Is there concession of stamp duty in relation to schedule caste and schedule tribes? If so, what is the extent?
Ans: Full stamp duty and registration fee are exempted for sale deeds of immovable property executed in favour of beneficiaries belonging to scheduled caste and scheduled tribes, with the help of Scheduled Caste and Scheduled Tribes Development Corporation, on production of Certificate issued by the competent authority. Stamp duty is levied only on consideration instead of market value in respect of sale deeds executed by Municipal Corporations and Municipalities. There is 50 percent exemption of stamp duty in respect of instruments executed by person belonging to scheduled caste and scheduled tribes in connection with direct loan scheme of Karnataka Schedule Caste and Schedule Tribes Development Corporation. There is no exemption of registration fee.
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