KARNATAKA UPDATED STAMP ACT (As of May 2024)

THE KARNATAKA STAMP ACT, 1957
ARRANGEMENT OF SECTIONS
Statement of Objects and Reasons

Sections:
CHAPTER I
PRELIMINARY
1. Short title, extent and commencement.

2. Definitions.
CHAPTER II
STAMP DUTIES
A- OF THE LIABILITY OF INSTRUMENTS TO DUTY
3. Instruments chargeable with duty.

3A. Instruments liable to duty in multiples of five naye paise.
3B. Certain Instruments chargeable with additional duty.
3C. Limit on levy of additional stamp duty.
4. Several instruments used in single transaction of sale, mortgage or settlement.
5. Instruments relating to several distinct matters.
6. Instruments coming within several descriptions in Schedule.
7. Payment of higher duty in respect of certain instruments.
8. Bonds or other securities issued on loans.
9. Power to reduce, remit or compound duties.
B- OF STAMPS AND THE MODE OF USING THEM
10. Duties how to be paid.
10A. Payment of stamp duty by cash in certain cases.
11. Use of adhesive stamps.
12. Cancellation of adhesive stamps.
13. Instruments stamped with impressed stamps how to be written.
14. Only one instrument to be on same stamp.
15. Instruments written contrary to section 13 or 14 deemed unstamped.
16. Denoting duty.
C- OF THE TIME OF STAMPING INSTRUMENTS
17. Instruments executed in the State of Karnataka.

18. Instruments executed out of India.
19. Payment of duty on certain instruments liable to increased duty in the State of Karnataka.
D- OF VALUATIONS FOR DUTY
20. Conversion of amount expressed in foreign currencies.

21. Stock and marketable securities how to be valued.
22. Effect of statement of rate of exchange or average price.
23. Instruments reserving interest.
24. Certain instruments connected with mortgages of marketable securities to be chargeable as
agreements.
25. How transfer in consideration of debt, or subject to future etc., to be charged.
26. Valuation in case of annuity, etc.
27. Stamp where value of subject matter is indeterminate.
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28. Facts affecting duty to be set forth in instrument.
28A. Omitted.
28B. Omitted.
29. Direction as to duty in case of certain conveyances.
E- DUTY BY WHOM PAYABLE
30. Duties by whom payable.

CHAPTER III
ADJUDICATION AS TO STAMPS
31. Adjudication as to proper stamp.

32. Certificate by Deputy Commissioner.
CHAPTER IV
INSTRUMENTS NOT DULY STAMPED
33. Examination and impounding of instruments.
34. Instruments not duly stamped inadmissible in evidence, etc.
35. Admission of instrument where not to be questioned.
36. Admission of improperly stamped instruments.
37. Instruments impounded how dealt with.
38. Deputy Commissioner‘s power to refund penalty paid under sub-section (1) of section 37.
39. Deputy Commissioner‘s power to stamp instruments impounded.
40. Instruments unduly stamped by accident.
41. Endorsement of instruments on which duty has been paid under section 34, 39 or 40.
42. Prosecution for offence against stamp law.
43. Persons paying duty or penalty may recover same in certain cases.
44. Power to Revenue authority to refund penalty or excess duty in certain cases.
45. Non-liability for loss of instruments sent under section 37.
45A. Instrument of conveyance, etc. undervalued how to be dealt with.
45B. Constitution of Central Valuation Committee.
46. Recovery of duties and penalties.
46A. Recovery of stamp duty not levied or short levied.
46B. Duties, penalties etc, to be certified.
CHAPTER V
ALLOWANCES FOR STAMPS IN CERTAIN CASES.
47. Allowance for spoiled stamps.

48. Application for relief under section 47 when to be made.
49. Allowance in case of printed forms no longer required by Corporations.
50. Allowance for misused stamps.
51. Allowance for spoiled or misused stamps how to be made.
52. Allowance for stamps not required for use.
52A. Power of State Government to grant relief.
52B. Invalidation of Stamps.
CHAPTER VI
REFERENCE AND REVISION
53. Control of, and statement of case to, Chief Controlling Revenue Authority.
53A. Revision of order passed by Deputy Commissioner or Authorised officers.
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54. Statement of case by Chief Controlling Revenue Authority to High Court.
55. Power of High Court to call for further particulars as to case stated.
56. Procedure in disposing of case stated.
57. Statement of case by other Courts to High Court.
58. Revision of certain decisions of Courts regarding the sufficiency of stamps.
CHAPTER VII
CRIMINAL OFFENCES AND PROCEDURE.
59. Penalty for executing, etc., instrument not duly stamped.

59A. Penalty for making false declaration in clearance list.
59B. Penalty for failure to produce documents.
60. Penalty for failure to cancel adhesive stamp.
61. Penalty for omission to comply with provisions of section 28.
62. Penalty for devices to defraud the revenue.
63. Penalty for franking, recording certificate or embossing contrary to the Act or the rules
63A. Penalty for contravention of other provisions.
64. Institution and conduct of prosecutions.
65. Jurisdiction of Magistrates.
66. Place of trial.
CHAPTER VIII
SUPPLEMENTAL PROVISIONS
67. Books, etc., to be open to inspection.

67A. Procedure of Chief Controlling Revenue Authority and the Deputy Commissioner and
rectification of mistakes.
67B. Power to enter premises and inspect certain documents.
68. Powers to make rules.
69. Saving as to Court Fees.
70. Act to be translated and sold cheaply.
71. Repeal and savings.
72. Application of Indian Stamp Act 1899.
SCHEDULE.
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STATEMENT OF OBJECTS AND REASONS
I
Act 34 of 1957.- Different rates on stamp duty are in force in the various areas of the State. As it
is very desirable to have the same rates of stamp duty in all the areas in all areas of new State,
Government have decided to undertake legislation to achieve this object. Hence this Bill.
The Bill makes provision for the levy of stamp duty on instruments at the rates in force the Madras
Area (Obtained from Notification L. A. No. 5848 dated 20-6-1957)
II
Amending Act 8 of 1958.- The Government of India have decided that with effect from 1st April
1958, the rates of Stamp Duty should be expressed in decimal coinage. The new rates of non-postal
stamps decided upon by the Government of India are in multiples of 5 Naye Paise. It has become
necessary, therefore, to amend the Mysore Stamp Act, 1957, to adapt the rates of Stamp Duty
decided upon by the Government of India. The Bill is intended to give effect to the new rates of non-
postal stamps in decimal coinage, proposed to be brought into force from 1st April 1958.
(Published in the Gazette (Extraordinary) Part IV-2A dated 4-3-1958 as No. 51)
III
Amending Act 29 of 1962.- The State Government are committed to raise a sum of Rs. 42 crores
by additional taxation. In order to meet the commitments of the schemes in the Second Five Year
Plan and implementation of schemes in the Third Five Year Plan, the resources of the State have to
be augmented. It is therefore proposed to increase the rates of stamp duty by fifty per cent in
instruments in respect of which the State legislature is competent to levy stamp duty.
With the passing of the Advocates Act, 1961, the roll of Advocates is now maintained by the State
Bar Council and not by the High Court, As there is no instrument for entry on roll, it is proposed to levy
stamp duty on the certificate of enrolment issued by the Bar Council. The Law Ministers Conference
held at Srinagar in 1960, has recommended that the total fee payable by a Advocate on enrolment
should not, inclusive of the fee payable to the Bar Council under the Advocate Act, exceed Rs. 500.
Since a fee of Rs. 250 is payable to the Bar Council, it is proposed to fix the Stamp duty on the
certificate of enrolment at Rs. 250.
Opportunity has been taken to make certain other provision found necessary. The more important
of these amendments are indicated below.
The definition of instrument of partition is proposed to be amplified to cover documents in which
the terms of partition effected are recorded.
Sub-section (1) of section 53 of the Act does not empower the Chief Controlling Revenue
Authority to exercise control over the Deputy Commissioner in cases other than those falling under
Chapter IV and V and proviso (a) to section 27. In the interests of revenue, it is necessary to exercise
control over the Deputy Commissioner in other cases also. Sub-section (1) of section 53 is therefore
proposed to be amended.
In respect of allowances for stamps, definite periods of limitation and the circumstances in which
allowance is permissible have been laid down in Chapter V of the Act. In order to avoid hardship
under the Indian Stamp Act, 1899, orders for refund of amounts paid for stamp duty were being made
by Government in appropriate cases without any bar of limitation on the basis of certain Resolutions
of the Government of India. It is considered desirable to take necessary power to issue such orders.
The new section 52A has therefore been proposed. In order to enable the Chief Controlling Revenue
Authority to grant relief under section 44 beyond the period of limitation in appropriate case, that
section is also proposed to be amended.
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In a recent decision of the Supreme Court (Board of Revenue Vs. Vidyawati A.I.R. 1962 S.C.
1217) it has been held that while acting under section 56(2) of the Indian Stamp Act, 1899, (which
corresponds to section 53(2) of the Mysore Stamps Act, 1957), the Board of Revenue should give the
party concerned a reasonable opportunity to be herd in accordance with the principles of natural
justice. As the principles of natural justice have to be followed by the Deputy Commissioner and the
Chief Controlling Revenue Authority, it is proposed to insert a suitable provision in the Act. It is also
considered necessary to make specific provision for rectification of mistakes by the different
authorities. The new section 67A has accordingly been proposed.
(Published in the Mysore Gazette (Extraordinary) Part IV-2A dated 27-8-1962 as No. 170 at page
25-26.)
IV
Amending Act 17 of 1966.- In order to ensure the collection of proper stamp duty in the case of
awards, gifts and settlements it is considered necessary to charge duty on such instruments on the
value of properties instead of on the value as set forth in the instruments. It is also considered
necessary to amplify the different classes of instruments falling under Articles 5 and 37 and fix
different rates of duty on such instruments. It is also proposed to amend sections 3 and 28, and insert
new sections 63A and 67B.
Hence the Bill.
(Published in the Karnataka Gazette (Extraordinary) Part IV-2A dated 26.03.1966 as No.58 at
page 8).
V
Amending Act 17 of 1971.- In order to raise additional resources to be utilised exclusively for the
relief of Bangla Desh refugees, the Government of Mysore has proposed to levy additional stamp duty
at the flat rate of ten paise on every instrument chargeable with duty under the Mysore Stamp Act,
1957. The present measure is being enacted to give effect to the said proposal.
2. The Committee constituted under the proviso to sub-section (2) of section 3 of the Mysore State
Legislature (Delegation of Powers) Act, 1971 (23 of 1971), has been consulted before enactment of
this measure as a President‘s Act.
(Obtained from President Act 17 of 1971.)
VI
Amending Act 12 of 1972.- Under article 16 of the Schedule appended to the Mysore Stamp Act,
1957, the stamp duty payable on a share certificate is 30 naye paise. Section 11 of the Mysore Stamp
Act, 1957, does not permit the use of adhesive stamps for payment of the stamp duty exceeding 15
naye paise. Thousands of share certificates have to be therefore submitted by the Companies to the
Superintendent of Stamps and to the Government Press for getting the duty paid embossed on each
certificate. As this procedure is found inconvenient, Government intends to amend the Act to enable
the use of adhesive stamps upto 30 paise.—Vide Notification No. 7799, LA dated 19.11.1970.
(Published in Karnataka Gazette, PART IV—2-A, dated 26.11.1970 at page 70.)
VII
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Amending Act 4 of 1973.- President‘s Act 14 of 1971, 16 of 1971, 17 of 1971 and 18 of 1971 had
been enacted to raise additional resources for the relief of Bangla Desh Refugees. They expire on
24th March 1973.
It is proposed that while the additional levies for the relief of Bangla Desh Refugees may cease,
the levies may be retained till 31st March 1974 to raise additional resources to meet the cost of
‗People‘s Housing Programme‘ to be undertaken by the State Government.
Hence this Bill.
(Obtained from L.A. Bill No.16 of 1973)
VIII
Amending Act 17 of 1974.- It is proposed to raise the rates of Stamp Duty on conveyance and
mortgage deeds, in order to augment the revenue of the State.
Hence the Bill.
(Published in the Karnataka Gazette (Extraordinary) dated 30th March 1974, PART IV—2A, as No.
632, at page. 4.)
IX
Amending Act 12 of 1975.- It has been observed that there is wide-spread under-valuation of
properties by persons who buy and sell properties in urban areas. A pilot study of 1052 cases carried
out in Bangalore City showed that in nearly 70 per cent of the cases the valuation mentioned in the
sale deed was less than half the market value computed objectively by the survey authorities. This
means evasion of stamp duty as well as avoidance of registration charges. There is consequent loss
of revenue to the State under both counts. The object of the Bill is to enable the Government to
recover the right amount of stamp duty wherever under valuation of property is noticed at the time of
registration of the properties. Some consequential amendments are also being made. For example,
the present schedule of stamp duty rates is based upon the amount of consideration mentioned in the
document. This basis is being changed to the market value. Likewise some other consequential
changes have also been proposed in the Bill.
To begin with the new measure will be given effect to in the Cities having a population of more
than one lakh and the Government is taking the power to extend it to other urban areas in due course.
(Published in Karnataka Gazette (Extraordinary), dated 10th April 1975, PART IV—2-A, as No.
1049, at page. 7.)
Amending Act 37 of 1976.- In order to augment the revenues of the State, it is proposed to
amend the Karnataka Stamp Act, 1957, by increasing the rate of Stamp Duty on conveyances and
other instruments chargeable with the same duty as a conveyance.
Hence this Bill.
(Published in Karnataka Gazette (Extraordinary) dated 27th March 1976, PART IV—2-A, as No.
1729, at page. 6.)
XI
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Amending Act 9 of 1979.- Houses and sites are normally allotted by the Bangalore Development
Authority and other similar authorities on lease-cum-sale basis and the sale deed is executed after a
lapse of a period of 10 years by which time the market value of the property gets increased
considerably. The policy of the Government is to allot as many houses and sites as possible to
landless and other weaker sections of the people.
The levy of stamp duty on market value in respect of conveyance executed by the said authorities
works out great hardship to the allotees many of whom are persons belonging to weaker sections.
It is felt that stamp duty on such instruments should be levied on the amount or the value of
consideration for such instruments as specified therein. To remove the hardship that is caused by the
existing provisions to the weaker sections of the people it was considered necessary to take urgent
and immediate action. Hence an Ordinance was issued amending the entries relating to item 20 of the
Schedule to the Karnataka Stamp Act, 1957. This Bill seeks to replace the said Ordinance.
(Obtained from LC Bill No. 1 of 1979.)
XII
Amending Act 21 of 1979.- In order to augment the revenues of the State it is proposed to
second taxation and other laws. Opportunity is taken to make some other amendments also.
Hence this Bill.
(Published in the Karnataka Gazette (Extraordinary) Part IV-2A dated 27-3-1979 as No. 259).
XIII
Amending Act 15 of 1980.- The Audit parties of the Accountant General‘s Office during the
course of audit of several Sub-Registry Offices in the State during last one or two years have pointed
out instances of non-levy/short levy/irregular remission of Stamp duty due to mis-classification of
documents and mis-interpretation of the provisions of law regarding ley of stamp duty. In most of the
cases, the observations of the Audit were found to be valid and the Inspector General of Registration
and Commissioner for Stamps had to initiate steps for recovery of the deficit stamp duty from the
concerned parties. However, for want of suitable provisions in the Karnataka Stamp Act, 1957
enabling recovery of such deficit stamp duty from the concerned parties as arrears of land revenue, it
has not been possible for the Department to recover it in most of the cases.
As the Legislature Assembly was not in session, an ordinance was promulgated on 3rd December
1979 introducing new Section 46-A providing for recovery of deficit stamp duty as arrears of land
revenue and, in certain type of cases, with retrospective effect namely from 1st April 1972.
Consequential amendment to Section 11(a) was also made due to enhancement of stamp duty with
effect from 27th March 1979 as per Karnataka Taxation and Certain Other Laws (Amendment) Act,
1979.
The Bill seeks to replace the said ordinance.
(Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 29th February 1980, as No.
154, at page. 5.)
XIV
Amending Act 16 of 1981.- The allottees of sites or houses have to execute lease-cum-sale
agreement with bodies like the Bangalore Development Authority, the Karnataka Housing Board, City
7
Improvement Trust Boards and Housing Co-operative Societies etc. After the expiry of the lease
period conveyances are executed in favour of the allottees. The lease-cum-sale Agreement would
attract levy of stamp duty under Article 30(c) of the Schedule to the Karnataka Stamp Act, 1957 at the
same rate as a conveyance on the advance paid in addition to the duty payable on the lease. Again
when the conveyance is subsequently executed, duty is payable on the full value of the
considerations. Thus duty becomes payable on these transactions as for a conveyance, twice.
Representations have been received from the public requesting the Government to grant relief. In
view of this and in order to recover the full duty at the initial stage itself when the lease-cum-sale
agreement is executed, the amendments proposed are sought to be made.
Hence this Bill.
(Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 3rd February 1981, as No. 85, at
page. 4.)
XV
Amending Act 16 of 1983.—Section 46A of the Karnataka Stamp Act, 1957 provides for recovery
of stamp duty not levied or short levied. Under the said section, the Chief Controlling Revenue
Authority or an officer authorised by the State Government could initiate action with in three years
from the date of commencement of the Karnataka Stamp (Amendment) Act, 1980 by which the said
section was introduced. In cases where the reason for non-payment was fraud, etc., a longer period of
six years was permissible.
Action for recovery of deficit duty under the said section has to be taken in about 40000 to 50000
cases and further extension of the period has become necessary.
In these circumstances, it is considered necessary to fix the relevant period as 5 years and 10
years instead of 3 years and 6 years respectively.
An Ordinance was issued and this Bill seeks to replace the said Ordinance.
(Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 25th March 1983, as No. 186, at
page. 3.)
XVI
Amending Act 9 of 1987.- To give effect to the proposals made in the Budget Speech, it is
proposed to amend the Karnataka Stamp Act, 1957.
Hence the Bill.
(Published in Karnataka Gazette (Extraordinary) Part IV-2A, dated 27th March 1987, as No. 243,
at page. 4.)
XVII
Amending Act 24 of 1987.- Section 7 of the Karnataka Stamp Act, 1957 does not provide for
charging a copy of an instrument received in the State of Karnataka, where an instrument is
registered in any part of India other than Karnataka in respect of the property situated in Karnataka.
The different rates of stamp duty applicable in other States in respect of sale, gift, mortgage and such
transactions have enabled the concerned parties to evade stamp duty in Karnataka by having their
documents registered in Presidency towns of Bombay, Calcutta, Madras as well as Delhi District, vide
the provisions of Section 30 (2) of the Indian Registration Act. This has resulted in huge loss of
revenue to the Government of Karnataka.
It is also considered necessary to enhance the rate of stamp duty chargeable in respect of
Partnership under article 40 of the Schedule to the Karnataka Stamp Act, as it has been found that
with a view to avoid higher stamp duty payable on conveyances, the registering parties are resorting
8
to the evasion of stamp duty by entering into partnerships, with one partner contributing immovable
property and the other contributing cash, and thereafter dissolving the partnership and transferring the
immoveable property to the partner who contributed cash in lieu of such cash, and vice-versa.
Hence the Bill.
(Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 11th February 1987, as No.
123, at page. 4.)
XVIII
Amending Act 10 of 1988.- As at present the duty in respect of any instrument of conveyance
effected by the Bangalore Development Authority, the City Improvement Trust Board. Mysore, the
Karnataka Housing Board, the Improvement Boards constituted under the Karnataka Improvements
Boards Act, 1976 shall be payable at the rates specified in the Schedule on the amount or value of
consideration for such conveyance as setforth in the instrument.
It is proposed to extend such concession to the House Building Co-operative Societies, registered
under the Karnataka Co-operative Societies Act, 1959.
Hence the Bill.
(Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 8th February 1988 as No. 82, at
page. 3.)
XIX
Amending Act 10 of 1990.- To give effect to the proposals made in the Budget speech, it is
considered necessary to amend the Karnataka Stamp Act, 1957.
Hence the Bill.
(Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 30th March 1990, as No. 154,
at page. 9.)
XX
Amending Act 11 of 1991.—To give effect to the proposals made in the Budget Speech, it is
considered necessary to amend the Karnataka Stamp Act, 1957.
Hence the Bill.
(Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 22nd March 1991 as No. 131, at
page 47)
XXI
Amending Act 19 of 1994.- To give effect to the proposals made in the Budget Speech it is
considered necessary to amend the Karnataka Stamp Act 1957.
Hence the Bill.
(Obtained from LA Bill No. 14 of 1994.)
XXII
Amending Act 8 of 1995.- To give effect to the proposals made in the Budget Speech it is
considered necessary to amend the Karnataka Stamp Act, 1957 and also to make some
consequential amendments are proposed.
Hence the Bill.
9
XXIII
Amending Act 20 of 1996.- Sub-clause (3)(a) of Article 20 of the Schedule to the Karnataka
Stamps Act, 1957 provides that second and subsequent sale of Motor Vehicles of above 75 C.C.
except Autorikshaws are chargeable with duty. In order to implement the said provision properly it is
necessary to cast a duty on the registering authority not to enter such vehicles in the registration
certificate unless specified stamp duty is paid by amending the said Act suitably.
Hence the Bill.
(Obtained from LA Bill 15 of 1995 (File No. LAW 34 LGN 95)
XXIV
Amending Act 9 of 1997.- It is considered necessary to amend the Karnataka Stamp Act, 1957
and to give effect to the proposals made in the Budget speech and matters connected therewith.
Hence the Bill.
XXV
Amending Act 22 of 1997.- As at present the duty in respect of transaction of lease-cum-sale in

