter, note memorandum or writing relating to the deposit of title deeds whether written or made either before or at the time when or after the deposit of title deeds is effected, and whether it is in respect of the security for the first loan or any additional loan or loans taken subsequently, such letter, note, memorandum or writing shall, in the absence of any separate agreement or memorandum of agreement relating to deposit of such title deeds, be deemed to be an instrument evidencing an agreement relating to the deposit of title deeds.]5 10[11[(2) the pawn or pledge of moveable property, where such pawn or pledge has been made by way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt.

¹ Inserted by Act 8 of 1995 w.e.f. 1.4.1995.

² Substituted by Act 8 of 1995 w.e.f. 1.4.1995.

³ Inserted by Act 16 of 1981 w.e.f. 10.9.1980.

⁴ Inserted by Act 10 of 1988 w.e.f. 25.4.1988.

⁵ Inserted by Act 22 of 1997 w.e.f. 29.9.1997.

⁶ Inserted by Act 6 of 1999 w.e.f. 1.4.1999.

⁷ Substituted by Act 16 of 2011 w.e.f.1.4.2011.

⁸ Substituted by Act 7 of 2007 w.e.f. 1.4.2007

⁹ Substituted by Act 9 of 2009 w.e.f.1.4.2009

¹⁰ Omitted by Act 5 of 1998 w.e.f. 1.4.1998.

¹¹ Inserted by Act 8 of 2010 w.e.f.1.4.2010.

¹² Omitted by Act 16 of 2011 w.e.f.1.4.2011.

¹⁴ Inserted by Act 15 of 2012 w.e.f. 1.4.2012.

¹⁵ Inserted by Act 29 of 2013 w.e.f. 1.4.2013.

¹⁶ Substituted by Act 19 of 2014 w.e.f 1.03.2014

¹⁷ Substituted by Act 19 of 2014 w.e.f 1.03.2014

¹⁸ Substituted by Act 16 of 2015 w.e.f. 01.04.2015

¹⁹ Inserted by Act 16 of 2015 w.e.f. 01.04.2015

²⁰ Substituted by Act 07 of 2016 w.e.f. 01.04.2016

²¹ Omitted by Act 04 of 2024 w.e.f. 03.02.2024

²² Substituted by Act 04 of 2024 w.e.f. 03.02.2024

If such loan or debt is repayable on demand or otherwise,- 12[0.5 percent]12 on the loan or debt amount

1. (i) where the loan amount exceeds rupees one lakh but does not exceed rupees ten lakhs
2. (ii) where the loan amount exceeds rupees ten lakhs 12[0.5 percent of the loan or debt amount]11]12

Exemption: Instruments of pawn or pledge of goods or jewels wherein such loan or debt is upto Rupees one lakh‖. Provided that where a fresh instrument of pawn or pledge of movable property is executed for securing repayment of money already advanced by way of loan between the same parties and for the same purpose and for the same amount and the duty in respect of earlier instrument has been paid, then the duty chargeable on such fresh instrument is chargeable as per clause (j) of Article 5 of this Schedule.]10

¹ Substituted by Act 9 of 1997 w.e.f. 1.4.1997.

² Substituted by Act 6 of 1999 w.e.f. 1.4.1999.

³ Substituted by Act 8 of 2008 w.e.f. 1.8.2008.

⁴ Substituted by Act 8 of 2003 w.e.f. 1.4.2003.

⁵ Inserted by Act 7 of 2006 w.e.f. 1.4.2006.

⁶ Omitted by Act 6 of 1999 w.e.f. 1.4.1999.

⁷ Inserted by Act 5 of 1998 w.e.f. 1.4.1998.

⁸ Inserted by Act 6 of 1999 w.e.f. 1.4.1999.

⁹ Substituted by Act 8 of 2010 w.e.f.1.4.2010.

¹⁰ Substituted by Act 15 of 2012 w.e.f.1.4.2012.

¹¹ Substituted by Act 16 of 2015 w.e.f. 01.04.2015

¹² Substituted by Act 04 of 2024 w.e.f. 03.02.2024

7. Appointment in execution of a power,whether of trustees or of proper-ty, movable or immovable, where made by any writing not being a will.

1[One thousand rupees]1

¹ Substituted by Act 7 of 2000 w.e.f. 1.4.2000.

8. Appraisement or valuation,- made otherwise than under an order of the Court in the course of a suit,—

1. (a) where the amount does not The same duty as a Bond (No. 12) for exceed Rs. 1,000 such amount (b) in any other case 2[1[Two hundred rupees]1]2 EXEMPTIONS
2. (a) Appraisement or valuation made for the information of one party only, and not being in any manner obligatory between parties either by agreement or operation of law.
3. (b) Appraisement of crops for the purpose of ascertaining the amount to be given to a landlord as rent. 9. Apprenticeship-deed,- including every writing relating to the service or tuition of any apprentice, clerk or servant placed with any master to learn any pro fession, trade or employment 1[2[rupees one hundred]2]1 Exemption.- Instruments of apprenticeship, by which a person is apprenticed by, or at the charge, of any public charity 1[10. Articles of Association of a Company,- where the company has no share capital or nominal share capital or increased share capital. 4[2[3[Rupees Five thousand for every rupees ten lakhs or part thereof subject to a maximum of rupees One Crore]3]4 Exemption:— Articles of any association not formed for profit and registered under section25 of the Companies Act, 1956. See also Memorandum of Association of a Company (No. 33) Assignment: See Conveyance (No. 20), Transfer (No. 52) and Transfer of lease (No. 53), as the case may be. Authority to Adopt:—See Adoption deed (No. 3)]1 2[1[11. Award,- that is to say, any decision in writing by an arbitrator or umpire, not being an award directing a partition, on a reference made otherwise than by an order of the Court in the course of a suit.
4. (a) If the property, which is the subject matter of award, is immovable property.
5. (b) If the property, which is the subject matter of award, is movable property, The same duty as the conveyance [under Article 20(1)] on the market value of the such property, or consideration, whichever is higher.
   • (i) Where the amount or market value of the property, as set forth in the award, does not exceed Rupees fifty lakhs.
   • (ii) Where the amount or market value of the property exceeds rupees fifty lakhs but does not exceed rupees five Crores.
   • (iii) Where the amount or market value of the property exceeds rupees five Crores. 3[1 % of the amount or market value]3 3[1 % of the amount or market value.‖; and]3. 3[1 % of the amount or market value.; ]1]2]3 1[12.Bond,- defined by section 2(1)(a), not being otherwise provided for by this Act, or by the Karnataka Court fees and Suits Valuation Act, 1958;
6. (a) Where the amount or value secured does not exceed. Rs. 1000 3[2[Two Rupee for every one hundred rupees or part thereof subject to minimum of rupees one hundred.‖; and]2]3
7. (b) Where it exceeds Rs. 1000 3[2[Two Rupee for every one hundred rupees or part thereof subject to minimum of rupees one hundred.‖]2]3 See Administration Bond (No. 2) Bottomary Bond (No. 13), Customs Bond (No. 23) Indemnity Bond (No. 29). Respondentia Bond (No. 46), Security Bond (No. 47) EXEMPTION: Bond, when executed by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per mensem.]1 13. Bottomry Bond,- that is to say, any instrument where by the master of a seagoing ship borrows money on the security of the ship to enable him to preserve the The same duty as Bond ship or prosecute her voyage. (No. 12) for such amount. 1[14 Cancellation of instruments.-
8. (a) Cancellation of any instrument previously executed on which stamp duty has been paid as per any article of the 2[Schedule and not otherwise specifically provided for by the Schedule.]2 3[same duty as on the original instrument if such cancellation has the effect of reconveyance of property already conveyed by the original instrument: Provided that, if the original instrument is a conveyance on sale, then the stamp duty payable on such cancellation instrument is, as per article 20(1), on the market value of the property as on the date of execution of such cancellation.] 3
9. (b) Cancellation of any instrument executed by or on behalf of the Central Government or a Local Authority or other Authority constituted by or under any law for the time being in force or a body corporate wholly owned or 5[five hundred rupees]5 controlled by the Central Government or the State Government.
10. (c) in any other case 3[See also agreement or its records or Memorandum of an Agreement No.(5)(e) (i)]3 Release (No.45) Revocation of Settlement (No.48-B), Surrender of Lease (No.51) 4[XXX]4 5[five hundred rupees]5 Explanation.- If the original instrument has been subjected to determination of the market value under section 45-A of the Act, stamp duty on the cancellation of such instrument shall be the same as determined under section 45-A of the Act. ]1 15.Certificate of sale—(in respect of each property put up as a separate lot and sold) granted to the purchaser of any property sold by public auction by a Court or Tribunal or officer of Government or by any other authority under any enactment.
11. (a) where the purchase money One rupee does not exceed Rs. 10
12. (b) where the purchase money exceeds Rs. 10 but does not exceed One rupee and fifty paise Rs. 25.
13. (c) in any other case The same duty as a conveyance (No.20) for a market value equal to the amount of the purchase money only. 1[16. Certificate or other document,- One rupee for every one thousand evidencing the right or title of the hol der rupees or a part thereof of the value thereof, or any other person either value of the shares, scrip or stock. to any share, scrip or stock in or of any incorporated company or other body corporate, or to become proprietor of share scrip or stock in or of any such company or body. See also letter of Allotment of Shares (No. 31) Explanation: For the purpose of this Article, the value of the share, scrip, or stock includes the amount of premium, if any]1 17. Certificate of enrolment,- in the roll of Advocates prepared and maintained by the State Bar Council under the Advo- 2[1[Two thousand rupees]1]2 cates Act, 1961 (Central Act 25 of 1961) 18. Charter-party that is to say any instrument (except an agreement for the hire of a tug-steamer) whereby a vessel or some specified principal part thereof is let for the specified purposes of the charter, whether it includes a penalty clause or not. 1[2[rupees one hundred]2]1 1[18A. Clearance list,- (1) relating to the The sum of duties chargeable under transactions for the purchase or sale of article 5(b) or Article as the case may Government securities submitted to the be in respect of each of the entries in clearing house of a stock exchange such list on the value of the securities calculated at the making up price or the contract price as the case may be.

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

² Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

¹ Substituted by Act 16 of 2015 w.e.f. 01.04.2015

¹ Substituted by Act 8 of 1995 w.e.f. 1.4.1995.

² Substituted by Act 6 of 2001 w.e.f. 1.4.2001

³ Substituted by Act 16 of 2015 w.e.f. 01.04.2015

⁴ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 9 of 2009 w.e.f. 1.4.2009.

² Substituted by Act 19 of 2014 w.e.f. 1.3.2014.

³ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 10 of 1990 w.e.f. 1.4.1990.

² Substituted by Act 15 of 2012 w.e.f. 1.4.2012.

³ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 7 of 2006 w.e.f. 1.4.2006. 2. Substituted by Act 7 of 2007 w.e.f. 1.4.2007. 3. Substituted by Act 8 of 2010 w.e.f.1.4.2010.

⁴ Omitted by Act 16 of 2011 w.e.f.1.4.2011.

