Udupi: Revised stamp duty rates come into effect


Team Udayavani, Feb 12, 2024, 10:34 AM IST

Representative image

Udupi: the state government recently increased the property tax a few months ago, and now, they’ve issued an order raising the stamp duty rate. The new stamp duty rate came into effect from February 6.

Consequently, the public must now pay the revised rate for various documents like agreements, certificates, and others at the registrar’s office.

Previously, most documents required a handwritten affidavit, costing Rs 5 for submission and Rs 10 for authentication. Over time, this fee increased to Rs 10, Rs 15, and Rs 20. However, the government has now raised the price significantly. Instead of a Rs 20 affidavit, individuals must now use a stamp paper worth Rs 100.

Under the new stamp duty order, several fees have increased. For instance, agreements now cost Rs 500, up from Rs 200. Similarly, indemnity bonds, bank guarantee letters, and hypothetical agreements have also seen price hikes. The rate for agreements now stands at 0.5% per ten lakhs after the initial Rs 10 lakh threshold.

Furthermore, the charges for General Power of Attorney have surged from Rs 1,000, Special Power of Attorney from Rs 100 to Rs 500, and various other document fees have also increased. However, the rate for registered legal mortgages has been kept unchanged at 0.5%.

It’s worth noting that the government revises property tax and stamp duty rates periodically. Many of the document writers feel the revised rates are justified and have not burdened the public.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Karnataka Transport Minister Ramalinga Reddy justifies bus fare hike

Rohit’s road ahead: Tough to see ‘Hitman’ in India jersey beyond Champions Trophy

LPG tanker overturns on Coimbatore flyover in TN, officials avert major tragedy

Actor Allu Arjun granted regular bail in theatre stampede case by local court in Hyderabad

‘Medical seats can’t remain vacant’: SC asks Centre to hold talks with stakeholders

PM Modi likens AAP to ‘aapda’ for Delhi, calls for its defeat in polls

President Droupadi Murmu hails NIMHANS for its integrated medicine services

Related Articles More

President Murmu urges families to encourage women to speak up about their health issues

Madikeri: Man dies after hit-and-run near Suntikoppa

Madikeri: Two brothers injured in wild elephant attack

Madikeri: Driver crushed to death after jumping from runaway truck

Mangaluru: BJP stages roadblock, demands Minister Priyank Kharge’s resignation over contractor’s suicide

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

Over 400 flights delayed at Delhi airport due to bad weather

No link between Sanatana Dharma and Chaturvarnya caste system, says Sivagiri Mutt head

RSS’ lathi-training instills bravery, not meant for public display or fighting: Bhagwat

UPSC seeks details from 2 visually-impaired candidates,who took 2008 civil services, for appointment

BJP destroying future of youths in country: Rahul

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.