The Karnataka Stamp Act, 1957

Keywords : Assistant Commissioner of Stamps, Association, Bond, Central Valuation Committee, Chargeable, Chief Controlling Revenue Authority, Clearance List, Conveyance, Deputy Commissioner, Duly Stamped, Executed, Immovable Property, Impressed Stamp, Instrument, Instrument of partition, Lease, Marketable Security, Mortgage Deed, Power of Attorney, Settlement

The-Karnataka-Stamp-Act-1957-Download

1957: KAR. ACT 34] Stamp 491
THE KARNATAKA STAMP ACT, 1957
ARRANGEMENT OF SECTIONS
Statement of Objects and Reasons
Sections:
CHAPTER I
PRELIMINARY

Short title, extent and commencement.
Definitions.
CHAPTER II
STAMP DUTIES
A- OF THE LIABILITY OF INSTRUMENTS TO DUTY
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.
Several instruments used in single transaction of sale, mortgage or settlement.
Instruments relating to several distinct matters.
Instruments coming within several descriptions in Schedule.
Payment of higher duty in respect of certain instruments.
Bonds or other securities issued on loans.
Power to reduce, remit or compound duties.
B- OF STAMPS AND THE MODE OF USING THEM
Duties how to be paid.
10A. Payment of stamp duty by cash in certain cases.
Use of adhesive stamps.
Cancellation of adhesive stamps.
Instruments stamped with impressed stamps how to be written.
Only one instrument to be on same stamp.
Instruments written contrary to section 13 or 14 deemed unstamped.
Denoting duty.
C- OF THE TIME OF STAMPING INSTRUMENTS
Instruments executed in the State of Karnataka.
Instruments executed out of India.
Payment of duty on certain instruments liable to increased duty in the State of
Karnataka.
D- OF VALUATIONS FOR DUTY
Conversion of amount expressed in foreign currencies.
Stock and marketable securities how to be valued.
Effect of statement of rate of exchange or average price.
Instruments reserving interest.
Certain instruments connected with mortgages of marketable securities to be chargeable
as agreements.
How transfer in consideration of debt, or subject to future etc., to be charged.
1957: KAR. ACT 34] Stamp 492
Valuation in case of annuity, etc.
Stamp where value of subject matter is indeterminate.
Facts affecting duty to be set forth in instrument.
28A. Omitted.
28B. Omitted.
Direction as to duty in case of certain conveyances.
E- DUTY BY WHOM PAYABLE
Duties by whom payable.
CHAPTER III
ADJUDICATION AS TO STAMPS
Adjudication as to proper stamp.
Certificate by Deputy Commissioner.
CHAPTER IV
INSTRUMENTS NOT DULY STAMPED
Examination and impounding of instruments.
Instruments not duly stamped inadmissible in evidence, etc.
Admission of instrument where not to be questioned.
Admission of improperly stamped instruments.
Instruments impounded how dealt with.
Deputy Commissioner’s power to refund penalty paid under sub-section (1) of section
37.
Deputy Commissioner’s power to stamp instruments impounded.
Instruments unduly stamped by accident.
Endorsement of instruments on which duty has been paid under section 34, 39 or 40.
Prosecution for offence against stamp law.
Persons paying duty or penalty may recover same in certain cases.
Power to Revenue authority to refund penalty or excess duty in certain cases.
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.
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.
Allowance for spoiled stamps.
Application for relief under section 47 when to be made.
Allowance in case of printed forms no longer required by Corporations.
Allowance for misused stamps.
Allowance for spoiled or misused stamps how to be made.
Allowance for stamps not required for use.
52A. Power of State Government to grant relief.
52B. Invalidation of Stamps.
1957: KAR. ACT 34] Stamp 493
CHAPTER VI
REFERENCE AND REVISION
Control of, and statement of case to, Chief Controlling Revenue Authority.
53A. Revision of order passed by Deputy Commissioner or Authorised officers.
Statement of case by Chief Controlling Revenue Authority to High Court.
Power of High Court to call for further particulars as to case stated.
Procedure in disposing of case stated.
Statement of case by other Courts to High Court.
Revision of certain decisions of Courts regarding the sufficiency of stamps.
CHAPTER VII
CRIMINAL OFFENCES AND PROCEDURE.
Penalty for executing, etc., instrument not duly stamped.
59A. Penalty for making false declaration in clearance list.
59B. Penalty for failure to produce documents.
Penalty for failure to cancel adhesive stamp.
Penalty for omission to comply with provisions of section 28.
Penalty for devices to defraud the revenue.
Penalty for franking, recording certificate or embossing contrary to the Act or the rules
63A. Penalty for contravention of other provisions.
Institution and conduct of prosecutions.
Jurisdiction of Magistrates.
Place of trial.
CHAPTER VIII
SUPPLEMENTAL PROVISIONS
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.
Powers to make rules.
Saving as to Court Fees.
Act to be translated and sold cheaply.
Repeal and savings.
Application of Indian Stamp Act 1899.
SCHEDULE.
1957: KAR. ACT 34] Stamp 494
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 dut y.
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
1957: KAR. ACT 34] Stamp 495
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.
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.
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.)
1957: KAR. ACT 34] Stamp 496
VII
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.)
X
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.)
1957: KAR. ACT 34] Stamp 497
XI
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 misclassification 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.)
1957: KAR. ACT 34] Stamp 498
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 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 leasecum-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,
1957: KAR. ACT 34] Stamp 499
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 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
1957: KAR. ACT 34] Stamp 500
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.
(Obtained from LA Bill No. 2 of 1995.)
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.
(Obtained from LA Bill No. 13 of 1997.)
XXV
Amending Act 22 of 1997.- As at present the duty in respect of transaction of lease-cumsale 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.
(Obtained from LA Bill No. 11 of 1997.)
XXVI
1957: KAR. ACT 34] Stamp 501
Amending Act 5 of 1998.- To give effect to the proposals made in the Budget Speech, it is
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)
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,-
To define the term Assistant Commissioner to Stamps Association, Clearance List and
Immoveable property.
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.
To provide for enhancement of Stamp duty in certain cases since there has been no
revision of the rate for a long time.
To provide for payment of stamp duty in cash in certain cases.
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.
To enhance the quantum of punishment in certain cases, by amending relevant penal
section of the Act.
To provide for punishment for making false declaration in clearance list and failure to
produce documents.
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.
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.
1957: KAR. ACT 34] Stamp 502
Hence the Bill.
(Published in the Karnataka Gazette (Extraordinary) Part IV-2A, dated 31st March 1999, as
No. 299)
XXIX
Amending Act 7 of 2000.- To give effect to the proposals made in the Budget Speech, it is
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
Amending Act 6 of 2001.- To give effect to the proposals made in the Budget Speech, it is
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
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.
(Vide LA Bill No. 23 of 2002 File No. SAMVYASHAE 4 SHASANA 2002)
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.
(Vide LA Bill No. 8 of 2003 File No. SAMVYASHAE 15 SHASANA 2003)
XXXIV
1957: KAR. ACT 34] Stamp 503
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
Amending Act 7 of 2006.- To give effect to the proposals made in the Budget Speech,
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. 12 of 2006]
XXXVI
Amending Act 7 of 2007.- To give effect to the proposals made in the Budget Speech
of 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.]
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]
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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.]
1957: KAR. ACT 34] Stamp 504

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)
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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)
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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
(LA Bill No. 24 of 2009, File No. DPAL 17 Shasana 2009)
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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
(LA Bill No. 37 of 2009, File No. DPAL 28 Shasana 2009)
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
XLIII
1957: KAR. ACT 34] Stamp 505
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]
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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]
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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]
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
XLVI
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, BioTechnology, Science and Technology.
Hence, the Bill.
[L.A. Bill No. 45 of 2011, File No.Samvyashae 48 Shasana 2011]
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
XLVII
Amending Act 15 of 2012.- To give effect to the proposals made in the Budget Speech
of 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]
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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.
1957: KAR. ACT 34] Stamp 506
[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]
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
L
Amending Act 03 of 2015.- It is considered necessary to amend the Karnataka Stamp
Act, 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.
[L.A. Bill No. 67 of 2014, File No. Samvyashae 51 Shasana 2014]
[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.
[L.A. Bill No. 09 of 2015, File No. Samvyashae 17 Shasana 2015]
[entry 63 of List II of the Seventh Schedule to the Constitution of India.]
LII
1957: KAR. ACT 34] Stamp 507
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]
[entry 63 of List II of the Seventh Schedule to the Constitution of India.]
LIII
Amending Act 09 of 2016.- It is considered necessary to amend the Karnataka Stamp
Act, 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,
[L.A. Bill No.05 of 2016 File No. Samvyashae 38 Shasana 2015]
[entry 63 of List II of the Seventh Schedule to the Constitution of India.]
LIV
Amending Act 10 of 2016.- It is considered necessary to amend the Karnataka Stamp
Act, 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/Startups/Animation/Gaming/CopmuterGraphics/Telecom/MPO/KPO/Other Knowledge base Industries,
Specified in the Government Order No: IUTD 10 PRM 2013 dated 16th January 2014.
Hence the Bill,
[L.A. Bill No.14 of 2016 File No. Samvyashae 51 Shasana 2015]
[entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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 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
1957: KAR. ACT 34] Stamp 508
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.
[L.A. Bill No.21 of 2016 File No. Samvyashae 28 Shasana 2016]
[entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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]
[entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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,-
(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]
[entry 63 of List II of the Seventh Schedule to the Constitution of India.]
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
1957: KAR. ACT 34] Stamp 509
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.
[L.A. Bill No. 41 of 2020, File No. Samvyashae 48 Shasana 2020]
[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.
Hence, the Bill.
[L.A. Bill No. 66 of 2020, File No. Samvyashae 81 Shasana 2020]
[Entry 63 of List II of the Seventh Schedule to the Constitution of India.]
[Published in Karnataka Gazette Extra-ordinary No. 720 in part-IVA dated: 30.12.2020]

1957: KAR. ACT 34] Stamp 510
1
[KARNATAKA]1 ACT No. 34 OF 1957.
(First published in the 1[Karnataka Gazette]1 on the Fifth day of December, 1957.)
THE 1[KARNATAKA]1 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 and 55 of 2020)
An Act to consolidate and amend the laws relating to Stamps.
WHEREAS it is expedient to consolidate and amend the laws relating to stamps in the 1
[State of
Karnataka]1
;
BE it enacted by the 1
[Karnataka State]1 Legislature in the Eighth year of the Republic of India
as follows:—

Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
CHAPTER I
PRELIMINARY
Short title, extent and commencement.- (1) This Act may be called the 1
[Karnataka]1
Stamp Act, 1957.
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
(2) It extends to the whole of the 1
[State of Karnataka]1
.
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
(3) It shall come into force on such 1
[date]1 as the State Government may, by notification in
the Official Gazette appoint.
Act came into force on 1.6.1958 by notification. Text of notification is at the end of the Act.
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 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
[(ab)]1
“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;
Relettered by Act 24 of 1999 w .e.f. 18.8.1999.
1957: KAR. ACT 34] Stamp 511
1
[(ac) “Central Valuation Committee” means the Central Valuation Committee constituted
under section 45B].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
chargeable under the law in force in the territories of the 1
[State of Karnataka]1 when such
instrument was executed or, where several persons executed the instrument at different times,
first executed;
Adapted by the Karnataka Adaptations of Law s Order, 1973 w .e.f. 1.11.1973.
1
[(c) ‘Chief Controlling Revenue Authority’ means the officer appointed by the State
Government to be the 2[Commissioner of Stamps for Karnataka]2
;]1
Substituted by Act 29 of 1962 w .e.f. 1.10.1962.
Adapted by the Karnataka Adaptations of Law s Order, 1973 w .e.f. 1.11.1973.
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
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 other person, and which is not otherwise specifically provided for by the Schedule;]1
Substituted by Act 6 of 1999 w .e.f. 1.4.1999.
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 such area as the State Government may by notification in the Official Gazette specify;] 1
Substituted by Act 29 of 1962 w .e.f. 1.10.1962.
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 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
Inserted by act 24 of 1999 w .e.f. 18.8.1999.
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 territories of the State of Karnataka.]1
1957: KAR. ACT 34] Stamp 512
Substituted by Act 1 of 2008 w.e.f. 1.4.2003
(i) “India” means the territory of India excluding the State of Jammu and Kashmir;
(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;
Inserted by act 24 of 1999 w.e.f. 18.8.1999.
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 otherwise, the terms of such partition amongst the co-owners;]1
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(l) “lease” means a lease of 1[immoveable or movable property or both]1, and includes
also,—
Substituted by Act 9 of 1997 w.e.f. 1.4.1997
(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
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
(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,—
1957: KAR. ACT 34] Stamp 513
(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;
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.
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
1
[(r) “Stamp” means impressed stamp and “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.
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
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
(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:
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
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;
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
Inserted by Act 24 of 1999 w.e.f. 18.8.1999.
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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,
1957: KAR. ACT 34] Stamp 514
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
Inserted by Act 29 of 1962 w.e.f. 1.10.1962.
1[3B. Certain instruments chargeable with additional duty.-
2
[(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 Rasthe Abhivrudhi Nidhi in the proportion of 57:28:15
respectively]2
(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
Substituted by Act 6 of 2001 w.e.f. 1.4.1998
Substituted by Act 2 of 2004 w.e.f. 1.2.2004
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
Inserted by Act 6 of 1999 w.e.f. 1.4.1999.
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.
Substituted by Act 8 of 1995 w.e.f. 1.4.1995.
(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 highes t duty
which would be chargeable in respect of any of the said instruments employed.
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.
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:
1957: KAR. ACT 34] Stamp 515
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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,
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
Inserted by Act 24 of 1987 w.e.f. 12.6.1987.
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.
Power to reduce, remit or compound duties.- (1) The State Government may, by rule
or order published in the Official Gazette,—
(a) 3
[reduce upto fifty percent]3
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
1957: KAR. ACT 34] Stamp 516
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 and non-conventional energy devices such as solar and biogas
energies, ]
5

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;
(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
amount paid to them when their lands are acquired for public purposes.] 7
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 remit, till 31st 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 divers ification 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 State Government from time to time]6
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 Order No. Ka Sam Va Pra 231 Pra Va Yo 2007 dated: 20th October 2009 or
specified by the State Government from time to time.]7
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 Government order No. AHD 172 AFT 2010, Bangalore, dated 5th 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,
Dated 25th 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,
Dated 2nd February 2010 or as specified by the State Government from time
to time;
(d) The Karnataka Electronics Hardware Policy – 2011, specified in the
Government Order No. ITD 09 PRM 2008, Bangalore, Dated 29th January
2011 or as specified by the State Government from time to time.] 8
1957: KAR. ACT 34] Stamp 517
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 exclusively meant for public purpose.]5
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
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-
04-2003. ]
9
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 remit, till 30th 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 details of the compensation given.]
11
13
[Provided also that the State Government may, in public interest, by notification, reduce
or remit, for a period of five years with effect from 16th 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
1957: KAR. ACT 34] Stamp 518
knowledge based industries, specified by general or special order of the State Government from
time to time subject to production of a certificate to that effect from the prescribed Authority ]
13
(b) provide for the composition or consolidation of duties in the case of issues by any
incorporated company or other body corporate of bonds 7
[or other marketable securities,
brokers’ notes, policies of insurance and receipts.]7
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 Order No.AGD 94 AMS 2015, dated: 11.12.2015, published in the Karnataka
Gazette, dated: 21st January, 2016 or any other modifications specified by the State Government
from time to time subject to production of a certificate to that effect from the Prescribed
Authority.]14
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 from time to time subject to production of a certificate to that effect from
the Prescribed Authority.]15
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 from the Director of Industries and Commerce.]
16
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 subsection (1).]4
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 prejudice to the validity of anything previously done under that rule or
order.]1
B.—Of Stamps and the mode of using them.

Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
Substituted by Act 5 of 1998 w.e.f. 1.4.1998.
Inserted by Act 5 of 1998 w.e.f 01.04.1998.
Substituted by Act 8 of 2010 w.e.f. 1.4.2010.
Substituted by Act 9 of 2010 w.e.f 03.04.2010.
Inserted by Act 16 of 2011 w.e.f. 1.4.2011.
Inserted by Act 2 of 2012 w.e.f. 4.1.2012.
Inserted by Act 19 of 2014 w.e.f 01.03.2014
Inserted by Act 3 of 2015 w.e.f 01.10.2014
Inserted by Act 7 of 2016 w.e.f 01.04.2016.
Inserted by Act 9 of 2016 w.e.f. 01.04.2016
Inserted by Act 10 of 2016 w.e.f. 01.04.2016
1957: KAR. ACT 34] Stamp 519
Inserted by Act 32 of 2017 w.e.f. 03.07.2017.
Inserted by Act 45 of 2020 w.e.f. 19.10.2020.
Deemed to have been inserted by Act 55 of 2020 w.e.f. 19.11.2020.
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
manner of recording such certificate.]1
Substituted by Act 1 of 2008 w.e.f . 1.4.2003
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
making impression of stamps 2
[or implement Computerised Stamp duty administration system or
Electronic Stamping or Dematerialisation of stamping; for indicating the payment of stamp duty on
any Instrument or plain paper, as the case may be]2
]
1
Inserted by Act 6 of 1999 w.e.f. 1.4.1999.
Substituted by Act 7 of 2007 w.e.f. 1.4.2007.
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.
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
execution.]1
1
[X X X]1
Omitted by Act 1 of 2008 w .e.f. 1.4.2003
1
[X X X]1
Omitted by Act 1 of 2008 w .e.f. 1.4.2003
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.
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
1957: KAR. ACT 34] Stamp 520
right created or evidenced thereby, or of acknowledging the receipt of any money or goods the
payment or delivery of which is secured thereby.
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.
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
C.—Of the time of Stamping Instruments.
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.
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
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
Inserted by Act 24 of 1999 w.e.f. 18.8.1999.
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.
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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,—
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
(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,
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
(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
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
(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.
1957: KAR. ACT 34] Stamp 521
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
D.—Of Valuations for Duty.
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).
Substituted by Act 8 of 1958 w.e.f. 29.3.1958.
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.
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.
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.
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.
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.
1957: KAR. ACT 34] Stamp 522
(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.
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,—
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
Omitted by Act 12 of 1975 w.e.f. 1.5.1975.
(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.
Omitted by Act 12 of 1975 w.e.f. 1.5.1975.
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
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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.
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
1957: KAR. ACT 34] Stamp 523
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
Inserted by Act 17 of 1966 w.e.f. 15.11.1966.
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
Inserted by Act 12 of 1975 w.e.f. 1.5.1975.
1[28A, 28B. x x x]1
Omitted by Act 6 of 1999 w.e.f. 1.4.1999.
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
Substituted by Act 12 of 1975 w.e.f. 1.5.1975
E.—Duty by whom payable.
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. 1[23]1 (Customs Bond),
No. 1[27]1 (Further Charge),
No. 1[29]1 (Indemnity Bond),
No. 1[34]1 (Mortgage Deed),
No. 1[45]1 (Release),
No. 1[46]1 (Respondentia Bond),
No. 1[47]1 (Security Bond or Mortgage Deed).
No. 1[48]1 (Settlement),
No. 1[52]1 (a) (Transfer of Debentures, being marketable securities, whether the
debenture is liable to duty or not),
No.1[52]1 (b) (Transfer of any interest secured by a bond, mortgage deed or policy of
insurance), by the person drawing, making or executing such instrument;
(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
[(ca) in the case pf power of attorney by the principal;]3
(d)in the case of an instrument of exchange—by the parties in equal shares;
1957: KAR. ACT 34] Stamp 524
2
[(dd) in the case of a certificate of enrolment in the roll of advocates maintained by the State
Bar Council—by the Advocate enrolled;]2
(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;
(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;
1957: KAR. ACT 34] Stamp 525
(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;
(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
goods;”]
4
Substituted by Act 29 of 1962 w .e.f. 1.10.1962.
Inserted by Act 29 of 1962 w .e.f. 1.10.1962.
Inserted by Act 24 of 1999 w .e.f. 18.8.1999.
Inserted by Act 17 of 2017 w .e.f.01.04.2017.
CHAPTER III
ADJUDICATION AS TO STAMPS
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.
Substituted by Act 29 of 1962 w .e.f. 1.10.1962.
Substituted by Act 24 of 1999 w .e.f. 18.8.1999.
(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:
Substituted by Act 29 of 1962 w .e.f. 1.10.1962.
Provided that,-
1957: KAR. ACT 34] Stamp 526
(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.
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,-
Substituted by Act 29 of 1962 w .e.f. 1.10.1962.
(a) the 1[Deputy Commissioner]1 determines that it is already fully stamped, or
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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,
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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:
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
Provided that nothing in this section shall authorise the 1[Deputy Commissioner]1 to
endorse,—
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
CHAPTER IV
INSTRUMENTS NOT DULY STAMPED
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
1957: KAR. ACT 34] Stamp 527
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:
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
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.
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 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;
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
Inserted by Act 29 of 1962 w.e.f. 1.10.1962.
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.
1957: KAR. ACT 34] Stamp 528
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.
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(2) In every other case, the person so impounding an instrument shall send it in original
to the 1[Deputy Commissioner]1.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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]
chargeable under clause (a) or (b) of section 3 with a duty of twenty-five naye paise, he shall
adopt the following procedure:—
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
1957: KAR. ACT 34] Stamp 529
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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
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;
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(b) nothing in this section shall affect order XIII, rule 9 of the First Schedule to the Code of
Civil Procedure, 1908.
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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
1957: KAR. ACT 34] Stamp 530
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.
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.
Substituted by Act 6 of 1999 w.e.f. 1.4.1999
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
Inserted by Act 29 of 1962 w.e.f. 1.10.1962.
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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
[45A. Instrument of conveyance, etc. undervalued how to be dealt with.-
2
[(1) If the
registering officer appointed under the Registration Act, 1908 (Central Act XVI of 1908) while
registering 3
[any instrument of,-
(a) Conveyance [section 2(1)(d) ]; (b) Gift [Article 28(a)];
(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
[(h) a lease covered under item 8
[(vi)] 8 of Article 30;] 7
(i) A power of Attorney covered 7
[under clause (e), clause (ea) and clause (eb)]
7 of Article 41;
(j) Release 6
[(Article 45-(a)]6
;
(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 and the proper duty payable thereon.]1
5
[(l) Agreement [Article 5(f)]
1957: KAR. ACT 34] Stamp 531
(m) Award [Article 11(a)]
(n) Trust [Article 54 (A) (iii)]5
9
[(o) Transferable Development Rights [ Article 20(7)].] 9
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.
Substituted by Act 24 of 1999 w.e.f. 18.8.1999.
Substiuted by Act 8 of 2003 w.e.f. 1.4.2003.
Inserted by Act 7 of 2006 w.e.f. 1.4.2006.
Inserted by Act 7 of 2007 w.e.f. 1.4.2007.
Substituted by Act 7 of 2007 w.e.f. 1.4.2007.
Substituted by Act 9 of 2009 w.e.f..1.4.2009.
Substituted by Act 8 of 2010 w.e.f.1.4.2010.
Inserted 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 any, in the amount of duty, shall be payable by the person liable to
pay the duty. 3
[with interest at twelve percent per annum if he does not pay within ninety days
from the date of order of the Deputy Commissioner]
3
3
[Provided that the payment of interest is not applicable to instruments executed prior to 31st
day of March, 2006.]3
Inserted by Act 24 of 1999 w.e.f. 18.8.1999.
Substituted by Act 8 of 2003 w.e.f. 1.4.2003.
Inserted by Act 7 of 2006 w.e.f. 1.4.2006.
(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 subsection (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 payable by the person liable to pay the duty 2
[with interest at twelve
percent per annum if he does not pay within ninety days from the date of order of the Deputy
Commissioner]
2
:
Substituted by Act 8 of 2003 w.e.f. 1.4.2003.
Inserted by Act 7 of 2006 w.e.f. 1.4.2006.
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 31st day of March 2006.]
2
.
Inserted by Act 7 of 2006 w.e.f. 1.4.2006.
(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-section (3) may, prefer an appeal before the 1
[Regional Commissioner]1 and all such appeals
1957: KAR. ACT 34] Stamp 532
shall be preferred within such time and be heard and disposed off in such manner as the State
Government may by rules prescribe.]1
Substituted by Act 17 of 2007 w.e.f. 5.1.2007.
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):
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
Substituted by Act 8 of 2003 w.e.f. 1.4.2003.
1[Explanation.- x x x ]1
Omitted by Act 6 of 1999 w.e.f. 1.4.1999.
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 necessary.]1
Subsections (1) to (3) substituted by Act 8 of 2003 w.e.f. 1.4.2003
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 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.
Re-numbered by Act 11 of 1991 w.e.f. 1.4.1991.
Inserted by Act 24 of 1999 w.e.f. 18.8.1999.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.