connection with allotment of building sites with or without building thereon by certain authorities like
the Bangalore Development Authority, Karnataka Housing Board etc., is payable on the market value
equal to the security deposit and the average annual rent reserved in such agreement and in respect
of instrument of conveyance effected by the above authorities, the duty is payable on the amount or
value of consideration of such conveyance as setforth in the instrument.
It is proposed to extend the above concession in respect of allotment of industrial sheds and plots
by the Karnataka Industrial Areas Development Board, the Karnataka Small Scale Industrial
Development Corporation, the Karnataka State Industrial Investment and Development Corporation
KEONICS and allotment of land or site to the market functionaries by the Agricultural Produce
Marketing Committees.
Hence the Bill.
XXVI
considered necessary to amend the Karnataka Stamp At, 1957 and some consequential amendments
are also proposed.
Hence the Bill.
(Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 26th March 1998, as No. 347,
at page. 7.)
XXVII
Amending Act 6 of 1999.- To give effect to the proposal made in the Budget Speech, it is
considered necessary to amend the Karnataka Stamp Act, 1957 and some consequential
amendments are also proposed.
Hence the Bill.
(Published in the Karnataka Gazette (Extraordinary) Part IV-2A dated 30th March 1999, as No.
288)
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XXVIII
Amending Act 24 of 1999.- It is considered necessary to amend the Karnataka Stamp Act, 1957
for more effective implementation of the provisions of this Act.
It is proposed, for this purposes,-
1. To define the term Assistant Commissioner to Stamps Association, Clearance List and
Immoveable property.
2. To levy duty on the copy of an original instrument where no proper duty has been paid on the
original instrument by adding an explanation under section 3.
3. To provide for enhancement of Stamp duty in certain cases since there has been no revision of
the rate for a long time.
4. To provide for payment of stamp duty in cash in certain cases.
5. To provide for keeping the instrument brought for registration where the Registering Officer has
reason to believe that the market value of the property has not been truly setforth in the instrument
and for referring the case of the Deputy Commissioner for determination of the market value if the
party, does not pay the duty on the basis of such valuation and also to provide that the Deputy
Commissioner shall dispose of the cases as far as possible, within 90 days from the date of reference.
This is done by proposing amendment to section 45A.
6. To enhance the quantum of punishment in certain cases, by amending relevant penal section of
the Act.
7. To provide for punishment for making false declaration in clearance list and failure to produce
documents.
8. To insert a new section 53A to provide for the Chief Controlling Revenue Authority to make a
revision of the order passed by the Deputy Commissioner or Authorised Officer within the period of
five years from the date of orders passed by them.
9. To Substitute section 67B to streamline the provisions regarding power to enter premises and
inspect certain documents.
Certain other consequential and necessary amendments are also made.
Hence the Bill.
(Published in the Karnataka Gazette (Extraordinary) Part IV-2A, dated 31st March 1999, as No.
299)
XXIX
considered necessary to amend the Karnataka Stamp Act, 1957 and the Karnataka Societies
Registration Act, 1960.
(Obtained from L.A. Bill No. 8 of 2000.)
XXX
considered necesary to amend the Karnataka Stamp Act, 1957 and the Karnataka Co-operative
Societies Act, 1957.
Hence the Bill.
(Vide LA Bill No. 6 of 2001 File No. SAMVYASHAE 10 SHASANA 2001)
XXXI
11
Amending Act 6 of 2002.- To give effect to the porposals made in the Budget Speech, it is
considered necessary to amend the Karnataka Stamp Act, 1957 and the Karnataka Socieities
Registration Act, 1960.
Hence the Bill.
(Vide LA Bill No. 11 Of 2002 and File No. SAMVYASHAE 19 SHASANA 2002)
XXXII
Amending Act 17 of 2002.- It is considered ncessary to reduce or remit by notification till 31st
March, 2006, the stamp duty payable on any instrument, to be specified therein executed by,
specified new Tiny, Small Scale, Medium Scale or Large Scale Industrial Units or Mega Projects as
defined in the new industrial policy vide Government Order CI 167 SPI 2001 dated 30.6.2001 or by
such key projects of core area as defined in the said policy or specified by the State Government from
time to time. Hence the Bill.
XXXIII
Amending Act 8 of 2003.- To give effect to the proposals made in the Budget Speech for
the year 2003-04, it is considered necessary to amend the Karnataka Stamp Act, 1957, the Karnataka
Municipalities Act, 1964, the Karnataka Municipal Corporations Act, 1976 and the Karnataka
Panchayat Raj Act, 1993.
Hence the Bill.
XXXIV
Amending Act 2 of 2004.- To give effect to the proposals made in the Budget Speech of
2003-04, it is considered necessary to amend the Karnataka Sales Tax Act, 1957, the Karnataka
Stamp Act, 1957 and the Karnataka Motor Vehicles Taxation Act, 1957.
Hence the Bill.
(obtained from LA Bill No. 7 of 2004 vide File No. SAMVYASHAE 11 SHASANA 2004)
XXXV
considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957).
Certain consequential amendments have also been proposed.
Hence the Bill.

[L.A. Bill No. 12 of 2006]
XXXVI
2007-2008, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act
No. 34 of 1957). Certain consequential amendments have also been proposed.
Hence the Bill.
[L.A.Bill No. 20 of 2007]
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
12
XXXVII
Amending Act 11 of 2007.- In order to encourage entrepreneurs for establishment of new
industries, so as to achieve industrial as well as economic growth in the state and in the light of New
Industrial Policy 2006-2011. It is proposed to amend the Karnataka Stamp Act, 1957 making
provision to give stamp duty exemption as per the Industrial Policy issued by the Commerce &
Industries Department.
Hence the Bill.
[L.A. Bill No. 9 of 2007]
XXXVIII
Amending Act 17 of 2007.- In G.O.NO.RD 9 BMM 2003, dated: 8.9.2005 the posts of
Regional Commissioners at Bangalore, Mysore, Gulbarga and Belgaum along with supporting staff
has been created.
The Regional Commissioners have to be conferred with statutory powers by necessary
amendments to the relevant Acts.
Since the matter was urgent and the Karnataka Legislature was not in session, the Karnataka
Land Revenue and Certain Other Laws (Amendment) Ordinance 2006(Karnataka Ordinance No.5 of
2006) was promulgated to achieve the above Object.
Hence the Bill.
[L.A. Bill No. 7 of 2007]
[Entry 5 and 18 of List II of the Seventh Schedule to the Constitution of India.]
XXXIX
Amending Act 1 of 2008.- In order to give effect to the proposals made in the Budget
Speech for the year 2003-2004, it is considered necessary to amend the Karnataka Stamp Act, 1957,
to dispense with the use of stamps and stamp papers and to start using impressed stamps. The
Karnataka Stamp (Amendment) Bill, 2003 was passed in the both the Houses of the Legislature for
obtaining the assent of the President on 29.3.2003. The Government of India vide their letter
17/20/2003-Judl & PP, dated:18.10.2004 has communicated the notes of the Ministry of Law and
Justice (Department of Legal Affairs) for clarification.
The Government of Karnataka considered the observations of the Ministry of Finance,

Government of India (Banking Division) communicated vide Government of India letter dated:
11.7.2003 and the points raised by the Ministry of Law and Justice (Department of Legal Affairs) and
has decided to drop the proposed amendment to section 19 of the Karnataka Stamp Act, 1957.
Hence the Bill.
(L.A. Bill No. 8 of 2007)
XL
Amending Act 8 of 2008.-To give effect to the proposals made in the Budget Speech of
2008-2009, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No.
34 of 1957). Certain consequential amendments have also been proposed.
Hence the Bill.
(LA Bill No. 6 of 2008, File No. DPAL 12 Shasana 2008)
13
XLI
Amending Act 9 of 2009.- To give effect to the proposals made in the Budget Speech 2009-
10, it is considered necessary to amend the Karnataka Stamp Act, 1959 (Karnataka Act No.34 of
1957). Certain consequential amendments have also been proposed.
Hence the Bill
XLII
Amending Act 20 of 2009.- In the Budget Speech for the year 2009-2010 it has been
announced to reduce the Stamp duty on sale transactions of all kinds of immovable properties
including agricultural land from seven and half percent to six percent.
Therefore it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957)
As the matter was urgent and both the Houses of the Karnataka State Legislature were not in
session, the Governor of Karnataka had promulgated the Karnataka Stamp (Amendment)Ordinance,
2009 (Karnataka Ordinance No.5 of 2009)
This bill seeks to replace the said ordinance.
Hence the bill
XLIII
Amending Act 8 of 2010.- To give effect to the proposals made in the Budget Speech 2010-
11, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of
1957). Certain consequential amendments have also been proposed.
Hence the bill.
[L.A. Bill No. 13 of 2010, File No.DPAL 15 Shasana 2010]
XLIV
Amending Act 9 of 2010.- In order to encourage entrepreneurs for establishment of new

industries in the State to combat financial crisis prevailing globally and in the hight of the new
Industrial Policy 2009-14, it is proposed to amend the Karnataka Stamp Act, 1957, to reduce or remit
stamp duty in public interest payable on any instrument executed by key projects of core area in the
special economic zones.
Hence the Bill.
[L.A. Bill No. 01 of 2010, File No. DPAL 34 Shasana 2009]
XLV
Amending Act 16 of 2011.- To give effect to the proposals made in the Budget Speech
2011-12 it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No.34
of 1957).
Hence the Bill.
[L.A. Bill No.21 of 2011, File No.Samvyashae 18 Shasana 2011]

XLVI
14
Amending Act 2 of 2012.- It is considered necessary to amend the Karnataka Stamp Act,
1957 (Karnataka Act No. 34 of 1957) to give effect to the proposals made in the Budget Speech 2010-
11, and to give an impetus to growth in Agriculture, Information Technology, Bio-Technology, Science
and Technology.
Hence, the Bill.
[L.A. Bill No. 45 of 2011, File No.Samvyashae 48 Shasana 2011]
XLVII
2012-13, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34
of 1957). Certain consequential amendments have also been proposed.
Hence the Bill.
[L.A. Bill No. 10 of 2012, File No.Samvyashae 23 Shasana 2012]
XLVIII
Amending Act 29 of 2013.- In order to promote the growth of housing activities through
documents of Joint Development Agreement and its consequent power of attorney it is considered
necessary to reduce the stamp duty payable on one document to two hundred rupees only, if the
other document is duly stamped in accordance with law, by amending the Karnataka Stamp Act, 1957
(Karnataka Act No. 34 of 1957).
Hence the Bill.
[L.A. Bill No. 15 of 2013, File No. Samvyashae 29 Shasana 2013]
[Entry 44 of List III of the Seventh Schedule to the Constitution of
India.]
XLIX
Amending Act 19 of 2014.- To give effect to the proposals announced in the Budget speech
for the year 2014-15, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka
Act No. 34 of 1957), to provide for the following:-
(1) to avoid double taxation by way of stamp duty levy, it is proposed to exempt the stamp duty
on instrument of sale, executed by or between the Bangalore Development Authority and the
concerned person, in connection with the allotment of alternate equivalent site to the allotee,
consequent to de-notification of the land in question and pursuant to the cancellation of the
preceding sale deed which is duly stamped.
(2) to promote growth in the Aerospace industry, it is proposed to reduce or remit the stamp duty
on instruments, executed by or between the concerned persons, in connection with the
Karnataka Aerospace Policy 2013-23.
(3) to give relief/remedy to the instruments exempted from the stamp duty, as specified in the
Notification No.RD 144 MuNoMu 2003 dated:23-04-2003. It is proposed to validate the same.
(4) to generate more revenue in the form of stamp duty, by way of better tax compliance, it is
proposed to rationalize the stamp duty on Joint Development Agreement and its consequent
power of attorney for joint development, by way of reducing the stamp duty from the current
5% to 2%.
(5) to rationalize Stamp Duty on Award relating to movable property, it is proposed to reduce the
stamp duty on such award from the current 5% to the rates, ranging from minimum ¼ (0.25)
percent to maximum ¾ (0.75) percent, as per the recommendation of the Law Commission of
Karnataka (twentieth report).
(6) To promote the growth of trade/industry relating to the goods being imported in the State of
Karnataka, it is proposed to reduce stamp duty on "Delivery order in respect of the goods":
from the current 0.5% to 0.1% and to exempt stamp duty on such goods which are exempted
from the levy of customs duty by the Government of India. This measure will also generate
more revenue in the form of stamp duty by way of better tax compliance.
Hence the Bill.
[L.A. Bill No.36 of 2014, File No. Samvyashae 16 Shasana 2014]
L
15
1957 (Karnataka Act No. 34 of 1957) to reduce or remit stamp duty in public interest payable on any
instrument executed by key projects of core area in special economic zone made in the New
Karnataka Industrial Policy 2014-2019 announced by the State Government and to give impetus to
growth in the industry.
Hence, the Bill.

[entry 63 of List II of the Seventh Schedule to the Constitution of India.]
LI
Amending Act 16 of 2015.- To give effect to the proposal made in the Budget speech of
2015-16 It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of
1957),
Hence the Bill.

LII
Amending Act 07 of 2016.- To give effect to the proposal made in the Budget Speech of
2016-17, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of
1957) and to make consequential amendments.
Hence the Bill,
[L.A. Bill No.16 of 2016 File No. Samvyashae 21 Shasana 2016]

LIII
1957 (Karnataka Act No 34 of 1957) to give effect to proposal made in the Karnataka Tourism Policy
2015-2020, and to give impetus to the growth in the Tourism Industry.
Hence the Bill,

LIV
1957 (Karnataka Act No 34 of 1957) The State Government may in public interest, by notification to
give effect to proposal mad in the new Investment Incentive policy (IT, ITES, Innovation Incentive
Policy) for the IT/ITes/Start- ups/Animation/Gaming/CopmuterGraphics/Telecom/MPO/KPO/Other
th
Knowledge base Industries, Specified in the Government Order No: IUTD 10 PRM 2013 dated 16
January 2014.
Hence the Bill,

LV
Amending Act 21 of 2016.- Mines and Mineral (Development and Regulation) Act, 1957
(Central Act 67 of 1957) Act defines a "mining lease" as a lease granted for the purpose of
undertaking mining operations, and further defines "mining operations" as any operations undertaken
for the purpose of winning any mineral. Mining lease is essentially an instrument designed for
16
regulation of mining operations and mining rights. It does not fully conform to all the characteristics of
a lease of immovable property. The Possibility of privately owned and being part of the mining lease
area is also very clearly contemplated under the Mines and Mineral (Development and Regulation)
Act, 1957 as well as the Karnataka Minor Minerals Concession Rules, 1994. Therefore, there is a
need to classify mining leases as a separate class of documents for the purpose of stamp duty,
distinct from lease of immovable property. Separate provisions are also provided for lease granted
by auction and granted by way other than auction.
Hon‘ble Supreme Court in its order dated: 30.07.2015 has directed the State Government to
conduct the auction of 15 ‗C‘ Category mines within outer limit of 32 weeks, preferably 26 weeks from
the date of order in accordance with the amendments of Mines and Minerals (Development and
Regulation) Act, 1957 and the Mineral (Auction) Rules, 2015 along with additional conditions.
The time line fixed by the Hon‘ble Supreme Court has already expired in March, 2016 and in
this connection an Interlocutory Application has been filed before the Hon‘ble Supreme Court for
extending time for auction of mines. The Hon‘ble Supreme Court has not yet decided on Interlocutory
Application filed by the Commerce and Industries Department. The Commissioner, Department of
Mines and Geology has already extended the calendar of events four times. Making this legislation is
very essential for the Commissioner, Department of Mines and Geology to give clarification to the
bidders with respect to stamp duty and registration fee on the Mining Lease Development and
Production Agreement (MDPA) and mining Lease Deed. The last date for giving clarification to the
bidders is 22.06.2016. proposed legislation needs to be passed before this date. If the matter is
further delayed then the Hon‘ble Supreme Court may take it seriously and it will create a very difficult
position for the State Government to explain the delay in the matter.
A new instrument called the Mine Development and Production Agreement has been
introduced by the Minerals (Auction) Rules, 2015 and the Minerals (Other than Atomic and
Hydrocarbons Energy) Minerals Rule 2016, and they also need to be specified for the purpose of
stamp duty.
As the matter was urgent and the Karnataka Legislative Assembly was not in session, the
Karnataka Stamp (Amendment) ordinance, 2016 (Karnataka ordinance 2 of 2016) was promulgated
on 22.06.2016.
This bill seeks to replace the said ordinance.
Hence the Bill.

LVI
Amending Act 17 of 2017.- To give effect to the proposal made in the Budget speech of
2017-18. It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of
1957), and to make consequential amendments.
Hence the Bill.
[L.A. Bill No.17 of 2017 File No. Samvyashae19 Shasana 2017]

LVII
Amending Act 32 of 2017.- It is consider necessary further to amend the Karnataka Stamp
Act, 1957 (Karnataka Act No. 34 of 1957) to give effect to,-
17
(i) the proposals made in the Agribusiness and Food Processing Policy, 2015; and
(ii) give impetus to the growth in the Agribusiness and Food Processing Industrial Enterprises.
Hence the Bill

[L.A. Bill No.31 of 2017, File No. Samvyashae 37 Shasana 2017]
LVIII
Amending Act 45 OF 2020.- It is consider necessary further to amend the Karnataka Stamp
Act, 1957 (Karnataka Act No. 34 of 1957) to,-
(1) give effect to the proposals made in the Karnataka Electric Vehicle and Energy
Storage Policy 2017and provide 100% Exemption from stamp Duty to be paid in respect
of,-
(i)direct purchase of industrially converted lands for the projects approved by
SLSWCC/DLSWCC, loan agreements, credit deeds, mortgage and hypothecation
deeds executed for availing loans from state Government and/or state Financial
Corporation, National Level Financial Institutions, Commercial Banks, RRBs, Co-
operative Banks, KVIB/KVIC, Karnataka state SC/ST Development Corporation,
Karnataka State Minority Development Corporation and other institutions which
may be notified by the Government from time to time; and
(ii) for lease deeds, lease-cum-sale, sub-lease and absolute sale deeds executed
in respect of industrial plots, sheds, industrial tenements by KIADB, KSSIDC,
KEONICS, Industrial Co-operatives and approved private industrial estates/parks;
and
(2) give impetus to the Electric mobility sector in the State and also attract investments.
Hence the Bill.

[Entry entry 63 of List II of the Seventh Schedule to the Constitution of India.]
[Published in Karnataka Gazette Extra-ordinary No. 476 in part-IVA dated: 19.10.2020]
LIX
Amending Act 55 of 2020.- It is considered necessary further to amend the

Karnataka Stamp Act, 1957 (Karnataka Act No.34 of 1957) to give effect to,
(i) the Proposals made in the Karnataka Industrial Policy 2020-25 by the State
Government to give impetus to growth of the industry; and
(ii) the Proposal made in Budget Speech of 2020-21 to Reduce the stamp duty to
first sale of flat or apartment up to thirty five lakhs.
As the matter was urgent and both houses of the Karnataka State legislature were
not in a session, therefore the Karnataka Stamp (Amendment) Ordinance, 2020 (Karnataka
Ordinance No.24 of 2020) was promulgated to achieve the above object.
This Bill seeks to replace the said Ordinance.
18
Hence, the Bill.

Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to give effect to the proposal made
in the Budget Speech of 2021-22 to reduces the stamp duty (from 5% to 3%)for the first
registration of apartments valued between Rupees 35 lakh and Rupees 45 laks.
Hence the Bill.

LI
Amending Act 11 of 2022.- It is considered necessary to amend the Karnataka Stamp

Act, 1957 (Karnataka Act 34 of 1957) to,-to insert the digital e-stamp in the definition of
"Stamp".
give effect to the proposal made in the Karnataka New Textile and Garments Policy
2019-24 and Provide 100% exemption in respect of,-
execution of Lease, Lease-Cum sale and Sale deeds in respect of industrial land or
plots allotted;
execution of Lease deeds in case of Industrial Sheds or plots taken on Lease;
Loan and credit deeds, including security documents such as Mortgage deeds, Pledge
deed etc… executed for availing long term funds form the banks or Fls and other agencies of
Government of Karnataka or Government of India; and
to give impetus to the Textiles and Garments sector in the State and also attract
investments and to create more employment opportunities in the State.
provide for payment of Stamp Duty on a conveyance subsequently executed in

furtherance of the lease-cum-sale agreement as on the date of execution of such agreement
to an allotee of any House Building Co-operative Society registered under the Karnataka Co-
operative Societies Act, 1959 (Karnataka Act 11 of 1959);
Hence, the Bill.
[L.A. Bill No. 01 of 2022, File No. SAMVYASHAE 56 SHASANA 2021]

[Entry 18 and 63 of List II of the Seventh Schedule to the Constitution of India.]
19
LII
Amending Act 12 of 2022: It is considered necessary further to amend the Karnataka

Stamp Act, 1957 (Karnataka Act 34 of 1957) to fix an upper limit on the Stamp duty to be
paid if an order is made by the High Court or appropriate Tribunals or appropriate Authorities
under the Companies Act, 2013 (Central Act 18 of 2013) in respect of amalgamation of
companies including a subsidiary amalgamating with parent company, reconstruction or
demerger of a company in order to provide relief to such a company.
Hence the Bill.

[Entry 63 of List II of the Seventh Schedule to the Constitution of India]
LIII

Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to give ―Explanation‖ for the
―Trust‖ as under the provisions of section 12AA or 12AB of the Income Tax Act 1961
(Central Act No 43 of 1961).
Hence, the Bill.