⁵ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 8 of 1995 w.e.f. 1.4.1995

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

² Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

¹ Substituted by Act 16 of 2015 w.e.f. 01.04.2015

1. (2) relating to the transactions for the The sum of duties chargeable under purchase or sale of a share, scrip, stock, Article 5(c)(i) or 37(b), as the case bond, debenture, debenture stock or may be in respect of each of the entother marketable security of a like nature ries in such list on the value of the in or of any incorporate company or other securites calculted at the making up bodycorporate submitted to the clearing price or the contract price, as the case house of a stock exchange recognised may be. under the Securities Contracts (Regulation) Act, 1956.
2. (3) relating to the transactions for the sum of duties chargeable under purchase or sale of a share, scrpit, stock Article 5(c) (i) or 37(b), as the case bond, debenture, debenture stock or may be, in respect of each of the enother marketable security, of a like nature tries in such list on the value of the in or of any incorporated company or securities calculated at the making up body corporate, submitted to the cleran- price or the contract price, as the case ance house of a stock Exchange, not re- may be.]1 recognised under the Securities Contract (Regulation) Act, 1956. 19. Composition-deed,- that is to say, any instrument executed by a debtor, where by he conveys his property, for the benefit of his creditors, or whereby payment of a composition or dividend on their debts is secured to the creditors or whereby provision is made for the continuance of the debtors‘ business, under the supervision of inspectors or under letters of licence, for the benefit of his creditors. 3[1[2[five hundred rupees]2]1]3 8[20 3[(1)]3 For Conveyance.- as defined by clause (d) of section 2, not being a transfer charged or exempted under No.52, on the market value of the property which is the subject matter of conveyance 21[five percent of the value]8]21 5[1[X X X ]1]5 3[2 [X X X ]2] 3 28[7[Provided also that notwithstanding anything contrary contained in this Act, where a lease-cum-sale agreement was in respect of a site allotted by any house Building Cooperative Society registered under the Karnataka Co-operative Societies 4 Act, 1959 (Karnataka Act 11 of 1959), and in furtherance of such agreement a conveyance is subsequently executed, the duty payable on such conveyance shall be on the market value of such site as on the date of execution of the lease-cumsale agreement.]7]28 3[(2) Where it relates to 16[instrument]16 of conveyance executed by a promoter, a land owner, or a developer by whatever name called, pertaining to premises of ‗Flat‘ 26[other than premises of Flat referred in clause (2A)]26 as defined in clause (a) of section 2 of the Karnataka Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1972 (Karnataka Act 16 of 1973) or ‗Apartment‘ as defined in clause (a) of section 3 of the Karnataka Apartment Ownership Act, 1972 (Karnataka Act 17 of 1973) or transfer of share by or in favour of Co-operative Society or Company pertaining to premises or Unit and the market value of the property which is the subject matter of conveyance. 15[the same duty as a conveyance under Article 20(1)]15 17[on the market value equal to the market value of the fully constructed flat or apartment or unit, irrespective of the stage of construction, deeming it as fully constructed]17 Explanation:—
   • (a) ―Premises‖ means and includes undivided interest in the land, building and proportionate share in the common areas:
   • (b) ―Unit‖ includes flat, apartment, tenement, block or any other unit by whatever name called, constructed or under construction in accordance with the sanctioned plan by the authority competent to sanction a building plan under any law for the time being in force:
   • (c) 18[xxx]3]18 26[(2A) where an instrument of conveyance relating to the first sale of flat or apartment, and,- two percent of the value
     • (i) where the market value of which is rupees twenty lakhs or less than twenty lakhs.
     • (ii) where the market value of which is above rupees twenty lakhs but upto and inclusive of thirty five lakhs. three percent of the value]26 27[(iii) where the market value of which is above rupees thirty five lakhs but upto and inclusive of forty five lakhs. three percent of the value]27
3. (3) Where any instrument of conveyance is effected by the Bangalore Development Authority constituted under Bangalore Development Authority Act, 1976 (Karnataka Act 12 of 1976), the Karnataka Housing Board constituted under the Karnataka Housing Board Act, 1962 (Karnataka Act 10 of 1963 pertaining to premises of Flat or Apartment. 10[(4) If relating to an order made by the High Court 25[or appropriate Tribunals or appropriate Authorities under the Companies Act, 2013]25, in respect of; The duty shall be payable at the rates specified under clause (2) of Article 20 on the amount or value of consideration as set forth in the instrument: Provided that in any case where a lease-cum-sale Agreement is executed and is stamped with the ad valorem duty required for such agreement under item (da) of Article 5 and in furtherance of such agreement a conveyance is subsequently executed, the duty on such conveyance shall not exceed rupees fifty or the difference of the duty payable on such conveyance and the duty already collected on the security deposit under item (da) of Article 5, whichever is greater.
   • (i) Amalgamation of Companies, including a subsidiary amalgamating with parent company 30[23[19[16[9[five per cent]16]19]23]30 on the market value of the property]4 of the transferor company, located within the State of Karnataka and transferred to the transferee company; or 30[An amount equal to 19[five percent]19]30 of the aggregate value of shares issued or allotted in exchange, or otherwise and in case of a subsidiary company, shares merged (or cancelled) with parent company and in addition, the amount of consideration if any, paid for such amalgamation; whichever is higher 29[subject to a maximum of rupees twenty five crores.]29
   • (ii) Reconstruction or Demerger of a company 30[23[19[16[10[five per cent]16]19]23]30 on the market value of the property]9 of the transferor company, located within the State of Karnataka, and transferred to the resulting company; or 30[An amount equal to 19[five percent]19]30 of the aggregate value of shares issued or allotted to the resulting company and in addition, the amount of consideration if any, paid for such demerger or reconstruction; -whichever is higher]10 29[subject to a maximum of rupees twenty five crores.]29 20[Explanation:- The term, ―aggregate value of shares‖ for the purpose of Article 20(4) means, the face value of shares or its market value, whichever is higher.]20 6[Exemption:- Amalgamation of sick companies with others, under the orders of Board of Industrial Finance and Reconstruction (BIFR)]6 11[22[(5) Conveyance relating to industrial machinery,-
   • (i) when industrial machinery is treated as movable property 19[Three per cent]19 of consideration or market value of the property, whichever is higher,
   • (ii) when industrial machinery is treated as immovable property Five percent of consideration or market value of the property, whichever is higher".]22 (6)If relating to assignment of receivables 30[Two rupee for every one thousand by the originator to the special purpose rupees or part thereof subject to a vehicle (SPV), or by whatever name they maximum of rupees five lakhs. ]30 are called in the process of securitisation 13[under securitisation and reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002]13 17[(7) conveyance relating to Transferable Development Rights 30[23[five per cent]23]30 on the market value of the Transferable Development Rights equal to the market value of the corresponding portion of the property leading to such Transferable Development Rights, which is the subject matter of conveyance; or consideration for such conveyance; whichever is higher.]17 24[Provided that, if the proper duty is paid under clause(ec) of Article 41 on Power of Attorney, executed by and between the same parties and in respect of the same property, then the duty payable on the corresponding conveyance under Article 20(7), shall not exceed rupees two hundred.]24 1 Deemed to have been inserted by Act 9 of 1979 w.e.f. 27.12.1978 2 Deemed to have been inserted by Act 16 of 1981 w.e.f 10.09.1980 3 Inserted by Act 19 of 1994 w.e.f. 1.4.1994. 4 Inserted by Act 8 of 1995 w.e.f. 1.4.1995 and substituted by Act 6 of 1999 w.e.f. 1.4.1999. 5 Omitted by Act 6 of 2001 w.e.f. 01.04.2001 6 Substituted by Act 8 of 2003 w.e.f. 1.4.2003. 7 Inserted by Act 8 of 2003 w.e.f. 01.04.2003 8 Substituted by Act 7 of 2006 w.e.f.1.4.2006. 9 Substituted by Act 7 of 2007 w.e.f. 1.4.2007. 10 Substituted by Act 8 of 2008 w.e.f. 1.8.2008. 11 Substituted by Act 8 of 2008 w.e.f. 1.8.2008. 12 Substituted by Act 9 of 2009 w.e.f. 1.4.2009. 13 Inserted by Act 9 of 2009 w.e.f.1.4.2009. 14 Deemed to have been omitted by Act 20 of 2009 w.e.f.04.06.2009. 15 Deemed to have been substituted by Act 20 of 2009 w.e.f.04.06.2009. 16 Substituted by Act 8 of 2010 w.e.f. 1.4.2010. 17 Inserted by Act 8 of 2010 w.e.f. 1.4.2010. 18 Omitted by Act 8 of 2010 w.e.f.1.4.2010. 19 Substituted by Act 16 of 2011 w.e.f.1.4.2011. 20 Inserted by Act 16 of 2011 w.e.f.1.4.2011. 21 Substituted by Act 15 of 2012 w.e.f. 1.4.2012. 22 Substituted by Act 16 of 2015 w.e.f. 01.04.2015 23 Substituted by Act 07 of 2016 w.e.f. 01.04.2016 24 Inserted by Act 07 of 2016 w.e.f. 01.04.2016. 25 Substituted by Act 17 of 2017 w.e.f.01.04.2017 26 Deemed to have been inserted by Act 55 of 2020 w.e.f. 19.11.2020 27 Inserted by Act 26 of 2021 w.e.f. 05.10.2021 28 Substituted by Act 11 of 2022 w.e.f. 05.03.2022 29 Inserted by Act 12 of 2022 w.e.f. 05.03.2022 30 Substituted by Act 04 of 2024 w.e.f. 03.02.2024 1[21. Copy or extract,- certified to be true copy or extract by or by order of any public officer and not chargeable under the law for the time being in force relating to the Court fees:
   • (i) if the original was not chargeable with duty, or if 2[Twenty rupees]2. the duty with which it was chargeable does not exceed five rupees.
   • (ii) in any other case 2[Fifty rupees]2 EXEMPTION:
   • (a) Copy of any paper which a public officer is expressly required by law to make or furnish for record in any public office or for any public purpose.
   • (b) Copy of or extract from any register relating to the births, baptisms, namings, dedications, marriages, divorces, deaths or burials.]1 22. Counterpart or duplicate—of any instruments, chargeable with duty and in respect of which the proper duty has been paid
   • (a) if the duty with which the original instruments is chargeable does not exceed The same duty as payable on the 2[five hundred rupees]2 original. (b)in any other case 3[1[2[one thousand rupees]2]1]3 EXEMPTION Counterpart of any lease granted to a cultivator when such lease is exempted from duty. 23. 2[customs bond or excise bond]2
   • (a) where the amount does not exceed The same duty as a Bond (No. 12) Rs. 1,000. for such amount
   • (b) in any other case 1[One hundred rupees]1 Declaration of any Trust, see Trust (No. 54). 24. Delivery-order in respect of Goods, that is to say, any instrument entitling any person, therein named, or his assignees or the holder thereof to the delivery of any goods lying in any dock or port, in any warehouse in which goods are stored or deposited on rent or hire, or upon any wharf such instrument being signed by or on behalf of the owner of such goods upon the sale or transfer of the property therein, 3[One rupee for every one thousand rupees or part thereof on the value of such goods]3 1[x x x]1 Rupee one 4[XXX]4 Rupees five for every rupees one thousand or part thereof]2 Deposit of title deeds See Agreement relating to Deposit of Title-deeds, Pawn or pledge (No. 6). Dissolution of partnership,- See partnership (No. 40) 3[Exemption.- Goods imported which are exempted from levy of customs duty by the Government of India]3 25. Divorce,-instrument of that is to say, any instrument by which any person effects the dissolution of his marriage. 2[1[Five hundred rupees]1]2 Dower,—Instrument of —See settlement (No.48) Duplicate,—See Counterpart (No. 22) 26. Exchange of property,—Instrument The same duty as a conveyance of Extract—See Copy (No. 21). (No. 20) for a market value equal to the Market value of the property of greatest value which is the subject matter of exchange 27. Further charge,—Instrument ofthat is to say, any instrument imposing a further charge on mortgaged property. (a) when the original mortgage is The same duty as a conveyance one of the description referred to in clause (No. 20) for a market value equal to
   • (a) of article No. 34 (that is, with the amount of the further charge possession). secured by such instrument.
   • (b) when such mortgage is one of the description referred to in clause (b) of article No. 34 (that is, without possession)
     • (i) if at the time of execution of The same duty as a conveyance (No. the instrument of further charge posses- 20) for a market value equal in the session of the property is given or agre- total amount of the charge (including ed to be given under such instrument. the original mortgage and any further charge already made) less the duty already paid on such original mortgage and further charge. 1[(ii) if possession is not given and not being a hypothecation. 2[Fifty paise for every one hundred rupees for the amount of the further charge secured by such instrument,]2
     • (iii) for hypothecation Same duty as sub-clause (d) of Article No. 34 for the amount of the further charge secured by such instrument.]1 1[28. Gift-instrument of,- not being a settlement (No. 48) or will or transfer (No.52)
   • (a) Where the donee is not a family The same duty as a Conveyance member of the doner. (Article No. 20) for a market value equal to the market value of the property which is the subject matter of gift: Provided that where an instrument of gift contains any provision for the revocation of the gift, the value of the property which is the subject matter of the gift, shall for the purposes of duty be determined as if no such provision were contained in the instrument. 2[(b) Where the donee is a member of the family of the donor 5[(i) If the property is situated within the limits of Bangalore Metropolitan Regional Development Authority or Bruhat Bangalore Mahanagara Palike or City Corporation … Rupees five thousand;
     • (ii) If the property is situated within the limits of City or Town Municipal Council or Town Panchayat area …Rupees three thousand;
     • (iii) If the property is situated within the limits other than the limits specified in items (i) and (ii) …... Rupees one thousand; Provided that, if the property is situated in any of the combinations of limits, mentioned in items (i), (ii) and (iii) above the duty payable shall be the maximum of the duties specified in items (i), (ii) and (iii) above.]5 Explanation: Family in relation to the donor for this purpose means 4[father, mother,]4 husband, wife, son, daughter, 3[daughter-in-law, brothers, sisters]3 and grand children]2]1 29. Indemnity Bond The same duty as a Security Bond (No. 47) for the same amount. Inspectorships Deed-See Composition Deed (No. 19) 30. 1[(1) Lease of immoveable property including an under-lease or sub-lease and any agreement to let or sub-let where by such lease, the rent is fixed, or fine or premium or money advanced or security deposit (as the case may be) is paid or delivered,- 7[(i)where the lease purports to be for a term not exceeding one year in case of residential property (ii)where the lease purports to be for a term not exceeding one year in case of commercial or industrial property (iii)where the lease purports to be for a term exceeding one year and not exceeding ten years (iv)where the lease purports to be for a term exceeding ten years and not exceeding twenty years (v)where the lease purports to be for a term exceeding twenty years and not exceeding thirty years
     • (vi) where the lease purports to be for a term exceeding thirty years or in perpetuity or does not purport to be for any definite term fifty paise for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, subject to a maximum of rupees five hundred fifty paise for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, one rupee for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, two rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, three rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, the same duty as conveyance under article 20(1) on the total amount or value of, average annual rent, fine, premium and money advanced; or on the market value of the property; whichever is higher.]7 Provided that in any case when an agreement to lease is stamped with the ad valorem stamp required for a lease and a lease in pursuance of such agreement is subsequently executed, the duty on such lease shall not exceed rupees fifty: Provided further that the duty in respect of an instrument of lease executed in favour of the wife, husband, father, mother, son, daughter, brother or sister in relation to the person shall be 8[(i) If the property is situated within the limits of Bangalore Metropolitan Regional Development Authority or Bruhat Bangalore Mahanagara Palike or City Corporation … Rupees five thousand;
     • (ii) If the property is situated within the limits of City or Town Municipal Council or Town Panchayat area …Rupees three thousand;
     • (iii) If the property is situated within the limits other than the limits specified in items (i) and (ii) …... Rupees one thousand; Provided that, if the property is situated in any of the combinations of limits, mentioned in items (i), (ii) and (iii) above the duty payable shall be the maximum of the duties described in items (i), (ii) and (iii) above.]8 Explanation.- The term ―money advanced‖ in this Article means and includes the security deposit whether refundable or adjustable towards the rent.]1 8[(2) lease of moveable property including an under lease or sublease and any agreement to let or sub let,— (a)where by such lease the rent is fixed and no premium is paid or delivered,—
     • (i) where the lease purports to One rupee for every hundred rupees be for a term not exceeding ten years or part thereof on the ten years average annual rent reserved, subject to a maximum of rupees two lakhs.
     • (ii) where the lease purports to One rupee and fifty paise for every be for a term exceeding ten years hundred rupees or part thereof on the average annual rent reserved, subject to a maximum of rupees two lakhs. (b)where the lease is granted One rupee and fifty paise for every for a fine or premium or for money adv- hundred or part thereof on the amount anced and where no rent is reservedof such fine or premium or advance as setforth in the lease, subject to a maximum of rupees two lakhs. (c)where the lease is granted One rupee and fifty paise for every for a fine or premium or for money adv- hundred rupees or part thereof on the anced in addition to rent reserved. amount of such fine or premium or advance as setforth in the lease in addition to the duty which would have been payable on such lease, if no fine or premium or advance had been paid or delivered, subject to a maximum of rupees two lakhs: 9[Provided that in respect of lease of industrial machinery the maximum duty chargeable shall be rupees ten thousand.]9 10[Provided further that]2 in any case when an agreement to lease is stamped with advalorem stamp required for a lease and a lease in pursuance of such agreement is subsequently executed, the duty on such lease shall not exceed rupees fifteen.]10]8