1
[
2
[(2) All duties, penalties and other sums required to be paid under this Chapter shall be a
charge on the property which is t he subject matter of the Instrument:] 2

Sub-sections (2) and (3) Substituted by Act 24 of 1999 w.e.f. 18.8.1999
Inserted by Act 11 of 1991 w.e.f. 1.4.1991
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.
1957: KAR. ACT 34] Stamp 533
(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 misstatement 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, as if for the words 2
[five years]2 the words 2
[ten years]2 were substituted:
Provided further that nothing in this sub-section shall apply to instruments executed prior to
first day of April, 1972.
Inserted by Act 15 of 1980 w.e.f. 1.4.1972.
Substituted by Act 16 of 1983 w.e.f. 1.4.1972.
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.
Substituted by Act 16 of 1983 w.e.f. 1.4.1972.
(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 spec ified
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
Substituted by Act 24 of 1999 w.e.f. 18.8.1999.
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
instruments in the manner prescribed]1
Inserted by Act 24 of 1999 w.e.f. 18.8.1999.
CHAPTER V
ALLOWANCES FOR STAMPS IN CERTAIN CASES
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:—
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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;
1957: KAR. ACT 34] Stamp 534
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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;
Substituted by Act 6 of 1999 w.e.f. 1.4.1999.
(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;
Substituted by Act 6 of 1999 w.e.f. 1.4.1999.
(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;
Substituted by Act 6 of 1999 w.e.f. 1.4.1999.
Provided that,—
(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;
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
Substituted by Act 6 of 1999 w.e.f. 1.4.1999.
(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.
1957: KAR. ACT 34] Stamp 535
Substituted by Act 6 of 1999 w.e.f. 1.4.1999.
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.
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 restamped with the proper duty, cancel and allow as spoiled the stamp so misused or rendered
useless.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
Substituted by Act 6 of 1999 w.e.f. 1.4.1999.
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
Substituted by Act 6 of 1999 w.e.f. 1.4.1999.
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—
Renumbered by Act 6 of 1999 w.e.f. 1.4.1999.
Substituted by Act 8 of 1958 w.e.f. 29.3.1958.
Substituted 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
(c) that they were so purchased within the period of 1[one year]1 next preceding the date on
which they were so delivered:
Substituted by Act 6 of 1999 w.e.f. 1.4.1999.
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.
1957: KAR. ACT 34] Stamp 536
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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
Inserted by Act 6 of 1999 w.e.f. 1.4.1999.
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,—
(i) other than those to which any of the said sections is applicable; 3
[XXX]3
(ii) 3
[XXX]3
may by order direct the grant of such relief as may be specified in the order and the Deputy
Commissioner shall dispose of the case or class of cases conformably to such order.]1
2
[Provided that the provisions of this section shall not apply to cases where refunds are claimed
for loss of stamps.]2
Inserted by Act 29 of 19629 w .e.f. 1.10.1962.
Inserted by Act 24 of 1999 w .e.f. 18.8.1999
Omitted by Act 17 of 2017 w .e.f. 01.04.2017.
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 and any stamps not so used or not so delivered within the period
aforesaid shall be rendered invalid.]
1
Inserted by Act 17 of 2017 w .e.f. 1.04.2017.
CHAPTER VI
REFERENCE AND REVISION
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962
(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.
1957: KAR. ACT 34] Stamp 537
Substituted by Act 29 of 1962 w.e.f. 1.10.1962
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:
Inserted by Act 24 of 1999 w.e.f. 18.8.1999
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 rules made thereunder by such person with intent to evade payment of
duty.]1
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.
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.
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.
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.
1957: KAR. ACT 34] Stamp 538
(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.
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
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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:
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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;
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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
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:
Substituted by Act 24 of 1999 w.e.f. 18.8.1999.
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.
1957: KAR. ACT 34] Stamp 539
(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.
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.
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
[X X X]
1
Omitted by Act 1 of 2008 w .e.f. 1.4.2003
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.
Substituted by Act 24 of 1999 w.e.f. 18.8.1999.
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 or with fine which may extend to five thousand rupees or with both.] 1
Substituted by Act 1 of 2008 w .e.f. 1.4.2003
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
1957: KAR. ACT 34] Stamp 540
Inserted by Act 17 of 1966 w.e.f. 15.11.1966.
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.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
(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.
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
Substituted by Act 24 of 1999 w.e.f 18.8.1999.
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
Substituted by Act 24 of 1999 w.e.f 18.8.1999.
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
Inserted by Act 29 of 1962 w.e.f. 1.10.1962.
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
1957: KAR. ACT 34] Stamp 541
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:
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
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
Omitted by Act 12 of 1975 w.e.f. 1.5.1975.
(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
Inserted by Act 12 of 1975 w.e.f. 1.5.1975.
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
(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
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
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
Inserted by Act 8 of 2003 w.e.f. 1.4.2003
Provided that such rules shall not restrict the sale of 1[fifteen naye paise, ten naye paise or
five naye paise]1 adhesive stamps.
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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
1957: KAR. ACT 34] Stamp 542
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
Substituted by Act 29 of 1962 w.e.f. 1.10.1962.
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.
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.
Substituted by Act 12 of 1975 w.e.f. 1.5.1975.
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:
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
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.
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.
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
(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:
Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 1.11.1973.
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
1957: KAR. ACT 34] Stamp 543
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
Whole schedule has been Substituted by Act 21 of 1979 w.e.f. 31.3.1979.
Article
No.
Description of Instrument Proper stamp-duty
1 2 3
1
[1. Acknowledgment of,—
(i) a debt written or signed by or on behalf of, a debtor in
order to supply evidence of such debt in any book
(other than a Banker’s pass book) or on a separate
piece of paper when such book or paper is left in the
creditors’ possession and the amount or value of such
debt,—
(a) exceeds rupees 100 but does
not exceed rupees 2[5,000.]2
2
[Two rupee.]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, package, or
consignment, of any nature or discription, whatsoever or
by whatever 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.
Substituted by Act 8 of 1995 w.e.f. 1.4.1995.
Substituted by Act 7 of 2000 w.e.f. 1.4.2000.
Inserted by Act 6 of 2001 w.e.f. 1.4.2001
One rupee for every
rupees one hundred or
part thereof of the
amount charged
therefor]1
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, 1925 (Central Act XXXIX
of 1925)—
(a) where the amount does not exceed Rs. 1,000.
(b) in any other case
Substituted by Act 10 of 1990 w.e.f. 1.4.1990.
The same duty as a
Bond (No. 12) for such
amount.
1
[One hundred
rupees]1
3.Adoption deed,- that is to say, any instrument (other
than a will), recording an adoption, or conferring or
purporting to confer an authority to adopt.
Substituted by Act 8 of 20030 w.e.f. 1.4.2003.
1
[Five hundred
rupees]1
Advocate,- See Certificate of enrolment as an
1957: KAR. ACT 34] Stamp 544
Advocate (No. 17).
Affidavit,- including an affirmation or declaration
in the case of persons by law allowed to affirm or
declare instead of swearing.
Substituted by Act 7 of 2000 w.e.f. 1.4.2000.
1[Twenty rupees]1
EXEMPTIONS
Affidavit or declaration in writing when made,—
(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.
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, subject to a maximum of rupees
one thousand.
(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 mem- value of the security at the
bers 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 (20)
lease-cum-sale in connection with the for a market value equal to the secuallotment of a building site, with or with- rity deposit and the amount of average
out building thereon, effected by the annual rent reserved under such
Bangalore Development and the amount 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
1957: KAR. ACT 34] Stamp 545
the Karnataka Improvement Boards Act, 1976
(Karnataka Act 11 of 1976) 4[,House Building Cooperative Societies registered under the Karnataka Cooperative 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 convecum-sale effected by the Bangalore Dev- yance [No. 20(3)] for the market value
eploment Authority constituted under the equal to the security deposit and the
Bangalore Development Authority Act, amount of average annual rent rese- 1976
(Karnataka Act 12 of 1976), the rved under such agreement.]6
Karnataka Housing Board constituted
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. 20)
delivered or is agreed to be delivered on the market value of the property.
20 [before]20 executing the conveyance; 16[
11[provided that the duty paid on power of attorney
under Articles 41(e) or 41(eb), as the case may be,
is adjustable towards the duty payable on
agreement for sale under Article 5(e) or instrument
of sale or transfer, as the case may be, executed
between the same parties and in respect of the
same property]
11]
16
1957: KAR. ACT 34] Stamp 546
7
[(ii) possession of the property is not
delivered
Explanation-I,- When a reference, of a Power
of Attorney granted separately by the seller to
the purchaser in respect of the property which
is the subject matter of such agreement, is
made in the agreement, then the possession
of the property is deemed to have been
delivered for the purpose of this clause.
Explanation-II,- For the purpose of clause (e)
and clause (h) where subsequently
conveyance or mortgage as the case may be,
is executed between the same parties in
pursuance of such agreement or its records or
memorandum, the stamp duty, if any, already
paid and recovered on the agreement or its
record or memorandum shall be adjusted
towards the total duty leviable on the
conveyance or mortgage, as the case may be
Ten paise for every one hundred
rupees or part thereof on the
market value equal to the amount of
consideration subject to a maximum
of rupees twenty thousand but not
less than rupees five hundred
Provided that if the proper
stamp duty is paid on power of
attorney under Article 41(e) or 41
(eb) as the case may, be executed
between the same parties in
respect of the same property, then
the stamp duty chargeable on such
agreement under Article 5(e) shall
not exceed rupees two hundred.]7