[Published in Karnataka Gazette Extra-ordinary No. 518 in part-IVA dated:13.10.2022]
LIV
Amendment Act 03 of 2023:- It is considered necessary to amend the Karnataka

Stamp Act, 1957 (Karnataka Act 34 of 1957) to give effect the proposal made in the State
Budget Speech 2022-23 to remit the Stamp Duty on loan agreements executed by the Street
Vendors under the scheme of PM SVANidhi(PM Steet Vendor‘s Atmanirbhar Nidhi).
Hence, the Bill
[Published in Karnataka Gazette Extra-ordinary No.17 in part-IVA dated:12.01.2023]
LV
Amendment Act 04 of 2024:- It is considered necessary further to

amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to
20
enhance the rate of Stamp Duty in certain cases and to make a separate
provision regarding levy of Stamp Duty on Bank Guarantee.
Hence, the Bill.
[L.A. Bill No.22 of 2023, File No. SAMVYASHAE 39 SHASANA 2023]

[Published in Karnataka Gazette Extra-ordinary No.58 in part-IVA
dated:03.02.2024]
21
1
[KARNATAKA]1 ACT No. 34 OF 1957.
(First published in the 1[Karnataka Gazette]1 on the Fifth day of December, 1957.)
1 1
THE [KARNATAKA] STAMP ACT, 1957.
(Received the assent of the President on the Twenty-eighth day of November, 1957.)
(As amended by Acts 8 of 1958; 29 of 1962; 17 of 1966; President‘s Act 17 of 1971; Karnataka Acts
12 of 1972; 4 of 1973; 17 of 1974; 12 of 1975; 37 of 1976; 9 of 1987, 21 of 1979; 15 of 1980; 16 of
1981; 16 of 1983; 9 of 1987, 24 of 1987; 10 of 1988; 10 of 1990; 11 of 1991; 19 of 1994; 8 of 1995;
20 of 1996; 9 of 1997, 22 of 1997; 5 of 1998; 6 of 1999; 24 of 1999; 7 of 2000, 6 of 2001, 6 of 2002,
17 of 2002, 8 of 2003, 2 of 2004, 7 of 2006, 7 of 2007, 11 of 2007, 17 of 2007, 1 of 2008, 8 of
2008, 9 of 2009, 20 of 2009, 8 of 2010, 9 of 2010, 16 of 2011, 2 of 2012, 15 of 2012, 29 of 2013, 19 of
2014, 03 of 2015 , 16 of 2015, 7 of 2016, , 9 of 2016, 10 of 2016 ,21 of 2016 ,17 of 2017, 32 of 2017,
45 of 2020, 55 of 2020, 26 of 2021,11 of 2022, 12 of 2022, 31 of 2022, 03 of 2023 and 04 of 2024)
An Act to consolidate and amend the laws relating to Stamps.
1
W HEREAS it is expedient to consolidate and amend the laws relating to stamps in the [State of
1
Karnataka] ;
1 1
BE it enacted by the [Karnataka State] Legislature in the Eighth year of the Republic of India as
follows:—
1. Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
CHAPTER I
PRELIMINARY
1 1
1. Short title, extent and commencement.- (1) This Act may be called the [Karnataka] Stamp
Act, 1957.
1 1
(2) It extends to the whole of the [State of Karnataka] .
1 1
(3) It shall come into force on such [date] as the State Government may, by notification in the
Official Gazette appoint.
1. Act came into force on 1.6.1958 by notification. Text of notification is at the end of the Act.
2. Definitions.- (1) In this Act, unless the context otherwise requires,—