¹ Inserted by Act 8 of 1995 w.e.f. 1.4.1995

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

² Substituted by Act 16 of 2015 w.e.f. 01.04.2015

³ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 10 of 1990 w.e.f. 1.4.1990

² Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003.

² Substituted by Act 9 of 2009 w.e.f.1.4.2009.

³ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

² Substituted by Act 15 of 2012 w.e.f. 1.4.2012

¹ Omitted by Act 7 of 2000 w.e.f. 1.4.2000

² Substituted by Act 7 of 2000 w.e.f. 1.4.2000

³ Inserted by Act, 19 of 2014 w.e.f. 1.03.2014.

⁴ Omitted by Act 19 of 2014 w.e.f 1.03.2014.

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

² Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 6 of 1999 w.e.f. 1.4.1999

² Substituted by Act 8 of 2003 w.e.f. 1.4.2003

¹ Substituted by Act 6 of 1999 w.e.f 1.4.1999

² Substituted by Act 6 of 2001 w.e.f. 1.4.2001

³ Substituted by Act 7 of 2007 w.e.f. 1.4.2007.

⁴ Inserted by Act 9 of 2009 w.e.f.1.4.2009.

⁵ Substituted by Act 07 of 2016 w.e.f. 01.04.2016

¹ Substituted by Act 9 of 2009 w.e.f.1.4.2009

² Inserted by Act 8 of 2003 w.e.f. 1.4.2003

³ Omitted by Act 8 of 2008 w.e.f. 1.8.2008

⁴ Inserted by Act 9 of 1997 w.e.f. 1.4.1997

⁵ Inserted by Act 5 of 1998 w.e.f. 1.4.1998

⁶ Substituted by Act 5 of 1998 w.e.f. 1.4.1998

⁷ Substituted by Act 8 of 2010 w.e.f. 1.4.2010

⁸ Substituted by Act 7 of 2016 w.e.f. 1.4.2016

1[Description of Instrument Proper Stamp Duty

"(3) Notwithstanding anything contained in clause (1) and (2) above, in respect of,-; (a) Mine Development and Production Agreement (MDPA) and or Mining Lease granted through auctions:-

1. (i) where the lease purports to be for a term exceeding one year and not exceeding ten years. One rupee for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment based on the final price offer obtained in the auction calculated on the estimated average annual production as per the approved mining plan.
2. (ii) where the lease purports to be for a term exceeding ten years and not exceeding twenty years Two rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment based on the final price offer obtained in the auction calculated on the estimated average annual production as per the approved mining plan.
3. (iii) where the lease purports to be Three rupees for every one hundred

for a term exceeding twenty years and not exceeding thirty years rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment based on the final price offer obtained in the auction calculated on the estimated average annual production as per the approved mining plan.

1. (iv) where the lease purports to be for a term exceeding thirty years or in perpetuity or does not purport to be for any definite term. Five rupees for every one hundred rupees or part thereof on the total amount or value of; four times the average annual royalty and four times the average annual payment based on the final price offer obtained in the auction calculated on the estimated average annual production as per the approved mining plan; Provided that in any case when Mine Development And Production Agreement (MDPA) is duly stamped with the ad valorem stamp required for MDPA as well as for a mining lease and a mining lease in pursuance of such Mine Development And Production Agreement is subsequently executed, the duty on such mining lease shall not exceed rupees fifty: (b): Mine Development and Production Agreement (MDPA) and or Mining Lease granted other than by auctions.
2. (i) where the lease purports to be for a term exceeding one year and not exceeding ten years. One rupee for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment as share of value of mineral calculated on the estimated average annual production as per the approved mining plan, premium, money advanced, security deposit and fine.
3. (ii) where the lease purports to be for a term exceeding ten years and not exceeding twenty years Two rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment as share of value of mineral calculated on the estimated average annual production as per the approved mining plan, premium, money advanced, security deposit and fine.
4. (iii) where the lease purports to be for a term exceeding twenty years and not exceeding thirty years Three rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual royalty and average annual payment as share of value of mineral calculated on the estimated average annual production as per the approved mining plan, premium, money advanced, security deposit and fine.
5. (iv) where the lease purports to be for a term exceeding thirty years or in perpetuity or does not purport to be for any definite term. Five rupees for every one hundred rupees or part thereof on the total amount or value of; four times the average annual royalty and four times the average annual payment as share of value of mineral calculated on the estimated average annual production as per the approved mining plan, premium, money advanced, security deposit and fine; or on the value of Estimated Resources whichever is higher;; Provided that in any case when Mine Development And Production Agreement (MDPA) is duly stamped with the ad valorem stamp required for MDPA as well as for mining lease and a mining lease in pursuance of such Mine Development And Production Agreement is subsequently executed, the duty on such mining lease shall not exceed rupees fifty:; Explanation: (1) The term "money advanced and security deposit" in this Article means and includes the money advanced and security deposit including performance guarantee whether refundable or adjustable towards any other payments.; (2) "Value of Estimated Resources" shall have the same meaning as that in the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016.]1 31. Letter of allotment of shares,- in any company or proposed company or in respect of any loan to be raised by any company or proposed company. 2[1[Ten rupee]1]2 See also certificate or other Document (No. 16) Letter of GuaranteeSee Agreement (No. 5) 32.letter of licence-that is to say, any agreement between a debtor and his creditors that the latter shall for a specified time, suspend their claims and allow the debtor to carry on business at his own discretion. 1[One hundred rupees]1 1[32-A Licence of immovable or moveable property.- That is to say licence granted by owner or authority for rent or fee or by whatever name it is called and money advanced or security deposit2[or for carrying on manufacture, trade, business or profession]2,- (i)where the license purports to be for a term not exceeding one year in case of residential property (ii)where the license purports to be for a term not exceeding one year in case of commercial or industrial property (iii)where the license purports to be for a term exceeding one year and not exceeding ten years (iv)where the license purports to be for a term exceeding ten years and not exceeding twenty years (v)where the license purports to be for a term exceeding twenty years and not exceeding thirty years fifty paise for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, subject to a maximum of rupees five hundred fifty paise for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, 2[subject to a minimum of rupees fifty]2 one rupee for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, 2[subject to a minimum of rupees one hundred]2 two rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced, 2[subject to a minimum of rupees two hundred]2 three rupees for every one hundred rupees or part thereof on the total amount or value of; the average annual rent, premium, fine and money advanced. 2[subject to a minimum of rupees three hundred]2]1 1[33. Memorandum of Association of a company,—

¹ Inserted by Act 21 of 2016 w.e.f 22.06.2016.