(b) Where such agreement or Fifty rupees
memorandum of an agreement does not relate to
monetary transactions or transactions not susceptible to
valuation in terms of money
12[(f) XXX] 12
17[
14[ (f) If relating to construction or
development of immovable property,
including a multi unit or multi storied house or
building or apartment or flat, or portion of it,
executed by and between owner or lessee,
as the case may be, and developer, having a
stipulation, whether express or implied, that,
in consideration of the owner or lessee
conveying or transferring or disposing off, in
any way, the undivided share or portion of
land or immovable property; the developer
agrees to convey or transfer or dispose off, in
any way, the proportionate or agreed share
or portion of the constructed or developed
building or immovable property to the owner
or lessee, as the case may be.
Explanation:
The term “Developer” includes promoter or
builder or by whatever name called.
Two Rupees for every one hundred
rupees or part thereof, on the Market
Value of such undivided share or portion
of land or immovable property,
consideration and money advanced, if
any; or
On the Market Value of such share or
portion of the constructed or developed
building or immovable property,
consideration and money advanced, if
any; Whichever is higher:
Provided that, if the proper stamp duty is
paid under clause (ea) of the Article 41 on
power of Attorney, executed by and
between the same parties and in respect
of the same property, then the stamp duty
payable on the corresponding agreement
under clause (f) of article 5, shall not
exceed rupees two hundred.”
Explanation: The term “money advanced”
1957: KAR. ACT 34] Stamp 547
in this Article, means and includes the
security deposit whether refundable or
adjustable. ]
15]
17
18
[(g) if relating to sale of moveable property,-
(i) possession of the
property is delivered or is
agreed to be delivered
without executing the
conveyance
20
[Three per cent]20 of the consideration or
market value of the property, whichever is
higher :
Provided that, where a deed of
cancellation of earlier agreement is
executed by and between the same
parties in respect of the same property
and if proper stamp duty has been paid on
such agreement, the duty on such “deed
of cancellation” shall not exceed rupees
five hundred.
(ii) possession of the
property is not delivered
Ten paise for every one hundered rupees
or part thereof on the market value equal
to the amount of consideration subject to a
maximum of rupees twenty thousand but
not less than rupees five hundred”.]
18
(h) If relating to the mortgage Same duty as under article 34 (a) or
(b) as the case may be.
11[(i) if relating to contract between Depository Participant (as
defined in “The Depository Act, 1996”) and client, for opening
de-mat account
Rupees fifty
(ia) if relating to contract between stock broker or sub
broker(agent) and client(principal), for Stock Market
operations
Rupees fifty]11
14[(ib) If relating to advertisement or telecasting or
broadcasting of programs for promotion and development of
business
(ic) If relating to assignment or transfer of intellectual property
rights (i.e., patent rights, copy rights or trade marks rights.)
(id) If relating to building Works or labour or services (works
contracts)
(i) Where the amount or consideration in the agreement
One Rupee for every one
thousand rupees or part
there of on the amount or
consideration in the
agreement, but not less
than Rupees two hundred.
One Rupee for every one
thousand rupees or part
there of on the amount or
consideration in the
agreement, but not less
than Rupees two hundred.
Rupees one hundred
1957: KAR. ACT 34] Stamp 548
does not exceed Rupees ten lakhs
(ii) where the amount or consideration in the agreement
exceeds Rupees ten lakhs
Rupees One hundred and in
addition Rupees One
hundred for every Rupees
ten lakhs or part thereof in
excess of Rupees ten lakhs,
subject to a maximum of
Rupees five lakhs.]14
20[
19[(i-e) Chit Agreement, executed in the State
of Karnataka under Section 6 of the
Chit Funds Act, 1982.-
(i) where the value of the chit
does not exceed rupees one
lakh
Rupees one hundred
(ii) where the value of the chit
exceeds rupees one lakh
Rupees one hundred plus rupees fifty
for every rupees one lakh or part
thereof, exceeding rupees one
lakh.]19]
20
13[(j)]
13 If not otherwise provided for 9
[two hundred rupees]9
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.

Inserted by Act 8 of 1995 w.e.f. 1.4.1995.
Substituted by Act 8 of 1995 w.e.f. 1.4.1995.
Inserted by Act 16 of 1981 w.e.f. 10.9.1980.
Inserted by Act 10 of 1988 w.e.f. 25.4.1988.
Inserted by Act 22 of 1997 w.e.f. 29.9.1997.
Inserted by Act 6 of 1999 w.e.f. 1.4.1999.
Substituted by Act 16 of 2011 w.e.f.1.4.2011.
Substituted by Act 7 of 2007 w.e.f. 1.4.2007
Substituted by Act 9 of 2009 w.e.f.1.4.2009
Omitted by Act 5 of 1998 w.e.f. 1.4.1998.
Inserted by Act 8 of 2010 w.e.f.1.4.2010.
Omitted by Act 16 of 2011 w.e.f.1.4.2011.
renumbered by Act 8 of 2010 w.e.f.1.4.2010.
Inserted by Act 15 of 2012 w.e.f. 1.4.2012.
1957: KAR. ACT 34] Stamp 549
Inserted by Act 29 of 2013 w.e.f. 1.4.2013.
Substituted by Act 19 of 2014 w.e.f 1.03.2014
Substituted by Act 19 of 2014 w.e.f 1.03.2014
Substituted by Act 16 of 2015 w.e.f. 01.04.2015
Inserted by Act 16 of 2015 w.e.f. 01.04.2015
Substituted by Act 07 of 2016 w.e.f. 01.04.2016
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,-
0.1 percent on the loan or debt
amount subject to a minimum of
rupees five hundred
(i) where the loan or debt amount
does not exceed rupees ten lakhs
(ii) where the loan or debt amount
exceeds rupees ten lakhs
0.2 percent on the loan or debt
amount subject to a maximum of
rupees ten lakhs.” ]
11
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,-
0.1 percent on the loan or debt
amount
(i) where the loan amount exceeds rupees
one lakh but does not exceed rupees ten
lakhs
(ii) where the loan amount exceeds rupees
ten lakhs
0.2 percent on the loan or debt
amount subject to a maximum of
rupees ten lakhs.” ]
11
Exemption: Instruments of pawn or pledge of
goods or jewels wherein such loan or debt is upto
Rupees one lakh”.
Provided that where a fresh
instrument of pawn or pledge of
movable property is executed for
securing repayment of money
already advanced by way of loan
1957: KAR. ACT 34] Stamp 550
between the same parties and for the
same purpose and for the same
amount and the duty in respect of
earlier instrument has been paid,
then the duty chargeable on such
fresh instrument is chargeable as per
clause (j) of Article 5 of this
Schedule.]10