1
[(a) 'Assistant Commissioner of Stamp's' means the Inspector of Registration Offices appointed
under the Registration Act, 1908 (Central Act 16 of 1908) and includes such officer in such areas as
the State Government may by notification specify.
(aa) "Association" means any association, exchange, organisation or body of individuals, whether
incorporated or not, established for the purpose of regulating and controlling or conducting business
1
of the sale or purchase of or other transaction relating to, any goods or marketable securities.]
1. Clauses (a) and (aa) Inserted by Act 24 of 1999 w.e.f. 18.8.1999.
1 1
[(ab)] ―bond‖ includes,—
(i) any instrument whereby a person obliges himself to pay money to another, on condition that
the obligation shall be void if a specified act is performed or is not performed, as the case may be;
(ii) any instrument attested by a witness and not payable to order or bearer, whereby a person
obliges himself to pay money to another; and
(iii) any instrument so attested, whereby a person obliges himself to deliver grain or other
agricultural produce to another;
1. Relettered by Act 24 of 1999 w.e.f. 18.8.1999.
1
[(ac) "Central Valuation Committee" means the Central Valuation Committee constituted
1
under section 45B].
22
1. Inserted by Act 8 of 2003 w.e.f. 1.4. 2003.
(b) ―chargeable‖ means, as applied to an instrument executed or first executed after the
commencement of this Act, chargeable under this Act, and as applied to any other instrument
1 1
chargeable under the law in force in the territories of the [State of Karnataka] when such instrument
was executed or, where several persons executed the instrument at different times, first executed;
1
[(c) ‗Chief Controlling Revenue Authority‘ means the officer appointed by the State Government
2 1
to be the 2[Commissioner of Stamps for Karnataka] ;]
1. Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
1
[(ca) "clearance list" means a list of transactions relating to contracts either maintained by an
association or an individual or required to be submitted to the Clearing House of an association in
accordance with the rules or bye-laws of the association and shall always mean to include all the
1
transactions pertaining to sale as well as purchase of marketable securities;]
1. Inserted by act 24 of 1999 w.e.f. 18.8.1999.
1
[(d) ―conveyance‖ includes,-
(i) a conveyance on sale, (ii) every instrument,
(iii) every decree or final order of any civil court,
(iv) every order made by the High Court under section 394 of the Companies Act, 1956 in respect
of amalgamation of Companies
by which property, whether moveable, or immoveable or any estate is transferred to, or vested in, any
1
other person, and which is not otherwise specifically provided for by the Schedule;]
1
[(dd) ‗Deputy Commissioner‘ means the Chief Officer in charge of the revenue administration of a
district and includes in respect of such provisions of this Act or rules made thereunder such officer in
1
such area as the State Government may by notification in the Official Gazette specify;]
1
[(e) ―Duly stamped ‖ as applied to an instrument means that the instrument bears impressed
stamp of not less than the proper amount and that such stamp has been impressed in accordance
1
with law for the time being in force in the territories of the State of Karnataka.]
1. Substituted by Act 1 of 2008 w.e.f. 1.4.2003
(f) ―executed,‖ and ―execution,‖ used with reference to instruments, mean ―signed‖ and
―signature‖;
(g) ―Government security‖ means a Government security as defined in the Public Debt Act, 1944
(Central Act XVIII of 1944);
1[(ga) "Immovable property" includes land, buildings, rights to ways, air rights, development rights,
whether transferable or not, benefits to arise out of land, and things attached to the earth, or
permanently fastened to anything attached to the earth;]1
1
[(h) ―Impressed stamp‖ means;
(i) impression made with franking machine;
(ii) a certificate or endorsement made and attested as may be prescribed by the Deputy
Commissioner or the authorised officer or the proper officer, as the case may be in the
1
territories of the State of Karnataka.]
(i) ―India‖ means the territory of India excluding the State of Jammu and Kashmir;
23
(j) ―instrument‖ includes every document 1[and record created or maintained in or by an
electronic storage and retrieval device or media]1 by which any right or liability is, or purports to be,
created, transferred, limited, extended, extinguished or recorded;
1
[(k) ‗instrument of partition‘ means any instrument whereby co-owners of any property divide or
agree to divide such property in severalty and includes,—
(i) a final order for effecting a partition passed by any revenue authority or any civil court,
(ii) an award by an arbitrator directing a partition, and
(iii) when any partition is effected without executing any such instrument, any instrument or
instruments signed by the co-owners and recording, whether by way of declaration of such partition or
1
otherwise, the terms of such partition amongst the co-owners;]
(l) ―lease‖ means a lease of 1[immoveable or movable property or both]1, and includes also,—
(i) a patta;
(ii) a kabuliyat or other undertaking in writing not being a counterpart or a lease to cultivate,
occupy, or pay or deliver rent for, immoveable property;
(iii) any instrument by which tolls of any description are let;
(iv) any writing on an application for a lease intended to signify that the application is granted;
(m) ―marketable security‖ means a security of such a description as to be capable of being sold in
any stock market in India;
1[(mm) "market value" in relation to any property, which is the subject matter of an instrument, means
the price which such property would have fetched, in the opinion of the Deputy Commissioner or the
Appellate Authority or the Chief Controlling Revenue Authority if sold in open market on the date of
execution of such instrument or the consideration stated in the instrument whichever is higher:
Provided that notwithstanding anything contained in this Act or in the Articles, in respect of an
instrument executed by or on behalf of or in favour of the State Government or 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 incorporate wholly owned or controlled by the Central Government or the State
Government, the market value of the property shall be the value of consideration for such conveyance
as set forth in the instrument.]1
(n) ―mortgage deed‖ includes every instrument whereby, for the purpose of securing money
advanced, or to be advanced, by way of loan, or an existing or future debt, or the performance of an
engagement, one person transfers, or creates, to or in favour of, another, a right over or in respect of
specified property;
(o) ―paper‖ includes vellum, parchment or any other material on which an instrument may be
written;
(p) ―power-of-attorney‖ includes any instrument (not chargeable with a fee under the law relating
to court fees for the time being in force) empowering a specified person to act for and in the name of
the person executing it;
(q) ―settlement‖ means any non-testamentary disposition in writing, of moveable or immoveable
property made,—
(i) in consideration of marriage,
(ii) for the purpose of distributing property of the settler among his family or those for whom he
desires to provide, or for the purpose of providing for some person dependent on him, or
(iii) for any religious or charitable purposes;
24
and includes an agreement in writing to make such a disposition, and where any such disposition has
not been made in writing, any instrument recording whether by way of declaration, of trust or
otherwise, the terms of any such disposition.
(2) The 1[Karnataka]1 General Clauses Act, 1899 shall apply for the interpretation of this Act, as
it applies for the interpretation of a 1[Karnataka]1 Act.
2 1
[ [―(r) ―Stamp‖ means impressed stamp or digital e-stamp which is generated electronically and
1 2
―Stamp paper‖ means a paper bearing the impressed stamp.] ]
1. Inserted by Act 1 of 2008 w.e.f. 1.4.2003.
CHAPTER II
STAMP DUTIES
A.—Of the Liability of Instruments to Duty.
3. Instruments chargeable with duty.- Subject to the provisions of this Act and the
exemptions contained in the Schedule, the following instruments shall be chargeable with duty of the
amount indicated in that Schedule as the proper duty therefor, respectively, that is to say,—
(a) every instrument mentioned in that Schedule which, not having been previously executed by
any person, is executed in the territories of the 1[State of Karnataka]1 on or after the commencement
of this Act; and
(b) every instrument mentioned in that Schedule which, not having been previously executed by
any person, is executed out of the 1[State of Karnataka]1 on or after that day, relates to any property
situate, or to any matter or thing done or to be done, in the territories of the 1[State of Karnataka]1
and is received in the territories of the 1[State of Karnataka]1:
Provided that no duty shall be chargeable in respect of,—
(1) any instrument, executed by, or on behalf of, or in favour of, the 1[State Government]1 in
cases where, but for this exemption, the 1[State Government]1 would be liable to pay the duty
chargeable in respect of such instrument;
1. Substituted by Act 17 of 1966 w.e.f. 15.11.1966 by notification text of notification at the end of the Act.
1[Explanation.- Where no proper duty has been paid on the original of an instrument which is
chargeable with an amount indicated in the Schedule as proper duty therefor, then a copy of such
instrument whether certified or not and whether a facsimile image or otherwise of the original shall be
chargeable with duty of an amount which is indicated in Schedule as proper duty for the original of
such instrument, and all the provisions of this chapter and chapters IV, VI, VII and VIII of this Act shall
mutatis mutandis be applicable to such copy of the original.]1
(2) any instrument for sale, transfer or other disposition, either absolutely or by way of mortgage
or otherwise, of any ship or vessel, or any part, interest, share or property of or in any ship or vessel
registered under 1[the Merchant Shipping Act, 1958]1.
1[3A. Instruments liable to duty in multiples of five naye paise.- Notwithstanding anything
contained in section 3 and the Schedule or any rule or order published under section 9, the proper
duty payable on any instrument shall be computed and determined in multiples of five naye paise:
Provided that where a scale has been specified for determining the proper duty, the total amount
of duty payable on any instrument shall be calculated in accordance with such scale, and where the
total amount so calculated includes in addition to any multiple of five naye paise a fraction of five naye
paise, such fraction shall be deemed to be five naye paise, and the total amount of duty payable on
the instrument shall be determined accordingly.]1
25
2
1[3B. Certain instruments chargeable with additional duty.- [(1) Any instrument of
conveyance, exchange, settlement, gift or lease in perpetuity of immovable property chargeable with
duty under section 3 read with articles of the schedule shall be chargeable with additional duty at the
rate of ten percent, on such duty chargeable on such instrument of conveyance, exchange, gift,
settlement and lease in perpetuity, for the purpose of various infrastructure projects across the State,
equity investment in the Bangalore Mass Rapid Transport Limited and for Mukhya Manthri Grameena
2
Rasthe Abhivrudhi Nidhi in the proportion of 57:28:15 respectively]
(2) The additional duty chargeable under sub-section (1) shall be in addition to any duty
chargeable under section 3.
(3) Except as otherwise provided in sub-section (1) provisions of this Act, shall so far as may
be apply in relation to the additional duty chargeable under sub-section (1) as they apply in relation to
the duty chargeable under section 3.]1
1[3C. Limit on levy of additional stamp duty.- Notwithstanding anything contained in any
other law for the time being in force, no instrument shall be charged with any duty in the form of
additional stamp duty under such other law, exceeding the maximum amount of duty with which such
instrument is chargeable under this Act.]1
4. Several instruments used in single transaction of sale, mortgage or settlement.- (1)
Where, in the case of any sale, mortgage or settlement, several instruments are employed for
completing the transaction, the principal instrument only shall be chargeable with the duty prescribed
in the Schedule for the conveyance, mortgage, or settlement, and each of the other instruments shall
be chargeable with a duty of 1[one hundred]1 rupees instead of the duty (if any) prescribed for it in the
Schedule.
(2) The parties may determine for themselves which of the instruments so employed shall, for the
purpose of sub-section (1), be deemed to be the principal instrument:
Provided that the duty chargeable on the instrument so determined shall be the highest duty which
would be chargeable in respect of any of the said instruments employed.
5. Instruments relating to several distinct matters.- Any instrument comprising or relating to
several distinct matters shall be chargeable with the aggregate amount of the duties with which
separate instruments, each comprising or relating to one of such matters, would be chargeable under
this Act.
6. Instruments coming within several descriptions in Schedule.- Subject to the provisions
of the last preceding section, an instrument so framed as to come within two or more of the
descriptions in the Schedule shall, where the duties chargeable thereunder are different, be
chargeable only with the highest of such duties:
Provided that nothing contained in this Act shall render chargeable with duty exceeding 1[four
rupees and fifty naye paise]1 a counter part or duplicate of any instrument chargeable with duty and in
respect of which the proper duty has been paid.
7. Payment of higher duty in respect of certain instruments.- (1) Notwithstanding anything
contained in section 4 or 6 or in any other enactment, unless it is proved that the duty chargeable
under this Act has been paid,—
(a) on the principal or original instrument, as the case may be, or
(b) in accordance with the provisions of this section,
26
the duty chargeable on an instrument of sale, mortgage or settlement, other than a principal
instrument or on a counterpart, duplicate or copy of any instrument shall, if the principal or original
instrument would, when received in the State, have been chargeable under this Act with a higher rate
of duty, be the duty with which the principal or original instrument would have been chargeable under
section 19.
(2) Notwithstanding anything contained in any enactment for the time being in force, no
instrument, counterpart, duplicate or copy chargeable with duty under this section shall be received in
evidence unless the duty chargeable under this section has been paid thereon:
Provided that any Court before which any such instrument, duplicate or copy is produced may
permit the duty chargeable under this section to be paid thereon and may then receive it in evidence.
1[(3) Where any instrument is registered in any part of India other than Karnataka and the
instrument relates wholly or partly to any property situated in Karnataka, the copy of such instrument
shall, when received in Karnataka be liable to be charged with the difference of stamp duty as original
under section 19 to the extent of and in proportion to the consideration or value of the property
situated in Karnataka and the party liable to pay stamp duty on the original instrument shall upon
receipt of notice from the registering officer pay the difference in duty within the time allowed.]1
8. Bonds or other securities issued on loans.- (1) Notwithstanding anything contained in this
Act, any local authority raising a loan under the provisions of any law for the time being in force, by
the issue of bonds or other securities, shall, in respect of such loan, be chargeable with a duty of one
percentum on the total amount of the bonds or other securities issued by it, and such bonds or other
securities need not be stamped and shall not be chargeable with any further duty on renewal,
consolidation, sub-division or otherwise.
(2) The provisions of sub-section (1) exempting certain bonds or other securities from being
stamped and from being chargeable with certain further duty shall apply to the bonds or other
securities of all outstanding loans of the kind mentioned therein and all such bonds or other securities
shall be valid, whether the same are stamped or not.
(3) In the case of wilful neglect to pay the duty required by this section, the local authority shall be
liable to forfeit to the Government a sum equal to ten percentum upon the amount of duty payable,
and a like penalty for every month after the first month during which the neglect continues.
9. Power to reduce, remit or compound duties.- (1) The State Government may, by rule or
order published in the Official Gazette,—
3 3
(a) [reduce upto fifty percent] in the whole or any part of the 2[State of Karnataka]2, if in the
opinion of the State Government it is necessary in public interest so to do, the duties with which any
particular class of instruments, or any of the instruments belonging to such class, or any instruments
when executed by or in favour of any particular class of persons, or by or in favour of any members of
such class, are chargeable; and
5
[Provided that the State Government may in public interest reduce or remit the stamp duty
payable on an instrument executed,-
(i) by or in favour of any person to obtain or to repay loan, as the case may be, for
an agricultural purpose as defined in the Karnataka Agricultural Credit
Operations and Miscellaneous Provisions Act, 1974 (Karnataka Act 2 of 1975),
(ii) by a public sector undertaking, to obtain loan for the purpose for which it is
established,
(iii) by or in favour of loanee to obtain or repay loan, as the case may be for the
purposes of pursuing education, acquiring and installing water harvesting units
5
and non-conventional energy devices such as solar and biogas energies, ]
7
[(iv) by or in favour of loanee to obtain loans for non-agricultural purposes advanced
to ‗Joint Liability Groups‘ by Schedule Banks and other Financial Institutions
specified in this behalf;
27
(v) by or in favour of farmers for the allotment of developed lands to the farmers,
when their lands are acquired for public purposes;
(vi) by or in favour of farmers for the purchase of lands from the compensation
7
amount paid to them when their lands are acquired for public purposes.]
6
[Provided further that the State Government may, in public interest, by notification, reduce or
remit the stamp duty payable on any instrument to be specified therein, executed by or between
Special Economic Zone Developer, Co-Developer, Land Owners, Karnataka Industrial Areas
Development Board and Financial Institutions as defined in the State policy for Special Economic
Zones – 2009, vide Government Order No. CI 114 SPI 2007, Bangalore, dated: 28-02-2009.
Provided also that the State Government may, in public interest, by notification, reduce or
st
remit, till 31 March 2014, the stamp duty payable on any instrument to be specified therein executed
by specified new and existing micro, small, medium enterprises, Large Scale Industrial Units and
mega projects including expansion or modernization or diversification projects, as defined in the
Karnataka Industrial Policy 2009-14 specified in the Government Order No. CI 233 SPI 2008,
Dated: 28-02-2009 or by such key projects of core area as defined in the said policy or specified by
6
State Government from time to time]
7
[Provided also that the State Government may in public interest, by notification, reduce or
remit the stamp duty payable on any instrument to be specified therein, executed by or between the
concerned persons in connection with 2009-14 tourism policy of the State specified in Government
th
Order No. Ka Sam Va Pra 231 Pra Va Yo 2007 dated: 20 October 2009 or specified by the State
7
Government from time to time.]
8
[Provided also that the State Government may in public interest, reduce or remit by
notification the stamp duty payable on any instrument to be specified therein, executed by or between
the concerned persons in connection with,-
(a) the integrated Karnataka Agri-Business Development policy 2011, specified in the
th
Government order No. AHD 172 AFT 2010, Bangalore, dated 5 March 2011 or
as specified by the State Government from time to time;
(b) the Semiconductor policy of Karnataka State- 2010, specified in the Government
Order No. ITD 10 PRM 2008, Bangalore,
th
Dated 25 February 2010 or as specified by the State Government from time to
time;
(c) The information and communications technology policy- 2011, specified in the
Government Order No. ITD 11 PRM 2008, Bangalore,
nd
Dated 2 February 2010 or as specified by the State Government from time to
time;
(d) The Karnataka Electronics Hardware Policy – 2011, specified in the Government
th
Order No. ITD 09 PRM 2008, Bangalore, Dated 29 January 2011 or as specified
8
by the State Government from time to time.]
5
[Provided also that the state government may in public interest reduce or remit by
notification, the stamp duty payable on any instrument to be specified therein, executed,-
(i) by or in favour of Rajiv Gandhi Housing Corporation in connection with
implementation of housing programme including houses built under Indira
Awaas Yojana, for the economically weaker sections and special occupational
categories both in rural and urban areas for the purpose of providing residential
facilities with capital investment by the state government and loan borrowed
from Housing And Urban Development Corporation,
(ii) in favour of local bodies, urban development authorities and other public
authorities to be specified therein, for the purposes of providing roads, civic
amenities, parks, water bodies, mini-forests, boulevards, etc. which are
5
exclusively meant for public purpose.]
9
[Provided also that, the State Government may, in public interest, by notification, reduce or
remit stamp duty on an instrument, to be specified therein from time to time, executed,-
(a) by or between the Bangalore Development Authority and the concerned allotee,
in connection with the allotment of alternate equivalent site, consequent to de-
notification of the land in question and pursuant to the cancellation of the
preceding sale deed which is duly stamped; and
(b) by or between the concerned persons, in connection with the Karnataka
Aerospace Policy 2013-23, specified in the Government Order No.CI 17 SPI
2012, dated:06-02-2013 or specified by the State Government from time to time.]9
28
9
[Provided also that, the State Government may, in public interest by notification reduce or
remit stamp duty payable on instruments specified in notification No.RD 144 MuNoMu 2003 dated:23-
9
04-2003. ]
12
[Provided also that the State Government may, in public interest, by notification till
25.03.2020 reduce or remit to the extent specified in the Tourism Policy 2015-2020 the stamp duty
payable on any instrument executed by or in favour of the ―eligible entities‖ as defined in connection
with the Karnataka Tourism Policy, 2015-2020 specified in the Government Order No.TD 81 TTT
2014, dated 26.03.2015 or specified by the State Government from time to time]12
10
[Provided also that the State Government may, in public interest, by notification, reduce or
th
remit, till 30 September 2019 the stamp duty payable on any instrument to be specified therein
executed by specified new and existing micro, small, medium enterprise (MSME), Large, Mega, Ultra
Mega, Super Mega enterprises including expansion, modernization and diversification projects as
defined in the Karnataka Industrial Policy 2014-2019 specified in the Government order CI 58 SPI
2013 dated: 01.10.2014 or by any such key projects of core area as defined in the said policy or
specified by the State Government from time to time]10
11
[Provided also that, the State Government may, in public interest, by notification, remit the
stamp duty payable on instruments executed by or in favour of the Government of Karnataka, the
Government Institutions, Public Sector Undertakings, farmers or other persons as specified in
Notification No. RD 71 MuNoMu 2014, dated 10-02-2016, in the following circumstances, namely:-
(i) when the farmer‘s land is acquired and in lieu of compensation amount, when
developed land is given as compensation;
(ii) when the farmer‘s land is acquired and from the compensation amount if the farmer
purchases agricultural or non-agricultural land; and
(iii) when the farmer‘s or other‘s land is acquired and from the compensation amount, if the
farmer or other person purchases agricultural or non-agricultural land;
for the purpose of the above exemption a certificate to that effect issued by the Deputy Commissioner
or the concerned Authority has to be furnished containing the details of the land acquired and the
11
details of the compensation given.]
13
[Provided also that the State Government may, in public interest, by notification, reduce or
th
remit, for a period of five years with effect from 16 January 2014, the stamp duty payable on any
instrument executed by or between the concerned persons, in connection with the new Investment
Incentive Policy (i.e. policy: IT, ITes, Innovation Incentives Policy) for the IT/ITes/Start-ups/ Animation
/Gaming / Computer Graphics /Telecom/ BPO/KPO/other knowledge based industries, specified by
general or special order of the State Government from time to time subject to production of a
13
certificate to that effect from the prescribed Authority]
14
[Provided also that the State Government may in public interest, by notification, with effect from
21st January, 2016, reduce or remit during the policy period, stamp duty payable on the instruments
to be specified therein, executed by or in favour of the eligible industrial enterprises, in connection
with the Karnataka Agribusiness and Food Processing Policy 2015, specified in the Government
st
Order No.AGD 94 AMS 2015, dated: 11.12.2015, published in the Karnataka Gazette, dated: 21
January, 2016 or any other modifications specified by the State Government from time to time subject
14
to production of a certificate to that effect from the Prescribed Authority.]
15
[Provided also that the State Government may, in public interest, by notification, remit, during the
policy period of five years from the date of 25-09-2017 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 Electric Vehicle and Energy Storage Policy 2017, specified in the
Government Order No. CI 117 SPI 2017, dated: 25.09.2017 or specified by the State Government
15
from time to time subject to production of a certificate to that effect from the Prescribed Authority.]
16
[Provided also that the State Government may, in public interest, by notification, reduce or remit,
the stamp duty payable on any instruments to be specified therein, executed by new and existing
micro, small, medium enterprises (MSME) Large, Mega, Ultra Mega, Super Mega Enterprises
including expansion, modernization and diversification project and in respect of any such projects as
specified in the Karnataka Industrial Policy 2020-25 subject to production of certificate to that effect
16
from the Director of Industries and Commerce.]
29
18
[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
18
Vendor‘s Atmanirbhar Nidhi).]
(b) provide for the composition or consolidation of duties in the case of issues by any
7
incorporated company or other body corporate of bonds [or other marketable securities, brokers‘
7
notes, policies of insurance and receipts.]
17
[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
17
certificate to that effect from the Prescribed Authority.]
4
[(1A) Notwithstanding anything contained in any other law for the time being in force, no
reduction or remission of stamp duty shall be allowed unless it is notified in accordance with sub-
4
section (1).]
1
[(2) Every rule or order published under clause (a) of sub-section (1) shall be laid as soon as may
be after it is published before each House of the State Legislature while it is in session for a total
period of thirty days which may be comprised in one session or in two successive sessions, and if
before the expiry of the session in which it is so laid or the session immediately following both Houses
agree in making any modification in the rule or order or both Houses agree that the rule or order
should not be made, the rule or order shall thereafter have effect only in such modified form or be of
no effect, as the case may be; so however that any such modification or annulment shall be without
1
prejudice to the validity of anything previously done under that rule or order.]
B.—Of Stamps and the mode of using them.
4. Inserted by Act 5 of 1998 w.e.f 01.04.1998.
6. Substituted by Act 9 of 2010 w.e.f 03.04.2010.
9. Inserted by Act 19 of 2014 w.e.f 01.03.2014
10. Inserted by Act 3 of 2015 w.e.f 01.10.2014
12. Inserted by Act 9 of 2016 w.e.f. 01.04.2016
16. Deemed to have been inserted by Act 55 of 2020 w.e.f. 19.11.2020.
18. Inserted by Act 03 of 2023 w.e.f.12.01.2023.
10. Duties how to be paid.- (1) Except as otherwise expressly provided in this Act, all duties
with which any instruments are chargeable shall be paid, and such payment shall be indicated on
such instruments, by means of stamps,—
(a) according to the provision herein contained; or
(b) when no such provision is applicable thereto, as the Government may by rule direct.
(2) The rules made under sub-section (1) may, among other matters, regulate,-
(a) in the case of each kind of instrument—the description of stamps which may be used;
1
[(b) in case of an instrument affixed or endorsed with certificate of stamp the
1
manner of recording such certificate.]
30
1
[(3) Subject to the rules made under clause (b) of sub-section (1), the Chief Controlling
Revenue Authority or any other officer empowered by the State Government in this behalf may
authorise any person, body or organisation, including Post Offices and Banks, to use machine for
2
making impression of stamps [or implement Computerised Stamp duty administration system or
Electronic Stamping or Dematerialisation of stamping; for indicating the payment of stamp duty on any
2 1
Instrument or plain paper, as the case may be] ]
1
[10A. Payment of stamp duty by cash in certain cases.- (1) Notwithstanding anything
contained in section 10, the stamp duty payable on an instrument may also be paid in cash by challan
in the Banking Treasury or Treasury, counter signed by an officer empowered by the State
Government by notification in this behalf or by demand draft or by pay order drawn on a branch of any
scheduled bank. The officer so empowered shall, on production of such challan and after due
verification that the duty has been paid, or upon production of demand draft or pay order as the case
may be, certify in such manner as may be prescribed by endorsement on the instrument, of the
amount of the duty so paid.
1. Inserted Act 24 of 1999 w.e.f. 18.8.1999.
(2) An endorsement made on any instrument under sub-section (1) shall have the same effect as
if the duty of an amount equal to the amount stated in the endorsement has been paid in respect
thereof and such payment has been indicated on such instrument by means of stamps, in accordance
with requirements of section 10.
(3) Nothing in this section shall apply to,-
(i) the payment of stamp duty chargeable on the instruments specified in entry 91 of List I of the
Seventh Schedule to the Constitution of India; and
(ii) the instruments presented after two months from the date of their execution or first
1
execution.]
1 1
11. [X X X]
1. Omitted by Act 1 of 2008 w.e.f. 1.4.2003
1 1
12. [X X X]
13. Instruments stamped with impressed stamps how to be written.- Every instrument
written upon paper stamped with an impressed stamp shall be written in such manner that the stamp
may appear on the face of the instrument and cannot be used for or applied to any other instrument.
14. Only one instrument to be on same stamp.- No second instrument chargeable with duty
shall be written upon a piece of stamped paper upon which an instrument chargeable with duty has
already been written:
Provided that nothing in this section shall prevent any endorsement which is duly stamped or is not
chargeable with duty being made upon any instrument for the purpose of transferring any right
created or evidenced thereby, or of acknowledging the receipt of any money or goods the payment or
delivery of which is secured thereby.
15. Instruments written contrary to section 13 or 14 deemed unstamped.- Every instrument
written in contravention of section 13 or section 14 shall be deemed to be unstamped.
16. Denoting duty.- Where the duty with which an instrument is chargeable, or its exemption
from duty, depends in any manner upon the duty actually paid in respect of another instrument, the
payment of such last mentioned duty shall, if application is made in writing to the 1[Deputy
Commissioner]1 for that purpose, and on production of both the instruments, be denoted upon such
first mentioned instrument, by endorsement under the hand of the 1[Deputy Commissioner]1 or in
such other manner, if any, as the State Government may by rules prescribe.
C.—Of the time of Stamping Instruments.
17. Instruments executed in the 1[State of Karnataka]1.- All instruments chargeable with duty
and executed by any person in the 1[State of Karnataka]1 shall be stamped before or at the time of
execution.
31
1[Provided that nothing in this section shall apply to an instrument in respect of which stamp duty
has been paid under section 10A.]1
18. Instruments executed out of India.- (1) Every instrument chargeable with duty executed
only out of India may be stamped within three months after it has been first received in the 1[State of
Karnataka]1.
(2) Where any such instrument cannot, with reference to the description of stamp, prescribed
therefor, be duly stamped by a private person, it may be taken within the said period of three months
to the 1[Deputy Commissioner]1 who shall stamp the same, in such manner as the Government may
by rule prescribe, with a stamp of such value as the person so taking such instrument may require
and pay for.
19. Payment of duty on certain instruments liable to increased duty in the 1[State of
Karnataka]1.- Where any instrument of the nature described in any article in the Schedule and
relating to any property situate or to any matter or thing done or to be done in the 1[State of
Karnataka]1 is executed out of the said State and subsequently received in the said State,—
(a) the amount of duty chargeable on such instrument shall be the amount of duty chargeable
under the Schedule on a document of the like description executed in the 1[State of Karnataka]1 less
the amount of duty, if any, already paid on such instrument in any other State in India,
(b) and in addition to the stamps, if any, already affixed thereto, such instrument shall be stamped
with the stamps necessary for the payment of the duty chargeable on it under clause (a) of this
section, in the same manner and at the same time and by the same persons as though such
instrument were an instrument received in the 1[State of Karnataka]1 for the first time at the time
when it became chargeable with the higher duty, and
(c) the provisions contained in clause (b) of the proviso to subsection (3) of section 32 shall apply
to such instrument as if such were an instrument executed or first executed out of India and first
received in the 1[State of Karnataka]1 when it became chargeable to the higher duty aforesaid, but
the provision contained in clause (a) of the said proviso shall not apply thereto.
D.—Of Valuations for Duty.
20. Conversion of amount expressed in foreign currencies.- (1) Where an instrument is
chargeable with ad valorem duty in respect of any money expressed in any currency other than that of
India, such duty shall be calculated on the value of such money in the currency of India according to
the current rate of exchange on the day of the date of the instrument.
(2) The rate of exchange prescribed by the Central Government under sub-section (2) of section
20 of the Indian Stamp Act, 1[1899]1 (Central Act II of 1[1899]1) shall be deemed to be the current
rate of exchange for the conversion of any foreign currency for the purposes of calculating the duty
under sub-section (1).
21. Stock and marketable securities how to be valued.- Where an instrument is chargeable
with ad valorem duty in respect of any stock or of any marketable or other security, such duty shall be
calculated on the value of such stock or security according to the average price or the value thereof
on the day of the date of the instrument.
32
22. Effect of statement of rate of exchange or average price.- Where an instrument contains
a statement of current rate of exchange, or average price, as the case may require, and is stamped in
accordance with such statement, it shall, so far as regards the subject matter of such statement, be
presumed, until the contrary is proved, to be duly stamped.
23. Instruments reserving interest.- Where interest is expressly made payable by the terms of
an instrument, such instrument shall not be chargeable with duty higher than that with which it would
have been chargeable had no mention of interest been made therein.
24. Certain instruments connected with mortgages of marketable securities to be
chargeable as agreements.- (1) Where an instrument,—
(a) is given upon the occasion of the deposit of any marketable security by way of security for
money advanced or to be advanced by way of loan, or for an existing or future debt; or
(b) makes redeemable or qualifies a duly stamped transfer, intended as a security, of any
marketable security,
it shall be chargeable with duty as if it were an agreement or memorandum of an agreement
chargeable with duty under Article 5 of the Schedule.
(2) A release or discharge of any such instrument shall be chargeable with the like duty.
25. How transfer in consideration of debt, or subject to future payment etc., to be
charged.- Where any property is transferred to any person in consideration, wholly or in part, of any
debt due to him, or subject either certainly or contingently to the payment or transfer of any money or
stock, whether being or constituting a charge or encumbrance upon the property or not, such debt,
money, or stock is to be deemed the whole or part, as the case may be, of the consideration in
respect whereof the transfer is chargeable with ad valorem duty:
Provided that nothing in this section shall apply to any such certificate of sale as is mentioned in
Article 15 of the Schedule.
Explanation.- In the case of a sale of property subject to a mortgage or other encumbrance, any
unpaid mortgage money or money charged, together with the interest (if any) due on the same, shall
be deemed to be part of the consideration for the sale:
Provided that, where property subject to a mortgage is transferred to the mortgagee, he shall be
entitled to deduct from the duty payable on the transfer the amount of any duty already paid in respect
of the mortgage.
Illustrations.
(1) A owes B Rs. 1,000. A sells a property to B the consideration being Rs. 500 and the release
of the previous debt of Rs. 1,000. Stamp duty is payable on Rs. 1,500.
(2) A sells a property to B for Rs. 500 which is subject to a mortgage to C for Rs. 1,000 and
unpaid interest Rs. 200. Stamp duty is payable on Rs. 1,700.
(3) A mortgages a house of the value of Rs. 10,000 to B for Rs. 5,000. B afterwards buys the
house from A. Stamp duty is payable on Rs. 10,000 less the amount of stamp duty already paid for
the mortgage.
26. Valuation in case of annuity, etc.- Where an instrument is executed to secure the payment
of annuity or other sum payable periodically, 1[x x x]1 the amount secured by such instrument, 1[x x
x]1 shall, for the purposes of this Act be deemed to be,—
1. Omitted by Act 12 of 1975 w.e.f. 1.5.1975.
(a) where the sum is payable for a definite period so that the total amount to be paid can be
previously ascertained—such total amount;
(b) where the sum is payable in perpetuity or for an indefinite time not terminable with any life in
being at the date of such instrument 1[x x x]1-the total amount which, according to the terms of such
instrument 1[x x x]1 will or may be payable during the period of twenty years calculated from the date
on which the first payment becomes due; and
33
(c) where the sum is payable for an indefinite time terminable with any life in being at the date of
such instrument 1[x x x]1—the maximum amount which will or may be payable as aforesaid during the
period of twelve years calculated from the date on which the first payment becomes due.
27. Stamp where value of subject matter is indeterminate.- Where the amount or value of the
subject matter of any instrument chargeable with ad valorem duty cannot be or could not have been,
ascertained at the date of its execution, or first execution, nothing shall be claimable under such
instrument more than the highest amount or value for which, if stated in an instrument of the same
description, the stamp actually used would, at the date of such execution, have been sufficient:
Provided that, in the case of the lease of mine in which royalty or a share of the produce is
received as the rent, or the part of the rent, it shall be sufficient to have estimated such royalty or the
value of such share, for the purpose of stamp duty,—
(a) when the lease has been granted by or on behalf of the Government, at such amount or value
as the 1[Deputy Commissioner]1 may, having regard to all the circumstances of the case,
have estimated as likely to be payable by way of royalty or share to the Government under the
lease; or
(b) when the lease has been granted by any other person, at twenty thousand rupees a year,
and the whole amount of such royalty or share, whatever it may be, shall be claimable under such
lease:
Provided also that, where proceedings have been taken in respect of any instrument under section
31 or 39 the amount certified by the 1[Deputy Commissioner]1 shall be deemed to be the stamp
actually used at the date of execution.
28. Facts affecting duty to be set forth in instrument.- 1[(1)]1 The consideration (if any) and all
other facts and circumstances affecting the chargeability of any instrument with duty, or the amount of
the duty with which it is chargeable, shall be fully and truly set forth therein.
1. Re-numbered by Act 17 of 1966 w.e.f. 15.11.1966.
1[(2) In the case of instruments relating to immovable property chargeable with an ad valorem duty
on the value of the property, and not on the value set forth, the instrument shall fully and truly set forth
the annual land revenue in the case of revenue paying land, the annual rental or gross assets, if any,
in the case of other immovable property, the local rates, municipal or other taxes, if any, to which such
property may be subject, and any other particulars which may be prescribed by rules made under this
Act.]1
1[(3) In the areas where section 45A is in force, the instruments referred to in the said section shall
fully and truly set forth the market value of the property which is the subject matter of the instrument
and such other particulars as the State Government may by rules prescribe.]1
1[28A, 28B. x x x]1
1[29. Direction as to duty in case of certain conveyances.- Where a sub-purchaser takes an
actual conveyance of the interest of the person immediately selling to him, which is chargeable with
advalorem duty in respect of the market value of the property which is the subject matter of
conveyance and is duly stamped accordingly, any conveyance to be afterwards made to him for the
same property by the original seller shall be chargeable with a duty equal to that which would be
chargeable on a conveyance for the market value of the property which is the subject matter of the
conveyance or where such duty would exceed ten rupees, with a duty of ten rupees.]1
34
E.—Duty by whom payable.
30. Duties by whom payable.- In the absence of an agreement to the contrary, the expense of
providing the proper stamp shall be borne,—
(a) in the case of any instrument described in any of the following Articles of the Schedule,
namely
No. 2 (Administration Bond),
No. 6 (Agreement relating to deposit of title deeds, pawn or pledge)
No. 12 (Bond),
No. 13 (Bottomry Bond),
No. [23] (Customs Bond),
No. [27] (Further Charge),
No. [29] (Indemnity Bond),
No. [34] (Mortgage Deed),
No. [45] (Release),
No. [46] (Respondentia Bond),
No. [47] (Security Bond or Mortgage Deed).
No. [48] (Settlement),
No. [52] (a)(Transfer of Debentures, being marketable securities, whether the debenture is liable to
duty or not),
[No.[52] (b) (Transfer of any interest secured by a bond, mortgage deed or
5
policy of insurance),
No. [56] (if relating to paper bank guarantee and e-bank guarantee).-]5
(b) in the case of a conveyance (including a reconveyance of mortgaged property) by the grantee;
in the case of a lease or agreement to lease—by the lessee or intended lessee;
(c) in the case of a counterpart of lease—by the lessor;
3 3
[(ca) in the case pf power of attorney by the principal;]
(d)in the case of an instrument of exchange—by the parties in equal shares;
2
[(dd) in the case of a certificate of enrolment in the roll of advocates maintained by the State Bar
2
Council—by the Advocate enrolled;]
(e) in the case of a certificate of sale—by the purchaser of the property to which such certificate
relates; and
(f) in the case of an instrument of partition—by the parties thereto in proportion to their respective
shares in the whole property partitioned, or, when the partition is made in execution of an order
passed by a Revenue authority or Civil Court or arbitrator, in such proportion as such authority, Court
or arbitrator directs.
4
[―(g) in the case of an acknowledgement of debt [Art. 1(i)] - by the Debtor;
(h) in the case of an acknowledgement of a letter, article, etc., [Art. 1(ii)] - by the Person owning
the letter, article etc.,;
(i) in the case of an adoption deed [Art.3]- by the adopter;
(j) in the case of an affidavit [Art.4] - by the executant;
(k) in the case of an agreement for sale of bill of exchange [Art.5(a)]- by the Purchaser;
(l) in the case of an agreement for purchase or sale of a Government security [Art.5(b)]- by the
purchaser;
(m) in the case of an agreement for purchase or sale of shares, stocks [Art.5(c)]- by the
purchaser;
(n) in the case of an agreement for transaction of lease-cum- sale[Art.5(d)] - by the lessee;
(o) in the case of any instrument of lease-cum-sale effected by the Bengaluru Development
Authority or the Karnataka Housing Board [Art.5 (da)] - by the Lessee;
(p) in the case of agreement for sale of immovable property [Art.5(e)] - by the purchaser;
35
(q) in the case of agreement for construction or development of an
immovable property [Art.5(f)] - by the developer;
(r) in the case of agreement for sale of movable property [Art. 5(g)]- by the purchaser;
(s) in the case of agreement to mortgage [Art. 5(h)]- by the mortgager;
(t) in the case of contract between the Depository Participant and client for opening de-mat
account [Art.5 (i)] - by the client;
(u) in the case of agreement relating to contract between stock broker or sub broker and client
(principal) for Stock Market operations [Art. 5 (i-a)] - by the client;
(v) in the case of agreement relating to advertisement or telecasting or broadcasting of
programs for promotion and development of business [Art.5(i-b)] - by the advertiser;
(w) in the case of agreement relating to assignment or transfer of intellectual property rights
[Art.5(i-c)] - by the assignee;
(x) in the case of agreement relating to building works or labour or services (works contracts)
[Art.5 (i-d)] - by the person entrusting the works or availing the services;
(y) in the case of chit agreement [Art.5(i-e)] - by the chitster;
(z) in the case of agreement if not otherwise provided for [Art.5(j)] - by the executant;
(za) in the case of appointment in execution of a power [Art.-7] - by the executant;
(zb) in the case of appraisement or valuation [Art.-8] - by the person availing the services;
(zc) in the case of apprenticeship deed [Art.-9] - by the apprenticee;
(zd) in the case of articles of association of a company [Art.-10] - by the company;
(ze) in the case of award [Art.-11] - by the awardee;
(zf) in the case of cancellation of instruments [Art.-14] - by the executant;
(zg) in the case of certificate or other document evidencing the title of the holder thereof or any
other person, either to any share, scrip or stock [Art.-16]- by the company issuing share, scrip or
stock;
(zh) in the case of charter-party [Art.-18]- by the charterer or shipper;
(zi) in the case of clearance list [Art.18-A]- by the investors;
(zj) in the case of composition deed [Art.19]- by the debtor;
(zk) in the case of copy or extract [Art.21]- by the applicant;
(zl) in the case of counterpart or duplicate [Art.22]- by the person who paid the stamp duty on the
original document;
(zm) in the case of delivery order in respect of goods [Art.24] - by the importer;
(zn) in the case of divorce deed of marriage [Art.25]- by the divorcer;
(zo) in the case of gift deed [Art.28]- by the donee;
(zp) in the case of letter of allotment of shares, in any company [Art.31]- by the company;
(zq) in the case of letter of licence [Art.32] - by the debtor;
(zr) in the case of licence of immovable or moveable property [Art.32-A] - by the licensee;
(zs) in the case of memorandum of association of a company [Art.33] - by the company;
(zt) in the case of mortgage of a crop [Art.35] - by the mortgagor;
(zu) in the case of Notarial act [Art.36] - by the applicant;
(zv) in the case of Note or Memorandum or record of transactions (electronic or otherwise) - Sent
by a broker or agent [Art.37]- by the Investors;
(zw) in the case of Note of protest by the master of a ship [Art.38]- by the charterer or shipper or
the consignee or the importer as the case may be;
(zx) in the case of partnership- instrument of constitution [Art.40(A)] - by the partnership firm;
(zy) in the case of partnership- instrument of reconstitution [Art.40(B)] - by the partnership firm;
(zz) in the case of partnership – instrument of dissolution [Art.40-(C)(a)] - by the outgoing partner
to whom the property is allotted;
(zza) in any other case [Art.40-(C)(b)]- by the partnership firm;
(zzb) in the case of limited liability partnership [Art.40-A]- by the limited liability partnership;
(zzc) in the case of protest of bill or note [Art.42] - by the beneficiary;
(zzd) in the case of protest by the master of a ship [Art.43]- by the charterer or shipper or the
consignee or the importer as the case may be;
(zze) in the case of share warrants, to bearer issued under the Companies Act. [Art.49]- by the
company;
(zzf) in the case of shipping order [Art.50]- by the shipper;
(zzg) in the case of surrender of lease [Art.51]- by the lessee;
(zzh) in the case of transfer- of any property under section 25 of the Administrator General Act,
1963 [Art.52-(c)]- by the beneficiary;
(zzi) in the case of transfer- of any trust property [Art.52-(d)]- by the trust or trustee or beneficiary
as the case may be;
(zzj) in the case of transfer of lease [Art.53] - by the transferee;
36
(zzk) in the case of transfer of licence [Art.53-A]- by the transferee;
(zzl) in the case of Trust- declaration of or concerning, any property [Art.54]- by the author of the
Trust; and
(zzm) in the case of warrant for goods [Art.55]- by the owner of the
4
goods;‖]
5. Substituted by Act 04 of 2024 w.e.f.03.02.2024
CHAPTER III
ADJUDICATION AS TO STAMPS
31. Adjudication as to proper stamp.- (1) When any instrument, whether executed or not and
whether previously stamped or not is brought to the 1[Deputy Commissioner]1, and the person
bringing it applies to have the opinion of that officer as to the duty (if any) with which it is chargeable,
and pays a fee of 2[one hundred rupees]2, the 1[Deputy Commissioner]1 shall determine the duty (if
any) with which, in his judgment, the instrument is chargeable.
(2) For this purpose the 1[Deputy Commissioner]1 may require to be furnished with an abstract of
the instrument, and also with such affidavit or other evidence as he may deem necessary to prove
that all the facts and circumstances affecting the chargeability of the instrument with duty, or the
amount of the duty with which it is chargeable, are fully and truly set forth therein, and may refuse to
proceed upon any such application, until such abstract and evidence have been furnished
accordingly:
Provided that,-
(a) no evidence furnished in pursuance of this section shall be used against any person in any
civil proceeding except in any enquiry as to the duty with which the instrument to which it relates is
chargeable; and
(b) every person by whom any such evidence is furnished, shall, on payment of the full duty with
which the instrument to which it relates, is chargeable, be relieved from any penalty which he may
have incurred under this Act by reason of the omission to state truly in such instrument any of the
facts or circumstances aforesaid.
32. Certificate by 1[Deputy Commissioner]1.- (1) When an instrument brought to the 1[Deputy
Commissioner]1 under section 31, is in his opinion, one of a description chargeable with duty, and,-
(a) the 1[Deputy Commissioner]1 determines that it is already fully stamped, or
(b) the duty determined by the 1[Deputy Commissioner]1 under section 31, or such a sum as, with
the duty already paid in respect of the instrument, is equal to the duty so determined, has
been paid,
the 1[Deputy Commissioner]1 shall certify by endorsement on such instrument that the full duty
(stating the amount) with which it is chargeable has been paid.
(2) When such instrument is, in his opinion, not chargeable with duty, the 1[Deputy
Commissioner]1 shall certify in manner aforesaid that such instrument is not so chargeable.
37
(3) 1[Subject to any orders made under Chapter VI, any instrument upon which]1 an
endorsement has been made under this section shall be deemed to be duly stamped or not
chargeable with duty, as the case may be; and, if chargeable with duty, shall be receivable in
evidence or otherwise, and may be acted upon and registered as if it had been originally duly
stamped:
Provided that nothing in this section shall authorise the 1[Deputy Commissioner]1 to endorse,—
(a) any instrument executed or first executed in India and brought to him after the expiration of
one month from the date of its execution, or first execution, as the case may be;
(b) any instrument executed or first executed out of India and brought to him after the expiration
of three months after it has been first received in the 1[State of Karnataka]1; or
(c) any instrument chargeable 1[with a duty not exceeding fifteen naye paise]1 or a mortgage of
crop [Article 1[35]1(a) of the Schedule] chargeable under clause (a) or (b) of section 3 with a duty of
twenty-five naye paise, when brought to him, after the execution thereof, on paper not duly stamped.
CHAPTER IV
INSTRUMENTS NOT DULY STAMPED
33. Examination and impounding of instruments.- (1) Every person having by law or consent
of parties authority to receive evidence, and every person in charge of a public office, except an
officer of police, before whom any instrument, chargeable in his opinion, with duty, is produced or
comes in the performance of his functions, shall, if it appears to him that such instrument is not duly
stamped, impound the same.
(2) For that purpose every such person shall examine every instrument so chargeable and so
produced or coming before him, in order to ascertain whether it is stamped with a stamp of the value
and description required by the law in force in the 1[State of Karnataka]1 when such instrument was
executed or first executed:
Provided that,—
(a) nothing herein contained shall be deemed to require any Magistrate or Judge of a Criminal
Court to examine or impound, if he does not think fit so to do, any instrument coming before him in the
course of any proceeding other than a proceeding under Chapter XII or Chapter XXXVI of the Code of
Criminal Procedure, 1898;
(b) in the case of a Judge of the High Court, the duty of examining and impounding any
instrument under this section may be delegated to such officer as the Court appoints in this behalf.
(3) For the purposes of this section, in cases of doubt, the Government may determine,—
(a) what offices shall be deemed to be public offices; and
(b) who shall be deemed to be persons in charge of public offices.
34. Instruments not duly stamped inadmissible in evidence, etc.- No instrument chargeable
with duty shall be admitted in evidence for any purpose by any person having by law or consent of
parties authority to receive evidence, or shall be acted upon, registered or authenticated by any such
person or by any public officer, unless such instrument is duly stamped:
Provided that,—
(a) any such instrument not being an instrument chargeable 1[with a duty not exceeding fifteen
naye paise]1 only, or a mortgage of crop [Article 1[35]1 (a) of the Schedule] chargeable under clauses
(a) and (b) of section 3 with a duty of twenty-five naye paise shall, subject to all just exceptions, be
admitted in evidence on payment of the duty with which the same is chargeable, or, in the case of an
instrument insufficiently stamped, or the amount required to make up such duty, together with a
38
penalty of five rupees, or, when ten times the amount of the proper duty or deficient portion thereof
exceeds five rupees, of a sum equal to ten times such duty or portion;
(b) where a contract or agreement of any kind is effected by correspondence consisting of two or
more letters and any one of the letters bears the proper stamp, the contract or agreement shall be
deemed to be duly stamped;
(c) nothing herein contained shall prevent the admission of any instrument in evidence in any
proceeding in a Criminal Court, other than a proceeding under Chapter XII or Chapter XXXVI of the
Code of Criminal Procedure, 1898;
(d) nothing herein contained shall prevent the admission of any instrument in any Court when
such instrument has been executed by or on behalf of the Government, or where it bears the
certificate of the 1[Deputy Commissioner]1 as provided by section 32 or any other provision of this Act
2[and such certificate has not been revised in exercise of the powers conferred by the provisions of
Chapter VI]2.
35. Admission of instrument where not to be questioned.- Where an instrument has been
admitted in evidence such admission shall not, except as provided in section 58, be called in question
at any stage of the same suit or proceeding on the ground that the instrument has not been duly
stamped.
36. Admission of improperly stamped instruments.- The State Government may make rules
providing that, where an instrument bears a stamp of sufficient amount but of improper description, it
may, on payment of the duty with which the same is chargeable, be certified to be duly stamped, and
any instrument so certified shall then be deemed to have been duly stamped as from the date of its
execution.
37. Instruments impounded how dealt with.- (1) When the person impounding an instrument
under section 33 has by law or consent of parties authority to receive evidence and admits such
instrument in evidence upon payment of a penalty as provided by section 34 or of duty as provided by
section 36, he shall send to the 1[Deputy Commissioner]1 an authenticated copy of such instrument,
together with a certificate in writing, stating the amount of duty and penalty levied in respect thereof,
and shall send such amount to the 1[Deputy Commissioner]1 or to such person as he may appoint in
this behalf.
(2) In every other case, the person so impounding an instrument shall send it in original
to the 1[Deputy Commissioner]1.
38. 1[Deputy Commissioner]1's power to refund penalty paid under sub-section (1) of
section 37.- (1) When a copy of an instrument is sent to the 1[Deputy Commissioner]1 under sub-
section (1) of section 37, he may, if he thinks fit, refund any portion of the penalty in excess of five
rupees which has been paid in respect of such instrument.
(2) When such instrument has been impounded only because it has been written in contravention
of section 13 or section 14, the 1[Deputy Commissioner]1 may refund the whole penalty so paid.
39. 1[Deputy Commissioner]1's power to stamp instruments impounded.- (1) When the
1[Deputy Commissioner]1 impounds any instrument under section 33, or receives any instrument sent
to him under sub-section (2) of section 37, not being an instrument chargeable 1[with a duty not
exceeding fifteen naye paise]1 only or a mortgage of crop [Article 1[35]1 (a) of the Schedule]
39
chargeable under clause (a) or (b) of section 3 with a duty of twenty-five naye paise, he shall adopt
the following procedure:—
(a) if he is of opinion that such instrument is duly stamped, or is not chargeable with duty, he shall
certify by endorsement thereon that it is duly stamped, or that it is not so chargeable, as the case may
be;
(b) if he is of opinion that such instrument is chargeable with duty and is not duly stamped he
shall require the payment of the proper duty or the amount required to make up the same, together
with a penalty of five rupees; or if he thinks fit; an amount not exceeding ten times the amount of the
proper duty or of the deficient portion thereof, whether such amount exceeds or falls short of five
rupees:
Provided that, when such instrument has been impounded only because it has been written in
contravention of section 13 or section 14, the 1[Deputy Commissioner]1 may, if he thinks fit, remit the
whole penalty prescribed by this section.
(2) 1[Subject to any orders made under Chapter VI, every certificate]1 under clause (a) of sub-
section (1) shall, for the purposes of this Act be conclusive evidence of the matters stated therein.
(3) Where an instrument has been sent to the 1[Deputy Commissioner]1 under sub-section (2) of
section 37, the 1[Deputy Commissioner]1 shall, when he has dealt with it as provided by this section,
return it to the impounding officer.
40. Instruments unduly stamped by accident.- If any instrument chargeable with duty and not
duly stamped, not being an instrument chargeable 1[with a duty not exceeding fifteen naye paise]1 or
a mortgage of crop [Article 1[35]1 (a) of the Schedule] chargeable under clause (a) or (b) of section 3
with a duty of twenty-five naye paise is produced by any person of his own motion before the
1[Deputy Commissioner]1 within one year from the date of its execution or first execution and such
person brings to the notice of the 1[Deputy Commissioner]1 the fact that such instrument is not duly
stamped and offers to pay to the 1[Deputy Commissioner]1 the amount of the proper duty, or the
amount required to make up the same, and the 1[Deputy Commissioner]1 is satisfied that the
omission to duly stamp such instrument has been occasioned by accident, mistake or urgent
necessity, he may, instead of proceeding under sections 33 and 39, receive such amount and
proceed as next hereinafter prescribed.
41. Endorsement of instruments on which duty has been paid under section 34, 39 or 40.-
(1) When the duty and penalty (if any) leviable in respect of any instrument have been paid under
section 34, section 39 or section 40, the person admitting such instrument in evidence or the 1[Deputy
Commissioner]1, as the case may be, shall certify by endorsement thereon that the proper duty or, as
the case may be, the proper duty and penalty (stating the amount of each) have been levied in
respect thereof and the name and residence of the person paying them.
(2) Every instrument so endorsed shall thereupon be admissible in evidence, and may be
registered and acted upon and authenticated as if it had been duly stamped, and shall be delivered on
his application in this behalf to the person from whose possession it came into the hands of the officer
impounding it, or as such person may direct:
Provided that,—
(a) no instrument which has been admitted in evidence upon payment of duty and a penalty
under section 34, shall be so delivered before the expiration of one month from the
40
date of such impounding, or if the 1[Deputy Commissioner]1 has certified that its further detention is
necessary and has not cancelled such certificate;
(b) nothing in this section shall affect order XIII, rule 9 of the First Schedule to the Code of Civil
Procedure, 1908.
42. Prosecution for offence against stamp law.- The taking of proceedings or the payment of
a penalty under this Chapter in respect of any instrument shall not bar the prosecution of any person
who appears to have committed an offence against the law relating to stamps in respect of such
instrument:
Provided that no such prosecution shall be instituted in the case of any instrument in respect of
which such a penalty has been paid, unless it appears to the 1[Deputy Commissioner]1 that the
offence was committed with an intention of evading payment of the proper duty.
43. Persons paying duty or penalty may recover same in certain cases.- (1) When any duty
or penalty has been paid under section 34, section 36, section 39 or section 40, by any person in
respect of an instrument, and by agreement or under the provisions of section 30 or any other
enactment in force at the time such instrument was executed, some other person was bound to bear
the expense of providing the proper stamp for such instrument, the first-mentioned person shall be
entitled to recover from such other person the amount of the duty or penalty so paid.
(2) For the purpose of such recovery any certificate granted in respect of such instrument under
this Act shall be conclusive evidence of the matters therein certified.
(3) Such amount may, if the Court thinks fit, be included in any order as to costs in any suit or
proceeding to which such persons are parties and in which such instrument has been tendered in
evidence. If the Court does not include the amount in such order, no further proceedings for the
recovery of the amount shall be maintainable.
44. Power to Revenue authority to refund penalty or excess duty in certain cases.- (1)
Where any penalty is paid under section 34 or section 39, the Chief Controlling Revenue Authority
may, upon application in writing made within one year from the date of the payment, refund such
penalty wholly or in part.
(2) Where, in the opinion of the Chief Controlling Revenue Authority, stamp duty in excess of that
which is legally chargeable has been charged and paid under 1[any of the provisions of this Act]1,
such authority may, upon application in writing made 1[within six months from the date of registration
of the instrument or the order charging the same]1, refund the excess.
1[Provided that with the sanction of the State Government the Chief Controlling Revenue Authority
may make the refund after the period specified in sub-section (1) or (2).]1
45. Non-liability for loss of instruments sent under section 37.- (1) If any instrument sent to
the 1[Deputy Commissioner]1 under sub-section (2) of section 37 is lost, destroyed or damaged
during transmission, the person sending the same shall not be liable for such loss, destruction or
damage.
(2) When any instrument is about to be so sent, the person from whose possession it came into
the hands of the person impounding the same, may require a copy thereof to be made at the expense
of such first-mentioned person and authenticated by the person impounding such instrument.
1 2
[45A. Instrument of conveyance, etc. undervalued how to be dealt with.- [(1) If the
registering officer appointed under the Registration Act, 1908 (Central Act XVI of 1908) while
3
registering [any instrument of,-
(a) Conveyance [section 2(1)(d) ]; (b) Gift [Article 28(a)];
41
(c) Exchange of property (Article 26); (d) Settlement (Article 48-A(i)) (e)
Reconstitution of Partnership (Article 40-B (a) );
(f) Dissolution of partnership (Article 40-C (a) );
(g) An agreement to sell covered under sub-clause (i) of clause (e) of Article 5;
7 8 8 7
[(h) a lease covered under item [(vi)] of Article 30;]
7 7
(i) A power of Attorney covered [under clause (e), clause (ea) and clause (eb)] of Article 41;
6 6
(j) Release [(Article 45-(a)] ;
(k)Conveyance under a decree or final order of any Civil Court
has reason to believe]3 having regard to the estimated market value published by the Committee
constituted under section 45B, if any or otherwise, that the market value of the property which is the
subject matter of such instrument has not been truly set forth, he shall after arriving at the estimated
market value, communicate the same to the parties and unless the parties pay the duty on the basis
of such valuation, shall keep pending the process of registration and refer the matter along with a
copy of such instrument to the Deputy Commissioner for determination of the market value of property
1
and the proper duty payable thereon.]
5
[(l) Agreement [Article 5(f)]
(m) Award [Article 11(a)]
5
(n) Trust [Article 54 (A) (iii)]
9 9
[(o) Transferable Development Rights [ Article 20(7)].]
1. Inserted by Act 12 of 1975 w.e.f. 1.5.1975 in Bangalore City, Hubli-Dharwad City,

