Bengaluru, Mar. 08, 2021 (www.justkannada.in): The State Government has decided to decrease the stamp duty on apartments and impose only up to 3% on first registrations.
Chief Minister B.S. Yedyurappa announced this during the presentation of the State Budget for the year 2020-2021. Accordingly, there will be no increase in fuel taxes and no stamp duty on the purchase of apartments valued up to Rs. 45 lakh. Registration charges will be decreased from 5% to 3%.
A few other highlights of the budget:
• Online market for papad and pickle producers
• Upgradation of APMC yard in Yeshwanthpur
• Rs.21,477 crore grants for Upper Bhadra project
• Construction of vegetable market in Singena Agrahara
• Grants for construction of godowns and shops
• Establishment of Quality Assessment of Byadagi Chilli
• Rs.500 crore grants for organic farming
• Construction of skywalks in three places in Bengaluru.
Keywords: Decrease in registration charges, stamp duty/ State Budget 2021-2022/ highlights