Substituted by Act 9 of 1997 w.e.f. 1.4.1997.
Substituted by Act 6 of 1999 w.e.f. 1.4.1999.
Substituted by Act 8 of 2008 w.e.f. 1.8.2008.
Substituted by Act 8 of 2003 w.e.f. 1.4.2003.
Inserted by Act 7 of 2006 w.e.f. 1.4.2006.
Omitted by Act 6 of 1999 w.e.f. 1.4.1999.
Inserted by Act 5 of 1998 w.e.f. 1.4.1998.
Inserted by Act 6 of 1999 w.e.f. 1.4.1999.
Substituted by Act 8 of 2010 w.e.f.1.4.2010.
Substituted by Act 15 of 2012 w.e.f.1.4.2012.
Substituted by Act 16 of 2015 w.e.f. 01.04.2015
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
Substituted by Act 7 of 2000 w.e.f. 1.4.2000.
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
(b) in any other case 1[One hundred rupees]1
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
Apprenticeship-deed,- including every writing
relating to the service or tuition of any apprentice, clerk
or servant placed with any master to learn any pro
fession, trade or employment 1[2[rupees one hundred]2]1
Exemption.- Instruments of apprenticeship, by
which a person is apprenticed by, or at the charge, of
any public charity
1.Substituted by Act 8 of 2003 w.e.f. 1.4.2003
Substituted by Act 16 of 2015 w.e.f. 01.04.2015
1[10. Articles of Association of a 2[3[rupees one thousand for
1957: KAR. ACT 34] Stamp 551
Company,- where the company
has no share capital or nominal
share capital or increased share
capital.
every rupees ten lakhs or part
thereof subject to a maximum
of rupees fifty lakhs]3
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
Substituted by Act 8 of 1995 w.e.f. 1.4.1995.
Substituted by Act 6 of 2001 w.e.f. 1.4.2001
Substituted by Act 16 of 2015 w.e.f. 01.04.2015
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.
(a) If the property, which is the
subject matter of award, is
immovable property.
(b) If the property, which is the
subject matter of award, is
movable property,
(i) Where the amount
or market value of
the property, as set
forth in the award,
does not exceed
Rupees fifty lakhs.
(ii) Where the amount
The same duty as the conveyance [under
Article 20(1)] on the market value of the such
property, or consideration, whichever is
higher.
¾ % of the amount or market
value.
1957: KAR. ACT 34] Stamp 552
or market value of
the property
exceeds rupees
fifty lakhs but does
not exceed rupees
five Crores.
(iii) Where the amount
or market value of
the property
exceeds rupees
five Crores.
Rupees thirty seven thousand five
hundred plus ½ % of the amount or market
value exceeding Rupees fifty lakhs.
Rupees thirty seven thousand five
hundred plus two lakhs twenty five
thousand plus ¼ % of the amount or
market value exceeding Rupees five
crores]
1
]
2
1.Substituted by Act 9 of 2009 w.e.f. 1.4.2009.
2.Substituted by Act 19 of 2014 w.e.f. 1.3.2014.
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;
(a) Where the amount or value 2
[fifty paise]
2
for every one hundred
secured does not exceed Rs. 1000 rupees or part thereof.
(b) Where it exceeds Rs. 1000 The same duty as under Clause (a) for
the first one thousand rupees and for
every five hundred rupees or part
thereof in excess of One thousand rupees:2
[two rupees and fifty
paise]2
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
1.Substituted by Act 10 of 1990 w.e.f. 1.4.1990.
Substituted by Act 15 of 2012 w.e.f. 1.4.2012.
13.Bottomry Bond,- that is to say, any
instrument where by the master of a seagoing ship borrows money on the security
1957: KAR. ACT 34] Stamp 553
of the ship to enable him to preserve the The same duty as Bond
ship or prosecute her voyage. (No. 12) for such amount.
1
[14 Cancellation of instruments.-
(a) Cancellation of any instrument
previously executed on which stamp duty
has been paid as per any article of the
2
[Schedule and not otherwise specifically
provided for by the Schedule.]2
3
[same duty as on the original
instrument if such cancellation
has the effect of reconveyance
of property already conveyed
by the original instrument:
Provided that, if the
original instrument is a
conveyance on sale, then the
stamp duty payable on such
cancellation instrument is, as
per article 20(1), on the market
value of the property as on the
date of execution of such
cancellation.] 3
(b) Cancellation of any instrument executed
by or on behalf of the Central Government
or a Local Authority or other Authority
constituted by or under any law for the time
being in force or a body corporate wholly
owned or controlled by the Central
Government or the State Government.
one hundred rupees
(c) in any other case
3
[See also agreement or its records or
Memorandum of an Agreement No.(5)(e)
(i)]3 Release (No.45) Revocation of
Settlement (No.48-B), Surrender of Lease
(No.51) 4
[XXX]
4
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
one hundred rupees”
Substituted by Act 7 of 2006 w.e.f. 1.4.2006.
Substituted by Act 7 of 2007 w.e.f. 1.4.2007.
Substituted by Act 8 of 2010 w.e.f.1.4.2010.
Omitted by Act 16 of 2011 w.e.f.1.4.2011.
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
1957: KAR. ACT 34] Stamp 554
a Court or Tribunal or officer of Government or by any
other authority under any enactment.
(a) where the purchase money
does not exceed Rs. 10 One rupee
(b) where the purchase money
exceeds Rs. 10 but does not exceed
Rs. 25. One rupee and fifty paise
(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- rupees or a part thereof of the value
der 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
1.Substituted by Act 8 of 1995 w.e.f. 1.4.1995
17.Certificate of enrolment,- in the roll of Advocates
prepared and maintained by
the State Bar Council under the Advo- 1[Five hundred rupees]1
cates Act, 1961 (Central Act 25 of 1961)
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
Charter-party that is to say any instrument
(except an agreement for the hire of a tug-steamer)
whereby a vessel or some specified principal part
thereof is let for the specified purposes of the charter,
whether it includes a penalty
clause or not. 1[2[rupees one hundred]2]1
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
Substituted by Act 16 of 2015 w.e.f. 01.04.2015
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 entother marketable security of a like nature ries in such list on the value of the
in or of any incorporate company or other securites calculted at the making up
body corporate submitted to the clearing price or the contract price, as the case
house of a stock exchange recognised may be.
1957: KAR. ACT 34] Stamp 555
under the Securities Contracts (Regulation) Act, 1956.
(3) relating to the transactions for the The sum of duties chargeable under
purchase or sale of a share, scrpit, stock Article 5(c) (i) or 37(b), as the case
, bond, debenture, debenture stock or may be, in respect of each of the enother marketable security, of a like natu- tries in such list on the value of the
re 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.
Inserted by Act 8 of 1995 w.e.f. 1.4.1995
Composition-deed,- that is to say, any
instrument executed by a debtor, where by he conveys
his property, for the benefit of his creditors, or whereby
payment of a composition or dividend on their debts is
secured to the creditors or whereby provision is made
for the continuance of the debtors’ business, under the
supervision of inspectors or under letters of licence, for
the benefit of
his creditors. 1[2[two hundred rupees]2]1
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
Substituted by Act 16 of 2015 w.e.f. 01.04.2015
1
[20 (1) For Conveyance.- as defined by clause
(d) of section 2, not being a transfer charged
or exempted under No.52, on the market value
of the property which is the subject matter of
conveyance
17[five percent of the
value]1
]
17
3
[X X X ] 3
4
[(2) Where it relates to 12[instrument]12 of
conveyance executed by a promoter,
a land owner, or a developer by
whatever name called, pertaining to
premises of ‘Flat’ 22[other than
premises of Flat referred in clause
(2A)]
22 as defined in clause (a) of
section 2 of the Karnataka Ownership
Flats (Regulation of the Promotion of
Construction, Sale, Management and
Transfer) Act, 1972 (Karnataka Act
16 of 1973) or ‘Apartment’ as defined
in clause (a) of section 3 of the
Karnataka Apartment Ownership Act,
1972 (Karnataka Act 17 of 1973) or
transfer of share by or in favour of
Co-operative Society or Company
the same duty as a conveyance
under Article 20(1) 13[on the market
value equal to the market value of
the fully constructed flat or
apartment or unit, irrespective of
the stage of construction, deeming
it as fully constructed]13
1957: KAR. ACT 34] Stamp 556
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)
14[xxx]14
22[(2A) where an instrument of conveyance relating to
the first sale of flat or apartment, and,-
(i) where the market value of which is rupees
twenty lakhs or less than twenty lakhs.
(ii) where the market value of which is above
rupees twenty lakhs but upto and inclusive of
thirty five lakhs.
two percent of the value
three percent of the value]22
6
[(3) Where any instrument of conveyance The duty shall be payable at the rates
is effected by the Bangalore Developme- specified under clause (2) of Article 20
nt Authority constituted under Bangalore on the amount or value of consideratDevelopment Authority Act, 1976 (Karna- ion as set forth in the instrument:
taka Act 12 of 1976), the Karnataka Hou- Provided that in any case where a sing Board
constituted under the Karna- lease-cum-sale Agreement is executaka Housing Board Act, 1962 (Karnata- ted and is stamped with the advalorem
ka Act 10 of 1963 pertaining to premises duty required for such agreement unof Flat or Apartment. der item (da) of Article 5 and in futherance of such agreement a conve-yance 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.
1957: KAR. ACT 34] Stamp 557
7
[(4) If relating to an order made by the
High Court 21
[“or appropriate Tribunals
or appropriate Authorities under the
Companies Act, 2013”]
21
, in respect
of;
(i) Amalgamation of Companies,
including a subsidiary amalgamating
with parent company
19[
15
[
12[
8
[Three per cent]12
]
15
]
19 on the
market value of the property]5 of the
transferor company, located within the
State of Karnataka and transferred to the
transferee company; or
An amount equal to 15[one percent]15 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;
-which ever is higher.
(ii) Reconstruction or Demerger of a
company
19[
15[
12[
7
[Three per cent]12]
15]
19 on the
market value of the property]8 of the
transferor company, located within the
State of Karnataka, and transferred to the
resulting company; or
An amount equal to 15[one percent]15 of
the aggregate value of shares issued or
allotted to the resulting company and in
addition, the amount of consideration if
any, paid for such demerger or
reconstruction;
-whichever is higher.]7
16[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.]16
9
[Exemption:- Amalgamation of sick companies with others, under the orders of Board of
Industrial Finance and Reconstruction (BIFR)]9
10[
18[(5) Conveyance relating to industrial machinery,-
(i) when industrial machinery is
treated as movable property
19[Three per cent]
19 of consideration
or market value of the property,
whichever is higher,
(ii) when industrial machinery is
treated as immovable property
Five percent of consideration or
market value of the property,
whichever is higher”.]
18
(6) If relating to assignment of receivab- One rupee for every one thousand
les by the originator to the special purpose rupees or part thereof subject to a vehicle
(SPV), or by whatever name they maximum of rupees one lakh.]6
are called in the process of securitisation
11[under securitisation and reconstruction
of Financial Assets and Enforcement of
Security Interest Act, 2002]11
13[(7) conveyance relating to Transferable 19[Three per cent]19 on the market value of the
1957: KAR. ACT 34] Stamp 558
Development Rights Transferable Development Rights equal to the
market value of the corresponding portion of the
property leading to such Transferable
Development Rights, which is the subject matter
of conveyance; or consideration for such
conveyance; whichever is higher.]13
20[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.]20
Substituted by Act 7 of 2006 w .e.f.1.4.2006.
Substituted by Act 9 of 2009 w .e.f. 1.4.2009.
Deemed to have been omitted by Act 20 of 2009 w .e.f.04.06.2009.
Inserted by Act 19 of 1994 w .e.f. 1.4.1994.
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.
Deemed to have been substituted by Act 20 of 2009 w .e.f.04.06.2009.
Substituted by Act 8 of 2008 w .e.f. 1.8.2008.
Substituted by Act 7 of 2007 w .e.f. 1.4.2007.
Substituted by Act 8 of 2003 w .e.f. 1.4.2003.
Substituted by Act 8 of 2008 w .e.f. 1.8.2008.
Inserted by Act 9 of 2009 w .e.f.1.4.2009.
Substituted by Act 8 of 2010 w .e.f. 1.4.2010.
Inserted by Act 8 of 2010 w .e.f. 1.4.2010.
Omitted by Act 8 of 2010 w .e.f.1.4.2010.
Substituted by Act 16 of 2011 w .e.f.1.4.2011.
Inserted by Act 16 of 2011 w .e.f.1.4.2011.
Substituted by Act 15 of 2012 w .e.f. 1.4.2012.
Substituted by Act 16 of 2015 w .e.f. 01.04.2015
Substituted by Act 07 of 2016 w .e.f. 01.04.2016
Inserted by Act 07 of 2016 w .e.f. 01.04.2016.
Substituted by Act 17 of 2017 w .e.f.01.04.2017
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:
(i) if the original was not chargeable with duty, or if the
duty with which it was
chargeable does not exceed five rupees. Five rupees.
(ii) in any other case Ten rupees
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
Substituted by Act 10 of 1990 w.e.f. 1.4.1990
1957: KAR. ACT 34] Stamp 559
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 ex- The same duty as payable on the
ceed 2
[five hundred rupees]2
original.
(b) in any other case
1
[
2
[five hundred rupees]2
]
1
EXEMPTION
Counterpart of any lease granted to a cultivator when
such lease is exempted from duty.
1.Substituted by Act 8 of 2003 w.e.f. 1.4.2003.
2.Substituted by Act 9 of 2009 w.e.f.1.4.2009.
2
[customs bond or excise bond]
2
(a) where the amount does not ex- The same duty as a Bond (No. 12)
ceed Rs. 1,000. for such amount
(b) in any other case 1[One hundred rupees]1
Declaration of any Trust, see Trust (No. 54).
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
Substituted by Act 15 of 2012 w.e.f. 1.4.2012
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
Omitted by Act 7 of 2000 w.e.f. 1.4.2000
Substituted by Act 7 of 2000 w.e.f. 1.4.2000
Inserted by Act, 19 of 2014 w.e.f. 1.03.2014.
Omitted by Act 19 of 2014 w.e.f 1.03.2014.
1957: KAR. ACT 34] Stamp 560
Divorce,-instrument of that is to say, any
instrument by which any person
effects the dissolution of his marriage. 1[One hundred
rupees]1
Dower,—Instrument of —See settle-ment (No. 48)
Duplicate,—See Counterpart (No. 22)
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
Exchange of property,—Instrum- The same duty as a conveyaent of Extract—See Copy (No. 21). nce (No. 20) for a market value equal
to the Market value of the property of
greatest value which is the
subject matter of exchange
Further charge,—Instrument of—
that is to say, any instrument imposing
a further charge on mortgaged property.
(a) when the original mortgage is The same duty as a conveyance
one of the description referred to in cla- (No. 20) for a market value equal to
use (a) of article No. 34 (that is, with the amount of the further charge secpossession). ured by such instrument.
(b) when such mortgage is one
of the description referred to in clause (b)
of article No. 34 (that is, without possession)
(i) if at the time of execution of The same duty as a conveyance (No.
the instrument of further charge posses- 20) for a market value equal in the
session of the property is given or agre- total amount of the charge (including
ed to be given under such instrument. the original mortgage and any further
charge already made) less the duty already paid on such original mortgage and further charge.
1[(ii) if possession is not given and
not being a hypothecation. 2[Fifty paise for every one hundred
rupees for the amount of the further charge secured by such
instrument,]2
(iii) for hypothecation Same duty as sub-clause (d) of Article
No. 34 for the amount of the further charge secured by such
instrument.]1
Substituted by Act 6 of 1999 w.e.f. 1.4.1999
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
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,
1957: KAR. ACT 34] Stamp 561
shall for the purposes of duty be determined as if no
such provision were contained in the instrument.
2
[(b) Where the donee is a member of
the family of the donor
5
[(i) If the property is situated within
the limits of Bangalore Metropolitan
Regional Development Authority or
Bruhat Bangalore Mahanagara Palike
or City Corporation … Rupees five
thousand;
(ii) If the property is situated within
the limits of City or Town Municipal
Council or Town Panchayat area
…Rupees three thousand;
(iii) If the property is situated within
the limits other than the limits specified
in items (i) and (ii) …… Rupees one
thousand;
Provided that, if the property is
situated in any of the combinations of
limits, mentioned in items (i), (ii) and
(iii) above the duty payable shall be
the maximum of the duties specified in
items (i), (ii) and (iii) above.]
5
Explanation: Family in relation to the donor
for this purpose means 4
[father, mother,]4
husband, wife, son, daughter, 3
[daughter-in-law,
brothers, sisters]3
and grand children]2
]
1
Substituted by Act 6 of 1999 w.e.f 1.4.1999
Substituted by Act 6 of 2001 w.e.f. 1.4.2001
Substituted by Act 7 of 2007 w.e.f. 1.4.2007.
Inserted by Act 9 of 2009 w.e.f.1.4.2009.
Substituted by Act 07 of 2016 w.e.f. 01.04.2016
Indemnity Bond The same duty as a Security Bond
(No. 47) for the same amount.
Inspectorships Deed-See Composition Deed (No. 19)
1
[(1) Lease of immoveable property
including an under-lease or sub-lease and any
agreement to let or sub-let where by such
lease, the rent is fixed, or fine or premium or
money advanced or security deposit (as the
case may be) is paid or delivered,-
7
[(i)where the lease purports to be for a term
not exceeding one year in case of residential
property
(ii)where the lease purports to be for a term