Municipalities of Mysore, Mangalore, Belgaum, Gulbarga, Bellary, Davanagere, Bijapur,
Shimoga and Bhadravathi and w.e.f. 1.4.1991 in other areas of the State by notification.
3. Substiuted by Act 8 of 2003 w.e.f. 1.4.2003.
7. Substituted by Act 9 of 2009 w.e.f..1.4.2009.
8. Substituted by Act 8 of 2010 w.e.f.1.4.2010.
(2) On receipt of a reference under sub-section (1), the Deputy Commissioner shall, after giving
the parties a reasonable opportunity of being heard and after holding an inquiry in such manner as the
State Government may by rules prescribe, determine by order 1[as for as may be within ninety days
from the date of receipt of such reference]1 the market value of the property which is the 2[subject
matter of instrument specified in sub-section (1) and the duty payable thereon.]2 The difference, if
3
any, in the amount of duty, shall be payable by the person liable to pay the duty. [with interest at
twelve percent per annum if he does not pay within ninety days from the date of order of the Deputy
3
Commissioner]
3 st
[Provided that the payment of interest is not applicable to instruments executed prior to 31 day of
3
March, 2006.]
(3) The Deputy Commissioner may, suo motu within two years from the date of registration of
1[any instrument specified in sub-section (1)]1 not already referred to him under sub-section (1), call
for and examine the instrument for the purpose of satisfying himself as to the correctness of the
market value of the property which is the 1[subject matter of any instrument specified in sub-section
(1) and the duty payable thereon]1 and if after such examination he has reason to believe that the
market value of such property has not been truly set forth in the instrument, he may determine by
order the market value of such property and the duty payable thereon in accordance with the
procedure provided for in sub-section (2). The difference, if any, in the amount of duty, shall be
42
2
payable by the person liable to pay the duty [with interest at twelve percent per annum if he does not
2
pay within ninety days from the date of order of the Deputy Commissioner] :
Provided that nothing in this sub-section shall apply to any instrument registered before the
commencement of the Karnataka Stamp (Amendment) Act, 1975
2
[Provided further that the payment of interest is not applicable to instruments executed prior to
st 2
31 day of March 2006.] .
(4) The order of the Deputy Commissioner under sub-section (2) or (3) shall be communicated to
the person liable to pay the duty. A copy of every such order shall be sent to the registering officer
concerned.
(5) Any person aggrieved by an order of the Deputy Commissioner under sub-section (2) or sub-
1 1
section (3) may, prefer an appeal before the [Regional Commissioner] and all such appeals shall be
preferred within such time and be heard and disposed off in such manner as the State Government
1
may by rules prescribe.]
1
[Provided that no appeal shall be admitted unless the person aggrieved has deposited, in the
prescribed manner, fifty percent of the difference in the amount of duty as determined by the Deputy
Commissioner under sub-section (2) or (3):
1. Proviso 1,2 and 3 inserted by Act 24 of 1999 w.e.f. 18.8.1999.
Provided further that where after the determination of the market value by the Appellate Authority
or determined again by the Deputy Commissioner on a remand of the case the stamp duty borne is
found to be sufficient, the amount deposited shall be returned to the person concerned:
1[Provided also that such person shall pay the difference in duty along with interest at twelve
percent per annum if he does not pay with in ninety days from the date of order of the Deputy
Commissioner or sixty days from the date of order of the Appellate Authority, so however, the
payment of interest is not applicable to instruments executed prior to eighteenth day of August
1999]1]1
1[Explanation.- x x x ]1
1
[45B. Constitution of Central Valuation Committee.- (1) The State Government shall by
notification, constitute a Central Valuation Committee, under the chairmanship of Inspector General of
Registration and Commissioner of Stamps, for estimation, publication and revision of market value
guidelines of properties in any area in the State at such intervals and in such manner as may be
prescribed, for the purpose of section 45-A.
(2) The Central Valuation Committee is the final authority for the formulation of policy,
methodology and administration of the market value guidelines in the State and may for the said
purpose constitute market valuation sub-committees in each sub-district and district comprising of
such members as may be prescribed, for estimation and revision of the market value guidelines in the
State.
(3)Sub-committees so constituted shall function under the Central Valuation Committee and shall
follows such procedures as may be prescribed and shall be subject to reconstitution whenever found
1
necessary.]
1. Subsections (1) to (3) substituted by Act 8 of 2003 w.e.f. 1.4.2003
46. Recovery of duties and penalties.- 1[(1)] 1 All duties, penalties and other sums required to
be paid under this Chapter may be recovered 2[along with simple interest at such rate as may be
specified by the State Government by notification]2 by the 3[Deputy Commissioner]3 by distress and
43
sale of the moveable property of the person from whom the same are due, or by any other process for
the time being in force for the recovery of arrears of land revenue.
1. Re-numbered by Act 11 of 1991 w.e.f. 1.4.1991.
1 2
[ [(2) All duties, penalties and other sums required to be paid under this Chapter shall be a
2
charge on the property which is t he subject matter of the Instrument:]
1. Sub-sections (2) and (3) Substituted by Act 24 of 1999 w.e.f. 18.8.1999
Provided that the provisions of sub-section (2) shall be deemed to apply to all cases of which
are pending recovery and to proceedings under sub-section (1) which have already been initiated.
(3) Notwithstanding anything contained in the Registration Act, 1908 (Central Act XVI of 1908), a
note of such charge and its extinguishments shall be made in the indices prescribed therein and shall
be deemed to be a notice under the said Act]1
1
[46A. Recovery of stamp duty not levied or short levied.- (1) Where any instrument
chargeable with duty has not been duly stamped, the Chief Controlling Revenue Authority or any
other officer authorised by the State Government (hereinafter referred to as the authorised officer)
may, within 2[five years]2 from the date of commencement of the Karnataka Stamp (Amendment) Act,
1980 or the date on which the duty became payable whichever is later, serve notice on the person by
whom the duty was payable requiring him to show cause why the proper duty or the amount required
to make up the same should not be collected from him:
Provided that where the non-payment was by reason of fraud, collusion or any wilful mis-statement
or suppression of facts or contravention of any of the provisions of this Act or of the rules made
thereunder with intent to evade payment of duty, the provisions of this sub-section shall have effect,
2 2 2
as if for the words [five years]2 the words [ten years] were substituted:
Provided further that nothing in this sub-section shall apply to instruments executed prior to first
day of April, 1972.
Explanation.— Where the service of a notice, under this sub-section is stayed by an order of a
court, the period of such stay shall be excluded in computing the aforesaid period of 1 [five years]1 or
1[ten years]1, as the case may be.
(2) The Chief Controlling Revenue Authority or the authorised officer shall, after considering the
representation, if any, made by the person on whom notice is served under sub-section (1), determine
the amount of duty due from such person (not being in excess of the amount specified in the notice)
and thereupon such person shall pay the amount so determined.
(3) Any person aggrieved by an order under sub-section (2), may prefer an appeal before the
Karnataka Appellate Tribunal within three months from the date of such order.
1[(4) All duties payable under this section shall be recovered in accordance with provisions of
section 46.]1]1
1[46B. Duties, penalties etc, to be certified.- All duties whether proper or deficit, penalties, or any
other sums paid or recovered under any of the provisions of this Act shall be certified on the
1
instruments in the manner prescribed]
CHAPTER V
ALLOWANCES FOR STAMPS IN CERTAIN CASES
44
47. Allowance for spoiled stamps.- Subject to such rules as may be made by the State
Government as to evidence to be required, or the enquiry to be made, the 1[Deputy Commissioner]1
may, on application made within the period prescribed in section 48, and if he is satisfied as to the
facts, make allowance for impressed stamps spoiled in the cases hereinafter mentioned, namely:—
(a) the stamp on any paper inadvertently and undesignedly spoiled, obliterated or by error in
writing or any other means rendered unfit for the purpose intended before any instrument written
thereon is executed by any person;
(b) the stamp on any document which is written out wholly or in part, but which is not signed or
executed by any party thereto;
(c) the stamp used for an instrument executed by any party thereto which,—
(1) has been afterwards found to be absolutely void in law from the beginning;
(2) has been afterwards found unfit, by reason of any error or mistake therein, for the purpose
originally intended;
(3) by reason of the death of any person by whom it is necessary that it should be executed,
without having executed the same, or of the refusal of any such person to execute the same, cannot
be completed so as to effect the intended transaction in the form proposed;
(4) for want of the execution thereof by some material party, and his inability or refusal to sign the
same, is in fact incomplete and insufficient for the purpose for which it was intended;
(5) by reason of the refusal of any person to act under the same, or to advance any money
intended to be thereby secured, or by the refusal or non-acceptance of any office thereby granted,
totally fails of the intended purpose;
(6) becomes useless in consequence of the transaction intended to be thereby effected, being
effected by some other instrument between the same parties and bearing a stamp of not less value;
(7) is deficient in value and the transaction intended to be thereby effected has been effected by
some other instrument between the same parties and bearing a stamp of not less value;
(8) is inadvertently and undesignedly spoiled, and in lieu whereof another instrument made
between the same parties and for the same purpose is executed and duly stamped:
Provided that, in the case of an executed instrument, no legal proceeding has been commenced in
which the instrument could or would have been given or offered in evidence and that the instrument is
given up to be cancelled.
Explanation.— The certificate of the 1[Deputy Commissioner]1 under section 32, that the full duty
with which an instrument is chargeable has been paid, is an impressed stamp within the meaning of
this section.
48. Application for relief under section 47 when to be made.- The application for relief under
section 47 shall be made within the following periods, that is to say,—
(1) in the cases mentioned in clause (c)(5), within 1[six months]1 of the date of the instrument;
(2) in the case of a stamped paper on which no instrument has been executed by any of the
parties thereto, within 1[one year]1 after the stamp has been spoiled;
(3) in the case of a stamped paper in which an instrument has been executed by any of the
parties thereto, within 1[one year]1 after the date of the instrument or, if it is not dated, within 1[one
year]1 after execution thereof by the person by whom it was first or alone executed;
Provided that,—
45
(a) when the spoiled instrument has been for sufficient reasons sent out of the 1[State of
Karnataka]1 the application may be made within 2[one year]2 after it has been received back in the
1[State of Karnataka]1;
(b) when, from unavoidable circumstances, any instrument for which another instrument has been
substituted, cannot be given up to be cancelled within the aforesaid period, the application may be
made within 1[one year]1 after the date of execution of the substituted instrument.
49. Allowance in case of printed forms no longer required by Corporations.- The Chief
Controlling Revenue Authority may, without limit of time, make allowance for stamped papers used for
printed forms of instruments by any banker or by any incorporated company or other body corporate,
if for any sufficient reason such forms have ceased to be required by the said banker, company or
body corporate: provided that such authority is satisfied that the duty in respect of such stamped
papers has been duly paid.
50. Allowance for misused stamps.- (a) When any person has inadvertently used for an
instrument chargeable with duty, a stamp of a description other than that prescribed for such
instrument by the rules made under this Act, or a stamp of greater value than was necessary
or has inadvertently used any stamp for an instrument not chargeable with any duty; or
(b) when any stamp used for an instrument has been inadvertently rendered useless under
section 15, owing to such instrument having been written in contravention of the provisions of
section 13;
the 1[Deputy Commissioner]1 may, on application made within 2[one year]2 after the date of the
instrument, or, if it is not dated, within 2[one year]2 after the execution thereof by the person by whom
it was first or alone executed, and upon the instrument, if chargeable with duty being re-stamped with
the proper duty, cancel and allow as spoiled the stamp so misused or rendered useless.
1[51. Allowance for spoiled or misused stamps how to be made.- In any case in which
allowance is made for spoiled or misused stamps, the Deputy Commissioner may, after deducting
twenty paise for each rupee or a fraction thereof, give in lieu thereof,-
(a) other stamps of the same description ; or
(b) if required and if he thinks fit, stamps of any, other description; or
(c) at his discretion the value in money equal to the discounted value.]1
52. Allowance for stamps not required for use.- 1[(1)]1 When any person is possessed of a
stamp or stamps which have not been spoiled or rendered unfit or useless for the purpose intended,
but for which he has no immediate use, the 3[Deputy Commissioner]3 shall repay to such person the
value of such stamp or stamps in money, deducting 2[ten naye paise]2 for each rupee or portion of a
rupee, upon such person delivering up the same to be cancelled, and proving to the 3[Deputy
Commissioner‘s]3 satisfaction—
1. Renumbered by Act 6 of 1999 w.e.f. 1.4.1999.
(a) that such stamp or stamps were purchased by such person with a bona fide intention to use
them; and
(b) that he has paid the full price thereof; and
46
(c) that they were so purchased within the period of 1[one year]1 next preceding the date on
which they were so delivered:
Provided that, where the person is a licensed vendor of stamps the 1[Deputy Commissioner]1
may, if he thinks fit, make the repayment of the sum actually paid by the vendor without any such
deduction as aforesaid.
1[(2) An appeal shall lie against the orders of the Deputy Commissioner within sixty days from the
date of the order passed under this chapter to the Chief Controlling Revenue Authority.]1
1
[52A. Power of State Government to grant relief.- Notwithstanding anything in the preceding
sections of this Chapter, the State Government, after consultation with the Chief Controlling Revenue
Authority, if satisfied that it is just and equitable to grant relief in any case or class of cases,—
3 3
(i) other than those to which any of the said sections is applicable; [XXX]
3 3
(ii) [XXX]
may by order direct the grant of such relief as may be specified in the order and the Deputy
1
Commissioner shall dispose of the case or class of cases conformably to such order.]
2
[Provided that the provisions of this section shall not apply to cases where refunds are claimed for
2
loss of stamps.]