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

² Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

¹ Substituted by Act 8 of 2010 w.e.f. 1.4.2010

² Inserted by Act 16 of 2015 w.e.f. 01.04.2015

1. (a) if accompanied by Articles of 3[2[Five thousand rupees]2]3 Association under section 26 of the Companies Act, 1956 (Central Act 1 of 1956)
2. (b) if not so accompanied The same duty as under Article (No. 10) according to the share capital of the company. Exemption:— Memorandum of any Association not formed for profit and registered under section 25 of the Companies Act, 1956, (Central Act 1 of 1956)]1 34. Mortgage deed,- not being an agreement relating to 1[Deposit of title deeds, 2[pawn or pledge]2 (No. 6)]1, Bottomry Bond (No. 13), Mortgage of a Crop (No. 35), Respondentia Bond (No. 46), or Security Bond (No. 47)
3. (a) When possession of the prop perty The same duty as conveyance or any part of the property comprised (No. 20) for a market in such deed is given by the mortg- value equal to the amount agor or agreed to be given. secured by such deed.
4. (b) When possession is not given 3[Fifty paise for every or agreed to be given as aforesaid 1[and hundred rupees or part thereof not being a hypothecation]1 for the amount secured by such deed]3 EXPLANATION—A mortgagor who gives to the mortgagee a power of attorney to collect rents or a lease of the property mortgaged or part thereof is deemed to give possession thereof within the meaning of this article. 2[(c) When a collateral or auxiliary or additional or substituted security, or by way of further assurance for the above mentioned purpose, where the principal or primary security is duly stamped.
   • (i) for every sum secured not 5[3[Fifty rupees]3]5 exceeding Rs. 1,000.
   • (ii) for every Rs. 1,000 or part there- 5[3[Fifty rupees plus five rupee for every of, secured in excess of Rs.1000. rupees one thousand or part thereof in excess of rupees one thousand. ]3]5 4[(d) for hypothecation of movable property,If the loan or debt is repayable on demand
   • (i) where the loan amount does not exceeds rupees ten lakhs
   • (ii) where the loan amount exceeds rupees ten lakhs 5[Rupees fifty for every rupees ten thousands or part thereof]5 5[Rupees fifty for every rupees ten thousands or part thereof]5 EXEMPTION

¹ Substituted by Act 8 of 1995 w.e.f. 1.4.1995.

² Substituted by Act 8 fo 2003 w.e.f. 1.4.2003.

³ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 8 of 1995 w.e.f. 1.4.1995.

² Substituted by Act 6 of 1999 w.e.f. 1.4.1999.

³ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

⁴ Substituted by Act 16 of 2015 w.e.f. 01.04.2015

⁵ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

1. (1) Instruments executed by persons taking advances under the Karnataka Land Improvement Loans Act, 1963 (Karnataka Act 16 of 1963), the Karnataka Agriculturists Loans Act, 1963 (Karnataka Act 17 of 1963) or by their sureties as security for the repayment of such advances,
2. (2) Letter of hypothecation accompanying a bill of exchange. 35. Mortagage of a crop,-including any instrument evidencing an agreement to secure the repayment of a loan made upon any mortgage of a crop whether the crop is or is not in existence at the time of the mortgage,—
   • (a) when the loan is repayable not more than three months from the date of the instrument,for every sum secured not exceedingRs. 200 Fifty paise and for every Rs. 200 or part thereof secured in excess of Rs. 200 Fifty paise (b)when the loan is repayable more than three months but not more than eighteen months from the date of the instrument for every sum secured not exceeding Rs. 100 1[fifty paise]1 and for every Rs. 100 or part thereof secured in excess of Rs. 100. 1[fifty paise]1 36. Notarial act,- that is to say, any instrument, endorsement, note, attention, certificate or entry not being a protest (No. 42) made or signed by a Notary Public in the execution of the duties of his office or by any other person lawfully acting as a Notary Public See also Protest of Bill or Note (No. 42). 1[XXX]1 1[37. Note or Memorandum or record of transactions (Electronic or otherwise).- Sent by a broker or agent to his principal intimating the purchase or sale on account of such principal or effected by a trading member(agent) through stock exchange or association or otherwise on behalf of the client(principal) resident in the State of Karnataka or otherwise
   • (a) Of any 2[Goods or commodities or currencies]2 3[Thirty paise for every ten thousand or part thereof on the value of goods or commodities or currencies.]3
   • (b) Of any share, scrip, stock, bond, debenture, debenture stock or other marketable security of a like nature, not being a government security 3[Thirty paise for every ten thousand or part thereof on the value of such security at the time of its purchase or sale, as the case may be. ]3
   • (c) of a Government Security 3[Thirty paise for every ten thousand or part thereof on the value of such security at the time of its purchase or sale, as the case may be. ]3
   • (d) Of securities other than those falling under clause (b) above, in respect of either delivery or non delivery based (jobbing and trading) 3[Thirty paise for every ten thousand or part thereof. ]3 transactions
   • (e) Of futures and options trading, of securities other than those falling under clause (b) above,: 3[Thirty paise for every ten thousand or part thereof.; and]3
   • (f) Of forward contracts of commodities: 3[Thirty paise for every ten thousand or part thereof.]3 Explanation: For the purposes of clauses (b), (d) and (e) , ―securities‖ means, the securities as defined in clause (h) of section (2) of the Securities Contract (Regulation) Act, 1956. Exemptions:
3. (1) note or Memorandum sent by a broker or agent to his principal intimating the purchase or sale on account of such principal or a Government security or a share, scrip, stock, bond, debenture, debenture stock or other marketable security of like nature in or of any incorporated company or other body corporate, an entry relating to which is required to be made in clearance lists described in clauses (1), (2) and
4. (3) of Article 18-A.
5. (2) note or Memorandum sent by a broker or agent to his principal in any of the above cases, when the amount stated in the instrument is less than rupees one hundred. 38. Note of Protest,- by the Master of a ship 1[fifty rupees]1 See also Protest by the Master of a ship (No. 43) 39. 1[Partition-Instrument,- of, as defined by clause
   • (K) of sub-section (1) of section 2.
   • (a) where the property involved in the partition is converted for non-agricultural purpose or is meant for non-agricultural use. (1)if the property is situated in the 3[Rupees Five thousand for each jurisdiction of Municipal Corporation or share]3 Urban Development Authorities or Municipal Councils or Town Panchayats. (2)If the property is situated in the 3[Rupees Three thousand for each areas other than those mentioned in sub- share]3 clause (1) above .
   • (b) where the property involved in 3[Rupees One thousand for each the partition is agricultural land share]3
   • (c) where the property involved in 3[Rupees One thousand for the partition is moveable or money each share]3
   • (d) where the property involved in Maximum of the duties described the partition belongs to any of the in sub-clause (a), (b) or (c) above combinations of categories ment- for each share.]1 ioned in sub-clause (a), (b) and (c) above. Provided always that;
   • (a) when an instrument of partition containing an agreement to divide property in severalty is executed and a partition is effected in pursuance of such agreement the duty chargeable upon the instrument effecting such partition shall be reduced by the amount of duty paid in respect of the first instrument but shall not be less than 1[fifty rupees]1; 2[(b) x x x]2
   • (c) where a final order for effecting partition passed by any revenue authority or any Civil Court or an award by an arbitrator directing a partition, is stamped with the stamp required for an instrument of partition and an instrument of partition in pursuance of such order or award is subsequently executed the duty on such instrument shall not exceed 1[fifty rupees]1 1[40 Partnership:— 4[ A. Instrument of Constitution Rupees Two Thousand.]4
   • (a) Where the capital of the 3[five hundred rupees]3 partnership does not exceed 3[rupees fifty thousand]3
   • (b) In any other case 3[2[two thousand rupees]2]3 B. Reconstitution:—
   • (a) Where immovable property 5[4[Five per cent]4]5 contributed as share by a partner on the market value of the immor partners remains with the firm ovable property remaining with the at the time of outgoing in whatever firm. manner by such partner or partners on reconstitution of such partnership firm.
   • (b) In any other case 5[3[two thousand rupees]3]5 C. Dissolution of:(a)Where the property which 5[4[five per cent on]4]5 belonged to one partner or partners for a market value equal to the market when the partnership commenced value of the property distributed or is distributed or alloted or given to alloted or given to partner under the another partner or partners. instrument of dissolution, in addition to the duty which would have been chargeable on such dissolution if such property had not been distributed or alloted or given.
   • (b) In any other case 5[3[two thousand rupees.]1]3]5 1[40A Limited Liability Partnership,- A. constitution of Limited Liability Partnership, or conversion of firm/private company/unlisted public limited company into limited liability partnership,
   • (a) where the capital does not exceed rupees ten lakhs 3[Rupees five thousand]3
   • (b) where the capital exceeds rupees ten lakhs; for every rupees five lakh of part thereof exceeding rupees ten lakhs 3[2[Rupees five thousand plus rupees five lakhs for every rupees ten lakhs capital amount, subject to a maximum of rupees Twenty five lakhs]2]3 B. Reconstruction or amalgamation of Limited Liability Partnership 3[2[five percent]2]3 on the consideration or market value of the property whichever is higher of the transferor limited liability partnership located within the State of Karnataka" ]1 41. Powers of attorney,—(as defined by section 2(1)(P) not being a proxy,—
   • (a) when executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one or more such documents 15[five hundred rupees]15
   • (b) when authorising one person or more to act in a single transaction other than the case mentioned in Clause (a) 15[1[five hundred rupees]1]15
   • (c) when authorising not more than five persons to act jointly and severally in more than one transaction or generally 15[2[five hundred rupees]2]15
   • (d) when authorising more than five but not 15[2[one thousand rupees]2]15 more than ten persons to act Jointly and severally in more than one transaction or generally; 3[(e) when given for consideration or when coupled with interest and authorizing the attorney to sell any The same duty as a Conveyance [under Article 20(1)] on consideration or on market value of immovable property; the property (which is the subject matter of such power of attorney), whichever is higher.] 3 8[(ea) XXX]8 13[11[ (ea) If relating to construction or development of immovable property, including a multi unit or multi storied house or building or apartment or flat, or portion of it, executed by and between owner or lessee, as the case may be, and developer, having a stipulation, whether express or implied, that, in consideration of the owner or lessee conveying or transferring or disposing off, in any way, the undivided share or portion of land or immovable property; the developer agrees to convey or transfer or dispose off, in any way, the proportionate or agreed share or portion of the constructed or developed building or immovable property to the owner or lessee, as the case may be. Explanation: The tern "Developer" includes promoter or builder or by whatever name called. 13[4[Provided that the duty paid on agreement for sale under Article 5(e) or instrument of sale or transfer as the case may be, is adjustable towards the duty payable on such power of attorney under Article 41 (e), executed between the same parties and in respect of the same property]4]13 Two Rupees for every one hundred rupees or part thereof, on the Market Value of such undivided share or portion of land or immovable property, consideration and money advanced, if any; or On the Market Value of such share or portion of the constructed or developed building or immovable property, consideration and money advanced, if any; whichever is higher. Provided that, if the proper stamp duty is paid under clause (f) of the Article 5 on an agreement for sale, executed by and between the same parties and in respect of the same property, then the stamp duty payable on the corresponding power of attorney under clause (ea) of article 41, shall not exceed rupees two hundred." Explanation: The term "money advanced" in this Article, means and includes the security deposit whether refundable or adjustable.]12]13 5[(eb) When given to a person other 6[the same duty as a conveyance under than the father, mother, wife or husb- Article 20(1)]6 on the market value of the and, sons, daughters, brothers, sisters property which is the subject matter in relation to the executant authorising of the power of attorney such person to sell immoveable property situated in Karnataka State 13[4[Provided that the duty paid on agreement for sale under Article 5(e) or instrument of sale or transfer as the case may be is adjustable towards the duty payable on such power of attorney under Article 41 (eb), executed between the same parties and in respect of the same property]4]5]13 14[(ec) When given to person other than the father, mother, wife or husband, sons, daughters, brothers, sisters in relation to the executant authorising such person to sell Transferable Development Rights relating to immovable property situated in Karnataka State. The same duty as a conveyance under Article 20(7) on the market value of the property which is the subject-matter of Power of Attorney:]14 9[(f) When executed by a principal or client for the sole purpose of authorizing the agent or broker to carry out all lawful acts and deeds relating to his / her trading operations including sale / purchase of marketable securities, transfer of securities towards stock exchange, receiving / releasing funds and securities from / to other parties on behalf of the principal or client. 15[one hundred rupees]15
   • (g) When executed by a principal or client for the sole purpose of authorizing the depository participant to carry out all lawful acts and deeds relating to his/her demat account as per the bye-laws of the depositories / regulations governing such operations. 15[one hundred rupees]9]15 10[(h)]10 in any other case 15[7[five hundred rupees]7]15 N.B. The term ―Registration‖ includes every operation incidental to registration under the Registration Act, 1908. (Central Act 16 of 1908). Explanation—‗For the purposes of this article more persons than one when belonging to the same firm shall be deemed to be one person‘ 6. Deemed to have been substituted by Act 20 of 2009 w.e.f. 4.6.2009. 42. protest of bill or note,—that is to say, any declaration in writing made by a Notary Public or other person lawfully acting as such, attesting the dishonour of a bill of exchange or promissory note 1[Ten rupees]1 43. Protest by the master of a ship,— that is to say, any declaration of the particulars of her voyage drawn up by him with a view to the adjustment of losses or the calculation of averages and every declaration in writing made by him against the charterers or the consignees for not loading or unloading the ship when such declaration is attested or certified by a Notary Public or other person lawfully acting as such. 1[Fifty rupees]1 See also Note of Protest by the Master of a ship (No. 38) 44. Reconveyance of mortgaged property,(a) the consideration for which The same duty as a conveyance the property was mortgaged does not (No.20) for a market value equal to the exceed Rs. l,000. amount of such consideration as set forth in the re-conveyance. 1[(b) in any other case 2[Two hundred rupees]1]2 45. Release, that is to say, any instrument (not being such a release as is provided for by section 24,) whereby a person renounces a claim upon another person or against any specified property: 6[(a) where the release is not between the family members The same duty as a Conveyance [under Article No.20(1)] on the market value of the property or on the amount or value of claim or part of claim renounced, as the case may be (which is the subject matter of release) or consideration for such release, whichever is higher.]6 4[(b) Where the release is between the family members 7[(i)If the property is situated within the limits of Bangalore Metropolitan Regional Development Authority or Bruhat Bangalore Mahanagara Palike or City Corporation ……Rupees five thousand; (ii)If the property is situated within the limits of City or Town Municipal Council or Town Panchayat area …………. Rupees three thousand; (iii)If the property is situated within the limits other than the limits specified in items (i) and (ii) …………………. Rupees one thousand; Provided that, if the property is situated in any of the combinations of limits, mentioned in items (i), (ii) and (iii) above the duty payable shall be the maximum of the duties specified in items (i), (ii) and (iii) above.]7 Explanation.- family in relation to a person for the purpose of clause (b) means husband, wife, son, daughter, father, mother, brother, 6[wife / children of predeceased brother]6 sister, 6[husband/ children of predeceased sister]6 wife of a predeceased son and children of a predeceased son or predeceased daughter."]4]2 5[(c)Release of mortgage rights or lien Same duty as bond (No. 12) subject a maximum of 8[rupees two hundred]5]8 46. Respondentia bond,- that is to say any instrument securing loan on the cargo laden or to be laden on board a ship and making repayment contingent on the arrival of the cargo at the port of destination. The same duty as a Bond (No.12) for the amount of the loan secured. Revocation of any Trust or settlement See settlement (No. 48) Trust (No. 54) 47. Security bond or mortgage-deed,- executed by way of security for the due execution of an office, or to account for money or other property received by virtue thereof, or execution by a surety to secure the due performance of a contract. 1[ (a) when the amount secured does not exceed rupees one thousand 2[Two rupees]2 for every rupees one hundred or part thereof
   • (b) in any other case 2[Rupees five hundred]1]2 EXEMPTION Bond or other instrument, when executed,-
   • (a) by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per mensem,
   • (b) under No. 3A of the rules made under section 70 of the Bombay Irrigation Act, 1879,
   • (c) by persons taking advances under the Karnataka Land Improvement Loan Act, 1963 (Karnataka Act 16 of 1963), the Karnataka Agriculturists Loans Act, 1963 (Karnataka Act 17 of 1963) or by their sureties as security for the repayment of such advances.
   • (d) by officers of Government or their sureties to secure the due execution of an office or the due accounting for money or other property received by virtue thereof. 48. Settlement,- 1[A. Instrument of (including a deed of dower)
     • (i) Where the disposition is not for the purpose of distributing the property of the settlor among his family The same duty as a conveyance (Article No. 20), for a market value equal to the market value of the property, which is the subject matter of settlement: Provided that, where an agreement to settle is stamped with the stamp duty required for an instrument of settlement and an instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not exceed fifty rupees. 2[(ii) Where the disposition is for the purpose of distributing the property of the settler among the members of his family:- Explanation.- For the purpose of this sub-clause family in relation to settler means 5[father, mother]5 husband, wife, son, daughter, 3[daughter -in- law, brothers, sisters]3 and grand children. ]2 Exemption.- Deed of dower executed on the occasion of a marriage between muhammadans.]1 4[B. Revocation of The same duty as a conveyance (No. 20) for a sum equal to the amount or value of the property concerned, in the 6[(i)If the property is situated within the limits of Bangalore Metropolitan Regional Development Authority or Bruhat Bangalore Mahanagara Palike or City Corporation ……Rupees five thousand; (ii)If the property is situated within the limits of City or Town Municipal Council or Town Panchayat area …………. Rupees three thousand; (iii)If the property is situated within the limits other than the limits specified in items (i) and (ii) …………………. Rupees one thousand; Provided that, if the property is situated in any of the combinations of limits, mentioned in items (i), (ii) and (iii) above the duty payable shall be the maximum of the duties specified in items (i), (ii) and (iii) above.]6 Instrument of revocation, but no exceeding two hundred rupees]4 49.Share warrants—To bearer iss- ued under the Companies Act, 1956 (Central Act I of 1956) EXEMPTIONS Share warrant when issued by a company in pursuance of section 114 of the Companies Act, 1956, to have effect only upon payment as composition for that duty to the Deputy Commissioner of Stamp-revenue, of,— (a)one and a half per-centum of the whole subscribed capital of the company, or (b)if any company which has paid the said duty or composition in full subsequently issues an addition to its subscribed capital one and a half per-centum of the additional capital so issued. 50. Shipping order,- for or relating to the conveyance of goods on board of any vessel. One and a half times the duty payable on a conveyance (No. 20) for a market value equal to the nominal amount of the shares specified in the warrant. 1[Two rupees]1 51. Surrender of lease