not exceeding one year in case of commercial
fifty paise for every one hundred rupees or
part thereof on the total amount or value of;
the average annual rent, premium, fine and
money advanced, subject to a maximum of
rupees five hundred
fifty paise for every one hundred rupees or
part thereof on the total amount or value of;
1957: KAR. ACT 34] Stamp 562
or industrial property
(iii)where the lease purports to be for a term
exceeding one year and not exceeding ten
years
(iv)where the lease purports to be for a term
exceeding ten years and not exceeding
twenty years
(v)where the lease purports to be for a term
exceeding twenty years and not exceeding
thirty years
(vi)where the lease purports to be for a term
exceeding thirty years or in perpetuity or does
not purport to be for any definite term
the average annual rent, premium, fine and
money advanced,
one rupee for every one hundred rupees or
part thereof on the total amount or value of;
the average annual rent, premium, fine and
money advanced,
two rupees for every one hundred rupees or
part thereof on the total amount or value of;
the average annual rent, premium, fine and
money advanced,
three rupees for every one hundred rupees
or part thereof on the total amount or value
of; the average annual rent, premium, fine
and money advanced,
the same duty as conveyance under article
20(1) on the total amount or value of,
average annual rent, fine, premium and
money advanced; or on the market value of
the property; whichever is higher.]7
Provided that in any case when an
agreement to lease is stamped with the ad
valorem stamp required for a lease and a
lease in pursuance of such agreement is
subsequently executed, the duty on such
lease shall not exceed rupees fifty:
Provided further that the duty in respect of an
instrument of lease executed in favour of the
wife, husband, father, mother, son, daughter,
brother or sister in relation to the person shall
be 8
[(i) If the property is situated within the
limits of Bangalore Metropolitan Regional
Development Authority or Bruhat Bangalore
Mahanagara Palike or City Corporation …
Rupees five thousand;
(ii) If the property is situated within the limits
of City or Town Municipal Council or Town
Panchayat area …Rupees three thousand;
(iii) If the property is situated within the limits
other than the limits specified in items (i) and
(ii) …… Rupees one thousand;
Provided that, if the property is
situated in any of the combinations of limits,
mentioned in items (i), (ii) and (iii) above the
duty payable shall be the maximum of the
duties described in items (i), (ii) and (iii)
above.]
8
Explanation.- The term “money advanced”
in this Article means and includes the
security deposit whether refundable or
adjustable towards the rent.]1
1957: KAR. ACT 34] Stamp 563
8[(2) lease of moveable property including an
under lease or sublease and any agreement to let or
sub let,—
(a) where by such lease the rent is fixed and no
premium is paid or delivered,—
(i) where the lease purports to One rupee for every hundred rupees
be for a term not exceeding ten years or part thereof on the ten years average annual rent reserved, subject to a maximum of rupees two lakhs.
(ii) where the lease purports to One rupee and fifty paise for every
be for a term exceeding ten years hundred rupees or part thereof on the
average annual rent reserved, subject
to a maximum of rupees two lakhs.
(b) where the lease is granted One rupee and fifty paise for every
for a fine or premium or for money adv- hundred or part thereof on the amount
anced and where no rent is 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
4.Inserted by Act 9 of 1997 w.e.f. 1.4.1997
5.Inserted by Act 5 of 1998 w.e.f. 1.4.1998
6.Substituted by Act 5 of 1998 w.e.f. 1.4.1998
Substituted by Act 8 of 2010 w.e.f. 1.4.2010
Substituted by Act 7 of 2016 w.e.f. 1.4.2016
1
[Description of Instrument Proper Stamp Duty
“(3) Notwithstanding anything contained
in clause (1) and (2) above, in respect of,-
(a) Mine Development and Production
Agreement (MDPA) and or Mining
Lease granted through auctions:-
(i) where the lease purports to be for a
term exceeding one year and not
exceeding ten years.
One rupee for every one hundred rupees
or part thereof on the total amount or value of;
the average annual royalty and average annual
payment based on the final price offer obtained in
the auction calculated on the estimated average
1957: KAR. ACT 34] Stamp 564
annual production as per the approved mining
plan.
(ii) where the lease purports to be for a
term exceeding ten years and not
exceeding twenty years
Two rupees for every one hundred
rupees or part thereof on the total amount or
value of; the average annual royalty and average
annual payment based on the final price offer
obtained in the auction calculated on the
estimated average annual production as per the
approved mining plan.
(iii) where the lease purports to be for a
term exceeding twenty years and
not exceeding thirty years
Three rupees for every one hundred
rupees or part thereof on the total amount or
value of; the average annual royalty and average
annual payment based on the final price offer
obtained in the auction calculated on the
estimated average annual production as per the
approved mining plan.
(iv) where the lease purports to be for a
term exceeding thirty years or in
perpetuity or does not purport to be
for any definite term.
Five rupees for every one hundred
rupees or part thereof on the total amount or
value of; four times the average annual royalty
and four times the average annual payment
based on the final price offer obtained in the
auction calculated on the estimated average
annual production as per the approved mining
plan
Provided that in any case when Mine
Development And Production Agreement
(MDPA) is duly stamped with the ad valorem
stamp required for MDPA as well as for a mining
lease and a mining lease in pursuance of such
Mine Development And Production Agreement is
subsequently executed, the duty on such mining
lease shall not exceed rupees fifty:
(b): Mine Development and
Production Agreement (MDPA) and or
Mining Lease granted other than by
auctions.
(i) where the lease purports to be for a
term exceeding one year and not
exceeding ten years.
One rupee for every one hundred rupees
or part thereof on the total amount or value of;
the average annual royalty and average annual
payment as share of value of mineral calculated
on the estimated average annual production as
per the approved mining plan, premium, money
advanced, security deposit and fine.
(ii) where the lease purports to be for a
term exceeding ten years and not
exceeding twenty years
Two rupees for every one hundred
rupees or part thereof on the total amount or
value of; the average annual royalty and average
annual payment as share of value of mineral
calculated on the estimated average annual
production as per the approved mining plan,
premium, money advanced, security deposit and
fine.
(iii) where the lease purports to be for a
term exceeding twenty years and
not exceeding thirty years
Three rupees for every one hundred
rupees or part thereof on the total amount or
value of; the average annual royalty and average
annual payment as share of value of mineral
calculated on the estimated average annual
production as per the approved mining plan,
premium, money advanced, security deposit and
fine.
1957: KAR. ACT 34] Stamp 565
(iv) where the lease purports to be for a
term exceeding thirty years or in
perpetuity or does not purport to be
for any definite term.
Five rupees for every one hundred
rupees or part thereof on the total amount or
value of; four times the average annual royalty
and four times the average annual payment as
share of value of mineral calculated on the
estimated average annual production as per the
approved mining plan, premium, money
advanced, security deposit and fine; or on the
value of Estimated Resources whichever is
higher;
Provided that in any case when Mine
Development And Production Agreement
(MDPA) is duly stamped with the ad valorem
stamp required for MDPA as well as for mining
lease and a mining lease in pursuance of such
Mine Development And Production Agreement is
subsequently executed, the duty on such mining
lease shall not exceed rupees fifty:
Explanation: (1) The term “money
advanced and security deposit” in this Article
means and includes the money advanced and
security deposit including performance guarantee
whether refundable or adjustable towards any
other payments.
(2) “Value of Estimated Resources” shall
have the same meaning as that in the Minerals
(Other than Atomic and Hydro Carbons Energy
Minerals) Concession Rules, 2016.]1
Inserted by Act 21 of 2016 w.e.f 22.06.2016.
Letter of allotment of shares,- in any company
or proposed company or in respect of any loan to be
raised by any
company or proposed company. 1[One rupee]1
See also certificate or other Document (No. 16)
Letter of GuaranteeSee Agreement (No. 5)
1.Substituted by Act 8 of 2003 w.e.f. 1.4.2003
letter of licence-that is to say, any agreement
between a debtor and his creditors that the latter shall
for a specified time, suspend their claims and allow the
debtor to carry on business
at his own discretion. 1[One hundred rupees]1
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
1
[32-A Licence of immovable or
moveable property.- That is to say licence
granted by owner or authority for rent or
fee or by whatever name it is called and
money advanced or security deposit2
[or
for carrying on manufacture, trade,
business or profession]
2
,-
(i)where the license purports to be for a
term not exceeding one year in case of
residential property
fifty paise for every one hundred rupees or part
thereof on the total amount or value of; the
average annual rent, premium, fine and money
advanced, subject to a maximum of rupees five
1957: KAR. ACT 34] Stamp 566
(ii)where the license purports to be for a
term not exceeding one year in case of
commercial or industrial property
(iii)where the license purports to be for a
term exceeding one year and not exceeding
ten years
(iv)where the license purports to be for a
term exceeding ten years and not
exceeding twenty years
(v)where the license purports to be for a
term exceeding twenty years and not
exceeding thirty years
hundred
fifty paise for every one hundred rupees or part
thereof on the total amount or value of; the
average annual rent, premium, fine and money
advanced, 2
[subject to a minimum of rupees
fifty]
2
one rupee for every one hundred rupees or
part thereof on the total amount or value of; the
average annual rent, premium, fine and money
advanced, 2
[subject to a minimum of rupees
one hundred]
2
two rupees for every one hundred rupees or
part thereof on the total amount or value of; the
average annual rent, premium, fine and money
advanced, 2
[subject to a minimum of rupees
two hundred]
2
three rupees for every one hundred rupees or
part thereof on the total amount or value of; the
average annual rent, premium, fine and money
advanced. 2
[subject to a minimum of rupees
three hundred]
2
]
1
Substituted by Act 8 of 2010 w.e.f. 1.4.2010
Inserted by Act 16 of 2015 w.e.f. 01.04.2015
1
[33 Memorandum of Association of a company,—
(a) if accompanied by Articles of 2[One thousand rupees]2
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
Substituted by Act 8 of 1995 w.e.f. 1.4.1995.
Substituted by Act 8 fo 2003 w.e.f. 1.4.2003.
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- The same duty as conveyaperty or any part of the property compri- nce (No. 20) for a market
sed in such deed is given by the mortg- value equal to the amount
agor or agreed to be given. secured by such deed.
(b) When possession is not given 3[Fifty paise for every
or agreed to be given as aforesaid 1[and hundred rupees or part thereof for the
not being a hypothecation]1 amount secured by such deed]3
EXPLANATION—A mortgagor who gives to the
mortgagee a power of attorney to collect rents or a
1957: KAR. ACT 34] Stamp 567
lease of the property mortgaged or part thereof is
deemed to give possession thereof within the meaning
of this article.
2[(c) When a collateral or auxiliary or additional or
substituted security, or by way of further assurance for
the above mentioned purpose, where the principal or
primary security is duly stamped.
(i) for every sum secured not 3[Ten rupees]3
exceeding Rs. 1,000.
(ii) for every Rs. 1,000 or part there- 3[Ten rupees plus one rupee for every
of, secured in excess of Rs.1000. rupees one thousand or part thereof
in excess of rupees one thousand.]3
4
[(d) for hypothecation of movable property,-
If the loan or debt is repayable on demand
rupees ten for every rupees ten thousands or part
thereof
(i) where the loan amount does not exceeds
rupees ten lakhs
(ii) where the loan amount exceeds rupees
ten lakhs
rupees twenty for every rupees ten thousands or
part thereof, subject to a maximum of rupees ten
lakhs”. ]
4
]2
Substituted by Act 8 of 1995 w.e.f. 1.4.1995.
Substituted by Act 6 of 1999 w.e.f. 1.4.1999.
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
Substituted by Act 16 of 2015 w.e.f. 01.04.2015
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,
(2) Letter of hypothecation accompanying a bill of
exchange.
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 exceeding
Rs. 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
1957: KAR. ACT 34] Stamp 568
for every sum secured not exceeding
Rs. 100 1[fifty paise]1
and for every Rs. 100 or part thereof
secured in excess of Rs. 100. 1[fifty paise]1
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
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
Omitted by Act 16 of 2011 w.e.f. 1.4.2011.
1
[37. Note or Memorandum or record of
transactions (Electronic or otherwise).-
Sent by a broker or agent to his principal
intimating the purchase or sale on account
of such principal or effected by a trading
member(agent) through stock exchange
or association or otherwise on behalf of
the client(principal) resident in the State of
Karnataka or otherwise
(a) Of any 2
[Goods or commodities or
currencies]
2
3
[Thirty paise for every ten thousand or
part thereof on the value of goods or
commodities or currencies.]
3
(b) Of any share, scrip, stock, bond,
debenture, debenture stock or other
marketable security of a like nature, not
being a government security
3
[Thirty paise for every ten thousand or
part thereof on the value of such
security at the time of its purchase or
sale, as the case may be. ]
3
(c) of a Government Security 3
[Thirty paise for every ten thousand or
part thereof on the value of such
security at the time of its purchase or
sale, as the case may be. ]
3
(d) Of securities other than those falling
under clause (b) above, in respect of
either delivery or non delivery based
(jobbing and trading) transactions
3
[Thirty paise for every ten thousand or
part thereof. ]
3
(e) Of futures and options trading, of
securities other than those falling under
clause (b) above,:
3
[Thirty paise for every ten thousand or
part thereof.; and]
3
(f) Of forward contracts of commodities:
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
3
[Thirty paise for every ten thousand or
part thereof.]3
1957: KAR. ACT 34] Stamp 569
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.
Substituted by Act 8 of 2010 w.e.f.1.4.2010.
Substituted by Act 15 of 2012 w.e.f. 1.4.2012.
Substituted by Act 17 of 2017 w.e.f. 01.04.2017
Note of Protest,- by the Master
of a ship 1
[fifty rupees]
1
See also Protest by the Master of a
ship (No. 43)
Substituted by Act 16 of 2015 w.e.f. 01.04.2015
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-agric-ultural purpose or is meant for
non-agricultural use.
(1) if the property is situated in the Rupees one thousand for each
jurisdiction of Municipal Corporation or share
Urban Development Authorities or
Municipal Councils or Town Panchayats.
(2) If the property is situated in the Rupees five hundred for each
areas other than those mentioned in sub- share
clause (1) above .
(b) where the property involved in Rupees two hundred fifty for each
the partition is agricultural land share
(c) where the property involved in Rupees two hundred and fifty for
the partition is moveable or money each share
(d) where the property involved in Maximum of the duties described
the partition belongs to any of the in sub-clause (a), (b) or (c) above
combinations of categories ment- for each share.]1
ioned in sub-clause (a), (b) and
(c) above.
Provided always that;
(a) when an instrument of partition containing an
agreement to divide property in severalty is
executed and a partition is effected in pursuance of
1957: KAR. ACT 34] Stamp 570
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
Substituted by Act 6 of 1999 w.e.f. 1.4.1999
Omitted by Act 6 of 1999 w.e.f. 1.4.1999.
1[40 Partnership:—
(a) Where the capital of the 3
[five hundred rupees]3
partnership does not exceed
3
[rupees fifty thousand]
3
(b) In any other case 3
[
2
[two thousand rupees]2
]
3
B. Reconstitution:—
(a) Where immovable property 4
[Three per cent]4
contributed as share by a partner on the market value of the immor partners remains with the firm ovable property remaining with the
at the time of outgoing in whatever firm.
manner by such partner or partners on reconstitution of
such partnership firm.
(b) In any other case 3
[one thousand rupees]3
C. Dissolution of:—
(a) Where the property which 4
[Three per cent on]4
belonged to one partner or partners for a market value equal to the market
when the partnership commenced value of the property distributed or
is distributed or alloted or given to alloted or given to partner under the
another partner or partners. instrument of dissolution, in addition to
the duty which would have been chargeable on such dissolution
if such
property had not been distributed or alloted
or given.
(b) In any other case 3
[one thousand rupees.]1
]
3
Substituted by Act 8 of 1995 w.e.f. 1.4.1995
Substituted by Act 8 of 2003 w.e.f. 1.4.2003
Substituted by Act 15 of 2012 w.e.f. 1.4.2012
4.. Substituted by Act 7 of 2016 w.e.f. 1.4.2016.
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,