1
[52-B. Invalidation of stamps.- Notwithstanding anything contained in Sections 47,48,49,50,51 and
52, any stamps, which have been purchased, but have not been used or in respect of which no
allowance has been claimed as under the provisions of the Act and the period of six months from the
date of purchase of such stamps has not elapsed, may be used before a period of six months from
the date of purchase of stamps or delivered for claiming the allowance within the period allowed for
claiming the same under the relevant provisions of the Act; but not beyond the period of six months
from the date of commencement of the Karnataka Stamp (Amendment) Act, 2017 whichever is later
1
and any stamps not so used or not so delivered within the period aforesaid shall be rendered invalid.]
CHAPTER VI
REFERENCE AND REVISION
53. Control of and statement of case to, Chief Controlling Revenue Authority.- (1) The
powers exercisable by a 1[Deputy Commissioner]1 under 1[any provision of this Act or any rule or
order made thereunder]1 shall in all cases be subject to the control of the Chief Controlling Revenue
Authority.
(2) If any 1[Deputy Commissioner]1 acting under section 31, section 39 or section 40, feels doubt
as to the amount of duty with which any instrument is chargeable, he may draw up a statement of the
case and refer it with his own opinion thereon, for the decision of the Chief Controlling Revenue
Authority.
47
(3) Such authority shall consider the case and send a copy of its decision to the 1[Deputy
Commissioner]1 who shall proceed to assess and charge the duty (if any) in conformity with such
decision.
1
[53A. Revision of order passed by Deputy Commissioner or Authorised officers.- (1) The
Chief Controlling Revenue Authority may except where the matter is pending before an appellate
authority under this Act, suo-motu, within a period of five years from the date of the order passed
under this Act by the Deputy Commissioner or such other officer authorised by the State Government
in this behalf, call for and examine the records relating to such order or proceedings taken under this
Act by the Deputy Commissioner or the authorised officer, and if after such examination it has reason
to believe that the order so made or proceedings so taken is erroneous or are not in accordance with
the provisions of this Act or prejudicial to the interest of the revenue, it may after giving the parties
interested an opportunity of being heard, pass an order in writing confirming, modifying or setting
aside such order and direct the Deputy Commissioner or the authorised officer, as the case may be to
collect the difference of duty, if any payable in accordance with the provisions of section 46:
Provided that in appropriate cases, the Chief Controlling Revenue Authority may order stay of
operation of the order under revision, pending hearing of the case.
(2) The Chief Controlling Revenue Authority may for the purpose of sub-section (1), require the
concerned person to produce before it, the instrument and examine such instrument to determine
whether any duty is chargeable or the duty is short levied or improperly levied on account of any wilful
mis-statement or suppression of facts made or of contravention of any of the provisions of this Act or
1
rules made thereunder by such person with intent to evade payment of duty.]
54. Statement of case by Chief Controlling Revenue Authority to High Court.- (1) The Chief
Controlling Revenue Authority may, state any case referred to it under sub-section (2) of section 53 or
otherwise coming to its notice, and refer such case, with its own opinion thereon, to the High Court.
(2) Every such case shall be decided by not less than three Judges of the High Court, and in case
of difference, the opinion of the majority shall prevail.
55. Power of High Court to call for further particulars as to case stated.- If the High Court is
not satisfied that the statements contained in the case are sufficient to enable it to determine the
questions raised thereby, the Court may refer the case back to the Revenue authority by which it was
stated, to make such additions thereto or alterations therein as the Court may direct in that behalf.
56. Procedure in disposing of case stated.- (1) The High Court, upon the hearing of any such
case, shall decide the questions raised thereby, and shall deliver its judgment thereon containing the
grounds on which such decision is founded.
(2) The Court shall send to the Revenue Authority by which the case was stated, a copy of such
judgment under the seal of the Court and the signature of the Registrar; and the Revenue Authority
shall, on receiving such copy, dispose of the case conformably to such judgment.
57. Statement of case by other Courts to High Court.- (1), If any Court, other than the High
Court, feels doubt as to the amount of duty to be paid in respect of any instrument under proviso (a) to
section 34, the Judge may draw up a statement of the case and refer it, with his own opinion thereon,
for the decision of the High Court.
(2) Such Court shall deal with the case as if it had been referred under section 54, and send a
copy of its judgment under the seal of the Court and the signature of the Registrar to the Chief
Controlling Revenue Authority and another like copy to the Judge making the reference, who shall, on
receiving such copy, dispose of the case conformably to such judgment.
(3) References made under sub-section (1), when made by a Court subordinate to a District
Court, shall be made through the District Court, and, when made by any subordinate Revenue Court,
shall be made through the Court immediately superior.
48
58. Revision of certain decisions of Courts regarding the sufficiency of stamps.- (1) When
any Court in the exercise of its Civil or Revenue jurisdiction or any Criminal Court in any proceeding
under Chapter XII or Chapter XXXVI of the Code of Criminal Procedure, 1898, makes any order
admitting any instrument in evidence as duly stamped or as not requiring a stamp, or upon payment of
duty and a penalty under section 34, the Court to which appeals lie from, or references are made by,
such first mentioned Court may, of its own motion or on the application of the 1[Deputy
Commissioner]1, take such order into consideration
(2) If such Court, after such consideration, is of opinion that such instrument should not have
been admitted in evidence without the payment of duty and penalty under section 34, or without the
payment of a higher duty and penalty than those paid, it may record a declaration to that effect, and
determine the amount of duty with which such instrument is chargeable, and may require any person
in whose possession or power such instrument then is, to produce the same, and may impound the
same when produced.
(3) When any declaration has been recorded under sub-section (2), the Court recording the same
shall send a copy thereof to the 1[Deputy Commissioner]1 and, where the instrument to which it
relates has been impounded or is otherwise in the possession of such Court, shall also send him such
instrument.
(4) The 1[Deputy Commissioner]1 may thereupon, notwithstanding anything contained in the
order admitting such instrument in evidence, or in any certificate granted under section 41, or in
section 42, prosecute any person for any offence against the stamp-law which the 1[Deputy
Commissioner]1 considers him to have committed in respect of such instrument:
Provided that,—
(a) no such prosecution shall be instituted where the amount (including duty and penalty) which,
according to the determination of such Court, was payable in respect of the instrument under section
34, is paid to the 1[Deputy Commissioner]1 unless he thinks that the offence was committed with an
intention of evading payment of the proper duty;
(b) except for the purpose of such prosecution, no declaration made under this section shall affect
the validity of any order admitting any instrument in evidence, or of any certificate granted under
section 41.
CHAPTER VII
CRIMINAL OFFENCES AND PROCEDURE
59. Penalty for executing, etc., instrument not duly stamped.- (1) Any person executing or
signing otherwise than as a witness any instrument chargeable with duty, without the same being duly
stamped shall for every such offence 1[be punishable with imprisonment for a term which shall not be
less than one month but which may extend to six months or with fine which may extend to five
thousand rupees or with both]1:
Provided that, when any penalty has been paid in respect of any instrument under section 34,
section 39 or section 58, the amount of such penalty shall be allowed in reduction of the fine (if any)
subsequently imposed under this section in respect of the same instrument upon the person who paid
such penalty.
(2) If a share-warrant is issued without being duly stamped, the company issuing the same, and
also every person who, at the time when it is issued, is the managing director or secretary or other
principal officer of the company, shall be punishable with fine which may extend to five hundred
rupees.
49
1[59A. Penalty for making false declaration in clearance list.- Any person who in a clearance list
makes a declaration which is false or which he either knows or believes to be false where it results in
loss of stamp duty to the State Government shall, on conviction be punishable with imprisonment for a
term which shall not be less than one month but which may extend to six months and with fine which
may extend to five thousand rupees.
1. Sections 59A and 59B inserted by Act 24 of 1999 w.e.f. 18.8.1999.
59B. Penalty for failure to produce documents.- Any person who,-
(i) fails to produce any register, book, record, paper, application, document, instrument or
proceedings for inspection, or
(ii) prevents or obstructs the inspection, entry, search or seizure by an officer, empowered under
this Act,
shall on conviction, be punishable with imprisonment for a term which shall not be less than one
month but which may extend to six months or with fine which may extend to five thousand rupees or
with both.]1
1 1
60. [X X X]
61. Penalty for omission to comply with provisions of section 28.- Any person who, with
intent to defraud the Government,—
(a) executes any instrument in which all the facts and circumstances required by section 28 to be
set forth in such instrument are not fully and truly set forth; or
(b) being employed or concerned in or about the preparation of any instrument, neglects or omits
fully and truly to set forth therein all such facts and circumstances; or
1[(c) makes any false statement or does any other act calculated to deprive the Government of any
duty or penalty under this Act,]1
shall be punishable with fine which may extend to 1[five times the amount of the deficient duty
thereof]1.
62. Penalty for devices to defraud the revenue.- Any person who with intent to defraud the
Government of duty, practices or is concerned in any act, contrivance or device not specially
punishable under this Act or any other law for the time being in force shall be punishable with fine
which may extend to one thousand rupees.
1
[63. Penalty for franking, recording certificate or embossing contrary to the Act or the
rules.- Any person who is authorised to frank or record the certificate of stamp or emboss the duty
acts in contravention of the Act or the rules made thereunder shall, on conviction, be punishable with
imprisonment for a term which shall not be less than one month but which may extend to six months
1
or with fine which may extend to five thousand rupees or with both.]
1[63A. Penalty for contravention of other provisions.- Any person who willfully acts in
contravention of any of the provisions of this Act in respect of which no other provision has been
made in this Chapter, shall be punishable with imprisonment which may extend to six months, or with
fine which may extend to five hundred rupees, or with both.]1
64. Institution and conduct of prosecutions.- (1) No prosecution in respect of any offence
punishable under this Act or any enactment hereby repealed, shall be instituted without the sanction
of the 1[Deputy Commissioner]1 or such other officer as the Government generally, or the 1[Deputy
Commissioner]1 specially, authorizes in that behalf.
50
(2) The Chief Controlling Revenue Authority, or any officer generally or specially authorized by it
in this behalf, may stay any such prosecution or compound any such offence.
(3) The amount of any such composition shall be recoverable in the manner provided by section
46.
65. Jurisdiction of Magistrates.- No Magistrate other than a Magistrate whose powers are not
less than those of a Magistrate of the second class, shall try any offence under this Act.
1[66. Place of trial.- Every offence under this Act committed in respect of any instrument may be
tried in any district or metropolitan area in which such instrument is executed or found or where such
offence is triable under the Code of Criminal Procedure, 1973.]1
CHAPTER VIII
SUPPLEMENTAL PROVISIONS
1[67. Books, etc., to be open to inspection.- A Deputy Commissioner or an Assistant
Commissioner or any officer not below the rank of a Sub-registrar authorised by the Deputy
Commissioner or Chief Controlling Revenue Authority in this behalf may for the purpose of this Act
require every public officer or any person to produce or permit at all reasonable time inspection of
such registers, books, records, papers, documents, information in electronic storage and retrieval
device or medium, applications, instrument or proceedings the inspection whereof may tend to secure
any duty or to prove or lead to the discovery of any fraud or omission in relation to any duty and take
such notes and extracts as he may deem necessary without fee or charge and may if necessary seize
them and impound them under section 33.]1
1[67A. Procedure of Chief Controlling Revenue Authority and the Deputy Commissioner and
rectification of mistakes.- (1) No order relating to the proper stamp duty payable under this Act
shall be made by the Chief Controlling Revenue Authority or the Deputy Commissioner to the
prejudice of any person liable to pay such duty, unless a reasonable opportunity to be heard is given
to such person.
(2) The State Government, the Chief Controlling Revenue Authority or the Deputy Commissioner
may suo motu or on application of any party affected at any time within three years from the date of
any order passed by it or him review such order and rectify any mistake, or error apparent from the
record:
Provided that no such rectification shall be made to the prejudice of any person unless a
reasonable opportunity to be heard is given to such person.]1
1[67B. Power to enter premises and inspect certain documents.- (1) Where the Deputy
Commissioner or an Assistant Commissioner or any officer not below the rank of Sub-registrar
authorised by the Deputy Commissioner or Chief Controlling Revenue Authority has reason to believe
that any of the instruments specified in the schedule has not been charged at all or incorrectly
charged with duty leviable under this Act or the Indian Stamp Act, 1899 in so far it is applicable to the
State of Karnataka, he shall have power to enter and search any premises where he has reason to
believe that any register, book, record paper, application, information in electronic storage and
retrieval device or medium, instrument or proceedings are kept and to inspect them and to take such
notes and extracts as he may deem necessary. Every person having in his custody or is maintaining
such register, book, record, paper, application, instrument or proceedings shall at all reasonable times
produce, or permit the Deputy Commissioner, Assistant Commissioner or such officer to inspect them
and to take notes and extracts as he may deem necessary and if necessary seize and impound them
under section 33:
51
1. Inserted by Act 17 of 1966 w.e.f. 15.11.1966 & substituted by Act 24 of 1999 w.e.f.
18.8.1999.
Provided that no residential accommodation (not being a place of business-cum-residence) shall
be so entered into and searched except on the authority of a search warrant issued by a Magistrate
having jurisdiction over the area; and all searches under this section shall, so far as may be made in
accordance with the provisions of the Code of Criminal Procedure, 1973 (Central Act 2 of 1974).
(2) If upon such inspection, the Deputy Commissioner, Assistant Commissioner or the officer so
authorised is of opinion that any instrument chargeable with duty and is not duly stamped he shall
require the person liable to pay the proper duty or the amount required to make up the same and also
penalty, not exceeding five times the amount of the deficient duty thereof if any leviable, and in case
of default the amount of duty and penalty shall be recovered in accordance with provisions of section
46:
Provided that before taking any action under this sub-section, a reasonable opportunity of being
heard shall be given to the person likely to affected thereby.]1
68. Powers to make rules.- (1) The State Government may by notification in the official Gazette,
make rules to carry out generally the purposes of this Act.
(2) In particular and without prejudice to the generality of the foregoing power such rules may be
made for regulating,—
(a) the supply and sale of stamps and stamped papers,
(b) the persons by whom alone such sale is to be conducted,
(c) the duties and remuneration of such persons, 1[x x x]1
(d) the fines which shall in no case exceed five hundred rupees, to be incurred on breach of any
rule:
1[(e) the manner of holding inquiry under section 2[45A(2) and (3)]2; and
(f) the time within which an appeal shall be preferred and the manner in which such appeal shall
be heard and disposed of by the 1[Deputy Inspector General of Registration of the Department of
Registration and Stamps.]1]1
1[(g) regulating the Constitution of Central Valuation Committee and other sub-committees in the
sub-districts and districts and procedure for the estimation, publication and revision of market value
guidelines of properties under section 45-B]1
Provided that such rules shall not restrict the sale of 1[fifteen naye paise, ten naye paise or five
naye paise]1 adhesive stamps.
1[(3) Every rule made under this section shall be laid as soon as may be after it is made before
each House of the State Legislature while it is in session for a total period of thirty days which may be
comprised in one session or in two successive sessions, and if before the expiry of the session in
which it is so laid or the session immediately following both Houses agree in making any modification
in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect
only in such modified form or be of no effect, as the case may be; so however, that any such
modification or annulment shall be without prejudice to the validity of anything previously done under
that rule.]1
69. Saving as to Court Fees.- Nothing contained in this Act shall be deemed to affect the duties
chargeable under any enactment for the time being in force relating to Court-fees.
52
70. Act to be translated and sold cheaply.- The State Government shall make provision for the
sale of a translation of this Act in Kannada and other regional languages 1[at such price as the State
Government may from time to time fix, per copy]1.
71. Repeal and savings.- The Mysore Stamp Act, 1900 (Mysore Act II of 1900), as in force in
the Mysore Area and the Hyderabad Stamp Act, 1331 F (Hyderabad Act IV of 1331 Fasli), as in force
in the 1[Gulbarga Area]1 are hereby repealed:
Provided that such repeal shall not affect,—
(a) the previous operation of the said enactments or anything duly done or suffered thereunder;
(b) any right, privilege, obligation or liability acquired, accrued, or incurred under the said
enactments;
(c) any penalty, forfeiture or punishment incurred in respect of any offence committed against the
said enactments; or
(d) any investigation, legal proceeding or remedy in respect of any such right, privilege,
obligation, liability, forfeiture or punishment as aforesaid and any such investigation, legal proceeding
or remedy may be instituted, continued or enforced, and any such penalty, forfeiture or punishment
may be imposed as if this Act had not been passed.
72. Application of Indian Stamp Act, 1899.- (1) The Indian Stamp Act, 1899 (Central Act II of
1899), as in force in the 1[Mangalore and Kollegal Area,]1 shall, notwithstanding anything contained in
any law, extend to the whole of the 1[State of Karnataka]1, and shall remain in force in so far such Act
relates to the matter specified in entry 44 of List III of the Seventh Schedule to the Constitution in
respect of documents specified in entry 91 of List I of the said Schedule.
(2) Save as provided in sub-section (1), the Indian Stamp Act 1899 (Central Act II of 1899), as in
force in the 1[Belgaum Area]1, Coorg District and the 1[Mangalore and Kollegal Area,]1 in so far as it
relates to the matter specified in entry 44 of List III of the Seventh Schedule to the Constitution, in
respect of documents falling under entry 63 of List II of the said Schedule, is hereby repealed:
Provided that such repeal shall not affect,—
(a) the previous operation of the said enactments or anything duly done or suffered thereunder;
(b) any right, privilege, obligation or liability acquired, accrued or incurred under the said
enactments;
(c) any penalty, forfeiture or punishment incurred in respect of any offence committed against the
said enactments; or
(d) any investigation, legal proceeding or remedy in respect of any such right, privilege,
obligation, liability, forfeiture or punishment as aforesaid and any such investigation, legal proceeding
or remedy may be instituted, continued or enforced and any such penalty, forfeiture or punishment
may be imposed as if this Act had not been passed.
1
[SCHEDULE
Stamp Duty on Instruments
1. Whole schedule has been Substituted by Act 21 of 1979 w.e.f. 31.3.1979.
Article Description of Instrument Proper stamp-duty
No.
1 2 3
1
[1. Acknowledgment of,—
(i) a debt written or signed by or on behalf of, a
53
Article Description of Instrument Proper stamp-duty
No.
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,—
2
(a) exceeds rupees 100 but does [Two rupee.]2
not exceed rupees 2[5,000.]2
2
[(b) When exceeds Rs. 5,000/-. Two rupees plus rupees two
for every thousand or part
thereof]2 3[Subject to a
maximum of rupees one
thousand]3
(ii)a letter, article, document, parcel, One rupee for every rupees
package, or consignment, of any nature or one hundred or part thereof of
discription, whatsoever or by whatever the amount charged therefor]1
name called, given by a person, courier company,
firm, or body of persons whether incorporated or
unincorporated to the sender of such letter,
articles, document, parcel, package or
consignment.
2. Administration Bond,- including a bond given
under section 6 of the Government Savings
Banks Act, 1873 (Central Act V of 1873) or
section 289, 291, 375 or 376 of the Indian
Succession Act, 15 (Central Act XXXIX of 15)—
(a) where the amount does not exceed Rs. The same duty as a Bond (No.
1,000. 12) for such amount.
1
[One hundred rupees]1
(b)in any other case
3. Adoption deed,- that is to say, any 2[1[One thousand rupees]1]2