   • (a) when the duty with which the lease is chargeable does not exceeded The duty with which such lease is twenty-two rupees and fifty paise chargeable.
   • (b) In any other case 2[1[two hundred rupees.]1]2 EXEMPTION Surrender of lease, when such lease is exempted from duty. 52. Transfer.—(Whether with or without consideration), 1[(a)of debentures, being marketable Fifty paise for every rupees one securities, whether the debenture is, hundred or part thereof subject to liable to duty or not a maximum of one thousand rupees for a consideration equal to the face value of the debenture.]1
   • (b) of any interest secured by a bond, mortgage- deed or policy of insurance,—
     • (i) if the duty on such bond, The duty with which such bond, mortgage-deed or policy does not - or policy of insurance mortgage deed; is chargeable. exceed twenty-two rupees and fifty paise
     • (ii) in any other case 6[2[two hundred rupees]2]6
   • (c) of any property under section 25 of the Administrator Generals Act, 1963 6[2[two hundred rupees]2]6 3[(d) of any trust property from one trust to another trust or from Trust to trustee or beneficiary, or from trustee to trust or trustee or beneficiary, as the case may be. The same duty as a conveyance [under Article 20 (1)] on the market value of the property (which is the subject matter of such transfer) or consideration for such transfer, whichever is higher. Provided that for the public religious 4[or]4 charitable trusts, the duty for such transfer shall be rupees one thousand.]3 5[Explanation: For the purpose of this clause ―Trust‖ means ―a trust shall include any entity that has been registered under the provisions of section 12AA or 12AB of the Income Tax Act 1961 (Central Act No 43 of 1961).]5 EXEMPTIONS Transfers by endorsement
   • (a) of a bill of exchange, cheque or promissory note
   • (b) of a bill of lading, delivery order, warrant for goods or other mercantile document of title to goods. (c)of a policy of insurance
   • (d) of securities of the Central Government or of State Government(See also section 8) 1[53 Transfer of lease.- by way of assignment and not by way of under lease.
   • (a) Where the remaining period of lease does not exceed 30 years The same duty as conveyance [No.20(1)] for a market value equal to the amount of consideration.
   • (b) Where the remaining period of lease exceeds 30 years. The same duty as conveyance [No.20(1)] on the market value of the property which is the subject matter of transfer.]1 1[53A.Transfer of Licence Same duty as conveyance (No. 20)]1 1[54 Trust,Declaration of or concerning, any property when made by any writing not being a Will.-
     • (i) When the Trust is made exclusively for public religious and charitable purposes. 2[Rupees Two Thousand]2
     • (ii) When the Trust is made for the management & custody of properties, for the purpose of distributing the benefits/profits of the property to the beneficiaries and where there is no transfer/ disposition of property, in any way. (iii)When the trust made involves the transfer/ disposition of property in any way; 2[Rupees Two Thousand]2 The same duty as conveyance [under Article No. 20(1)] on the amount and the market value of the property, which is the subject matter of such transfer / disposition.] 1 55. Warrant for goods,- that is to say, any instrument evidencing the title of any person therein named or his assigns, or the holder thereof, to the property in any goods lying in or upon any dock, warehouse or wharf, such instrument being signed or certified by or on behalf of the person in whose custody such goods maybe. 2[3[Fifty rupees]3]2. 1[Note x x x]1 1[56. if relating to bank guarantee,0
     • (i) if relating to paper bank guarantee Rupees three hundred
     • (ii) if relating to e-bank guarantee Rupees two hundred]1 NOTIFICATIONS I Bangalore, 12th May 1958 (Vishaka 22nd, Saka Era 1880). [No. RD 6 (A) SPS 58] In exercise of the powers conferred by sub-section (3) of Section 1 of the Mysore Stamp Act, 1957 (Mysore Act No. 34 of 1957), the Government of Mysore hereby appoints the 1st day of June 1958 as the date on which the said Act shall come into force. By Order and in the name of the Governor of Mysore, (K. BALASUBRAMANYAM) Secretary to Government, Revenue Department. (Published in the Karnataka Gazette, PART IV—2-C, dated 22.5.1958.) II Bangalore dated 27th October 1966, [No. RD 184 EST 66.]. S.O. 5614.—In exercise of the powers conferred by sub-section (2) of Section 1 of the Mysore Stamp (Amendment) Act, 1966 (Mysore Act 17 of 1966), the Government of Mysore hereby appoints the 15th day of November 1966 as the date on which the said Act shall come into force. By Order and in the name of the Governor of Mysore, (K. C. PUTTANARASIAH) Under Secretary. III Bangalore, dated 30th November, 1971.[ No. RD 116 FST 71] S.O. 2000.—In exercise of the powers conferred by sub-section (2) of section 1 of the Mysore Stamp (Amendment) Act, 1971 (President‘s Act No. 17 of 1971), the Government of Mysore hereby appoints the first day of December 1971 as the date on which the said Act shall come into force. By Order and in the name of the President of India, (K. BALASUBRAMANYAM) Commissioner for Land Reforms and Ex-Officio Secretary to Government, Revenue Department. IV Bangalore, dated 11th April, 1991.[No. RD 90 ESR 91] In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Karnataka Stamp (Amendment) Act, 1975 (Karnataka Act 12 of 1975), the Government of Karnataka hereby specify that section 5 of the said Act shall come into force on the 1st April 1991 in other areas of the State except the areas to which the said section has already brought into force. By Order in the name of the Governor of Karnataka, (PRADEEP S. RAJANAL) Under Secretary to Government, Revenue Department. V Bangalore, dated 24th February, 2009.[No. RD 108 MUNOMU 2008] In exercise of the powers conferred by sub section (2) of section 1 of the Karnataka Stamp (Second Amendment) Act, 2007 (Karnataka Act No. 1 of 2008) the Government of Karnataka hereby appoints the 1st day of April 2003 as the date on which the said Act shall be deemed to have come into force By Order in the name of the Governor of Karnataka, (T.K. RAMACHANDRA) Under Secretary to Government, Revenue Department (Stamps and Registration). * KARNATAKA ACT NO 29 OF 2013 (First Published in the Karnataka Gazette Extra-ordinary on the eleventh day of March, 2013) THE KARNATAKA STAMP (AMENDMENT) ACT, 2013 (Received the assent of the Governor on the fifth day of March, 2013) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing ; Be it enacted by the Karnataka State Legislature in the sixty-fourth year of the Republic of India as follows :- 1. Short title and commencement.- (1) This Act may be called the Karnataka Stamp (Amendment) Act, 2013.
6. (2) It shall come into force with effect from the first day of April 2013. [In schedule Article 5(f) and Article 41 (ea) incorporated in the Principal Act. KARNATAKA ACT NO 19 OF 2014 (First Published in the Karnataka Gazette Extra-ordinary on the Twenty–eighth day of February, 2014) THE KARNATAKA STAMP (AMENDMENT) ACT, 2014 (Received the assent of the Governor on the Twenty–eighth day of February, 2014) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the sixty-fifth year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Amendment) Act, 2014.
7. (2) It shall come into force with effect from the first day of March 2014. In schedule Article 9(1)(a), 5(i)(e)&(f), 11, 24, 41 incorporated in the Principal Act. KARNATAKA ACT NO 3 OF 2015 (First Published in the Karnataka Gazette Extra-ordinary on the Eighth day of January, 2015) THE KARNATAKA STAMP (SECOND AMENDMENT) ACT, 2014 (Received the assent of the Governor on the seventh day of January, 2015) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the sixty-fifth year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Second Amendment) Act, 2014.
8. (2) It shall be deemed to have come into force with effect from the first day of October, 2014. Section 9 is incorporated in the Principal Act. By Order and in the name of the Governor of Karnataka, S.B. GUNJIGAVI Secretary to Government Department of Parliamentary Affairs KARNATAKA ACT NO. 16 OF 2015 (First Published in the Karnataka Gazette Extra-ordinary on the thirty first day of March, 2015) THE KARNATAKA STAMP (AMENDMENT) ACT, 2015 (Received the assent of the Governor on the thirty first day of March, 2015) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the sixty-sixth year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Amendment) Act, 2015.
9. (2) It shall come into force with effect from the first day of April 2015. In the Schedule, Articles 5, 6, 9, 10, 18, 19, 20, 32A,34, 37, 38, 40, 43, 47, 55 are Incorporated in the Principal Act KARNATAKA ACT NO 7 OF 2016 (First Published in the Karnataka Gazette Extra-ordinary on the Thirty First day of March, 2016) THE KARNATAKA STAMP (SECOND AMENDMENT) ACT, 2016 (Received the assent of the Governor on the Thirty First day of March, 2016) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Sixty-seventh Year of Republic of India as follows:- 1. Short title and Commencement.- (1) This Act may be called the Karnataka Stamp (Second Amendment) Act, 2016.
10. (2) It shall come into force with effect from the first day of April, 2016. Section 9 and schedule in article 5, 20, 28, 30, 40, 41,45 and 48 are incorporated in the Principal Act. 4. Validation.- Notwithstanding anything contained in Section 9 of the Principal Act, as existed prior to commencement of this Act, the exemption or remission of stamp duty granted under Notification No. RD 71 MuNoMu 2014, dated 10-02-2016, shall be deemed to be valid and effective and have been granted under Section 9, as amended by this Act. KARNATAKA ACT NO 9 OF 2016 (First Published in the Karnataka Gazette Extra-ordinary on the First day of April, 2016) THE KARNATAKA STAMP (AMENDMENT) ACT, 2016 (Received the assent of the Governor on the Thirty First day of March, 2016) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the sixty-seventh year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp ( Amendment) Act, 2016.
11. (2) It shall come into force at once. Section 9 is incorporated in the Principal Act. KARNATAKA ACT NO 10 OF 2016 (First Published in the Karnataka Gazette Extra-ordinary on the First day of April, 2016) THE KARNATAKA STAMP (THIRD AMENDMENT) ACT, 2016 (Received the assent of the Governor on the Thirty First day of March, 2016) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the sixty-seventh year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Third Amendment) Act, 2016.
12. (2) It shall come into force at once.. Section 9 is incorporated in the Principal Act. KARNATAKA ACT NO 21 OF 2016 (First Published in the Karnataka Gazette Extra-ordinary on the Twenty Seventh day of July, 2016) THE KARNATAKA STAMP (FOURTH AMENDMENT) ACT, 2016 (Received the assent of the Governor on the Twenty Sixth day of July, 2016) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Sixty-seventh Year of Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp ( Fourth Amendment) Act, 2016.
13. (2) It shall be deemed to have come into force with effect from the 22nd day of June, 2016. article 30 of the schedule is incorporated in the Principal Act. 3. Repeal and savings.- (1) The Karnataka Stamp (Amendment) ordinance, 2016 (Karnataka ordinance 2 of 2016) is hereby repealed.
14. (2) Notwithstanding such repeal anything done or any action taken under the Principal Act as amended by the said Ordinance shall be deemed to have been done or taken under the principal Act as amended by this Act. KARNATAKA ACT NO. 17 OF 2017 (First Published in the Karnataka Gazette Extra-ordinary on the 31st day of March, 2017) THE KARNATAKA STAMP (AMENDMENT) ACT, 2017 (Received the assent of Governor on the 31st day of March, 2017) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Sixty-eighth Year of Republic of India as follows:- 1. Short title and commencement.- (1) This Act may be called the Karnataka Stamp (Amendment) Act, 2017.
15. (2) It shall come into force with effect from the first day of April, 2017. Sections 30, 52-A, 52-B and the schedule are incorporated in the Principal Act. KARNATAKA ACT NO. 32 OF 2017 (First Published in the Karnataka Gazette Extra-ordinary on the 3rd day of July, 2017) THE KARNATAKA STAMP (SECOND AMENDMENT) ACT, 2017 (Received the assent of Governor on the 29th day of June, 2017) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the sixty-eighth year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Second Amendment) Act, 2017.
16. (2) It shall come into force at once. Section 9 is incorporated in the Principal Act. KARNATAKA ACT NO. 45 OF 2020 (First Published in the Karnataka Gazette Extra-ordinary on the 19th Day of October, 2020) The Karnataka Stamp (Amendment) Act, 2020 (Received the assent of the Governor on the 19th day of October 2020) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Seventy first year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Amendment) Act, 2020.
17. (2) It shall come into force at once. Section 9 is incorporated in the principal Act. KARNATAKA ACT NO. 55 OF 2020 (First Published in the Karnataka Gazette Extra-ordinary on the 30th day of December, 2020) The Karnataka Stamp (Second Amendment) Act, 2020 (Received the assent of the Governor on the 30th day of December, 2020) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Seventy first year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Second Amendment) Act, 2020.
18. (2) It shall be deemed to have been come into force with effect from 19th November, 2020. Section 9 and Schedule are incorporated in the principal Act. 4. Repeal and savings.-(1) The Karnataka Stamp (Amendment) Ordinance, 2020 (Karnataka Ordinance 24 of 2020) is hereby repealed.
19. (2) Notwithstanding such repeal, anything done or any action taken under the principal Act, as amended by the said Ordinance, shall be deemed to have been done or taken under principal Act, as amended by this Act. By Order and in the name of the Governor of Karnataka, (K. DWARAKANATH BABU) Secretary to Government Department of Parliamentary Affairs and Legislation KARNATAKA ACT NO. 26 OF 2021 (First Published in the Karnataka Gazette Extra-ordinary on the 5th Day of October 2021) THE KARNATAKA STAMP (AMENDMENT) ACT, 2021 (Received the assent of the Governor on the 1st day of October, 2021) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Seventy second year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Amendment) Act, 2021.
20. (2) It shall come into force at once. 2. Amendment of Schedule.- In the Karnataka Stamp Act, 1957, (Karnataka Act 34 of 1957), in the schedule, in article 20, in clause (2A), after sub-clause (ii) and the entries relating thereto, the following shall be inserted namely:-
    • (iii) where the market value of which is above rupees thirty five lakhs but upto and inclusive of forty five lakhs. three percent of the value By Order and in the name of the Governor of Karnataka, G. SRIDHAR Secretary to Government Department of Parliamentary Affairs and Legislation KARNATAKA ACT NO. 11 OF 2022 (First Published in the Karnataka Gazette Extra-ordinary on the 5th Day of March, 2022) THE KARNATAKA STAMP (AMENDMENT) ACT, 2022 (Received the assent of the Governor on the 4th day of March, 2022) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Seventy third year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Amendment) Act, 2022.
21. (2) It shall come into force at once. 2. Amendment of section 2.- In the Karnataka Stamp Act, 1957, (Karnataka Act 34 of 1957) (hereinafter referred to as the Principal Act), in section 2, in sub-section (1), for clause (r), the following shall be substituted, namely:- “(r) “Stamp” means impressed stamp or digital e-stamp which is generated electronically and “Stamp paper” means a paper bearing the impressed stamp.” 3. Amendment of section 9.- In the Principal Act, in section 9, in sub-section (1), in clause (a), after the last proviso, the following shall be inserted, namely:- "Provided also that the State Government may, in public interest, by notification, remit, during the policy period of five years from the date of 04-11-2019 or till a new policy is announced, stamp duty payable on the instruments to be specified therein, executed by or in favour of the eligible enterprises, in connection with the Karnataka New Textile and Garment Policy, 2019-24, specified in the Government Order No. CI 115 JAKAIEE 2017, dated: 04.11.2019 or specified by the State Government from time to time subject to production of certificate to that effect from the Prescribed Authority.” 4. Amendment of Schedule.- In the Principal Act, in the schedule, in Article 20, in column (3), for the second proviso, the following shall be substituted, namely:- “Provided also that notwithstanding anything contrary contained in this Act, where a leasecum-sale agreement was in respect of a site allotted by any house Building Co-operative Society registered under the Karnataka Co-operative Societies Act, 1959 (Karnataka Act 11 of 1959), and in furtherance of such agreement a conveyance is subsequently executed, the duty payable on such conveyance shall be on the market value of such site as on the date of execution of the lease-cumsale agreement”. By Order and in the name of the Governor of Karnataka, G. SRIDHAR Secretary to Government Department of Parliamentary Affairs and Legislation KARNATAKA ACT NO. 12 OF 2022 (First Published in the Karnataka Gazette Extra-ordinary on the 5th Day of March, 2022) THE KARNATAKA STAMP (SECOND AMENDMENT) ACT, 2022 (Received the assent of the Governor on the 4th day of March, 2022) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Seventy third year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Second Amendment) Act, 2022.