4
[ A. Instrument of Constitution Rupees Two Thousand.]4
1957: KAR. ACT 34] Stamp 571
(a) where the capital does not exceed rupees ten
lakhs
Rupees one thousand
(b) where the capital exceeds rupees ten lakhs; for
every rupees five lakh of part thereof
exceeding rupees ten lakhs
2
[Rupees one thousand plus
rupees five hundred for every
rupees five lakhs or part
thereof, exceeding rupee ten
lakhs capital amount, subject to
a maximum of rupees ten
lakhs]2
B. Reconstruction or amalgamation of Limited
Liability Partnership
2
[Three percent]2 on the
consideration or market value
of the property whichever is
higher of the transferor limited
liability partnership located
within the State of Karnataka” ]
1

Inserted by Act 16 of 2015 w.e.f. 01.04.2015
Substituted by Act 07 of 2016 w.e.f. 01.04.2016
Powers of attorney,—(as defined by section
2(1)(P) not being a proxy,—
(a) when executed for the sole purpose of
procuring the registration of one or more documents in
relation to a single transaction or for admitting execution of one or more such documents 1
[One hundred rupees]1
(b) when authorising one person or more to act in
a single transaction other than the case mentioned in
Clause (a)
1
[One hundred rupees]1
(c) when authorising not more than five persons
to act jointly and severally in
more than one transaction or generally 2
[One hundred rupees]2
(d) when authorising more than five but not more
than ten persons to act Jointly and severally in more
than one
transaction or generally; 2
[Two hundred rupees]2
3
[(e) when given for consideration or
when coupled with interest and
authorizing the attorney to sell any
immovable property;
The same duty as a Conveyance [under
Article 20(1)] on consideration or on
market value of 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
“one
1957: KAR. ACT 34] Stamp 572
13[
11[ (ea) If relating to construction or
development of immovable property, including a
multi unit or multi storied house or building or
apartment or flat, or portion of it, executed by
and between owner or lessee, as the case may
be, and developer, having a stipulation, whether
express or implied, that, in consideration of the
owner or lessee conveying or transferring or
disposing off, in any way, the undivided share or
portion of land or immovable property; the
developer agrees to convey or transfer or
dispose off, in any way, the proportionate or
agreed share or portion of the constructed or
developed building or immovable property to the
owner or lessee, as the case may be.
Explanation:
The tern “Developer” includes promoter or
builder or by whatever name called.
Two Rupees for every one hundred rupees or
part thereof, on the Market Value of such
undivided share or portion of land or
immovable property, consideration and
money advanced, if any; or
On the Market Value of such share or portion
of the constructed or developed building or
immovable property, consideration and
money advanced, if any; whichever is higher.
Provided that, if the proper stamp duty is paid
under clause (f) of the Article 5 on an
agreement for sale, executed by and
between the same parties and in respect of
the same property, then the stamp duty
payable on the corresponding power of
attorney under clause (ea) of article 41, shall
not exceed rupees two hundred.”
Explanation: The term “money advanced” in
this Article, means and includes the security
deposit whether refundable or adjustable.]
12]
13
5
[(eb) When given to a person other 6[the same duty as a conveyance under
than the father, mother, wife or husb- Article 20(1)]6 on the market value of the
and, sons, daughters, brothers, sisters property which is the subject matter
in relation to the executant authorising of the power of attorney
such person to sell immoveable
property situated in Karnataka State
13[
4
[Provided that the duty paid on agreement for
sale under Article 5(e) or instrument of sale or
transfer as the case may be is adjustable towards
the duty payable on such power of attorney under
Article 41 (eb), executed between the same parties
and in respect of the same property]
4
]
5
]
13
14[(ec) When given to person other
than the father, mother, wife
or husband, sons,
daughters, brothers, sisters
in relation to the executant
authorising such person to
sell Transferable
Development Rights relating
The same duty as a
conveyance under Article 20(7)
on the market value of the
property which is the subjectmatter of Power of Attorney:]14
1957: KAR. ACT 34] Stamp 573
to immovable property
situated in Karnataka State.
9
[(f) When executed by a principal or
client for the sole purpose of
authorizing the agent or broker to
carry out all lawful acts and deeds
relating to his / her trading operations
including sale / purchase of
marketable securities, transfer of
securities towards -stock exchange,
receiving / releasing funds and
securities from / to other parties on
behalf of the principal or client.
rupees fifty
(g) When executed by a principal or
client for the sole purpose of
authorizing the depository participant
to carry out all lawful acts and deeds
relating to his/her demat account as
per the bye-laws of the depositories /
regulations governing such
operations.
Rupees fifty]9
10[(h)]10 in any other case 7
[two hundred rupees]7
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’
Substituted by Act 7 of 2000 w.e.f. 1.4.2000.
Substituted by Act 10 of 1990 w.e.f. 1.4.1990.
Substituted by Act 9 of 2009 w.e.f.1.4.2009.
Substituted by Act 16 of 2011 w.e.f. 1.4.2011.
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.
Deemed to have been substituted by Act 20 of 2009 w.e.f. 4.6.2009.
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.
Omitted by Act 16 of 2011 w.e.f.1.4.2011.
Inserted by Act 16 of 2011 w.e.f.1.4.2011.
Renumbered by Act 16 of 2011 w.e.r.1.4.2011.
Inserted by Act 15 of 2012 w.e.f. 1.4.2012.
Inserted by Act 29 of 2013 w.e.f. 1.4.2013.
Substituted by Act 19 of 2014 w.e.f. 1.03.2014
Inserted by Act 07 of 2016 w.e.f. 1.4.2016.
protest of bill or note,—that is to say, any
declaration in writing made by a Notary Public or other
person lawfully acting as such, attesting the dishonour
of
a bill of exchange or promissory note. 1[Ten rupees]1
1957: KAR. ACT 34] Stamp 574
Substituted by Act 10 of 1990 w.e.f. 1.4.1990.
Protest by the master of a ship,— that is to
say, any declaration of the particulars of her voyage
drawn up by him with a view to the adjustment of losses
or the calculation of averages and every declaration in
writing made by him against the charterers or the
consignees for not loading or unloading the ship when
such declaration is attested or certified by a Notary
Public or other person lawfully
acting as such. 1
[Fifty rupees]
1
See also Note of Protest by the Master of a ship
(No. 38)
Substituted by Act 16 of 2015 w.e.f. 01.04.2015.
Reconveyance of mortgaged property,—
(a) the consideration for which The same duty as a conveyance (No.
the property was mortgaged does not 20) for a market value equal to the
exceed Rs. l,000. amount of such consideration as set
forth in the re-conveyance.
1[(b) in any other case One-hundred rupees]1
Substituted by Act 9 of 1987 w.e.f. 1.4.1987.
Release, that is to say, any ins-trument (not
being such a release as is provided for by section 24,)
whereby a person renounces a claim upon another
person or against any specified property:
6
[(a) where the release is not between the
family members
The same duty as a Conveyance [under
Article No.20(1)] on the market value of the
property or on the amount or value of claim or
part of claim renounced, as the case may be
(which is the subject matter of release) or
consideration for such release, whichever is
higher.]6

4
[(b) Where the release is
between the family
members
7
[(i) If the property is situated within the
limits of Bangalore Metropolitan Regional
Development Authority or Bruhat Bangalore
Mahanagara Palike or City Corporation
……Rupees five thousand;
(ii) If the property is situated within the
limits of City or Town Municipal Council or
Town Panchayat area …………. Rupees three
thousand;
(iii) If the property is situated within the
limits other than the limits specified in items (i)
and (ii) …………………. Rupees one
thousand;
Provided that, if the property is situated in
any of the combinations of limits, mentioned
in items (i), (ii) and (iii) above the duty payable
shall be the maximum of the duties specified
in items (i), (ii) and (iii) above.]
7
1957: KAR. ACT 34] Stamp 575
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 Same duty as bond (No. 12) subject
or lien a maximum of rupees one hundred]5

Substituted by Act 10 of 1990 w.e.f. 1.4.1990.
Substituted by Act 6 of 1990 w.e.f. 1.4.1999.
Substituted by Act 7 of 2007 w.e.f. 1.4.2007.
Substituted by Act 6 of 2001 w.e.f. 1.4.2001.
Inserted by Act 8 of 1995 w.e.f. 1.4.1995.
Substituted by Act 9 of 2009 w.e.f. 1.4.2009.
Substituted by Act 7 of 2016 w.e.f. 1.4.2016.
Respondentia bond,- that is to say any
instrument securing loan on the cargo laden or to be
laden on board
a ship and making repayment contingent The same duty as a Bond (No.12)
on the arrival of the cargo at the port for the amount of the loan secured.
of destination.
Revocation of any Trust or settlement
See settlement (No. 48) Trust (No. 54)
Security bond or mortgage-deed,- executed
by way of security for the due execution of an office, or
to account for money or other property received by
virtue thereof, or execution by a surety to secure the
due performance of a contract.
1
[ (a) when the amount secured does not
exceed rupees one thousand
Fifty paise for every rupees one
hundred or part thereof
(b) in any other case Rupees two hundred”.]
1
Substituted by Act 16 of 2015 w.e.f. 01.04.2015.
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,
1957: KAR. ACT 34] Stamp 576
(c) by persons taking advances under the Karnataka
Land Improvement Loan Act, 1963 (Karnataka Act 16 of
1963), the Karnataka Agriculturists Loans Act, 1963
(Karnataka Act 17 of 1963) or by their sureties as
security for the repayment of such advances.
(d) by officers of Government or their sureties to
secure the due execution of an office or the due
accounting for money or other property received by
virtue thereof.
Substituted by Act 10 of 1990 w.e.f. 1.4.1990.
Settlement,-
1
[A. Instrument of (including a deed of dower)
(i) Where the disposition is not The same duty as a conveyance
for the purpose of distributing the (Article No. 20), for a market value
property of the settlor among his equal to the market value of the
family property, which is the subject matter
of settlement:
Provided that, where an agreement to settle is
stamped with the stamp duty required for an
instrument of settlement and an instrument of
settlement in pursuance of such agreement is
subsequently executed, the duty on such instrument
shall not exceed fifty rupees.
2
[(ii) Where the disposition is for
the purpose of distributing
the property of the settler
among the members of his
family:-
6
[(i) If the property is situated within the
limits of Bangalore Metropolitan Regional
Development Authority or Bruhat Bangalore
Mahanagara Palike or City Corporation
……Rupees five thousand;
(ii) If the property is situated within the
limits of City or Town Municipal Council or
Town Panchayat area …………. Rupees three
thousand;
(iii) If the property is situated within the
limits other than the limits specified in items (i)
and (ii) …………………. Rupees one
thousand;
Provided that, if the property is situated in
any of the combinations of limits, mentioned
in items (i), (ii) and (iii) above the duty payable
shall be the maximum of the duties specified
in items (i), (ii) and (iii) above.]
6