instrument (other than a will), recording an
adoption, or conferring or purporting to confer an
authority to adopt.
Advocate,- See Certificate of enrolment as an

Advocate (No. 17).
4. Affidavit,- including an affirmation or 2[1[One hundred rupees]1]2
declaration in the case of persons by law allowed
to affirm or declare instead of swearing.
EXEMPTIONS
Affidavit or declaration in writing when made,—
54
(a) as a condition of enlistment to the Armed
Forces of the Union;
(b) for the immediate purpose of being filed or used
in any Court or before the officer of any Court; or
(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.
(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
(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
55
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.
16 11
[ [provided that the duty paid
on power of attorney under Articles
56
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
7 22
[(ii) possession of the property is not delivered [fifty paise]22 for every one
Explanation-I,- When a reference, of a Power of hundred rupees or part thereof
Attorney granted separately by the seller to the on the market value equal to the
purchaser in respect of the property which is the subject amount of consideration 22[but
matter of such agreement, is made in the agreement, not less than rupees five
then the possession of the property is deemed to have hundred]22
been delivered for the purpose of this clause. Provided that if the proper
Explanation-II,- For the purpose of clause (e) and stamp duty is paid on power of
clause (h) where subsequently conveyance or mortgage attorney under Article 41(e) or
as the case may be, is executed between the same 41 (eb) as the case may, be
parties in pursuance of such agreement or its records or executed between the same
memorandum, the stamp duty, if any, already paid and parties in respect of the same
recovered on the agreement or its record or property, then the stamp duty
memorandum shall be adjusted towards the total duty chargeable on such agreement
leviable on the conveyance or mortgage, as the case under Article 5(e) shall not
may be exceed rupees two hundred.]7
(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 Two Rupees for every one hundred
development of immovable property, rupees or part thereof, on the Market
including a multi unit or multi storied Value of such undivided share or portion
house or building or apartment or flat, or of land or immovable property,
portion of it, executed by and between consideration and money advanced, if
owner or lessee, as the case may be, any; or
and developer, having a stipulation, On the Market Value of such share or
whether express or implied, that, in portion of the constructed or developed
consideration of the owner or lessee building or immovable property,
conveying or transferring or disposing off, consideration and money advanced, if
in any way, the undivided share or any; Whichever is higher:
portion of land or immovable property;
the developer agrees to convey or
transfer or dispose off, in any way, the Provided that, if the proper stamp duty is
proportionate or agreed share or portion paid under clause (ea) of the Article 41
of the constructed or developed building on power of Attorney, executed by and
or immovable property to the owner or between the same parties and in respect
lessee, as the case may be. of the same property, then the stamp
duty payable on the corresponding
Explanation:
agreement under clause (f) of article 5,
The term "Developer" includes promoter shall not exceed rupees two hundred."
or builder or by whatever name called.
57
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 20[Three per cent]20 of the consideration or
delivered or is agreed to be delivered market value of the property, whichever is
without executing the conveyance 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 Ten paise for every one hundered rupees or
delivered 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
(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 Rupees fifty
Participant (as defined in ―The Depository Act, 1996‖)
and client, for opening de-mat account
(ia) if relating to contract between stock broker or sub Rupees fifty]11

broker(agent) and client(principal), for Stock Market
operations
14
[(ib) If relating to advertisement or telecasting or One Rupee for every one
broadcasting of programs for promotion and thousand rupees or part
development of business there of on the amount
or consideration in the
agreement, but not less
than Rupees two
hundred.
(ic) If relating to assignment or transfer of intellectual One Rupee for every one
property rights (i.e., patent rights, copy rights or trade thousand rupees or part
marks rights.) there of on the amount
or consideration in the
agreement, but not less
than Rupees two
hundred.
(i-d) If relating to building Works or labour or services
(works contracts)
22
(i) Where the amount or consideration in the [Rupees Five hundred]22
agreement does not exceed Rupees ten lakhs
58
22
(ii) where the amount or consideration in the [Rupees Five hundred
agreement exceeds Rupees ten lakhs 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.-
22
(i) where the value of the chit [Rupees five hundred]22
does not exceed rupees one
lakh
22
(ii) where the value of the chit [Rupees five hundred plus rupees
exceeds rupees one lakh 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.
9. Substituted by Act 9 of 2009 w.e.f.1.4.2009
12. Omitted by Act 16 of 2011 w.e.f.1.4.2011.
13. renumbered by Act 8 of 2010 w.e.f.1.4.2010.
59
16. Substituted by Act 19 of 2014 w.e.f 1.03.2014
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 12

[0.5 percent]12 on the loan or debt
does not exceed rupees ten lakhs
amount subject to a minimum of
rupees five hundred
(ii) where the loan or debt amount 12[0.5 percent of the loan or debt
exceeds rupees ten lakhs 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.
If such loan or debt is repayable on demand
or otherwise,-
(i) where the loan amount exceeds rupees 12[0.5 percent]12 on the loan or debt
one lakh but does not exceed rupees ten amount
lakhs
(ii) where the loan amount exceeds rupees 12[0.5 percent of the loan or debt
ten lakhs amount]11]12
Exemption: Instruments of pawn or pledge of Provided that where a fresh
goods or jewels wherein such loan or debt is instrument of pawn or pledge of
upto Rupees one lakh‖. 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
60
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
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
8. Appraisement or valuation,- made otherwise
than under an order of the Court in the course of a
suit,—
(a) where the amount does not The same duty as a Bond (No. 12) for
exceed Rs. 1,000 such amount
2 1
(b) in any other case [ [Two hundred rupees]1]2
EXEMPTIONS
(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.
(b) Appraisement of crops for the purpose of
ascertaining the amount to be given to a landlord as
rent.
1.Substituted by Act 8 of 2003 w.e.f. 1.4.2003
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
1 2
fession, trade or employment [ [rupees one hundred]2]1
Exemption.- Instruments of apprenticeship, by which
a person is apprenticed by, or at the charge, of any
public charity
61
1
[10. Articles of Association of a 4[2[3[Rupees Five thousand for
Company,- where the every rupees ten lakhs or part
company has no share capital thereof subject to a maximum
or nominal share capital or of rupees One Crore]3]4
increased share capital.
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. The same duty as the conveyance
[under Article 20(1)] on the market
(a) If the property, which is the subject
value of the such property, or
matter of award, is immovable property.
consideration, whichever is higher.
(b) If the property, which is the subject

matter of award, is movable property,
(i) Where the amount or market 3
value of the property, as set [1 % of the amount or market value]3
forth in the award, does not
exceed Rupees fifty lakhs.
(ii) Where the amount or market 3
[1 % of the amount or market value.‖;
value of the property exceeds and]3.
rupees fifty lakhs but does not
exceed rupees five Crores.
(iii) Where the amount or market 3
value of the property exceeds [1 % of the amount or market value.; ]1]2]3
rupees five Crores.
1.Substituted by Act 9 of 2009 w.e.f. 1.4.2009.
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;
62
(a) Where the amount or value secured 3[2[Two Rupee for every one hundred
does not exceed. rupees or part thereof subject to minimum of
Rs. 1000 rupees one hundred.‖; and]2]3
3 2
(b) Where it exceeds Rs. 1000 [ [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 sea-
going 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 3
[14 Cancellation of instruments.- [same duty as on the original
(a) Cancellation of any instrument instrument if such cancellation has the
previously executed on which stamp effect of reconveyance of property
duty has been paid as per any article of already conveyed by the original
the 2[Schedule and not otherwise instrument:
specifically provided for by the Provided that, if the original
Schedule.]2 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
(b) Cancellation of any instrument
executed by or on behalf of the Central 5
[five hundred rupees]5
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
63
controlled by the Central Government or
the State Government.
5
(c) in any other case [five hundred rupees]5
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
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.
(a) where the purchase money One rupee
does not exceed Rs. 10
(b) where the purchase money
exceeds Rs. 10 but does not exceed One rupee and fifty paise
Rs. 25.
(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
2 1
the State Bar Council under the Advo- [ [Two thousand rupees]1]2
64
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
1 2
clause or not. [ [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.
(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 ent-
other 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.
(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 en-
other 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.
3 1 2
19. Composition-deed,- that is to say, [ [ [five hundred rupees]2]1]3
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.
65
8 3
[20 [(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 21
[five percent of the value]8]21
the property which is the subject matter of
conveyance
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 Co-
operative 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 15
[the same duty as a
executed by a promoter, a land owner, or a conveyance under Article
developer by whatever name called, pertaining to 20(1)]15 17[on the market value
26
premises of ‗Flat‘ [other than premises of Flat equal to the market value of
26
referred in clause (2A)] as defined in clause (a) of the fully constructed flat or
section 2 of the Karnataka Ownership Flats apartment or unit, irrespective
(Regulation of the Promotion of Construction, Sale, of the stage of construction,
Management and Transfer) Act, 1972 (Karnataka deeming it as fully
Act 16 of 1973) or ‗Apartment‘ as defined in clause constructed]17
(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.
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 two percent of the value
to the first sale of flat or apartment, and,-
(i) where the market value of which is rupees three percent of the value]26
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.
66
27
[(iii) where the market value of which is above three percent of the value]27
rupees thirty five lakhs but upto and
inclusive of forty five lakhs.
(3) Where any instrument of conveyance is effected The duty shall be payable at the rates
by the Bangalore Development Authority specified under clause (2) of Article 20
constituted under Bangalore Development on the amount or value of
Authority Act, 1976 (Karnataka Act 12 of 1976), consideration as set forth in the
the Karnataka Housing Board constituted under instrument:
the Karnataka Housing Board Act, 1962
(Karnataka Act 10 of 1963 pertaining to
Provided that in any case where a
premises of Flat or Apartment.
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.
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; 30 23 19 16 9
[ [ [ [ [five per cent]16]19]23]30 on the
(i) Amalgamation of Companies, including a
market value of the property]4 of the
subsidiary amalgamating with parent company
transferor company, located within the
State of Karnataka and transferred to
the transferee company; or
30 19
[An amount equal to [five
19 30
percent] ] 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
30 23 19 16 10
(ii) Reconstruction or Demerger of a company [ [ [ [ [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 19
[An amount equal to [five
percent]19]30 of the aggregate value of
shares issued or allotted to the
resulting company and in addition, the
67
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,-
19
(i) when industrial machinery is [Three per cent]19 of consideration
treated as movable property or market value of the property,
whichever is higher,
(ii) when industrial machinery is Five percent of consideration or
treated as immovable property market value of the property,
whichever is higher".]22
30
(6)If relating to assignment of receivables [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 30 23
[(7) conveyance relating to Transferable [ [five per cent]23]30 on the market value
Development Rights 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;
17
whichever is higher.]
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.
13 Inserted by Act 9 of 2009 w.e.f.1.4.2009.
68
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.
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.
22 Substituted by Act 16 of 2015 w.e.f. 01.04.2015
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
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:
2
(i) if the original was not chargeable with duty, or if [Twenty rupees]2.
the duty with which it was chargeable
does not exceed five rupees.
2
(ii) in any other case [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 2
[five hundred rupees] original.
3 1 2
(b)in any other case [ [ [one thousand rupees]2]1]3
EXEMPTION
Counterpart of any lease granted to a cultivator
when such lease is exempted from duty.
2.Substituted by Act 9 of 2009 w.e.f.1.4.2009.
69
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
1
(b) in any other case [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
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.
25. Divorce,-instrument of that is to say, any

instrument by which any person
2 1
effects the dissolution of his marriage. [ [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 of—
that is to say, any instrument imposing
70
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
2
not being a hypothecation. [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 5[(i) If the property is situated within the limits of
member of the family of the Bangalore Metropolitan Regional Development
donor 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
71
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 fifty paise for every one hundred rupees
term not exceeding one year in case of or part thereof on the total amount or
residential property value of; the average annual rent,
premium, fine and money advanced,
subject to a maximum of rupees five
hundred
(ii)where the lease purports to be for a fifty paise for every one hundred rupees
term not exceeding one year in case of or part thereof on the total amount or
commercial or industrial property value of; the average annual rent,
(iii)where the lease purports to be for a premium, fine and money advanced,
term exceeding one year and not
exceeding ten years
(iv)where the lease purports to be for a one rupee for every one hundred rupees
term exceeding ten years and not or part thereof on the total amount or
exceeding twenty years value of; the average annual rent,
(v)where the lease purports to be for a two rupees for every one hundred rupees
term exceeding twenty years and not or part thereof on the total amount or
exceeding thirty years value of; the average annual rent,
(vi) where the lease purports to be for a three rupees for every one hundred
term exceeding thirty years or in rupees or part thereof on the total
perpetuity or does not purport to be for amount or value of; the average annual
any definite term rent, premium, fine and money
advanced,
the same duty as conveyance under
72
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 aver-
age annual rent reserved, subject to a maximum of rupees two lakhs.
73
(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 reserved of 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.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
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:-
(i) where the lease purports to be One rupee for every one hundred
for a term exceeding one year rupees or part thereof on the total amount or
and not exceeding ten years. 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.
(ii) where the lease purports to be Two rupees for every one hundred
for a term exceeding ten years rupees or part thereof on the total amount or
and not exceeding twenty years value of; the average annual royalty and
(iii) where the lease purports to be Three rupees for every one hundred
74
for a term exceeding twenty years rupees or part thereof on the total amount or
and not exceeding thirty years value of; the average annual royalty and
(iv) where the lease purports to be Five rupees for every one hundred
for a term exceeding thirty years or rupees or part thereof on the total amount or
in perpetuity or does not purport to value of; four times the average annual royalty
be for any definite term. 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.
(i) where the lease purports to be One rupee for every one hundred
for a term exceeding one year rupees or part thereof on the total amount or
and not exceeding ten years. value of; the average annual royalty and
average annual payment as share of value of
mineral calculated on the estimated average
plan, premium, money advanced, security
deposit and fine.
(ii) where the lease purports to be Two rupees for every one hundred
for a term exceeding ten years rupees or part thereof on the total amount or
and not exceeding twenty years value of; the average annual royalty and
deposit and fine.
(iii) where the lease purports to be Three rupees for every one hundred
for a term exceeding twenty years rupees or part thereof on the total amount or
and not exceeding thirty years value of; the average annual royalty and
deposit and fine.
75
(iv) where the lease purports to be Five rupees for every one hundred
for a term exceeding thirty years or rupees or part thereof on the total amount or
in perpetuity or does not purport to value of; four times the average annual royalty
be for any definite term. 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
2 1
31. Letter of allotment of shares,- in any [ [Ten rupee]1]2
company or proposed company or in
respect of any loan to be raised by any
company or proposed company.
See also certificate or other Document (No. 16)