22. (2) It shall come into force at once. 2. Amendment of schedule.- In the Karnataka Stamp Act, 1957, (Karnataka Act 34 of 1957) in schedule, in article 20, in clause (4),-
    • (i) in sub-clause (i), in column (3), at the end, after the words ―whichever is higher‖ the words "subject to a maximum of rupees twenty five crores‖ shall be inserted; and
    • (ii) in sub-clause (ii), in column (3), before explanation, after the words ― whichever is higher‖ the words ― subject to a maximum of rupees twenty five crores‖ shall be inserted. By Order and in the name of the Governor of Karnataka, G. SRIDHAR Secretary to Government Department of Parliamentary Affairs and Legislation KARNATAKA ACT NO. 31 OF 2022 (First Published in the Karnataka Gazette Extra-ordinary on the 13th day of October, 2022) THE KARNATAKA STAMP (THIRD AMENDMENT) ACT, 2022 (Received the assent of the Governor on the 12th day of October, 2022) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Seventy third year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Third Amendment) Act, 2022.
23. (2) It shall come into force at once. 2. Amendment of Schedule.- In the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), in the schedule, in article 52, in clause (d),(i) in the proviso for the word ―and‖ the word ―or‖ shall be substituted; and (ii) after the proviso as so amended the following shall be inserted, namely:- ―Explanation: For the purpose of this clause ―Trust‖ means ―a trust shall include any entity that has been registered under the provisions of section 12AA or 12AB of the Income Tax Act 1961 (Central Act No 43 of 1961).‖ By Order and in the name of the Governor of Karnataka, G. SRIDHAR Secretary to Government Department of Parliamentary Affairs and Legislation KARNATAKA ACT NO. 03 OF 2023 (First Published in the Karnataka Gazette Extra-ordinary on the 12th Day of January, 2023) THE KARNATAKA STAMP (FOURTH AMENDMENT) ACT, 2022 (Received the assent of the Governor on the 11th day of January, 2023) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Seventy third year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Fourth Amendment) Act, 2022.
24. (2) It shall come into force at once. 2. Amendment of section 9.-In the Karnataka Stamp Act, 1957, (Karnataka Act 34 of 1957), in section 9, in sub-section (1), in clause (a), after the last proviso, the following shall be inserted, namely:- "Provided also that, the State Government may, in public interest, remit the Stamp duty payable on loan agreements executed by the Street Vendors under the scheme of PM SVANidhi (PM Street Vendor‘s Atmanirbhar Nidhi).‖ By Order and in the name of the Governor of Karnataka, G. SRIDHAR Secretary to Government Department of Parliamentary Affairs and Legislation KARNATAKA ACT NO. 04 OF 2024 (First Published in the Karnataka Gazette Extra-ordinary on the 3rd day of February, 2024) THE KARNATAKA STAMP (AMENDMENT) ACT, 2023 (Received the assent of the Governor on the 3rd day of February, 2024) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) for the purposes herein after appearing; Be it enacted by the Karnataka State Legislature in the Seventy fourth yearof the Republic India as follows:- 1. Short title and commencement.- (1) This Act may be called the KarnatakaStamp (Amendment) Act, 2023.
25. (2) It shall come into force at once. 2. Amendment of section 30.- In the Karnataka Stamp Act, 1957, (Karnataka Act 34 of 1957) (hereinafter referred to as the Principal Act) in section 30, in clause (a), for Article No. [52] (b) and the entries relating thereto, the following shall be substituted, namely:- “No. [52] (b) (Transfer of any interest secured by a bond, mortgage deed or policy of insurance), No. [56] (if relating to paper bank guarantee and e-bank guarantee).-” 3. Amendment of the Schedule.- In the Principal Act, in the Schedule,-
    • (i) in Article 3, in column (3), for the words “five hundred rupees”, the words “one thousand rupees” shall be substituted.
    • (ii) in Article 4, in column (3), for the words “twenty rupees”, the words “Onehundred rupees” shall be substituted.
    • (iii) in Article 5,-
    • (a) in clause (b), in column (3), the words “subject to a maximum of rupees one thousand” shall be omitted;
    • (b) in clause (e), in sub-clause (ii), in column (3), for the words, “ten paise”, the words, “fifty paise” shall be substituted, and for the words “subject to a maximum of rupees twenty thousand but not less than rupees Five hundred”, the words “but not less than rupees Five hundred” shall be substituted;
    • (c) in clause (i-d),-
      • (i) in sub-clause (i), in column (3), for the words, “Rupees One hundred”, the words “Rupees Five hundred” shall be substituted; and
      • (ii) in sub-clause (ii) for the entries in column (3), the the followingshall be substituted, namely:- “Rupees Five hundred and in addition Rupees Five hundred for every Rupees ten lakhs or part thereof in excess of Rupees ten lakhs, subject to amaximum of Rupees Ten lakhs.”;
    • (d) in clause (i-e),-
      • (i) in sub-clause (i), in column (3), for the words, “Rupees One hundred”, the words, “Rupees Five hundred” shall be substituted; and
      • (ii) in sub-clause (ii)), for the entries in column (3), the followingshall be substituted, namely:- “Rupees Five hundred plus rupees hundred for every rupees one lakh orpart thereof, in excess of rupees one lakh.”
    • (e) in clause (j), in column (3), for the words, “two hundred rupees” the words, “five hundred rupees” shall be substituted.
      • (iv) in Article 6,-
    • (a) in clause (1),-
      • (i) in sub-clause (i), in column (3), for the figures and words, “0.1 percent”, the figures and words “0.5 percent”, shall be substituted;
      • (ii) in sub-clause (ii), for the entries in column (3), the followingshall be substituted, namely:“0.5 percent of the loan or debt amount”;
    • (b) in clause (2),-
      • (i) in sub-clause (i) in column (3), for the figures and words, “0.1 percent”, the figures and words “0.5 percent”, shall be substituted; and
      • (ii) in sub-clause (ii)), for the entries in column (3), the followingshall be substituted, namely:“0.5 percent on the loan or debt amount”.
      • (v) in Article 8, in clause (b), in column (3) of, for the words “one hundred rupees”, the words “two hundred rupees” shall be substituted.
      • (vi) In Article 10, for the entries in column (3), the following shall be substituted, namely:- “Rupees Five thousand for every rupees ten lakhs or part thereof subject toa maximum of rupees One Crore.”
      • (vii) In Article 11, in clause (b),-
    • (a) in sub-clause (i), in column (3), for the words and figures “3/4 % of the amount or market value”, the words and figures “1 % of the amount or market value.”, shall be substituted;
    • (b) in sub-clause (ii), for the entries in column (3), the following shall be substituted, namely:- “1 % of the amount or market value.”; and
    • (c) in sub-clause (iii), for the entries in column (3), the following shall be substituted, namely:- “1 % of the amount or market value.”
      • (viii) in Article 12,-
    • (a) in clause (a), for the entries in column (3), the following shall be substituted, namely:- “Two Rupee for every one hundred rupees or part thereof subject to minimum of rupees one hundred.”; and
    • (b) in clause (b), for the entries in column (3), the following shall be substituted, namely:- “Two Rupee for every one hundred rupees or part thereof subject to minimum of rupees one hundred.”
      • (ix) in Article 14,-
    • (a) in clause (b), in column (3), for the words, “One hundred rupees.”, the words “Five hundred rupees”, shall be substituted; and
    • (b) in clause (c), in column (3), for the words, “One hundred rupees.”, the words, “Five hundred rupees”, shall be substituted.
      • (x) in Article 17, in column (3), for the words “Five hundred rupees.”,the words, “Two thousand rupees”, shall be substituted.
      • (xi) in Article 19, in column (3), for the words “Two hundred rupees.”,the words “Five hundred rupees”, shall be substituted.
      • (xii) in Article 20,-
    • (a) in clause (4),-
      • (i) in sub-clause (i), in column (3), for the words, “three percent”, the words, “five percent” shall be substituted and for the words “An amount equal to one per cent”, the words, “An amount equal to five per cent”, shall be substituted; and
      • (ii) in sub-clause (ii) in column (3), for the words, “three percent”, the words “five percent” shall be substituted, and for the words, “An amount equal to one per cent”, the words, “An amount equal to five per cent”, shall be substituted;
    • (b) in clause (6), for the entries in column (3), the following shall be substituted, namely:- “Two rupee for every one thousand rupees or part thereof subject to a maximum of rupees five lakhs.”;
    • (c) in clause (7), in column (3), for the words “three percent”, the words “five percent”, shall be substituted.
      • (xiii) in Article 21,-
    • (a) in clause (i), in column (3), for the words, “five rupees”, the words, “twenty rupees” shall be substituted; and
    • (b) in clause (ii), in column (3), for the words, “ten rupees”, the words, “fifty rupees”, shall be substituted.
      • (xiv) in Article 22, in clause (b), in column (3), for the words “five hundred rupees”, the words, “one thousand rupees”, shall be substituted.
      • (xv) in Article 25, in column (3), for the words “one hundred rupees”, the words “five hundred rupees” shall be substituted.
      • (xvi) in Article 31, in column (3), for the words “one rupee”, the words “ten rupees” shall be substituted.
      • (xvii) in Article 33, in clause (a), in column (3), for the words “One thousand rupees”, the words, “Five thousand rupees”, shall be substituted. (xviii) in Article 34,-
    • (a) in clause (c),-
      • (i) in sub-clause (i), in column (3), for the words “ten rupees”, the words “fifty rupees”, shall be substituted;
      • (ii) in sub-clause (ii), for the entries in column (3), the following shall be substituted, namely:- “Fifty rupees plus five rupees for every rupees one thousand or part thereof in excess of rupees one thousand.”;
    • (b) in clause (d),(i) in sub-clause (i), for the entries in column (3), the following shall be substituted, namely:“Rupees fifty for every rupees ten thousand or part thereof.”; and (ii) in sub-clause (ii), for the entries in column (3), the following shall be substituted, namely:- “Rupees fifty for every rupees ten thousand or part thereof.” (xix) in Article 39,-
    • (a) in clause (a),-
      • (i) in sub-clause (1), in column (3), for the words “Rupees one thousand for each share”, the words “Rupees Five thousand for each share.”, shall be substituted;
      • (ii) in sub-clause (2), in column (3), for the words “Rupees five hundred for each share.”, the words, “Rupees Three Thousand for each share.” shall be substituted;
    • (b) in clause (b), in column (3), for the words “Rupees two hundred and fiftyfor each share”, the words “Rupees One thousand for each share.”, shall be substituted; and
    • (c) in clause (c), in column (3), for the words, “Rupees two hundred and fiftyfor each share”, the words, “Rupees One thousand for each share.”, shall be substituted.
      • (xx) in Article 40.-
    • (a) in clause (B), in sub-clause (a), in column (3), for the words “three percent”, the words “five percent”, shall be substituted;
    • (b) in clause (B), in sub-clause (b), in column (3), for the words “One thousand rupees”, the words, “two thousand rupees”, shall be substituted;
    • (c) in clause (C), in sub-clause (a), in column (3), for the words “three percent”, the words “five percent”, shall be substituted; and
    • (d) in clause (C), in sub-clause (b), in column (3), for the words “Onethousand rupees”, the words “two thousand rupees”, shall be substituted.
    • (xxi) in Article 40-A,(a) in clause (A),-
      • (i) in sub-clause (a), in column (3), for the words “One thousand rupees”, the words “five thousand rupees”, shall be substituted;
      • (ii) in sub-clause (b), for the entries in column (3), the following shall be substituted, namely:- “Rupees Five thousand plus rupees one thousand for every rupees five lakhsor part thereof, exceeding rupees ten lakhs capital amount, subject to a maximum of rupees Twenty five lakhs.”; and
    • (b) in clause (B), in column (3), for the words, “three percent”, the words, “five percent”, shall be substituted.
    • (xxii) in Article 41,-
    • (a) in clause (a), in column (3), for the words “one hundred rupees”, the words “five hundred rupees”, shall be substituted;
    • (b) in clause (b), in column (3), for the words, “one hundred rupees”, the words “five hundred rupees”, shall be substituted;
    • (c) in clause (c), in column (3), for the words, “one hundred rupees”, the words “five hundred rupees”, shall be substituted;
    • (d) in clause (d), in column (3), for the words, “two hundred rupees”, the words, “one thousand rupees”, shall be substituted;
    • (e) in clause (f), in column (3), for the words “rupees fifty”, the words “onehundred rupees”, shall be substituted;
    • (f) in clause (g), in column (3), for the words, “rupees fifty”, the words “one hundred rupees”, shall be substituted; and
    • (g) in clause (h), in column (3), for the words, “two hundred rupees”, the words, “five hundred rupees”, shall be substituted. (xxiii) in Article 44, in clause (b), in column (3), for the words “one hundred rupees”, the words “two hundred rupees”, shall be substituted.
    • (xxiv) in Article 45, in clause (c), in column (3), for the words “ rupees one hundred”, the words “rupees two hundred”, shall be substituted.
    • (xxv) in Article 47,-
    • (a) in clause (a), in column (3), for the words "Fifty paise”, the words “two rupees”, shall be substituted; and
    • (b) in clause (b), in column (3), for the words, “rupees two hundred”, the words, “rupees five hundred”, shall be substituted.
    • (xxvi) in Article 51, in clause (b), in column (3), for the words, “one hundredrupees”, the words “two hundred rupees”, shall be substituted. (xxvii) in Article 52,-
    • (a) in clause (b), in sub-clause (ii), in column (3), for the words “one hundred rupees”, the words “two hundred rupees”, shall be substituted; and
    • (b) in clause (c), in column (3), for the words “one hundred rupees”, the words “two hundred rupees”, shall be substituted. (xxviii) in Article 54,-
    • (a) in clause (i), in column (3), for the words, “Rupees One Thousand.”, the words, “Rupees Two Thousand.”, shall be substituted; and
    • (b) in clause (ii), in column (3), for the words, “Rupees One Thousand.”, the words, “Rupees Two Thousand.”, shall be substituted.
    • (xxix) after Article 55 the following shall be inserted, namely ; “56. if relating to bank guarantee,-
      • (i) if relating to paper bank guarantee Rupees three hundred
      • (ii) if relating to e-bank guarantee Rupees two hundred By Order and in the name of the Governor of Karnataka, G. SRIDHAR Secretary to Government Department of Parliamentary Affairs and Legislation. KARNATAKA ACT NO. 23 OF 2024 (First Published in the Karnataka Gazette Extra-ordinary on the 10th day of June, 2024) THE KARNATAKA STAMP (AMENDMENT) ACT, 2024 (Received the assent of the Governor on the 21st day of March, 2024) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) for the purposes herein after appearing; Be it enacted by the Karnataka State Legislature in the Seventy fifth yearof the Republic India as follows:- 1. Short title and commencement.- (1) This Act may be called the KarnatakaStamp (Amendment) Act, 2024.
26. (2) It shall come into force at once. 2. Amendment of section 10A.- In the Karnataka Stamp Act, 1957, (Karnataka Act 34 of 1957) in section 10A, in sub-section (1), the words “or by demand draft or by pay order drawn on a branch of any scheduled bank” and the words “or upon production of demand draft or pay order as the case may be” shall be omitted. By Order and in the name of the Governor of Karnataka, G. SRIDHAR Secretary to Government Department of Parliamentary Affairs and Legislation KARNATAKA ACT NO. 30 OF 2025 (First Published in the Karnataka Gazette Extra-ordinary on the 7th day of April, 2025) THE KARNATAKA STAMP (AMENDMENT) ACT, 2025 (Received the assent of the Governor on the 5th day of April, 2025) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Seventy sixth year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Amendment) Act, 2025.
27. (2) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint. 2. Amendment of section 2.- In the Karnataka Stamp Act, 1957, (Karnataka Act 34 of 1957) (hereinafter referred to as the Principal Act), in section 2, in sub-section (1),-
    • (i) in clause (e), after the words “instrument bears impressed stamp” the words “or digital e-stamp”, shall be inserted;
    • (ii) for clause (f) the following shall be substituted, namely:“(f) “executed” and “execution”, used with reference to instruments, mean “signed” and “signature” and also includes electronic signature within the meaning as defined in the Information Technology Act, 2000 (Central Act 21 of 2000).”; and
    • (iii) in clause (h),(a) sub-clause (i) shall be omitted; and (b) in sub-clause (ii), after the words “a certificate or endorsement” the words “generated electronically with digital signature and” shall be inserted. 3. Amendment of section 10.- In the Principal Act, in section 10, after sub-section (3), the following shall be inserted, namely:- “(4) Subject to the rules made under sub-sections (1), (2) and (3), the State Government in this behalf, may prescribe the procedure for the payment of Stamp Duty by electronic means to the Government Treasury and for indicating such payment of Stamp Duty for the instrument.” 4. Omission of section 10-A.- In the Principal Act, section 10-A shall be omitted. By Order and in the name of the Governor of Karnataka, G. SRIDHAR Secretary to Government Department of Parliamentary Affairs and Legislation