Letter of Guarantee-
See 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
1
at his own discretion. [One hundred rupees]1
1
[32-A Licence of immovable or
moveable property.- That is to say
licence granted by owner or authority
76
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 fifty paise for every one hundred rupees or part
term not exceeding one year in case of thereof on the total amount or value of; the
residential property average annual rent, premium, fine and money
advanced, subject to a maximum of rupees five
hundred
(ii)where the license purports to be for a

fifty paise for every one hundred rupees or part
term not exceeding one year in case of
thereof on the total amount or value of; the
commercial or industrial property
average annual rent, premium, fine and money
advanced, 2[subject to a minimum of rupees
fifty]2
(iii)where the license purports to be for one rupee for every one hundred rupees or part
a term exceeding one year and not thereof on the total amount or value of; the
exceeding ten years 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

(iv)where the license purports to be for
part thereof on the total amount or value of; the
a term exceeding ten years and not
average annual rent, premium, fine and money
exceeding twenty years
advanced, 2[subject to a minimum of rupees two
hundred]2
three rupees for every one hundred rupees or

(v)where the license purports to be for a part thereof on the total amount or value of; the
term exceeding twenty years and not average annual rent, premium, fine and money
exceeding thirty years advanced. 2[subject to a minimum of rupees
three hundred]2]1

1
[33. Memorandum of Association of a company,—
3 2
(a) if accompanied by Articles of [ [Five thousand rupees]2]3
Association under section 26 of the
Companies Act, 1956 (Central Act 1 of 1956)
(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
2. Substituted by Act 8 fo 2003 w.e.f. 1.4.2003.
77
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)
(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.
3
(b) When possession is not given [Fifty paise for every
1
or agreed to be given as aforesaid [and hundred rupees or part thereof
1
not being a hypothecation] 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.
5 3
(i) for every sum secured not [ [Fifty rupees]3]5
exceeding Rs. 1,000.
5 3
(ii) for every Rs. 1,000 or part there- [ [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 5[Rupees fifty for every rupees ten thousands
exceeds rupees ten lakhs or part thereof]5
(ii) where the loan amount exceeds 5[Rupees fifty for every rupees ten thousands
rupees ten lakhs or part thereof]5

EXEMPTION
(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,
78
(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
1
secured in excess of Rs. 100. [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
3
(b) Of any share, scrip, stock, bond, debenture, [Thirty paise for every ten thousand
debenture stock or other marketable security of a or part thereof on the value of such
like nature, not being a government security security at the time of its purchase
or sale, as the case may be. ]3
3
(c) of a Government Security [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
3
(d) Of securities other than those falling under [Thirty paise for every ten thousand
clause (b) above, in respect of either delivery or or part thereof. ]3
non delivery based (jobbing and trading)
79
transactions
(e) Of futures and options trading, of securities 3[Thirty paise for every ten thousand
other than those falling under clause (b) above,: or part thereof.; and]3
3
(f) Of forward contracts of commodities: [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:
(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
(3) of Article 18-A.
(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
1
of a ship [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.
3
(1)if the property is situated in the [Rupees Five thousand for each
jurisdiction of Municipal Corporation or share]3
Urban Development Authorities or
Municipal Councils or Town Panchayats.
3
(2)If the property is situated in the [Rupees Three thousand for each
areas other than those mentioned in sub- share]3
clause (1) above .
3
(b) where the property involved in [Rupees One thousand for each
the partition is agricultural land share]3
3
(c) where the property involved in [Rupees One thousand for
the partition is moveable or money each share]3
(d) where the property involved in Maximum of the duties described
80
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
3
(a) Where the capital of the [five hundred rupees]3
partnership does not exceed
3
[rupees fifty thousand]3
3 2
(b) In any other case [ [two thousand rupees]2]3
B. Reconstitution:—
5 4
(a) Where immovable property [ [Five per cent]4]5
contributed as share by a partner on the market value of the imm-
or 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.
5 3
(b) In any other case [ [two thousand rupees]3]5
C. Dissolution of:—
5 4
(a)Where the property which [ [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.
81
5 3
(b) In any other case [ [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 3[Rupees five thousand]3
rupees ten lakhs
(b) where the capital exceeds rupees ten 3[2[Rupees five thousand plus
lakhs; for every rupees five lakh of rupees five lakhs for every rupees
part thereof exceeding rupees ten ten lakhs capital amount, subject
lakhs to a maximum of rupees Twenty
five lakhs]2]3
B. Reconstruction or amalgamation of 3[2[five percent]2]3 on the
Limited Liability Partnership 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
15
such documents [five hundred rupees]15
(b) when authorising one person or more to act in
a single transaction other than the case
mentioned in
15 1
Clause (a) [ [five hundred rupees]1]15
(c) when authorising not more than five persons
to act jointly and severally in
15 2
more than one transaction or generally [ [five hundred rupees]2]15
15 2
(d) when authorising more than five but not [ [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 The same duty as a Conveyance
with interest and authorizing the attorney to sell any [under Article 20(1)] on
consideration or on market value of
82
immovable property; the property (which is the subject
matter of such power of attorney),
whichever is higher.] 3
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
8
[(ea) XXX]8
13 11
[ [ (ea) If relating to construction or development of Two Rupees for every one hundred
immovable property, including a multi unit or multi rupees or part thereof, on the
storied house or building or apartment or flat, or Market Value of such undivided
portion of it, executed by and between owner or share or portion of land or
lessee, as the case may be, and developer, having a immovable property, consideration
stipulation, whether express or implied, that, in and money advanced, if any; or
consideration of the owner or lessee conveying or On the Market Value of such share
transferring or disposing off, in any way, the or portion of the constructed or
undivided share or portion of land or immovable developed building or immovable
property; the developer agrees to convey or transfer property, consideration and money
or dispose off, in any way, the proportionate or advanced, if any; whichever is
agreed share or portion of the constructed or higher.
developed building or immovable property to the
owner or lessee, as the case may be.
Provided that, if the proper stamp
duty is paid under clause (f) of the
Article 5 on an agreement for sale,
Explanation: executed by and between the
The tern "Developer" includes promoter or builder or same parties and in respect of the
by whatever name called. 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 6[
[(eb) When given to a person other 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
83
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, The same duty as a conveyance
mother, wife or husband, sons, daughters, under Article 20(7) on the
brothers, sisters in relation to the executant market value of the property
authorising such person to sell Transferable which is the subject-matter of
Development Rights relating to immovable Power of Attorney:]14
property situated in Karnataka State.
9 15
[(f) When executed by a principal or client for [one hundred rupees]15
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
(g) When executed by a principal or client for [one hundred rupees]9]15
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.
10 10 15 7
[(h)] in any other case [ [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‘
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.
6. Deemed to have been substituted by Act 20 of 2009 w.e.f. 4.6.2009.
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.
10. Renumbered by Act 16 of 2011 w.e.r.1.4.2011.
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
1
or promissory note [Ten rupees]1
84
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
1
person lawfully acting as such. [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 2
[(b) in any other case [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 The same duty as a Conveyance
members [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 7
[(b) Where the release is between the family [(i)If the property is situated within the
members 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
85
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 The same duty as a Bond (No.12) for
instrument securing loan on the cargo laden or to the amount of the loan secured.
be laden on board
a ship and making repayment contingent on the
arrival of the cargo at the port of destination.
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 2
[ (a) when the amount secured does not exceed [Two rupees]2 for every rupees one
rupees one thousand hundred or part thereof
2
(b) in any other case [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
86
(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) The same duty as a conveyance
(Article No. 20), for a market value
(i) Where the disposition is not for the equal to the market value of the
purpose of distributing the property of the settlor property, which is the subject matter
among his family 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 6
[(ii) Where the disposition is for the purpose of [(i)If the property is situated within
distributing the property of the settler among the the limits of Bangalore Metropolitan
members of his family:- 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
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
87
Instrument of revocation, but no
exceeding two hundred rupees]4
49.Share warrants—To bearer iss-
ued under the Companies Act, 1956 (Central One and a half times the duty payable
Act I of 1956) on a conveyance (No. 20) for a
EXEMPTIONS market value equal to the nominal
amount of the shares specified in the
Share warrant when issued by a company in
warrant.
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
1
conveyance of goods on board of [Two rupees]1
any vessel.
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.
2 1
(b) In any other case [ [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
88
mortgage deed; is chargeable.
exceed twenty-two rupees and fifty paise
6 2
(ii) in any other case [ [two hundred rupees]2]6
(c) of any property under section 25
6 2
of the Administrator Generals Act, 1963 [ [two hundred rupees]2]6
3
[(d) of any trust property from one trust to The same duty as a conveyance [under
another trust or from Trust to trustee or Article 20 (1)] on the market value of the
beneficiary, or from trustee to trust or trustee property (which is the subject matter of
or beneficiary, as the case may be. 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)
5. Inserted by Act 31 of 2022 w.e.f.13.10.2022
1
[53 Transfer of lease.- by way of assignment The same duty as conveyance
and not by way of under lease. [No.20(1)] for a market value equal to
(a) Where the remaining period of lease the amount of consideration.
does not exceed 30 years
(b) Where the remaining period of lease The same duty as conveyance
exceeds 30 years. [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 2

[Rupees Two Thousand]2
religious and charitable purposes.
89
2
(ii) When the Trust is made for the management & [Rupees Two Thousand]2
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.
The same duty as conveyance
[under Article No. 20(1)] on the
(iii)When the trust made involves the transfer/
amount and the market value
disposition of property in any way;
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
90
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.
91
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
st
appoints the 1 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.
(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.

(First Published in the Karnataka Gazette Extra-ordinary on the Twenty–eighth day of February, 2014)

(Received the assent of the Governor on the Twenty–eighth day of February, 2014)
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
(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.

(First Published in the Karnataka Gazette Extra-ordinary on the Eighth day of January, 2015)
THE KARNATAKA STAMP (SECOND AMENDMENT) ACT, 2014
92
(Received the assent of the Governor on the seventh day of January, 2015)
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:-
(Second Amendment) Act, 2014.
(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)

(Received the assent of the Governor on the thirty first day of March, 2015)
Be it enacted by the Karnataka State Legislature in the sixty-sixth year of the Republic of
India as follows:-
(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

(First Published in the Karnataka Gazette Extra-ordinary on the Thirty First day of March, 2016)

(Received the assent of the Governor on the Thirty First day of March, 2016)

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
(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.
93
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.

(First Published in the Karnataka Gazette Extra-ordinary on the First day of April, 2016)


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.
(2) It shall come into force at once.

(First Published in the Karnataka Gazette Extra-ordinary on the First day of April, 2016)
THE KARNATAKA STAMP (THIRD AMENDMENT) ACT, 2016


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.
(2) It shall come into force at once..

(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)

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.
nd
(2) It shall be deemed to have come into force with effect from the 22 day of June, 2016.
article 30 of the schedule is incorporated in the Principal Act.
94
3. Repeal and savings.- (1) The Karnataka Stamp (Amendment) ordinance, 2016 (Karnataka
ordinance 2 of 2016) is hereby repealed.
(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.

(First Published in the Karnataka Gazette Extra-ordinary on the 31st day of March, 2017)

(Received the assent of Governor on the 31st day of March, 2017)

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.
(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.

(First Published in the Karnataka Gazette Extra-ordinary on the 3rd day of July, 2017)
(Received the assent of Governor on the 29th day of June, 2017)

Be it enacted by the Karnataka State Legislature in the sixty-eighth year of the Republic of
India as follows:-

th
(First Published in the Karnataka Gazette Extra-ordinary on the 19 Day of October, 2020)
The Karnataka Stamp (Amendment) Act, 2020

th
(Received the assent of the Governor on the 19 day of October 2020)

Be it enacted by the Karnataka State Legislature in the Seventy first year of the Republic of
India as follows:-
95
Section 9 is incorporated in the principal Act.

th
(First Published in the Karnataka Gazette Extra-ordinary on the 30 day of December, 2020)
The Karnataka Stamp (Second Amendment) Act, 2020

th
(Received the assent of the Governor on the 30 day of December, 2020)

Be it enacted by the Karnataka State Legislature in the Seventy first year of the Republic of
India as follows:-
th
(2) It shall be deemed to have been come into force with effect from 19 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.
(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)

Department of Parliamentary Affairs
and Legislation

(First Published in the Karnataka Gazette Extra-ordinary on the 5th Day of October 2021)

(Received the assent of the Governor on the 1st day of October, 2021)

Be it enacted by the Karnataka State Legislature in the Seventy second year of the Republic
of India as follows:-
96
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 three percent of the value
rupees thirty five lakhs but upto and inclusive of
forty five lakhs.

G.SRIDHAR
Department of Parliamentary
Affairs and Legislation

th
(First Published in the Karnataka Gazette Extra-ordinary on the 5 Day of March, 2022)

(Received the assent of the Governor on the 4th day of March, 2022)
Be it enacted by the Karnataka State Legislature in the Seventy third year of the Republic of
India as follows:-
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
97
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 lease-
cum-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-cum-
sale agreement”.

G.SRIDHAR

th
(First Published in the Karnataka Gazette Extra-ordinary on the 5 Day of March, 2022)

th
(Received the assent of the Governor on the 4 day of March, 2022)

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.
2. Amendment of schedule.- In the Karnataka Stamp Act, 1957, (Karnataka Act 34
of 1957) in schedule, in article 20, in clause (4),-
98
(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.
G.SRIDHAR

th
(First Published in the Karnataka Gazette Extra-ordinary on the 13 day of October, 2022)
THE KARNATAKA STAMP (THIRD AMENDMENT) ACT, 2022

th
(Received the assent of the Governor on the 12 day of October, 2022)

Act 34 of 1957) for the purposes hereinafter appearing;
(Third Amendment) Act, 2022.
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).‖

G. SRIDHAR
99
th
(First Published in the Karnataka Gazette Extra-ordinary on the 12 Day of January, 2023)
THE KARNATAKA STAMP (FOURTH AMENDMENT) ACT, 2022

th
(Received the assent of the Governor on the 11 day of January, 2023)
Act 34 of 1957), for the purposes hereinafter appearing;
1. Short title and commencement.– (1) This Act may be called the Karnataka
Stamp (Fourth Amendment) Act, 2022.
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).‖

G. SRIDHAR

(First Published in the Karnataka Gazette Extra-ordinary on the 3rd day of
February, 2024)
(Received the assent of the Governor on the 3rd day of February, 2024)
100
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 year of the Republic India as follows:-
1. Short title and commencement.- (1) This Act may be called
the Karnataka Stamp (Amendment) Act, 2023.
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 “One hundred 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
“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
101
“Rupees Five hundred plus rupees hundred for every
rupees one lakh or part 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
“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
“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 to a 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
“1 % of the amount or market value.”; and
(c) in sub-clause (iii), for the entries in column (3), the
“1 % of the amount or market value.”
(viii) in Article 12,-
102
(a) in clause (a), for the entries in column (3), the
“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
“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.
103
(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
“Rupees fifty for every rupees ten thousand or part thereof.”;
and
(ii) in sub-clause (ii), for the entries in column (3), the
“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 fifty for 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 fifty for 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”,
(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”,
(d) in clause (C), in sub-clause (b), in column (3), for the
words “One thousand rupees”, the words “two thousand
rupees”, shall be substituted.
(xxi) in Article 40-A,-
(a) in clause (A),-
104
(i) in sub-clause (a), in column (3), for the words “One
thousand rupees”, the words “five thousand rupees”,
(ii) in sub-clause (b), for the entries in column (3), the
“Rupees Five thousand plus rupees one thousand for every rupees five
lakhs or 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
substituted;
(c) in clause (c), in column (3), for the words, “one hundred
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 “one hundred 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
hundred rupees”, 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”,
(b) in clause (c), in column (3), for the words “one hundred
rupees”, the words “two hundred rupees”, shall be
substituted.
105
(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,-
1 (i) if relating to paper bank guarantee Rupees three hundred
(ii) if relating to e-bank guarantee Rupees two hundred

(G. SRIDHAR)
Affairs and Legislation.
106

KARNATAKA UPDATED STAMP ACT (As of May 2024)

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THE KARNATAKA STAMP ACT, 1957

Statement of Objects and Reasons

1. Short title, extent and commencement.

3. Instruments chargeable with duty.

17. Instruments executed in the State of Karnataka.

20. Conversion of amount expressed in foreign currencies.

30. Duties by whom payable.

31. Adjudication as to proper stamp.

47. Allowance for spoiled stamps.

59. Penalty for executing, etc., instrument not duly stamped.

67. Books, etc., to be open to inspection.

Amending Act 22 of 1997.- As at present the duty in respect of transaction of lease-cum-sale in

Hence the Bill.

The Government of Karnataka considered the observations of the Ministry of Finance,

Amending Act 9 of 2010.- In order to encourage entrepreneurs for establishment of new

Hence the Bill.

[L.A. Bill No. 01 of 2010, File No. DPAL 34 Shasana 2009]

[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]

[L.A. Bill No.21 of 2011, File No.Samvyashae 18 Shasana 2011]

[L.A. Bill No. 67 of 2014, File No. Samvyashae 51 Shasana 2014]

[L.A. Bill No. 09 of 2015, File No. Samvyashae 17 Shasana 2015]

Hence the Bill,

[L.A. Bill No.16 of 2016 File No. Samvyashae 21 Shasana 2016]

Hence the Bill,

[L.A. Bill No.05 of 2016 File No. Samvyashae 38 Shasana 2015]

Hence the Bill,

[L.A. Bill No.14 of 2016 File No. Samvyashae 51 Shasana 2015]

Hence the Bill.

[L.A. Bill No.21 of 2016 File No. Samvyashae 28 Shasana 2016]

[L.A. Bill No.17 of 2017 File No. Samvyashae19 Shasana 2017]

Hence the Bill

[L.A. Bill No. 41 of 2020, File No. Samvyashae 48 Shasana 2020]

Amending Act 55 of 2020.- It is considered necessary further to amend the

Amending Act 26 of 2021.- It is considered necessary further to amend the

Hence the Bill.

[L.A. Bill No. 29 of 2021, File No. Samvyashae 35 Shasana 2021]

Amending Act 11 of 2022.- It is considered necessary to amend the Karnataka Stamp

execution of Lease deeds in case of Industrial Sheds or plots taken on Lease;

provide for payment of Stamp Duty on a conveyance subsequently executed in

Hence, the Bill.

[L.A. Bill No. 01 of 2022, File No. SAMVYASHAE 56 SHASANA 2021]

Amending Act 12 of 2022: It is considered necessary further to amend the Karnataka

Hence the Bill.

[L.A. Bill No. 03 of 2022, File No. SAMVYASHAE 01 SHASANA 2022]

Amending Act 31 of 2022.- It is considered necessary further to amend the

[L.A. Bill No. 24 of 2022, File No. SAMVYASHAE 22 SHASANA 2022]

[Published in Karnataka Gazette Extra-ordinary No. 518 in part-IVA dated:13.10.2022]

Amendment Act 03 of 2023:- It is considered necessary to amend the Karnataka

Amendment Act 04 of 2024:- It is considered necessary further to

Hence, the Bill.

[L.A. Bill No.22 of 2023, File No. SAMVYASHAE 39 SHASANA 2023]

2. Definitions.- (1) In this Act, unless the context otherwise requires,—

(i) impression made with franking machine;

1. Inserted by Act 12 of 1975 w.e.f. 1.5.1975 in Bangalore City, Hubli-Dharwad City,

1. Inserted by Act 29 of 19629 w.e.f. 1.10.1962.

1. Inserted by Act 17 of 2017 w.e.f. 1.04.2017.

3. Adoption deed,- that is to say, any 2[1[One thousand rupees]1]2

Advocate,- See Certificate of enrolment as an