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003

¹ Omitted by Act 16 of 2011 w.e.f. 1.4.2011.

¹ Substituted by Act 8 of 2010 w.e.f.1.4.2010.

² Substituted by Act 15 of 2012 w.e.f. 1.4.2012.

³ Substituted by Act 17 of 2017 w.e.f. 01.04.2017

¹ Substituted by Act 16 of 2015 w.e.f. 01.04.2015

¹ Substituted by Act 6 of 1999 w.e.f. 1.4.1999

² Omitted by Act 6 of 1999 w.e.f. 1.4.1999.

³ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 8 of 1995 w.e.f. 1.4.1995

² Substituted by Act 8 of 2003 w.e.f. 1.4.2003

³ Substituted by Act 15 of 2012 w.e.f. 1.4.2012

⁴ Substituted by Act 7 of 2016 w.e.f. 1.4.2016.

⁵ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Inserted by Act 16 of 2015 w.e.f. 01.04.2015

² Substituted by Act 07 of 2016 w.e.f. 01.04.2016

³ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 7 of 2000 w.e.f. 1.4.2000.

² Substituted by Act 10 of 1990 w.e.f. 1.4.1990.

³ Substituted by Act 9 of 2009 w.e.f.1.4.2009.

⁴ Substituted by Act 16 of 2011 w.e.f. 1.4.2011.

⁵ Substituted by Act 8 of 1995 w.e.f. 1.4.1995 and substituted by Act 6 of 1999 w.e.f. 1.4.1999.

⁷ Substituted by Act 8 of 2003 w.e.f. 1.4.2003 and substituted by Act 9 of 2009 w.e.f..1.4.2009.

⁸ Omitted by Act 16 of 2011 w.e.f.1.4.2011.

⁹ Inserted by Act 16 of 2011 w.e.f.1.4.2011.

¹⁰ Renumbered by Act 16 of 2011 w.e.r.1.4.2011.

¹¹ Inserted by Act 15 of 2012 w.e.f. 1.4.2012.

¹² Inserted by Act 29 of 2013 w.e.f. 1.4.2013.

¹³ Substituted by Act 19 of 2014 w.e.f. 1.03.2014

¹⁴ Inserted by Act 07 of 2016 w.e.f. 1.4.2016.

¹⁵ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 10 of 1990 w.e.f. 1.4.1990.

¹ Substituted by Act 16 of 2015 w.e.f. 01.04.2015.

¹ Substituted by Act 9 of 1987 w.e.f. 1.4.1987.

² Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 10 of 1990 w.e.f. 1.4.1990.

² Substituted by Act 6 of 1990 w.e.f. 1.4.1999.

³ Substituted by Act 7 of 2007 w.e.f. 1.4.2007.

⁴ Substituted by Act 6 of 2001 w.e.f. 1.4.2001.

⁵ Inserted by Act 8 of 1995 w.e.f. 1.4.1995.

⁶ Substituted by Act 9 of 2009 w.e.f. 1.4.2009.

⁷ Substituted by Act 7 of 2016 w.e.f. 1.4.2016.

⁸ Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 16 of 2015 w.e.f. 01.04.2015.

² Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 10 of 1990 w.e.f. 1.4.1990.

¹ Substituted by Act 6 of 1999 w.e.f. 1.4.1999

² Substituted by Act 6 of 2001 w.e.f. 1.4.2001.

³ Substituted by Act 7 of 2007 w.e.f. 1.4.2007.

⁴ Substituted by Act 9 of 1987 w.e.f. 1.4.1987.

⁵ Inserted by Act 9 of 2009 w.e.f.1.4.2009.

⁶ Substituted by Act 07 of 2016 w.e.f. 1.4.2016.

¹ Substituted by Act 8 of 2003 w.e.f. 1.4.2003.

¹ Substituted by Act 10 of 1990 w.e.f. 1.4.1990.

² Substituted by Act 04 of 2024 w.e.f. 03.02.2024

¹ Substituted by Act 6 of 1990 w.e.f. 1.4.1990.

² Substituted by Act 10 of 1990 w.e.f.1.4.1990.

³ Substituted by Act 16 of 2011 w.e.f.1.4.2011.

⁴ Substituted by Act 31 of 2022 w.e.f. 13.10.2022.

⁵ Inserted by Act 31 of 2022 w.e.f.13.10.2022

⁶ Substituted by Act 04 of 2024 w.e.f. 03.02.2024.

¹ Substituted by Act 7 of 2006 w.e.f. 1.4.2006.

¹ Inserted by Act 8 of 1995 w.e.f. 1.4.1995.

¹ Substituted by Act 16 of 2011 w.e.f. 1.4.2011.

² Substituted by Act 04 of 2024 w.e.f. 03.02.2024.

¹ Omitted by Act 9 of 1987 w.e.f. 1.4.1987.

² Substituted by Act 8 of 2003 w.e.f. 1.4.2003.

³ Substituted by Act 16 of 2015 w.e.f. 01.04.2015.

¹ Inserted by Act 04 of 2024 w.e.f. 03.02.2024.