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
1957: KAR. ACT 34] Stamp 577
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
Instrument of revocation, but not exceeding two hundred rupees]4

Substituted by Act 6 of 1999 w.e.f. 1.4.1999
Substituted by Act 6 of 2001 w.e.f. 1.4.2001.
Substituted by Act 7 of 2007 w.e.f. 1.4.2007.
Substituted by Act 9 of 1987 w.e.f. 1.4.1987.
Inserted by Act 9 of 2009 w.e.f.1.4.2009.
Substituted by Act 07 of 2016 w.e.f. 1.4.2016.
Share warrants—To bearer iss- One and a half times the duty payable
ued under the Companies Act, 1956 on a conveyance (No. 20) for a market
(Central Act I of 1956) value equal to the nominal amount of
the shares specified in the warrant.
EXEMPTIONS
Share warrant when issued by a company in
pursuance of section 114 of the Companies Act, 1956,
to have effect only upon payment as composition for
that duty to the Deputy Commissioner of Stamprevenue, 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 subse-quently issues an addition to
its subscribed capital one and a half per-centum of the
additional capital so issued.
Shipping order,- for or relating to the
conveyance of goods on board of
any vessel. 1[Two rupees]1
Substituted by Act 8 of 2003 w.e.f. 1.4.2003.
Surrender of lease
(a) when the duty with which the
lease is chargeable does not exceed The duty with which such lease is
ed twenty-two rupees and fifty paise chargeable.
(b) In any other case 1[One hundred rupees.]1
EXEMPTION
Surrender of lease, when such lease is exempted
from duty.
Substituted by Act 10 of 1990 w.e.f. 1.4.1990.
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, mortgagedeed or policy of insurance,—
(i) if the duty on such bond, The duty with which such bond,
mortgage-deed or policy does not exce- mortgage deed; or policy of insurance
ed twenty-two rupees and fifty paise is chargeable.
1957: KAR. ACT 34] Stamp 578
(ii) in any other case 2[One hundred rupees]2
(c) of any property under section 25
of the Administrator Generals Act, 1963 2[One hundred rupees]2
3
[(d) of any trust property from one trust to
another trust or from Trust to trustee or
beneficiary, or from trustee to trust or
trustee or beneficiary, as the case may be.
The same duty as a conveyance
[under Article 20 (1)] on the market
value of the property (which is the
subject matter of such transfer) or
consideration for such transfer,
whichever is higher.
Provided that for the public
religious and charitable trusts, the
duty for such transfer shall be rupees
one thousand.]3
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)
Substituted by Act 6 of 1990 w.e.f. 1.4.1990.
Substituted by Act 10 of 1990 w.e.f.1.4.1990.
Substituted by Act 16 of 2011 w.e.f.1.4.2011.
1
[53 Transfer of lease.- by way of
assignment and not by way of
under lease.
(a) Where the remaining period of
lease does not exceed 30 years
The same duty as conveyance
[No.20(1)] for a market value equal to
the amount of consideration.
(b) Where the remaining period of
lease exceeds 30 years.
The same duty as conveyance
[No.20(1)] on the market value of the
property which is the subject matter of
transfer.]1
Substituted by Act 7 of 2006 w.e.f. 1.4.2006.
1[53A.Transfer of Licence Same duty as conveyance (No. 20)]1
Inserted by Act 8 of 1995 w.e.f. 1.4.1995.
1
[54 Trust,-
Declaration of or concerning, any property
when made by any writing not being a Will.-
(i) When the Trust is made exclusively for
public religious and charitable purposes.
Rupees One Thousand
1957: KAR. ACT 34] Stamp 579
(ii) When the Trust is made for the
management & custody of properties, for the
purpose of distributing the benefits/profits of
the property to the beneficiaries and where
there is no transfer/ disposition of property,
in any way.
(iii)When the trust made involves the
transfer/ disposition of property in any way;
Rupees One Thousand
The same duty as
conveyance [under Article
No. 20(1)] on the amount
and the market value of the
property, which is the
subject matter of such
transfer / disposition.] 1
Substituted by Act 16 of 2011 w.e.f. 1.4.2011.
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
Omitted by Act 9 of 1987 w.e.f. 1.4.1987.
Substituted by Act 8 of 2003 w.e.f. 1.4.2003.
Substituted by Act 16 of 2015 w.e.f. 01.04.2015.
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,
1957: KAR. ACT 34] Stamp 580
(K. C. PUTTANARASIAH)
Under Secretary.
III
Bangalore, dated 30th November, 1971.[ No. RD 116 FST 71]
S.O. 2000.—In exercise of the powers conferred by sub-section (2) of section 1 of the Mysore
Stamp (Amendment) Act, 1971 (President’s Act No. 17 of 1971), the Government of Mysore
hereby appoints the first day of December 1971 as the date on which the said Act shall come into
force.
By Order and in the name of the President of India,
(K. BALASUBRAMANYAM)
Commissioner for Land Reforms and Ex-Officio Secretary to
Government, Revenue Department.
IV
Bangalore, dated 11th April, 1991.[No. RD 90 ESR 91]
In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the
Karnataka Stamp (Amendment) Act, 1975 (Karnataka Act 12 of 1975), the Government of
Karnataka hereby specify that section 5 of the said Act shall come into force on the 1st April 1991
in other areas of the State except the areas to which the said section has already brought into
force.
By Order in the name of the Governor of Karnataka,
(PRADEEP S. RAJANAL)
Under Secretary to Government, Revenue Department.
V
Bangalore, dated 24th February, 2009.[No. RD 108 MUNOMU 2008]
In exercise of the powers conferred by sub section (2) of section 1 of the Karnataka Stamp
(Second Amendment) Act, 2007 (Karnataka Act No. 1 of 2008) the Government of Karnataka
hereby appoints the 1st day of April 2003 as the date on which the said Act shall be deemed to
have come into force
By Order in the name of the Governor of Karnataka,
(T.K. RAMACHANDRA)
Under Secretary to Government, Revenue Department
(Stamps and Registration).

1957: KAR. ACT 34] Stamp 581
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 :-

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.
KARNATAKA ACT NO 19 OF 2014
(First Published in the Karnataka Gazette Extra-ordinary on the Twenty–eighth day of February,
2014)
THE KARNATAKA STAMP (AMENDMENT) ACT, 2014
(Received the assent of the Governor on the Twenty–eighth day of February, 2014)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957), for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the sixty-fifth year of the Republic of
India as follows:-
Short title and commencement.– (1) This Act may be called the Karnataka Stamp
(Amendment) Act, 2014.
(2) It shall come into force with effect from the first day of March 2014.
In schedule Article 9(1)(a), 5(i)(e)&(f), 11, 24, 41 incorporated in the Principal Act.
KARNATAKA ACT NO 3 OF 2015
(First Published in the Karnataka Gazette Extra-ordinary on the Eighth day of January, 2015)
THE KARNATAKA STAMP (SECOND AMENDMENT) ACT, 2014
(Received the assent of the Governor on the seventh day of January, 2015)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957) for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the sixty-fifth year of the Republic of
India as follows:-
Short title and commencement.– (1) This Act may be called the Karnataka Stamp
(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.
1957: KAR. ACT 34] Stamp 582
By Order and in the name of the Governor of
Karnataka,
S.B. GUNJIGAVI
Secretary to Government
Department of Parliamentary Affairs
KARNATAKA ACT NO. 16 OF 2015
(First Published in the Karnataka Gazette Extra-ordinary on the thirty first day of March, 2015)
THE KARNATAKA STAMP (AMENDMENT) ACT, 2015
(Received the assent of the Governor on the thirty first day of March, 2015)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957), for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the sixty-sixth year of the Republic of
India as follows:-
Short title and commencement.– (1) This Act may be called the Karnataka Stamp
(Amendment) Act, 2015.
(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
XXX
KARNATAKA ACT NO 7 OF 2016
(First Published in the Karnataka Gazette Extra-ordinary on the Thirty First day of March,
2016)
THE KARNATAKA STAMP (SECOND AMENDMENT) ACT, 2016
(Received the assent of the Governor on the Thirty First day of March, 2016)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957) for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the Sixty-seventh Year of Republic of
India as follows:-
Short title and Commencement.- (1) This Act may be called the Karnataka Stamp
(Second Amendment) Act, 2016.
(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.
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.
xxx
1957: KAR. ACT 34] Stamp 583
KARNATAKA ACT NO 9 OF 2016
(First Published in the Karnataka Gazette Extra-ordinary on the First day of April, 2016)
THE KARNATAKA STAMP (AMENDMENT) ACT, 2016
(Received the assent of the Governor on the Thirty First day of March, 2016)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957), for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the sixty-seventh year of the Republic
of India as follows:-
Short title and commencement.– (1) This Act may be called the Karnataka Stamp (
Amendment) Act, 2016.
(2) It shall come into force at once.
Section 9 is incorporated in the Principal Act.
Xxx
KARNATAKA ACT NO 10 OF 2016
(First Published in the Karnataka Gazette Extra-ordinary on the First day of April, 2016)
THE KARNATAKA STAMP (THIRD AMENDMENT) ACT, 2016
(Received the assent of the Governor on the Thirty First day of March, 2016)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957), for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the sixty-seventh year of the Republic
of India as follows:-
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..
Section 9 is incorporated in the Principal Act.
KARNATAKA ACT NO 21 OF 2016
(First Published in the Karnataka Gazette Extra-ordinary on the Tw enty Seventh day of July, 2016)
THE KARNATAKA STAMP (FOURTH AMENDMENT) ACT, 2016
(Receiv ed the assent of the Gov ernor on the Twenty Sixth day of July , 2016)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957) for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the Sixty-seventh Year of Republic of
India as follows:-
Short title and commencement.– (1) This Act may be called the Karnataka Stamp (
Fourth Amendment) Act, 2016.
(2) It shall be deemed to have come into force with effect from the 22nd day of June, 2016.
article 30 of the schedule is incorporated in the Principal Act.
Repeal and savings.- (1) The Karnataka Stamp (Amendment) ordinance, 2016
(Karnataka ordinance 2 of 2016) is hereby repealed.
1957: KAR. ACT 34] Stamp 584
(2) Notwithstanding such repeal anything done or any action taken under the Principal
Act as amended by the said Ordinance shall be deemed to have been done or taken under the
principal Act as amended by this Act.
KARNATAKA ACT NO. 17 OF 2017
(First Published in the Karnataka Gazette Extra-ordinary on the 31st day of March, 2017)
THE KARNATAKA STAMP (AMENDMENT) ACT, 2017
(Received the assent of Governor on the 31st day of March, 2017)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957) for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the Sixty-eighth Year of Republic of
India as follows:-
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.
KARNATAKA ACT NO. 32 OF 2017
(First Published in the Karnataka Gazette Extra-ordinary on the 3rd day of July, 2017)
THE KARNATAKA STAMP (SECOND AMENDMENT) ACT, 2017
(Received the assent of Governor on the 29th day of June, 2017)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957), for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the sixty-eighth year of the Republic
of India as follows:-
Short title and commencement.– (1) This Act may be called the Karnataka Stamp
(Second Amendment) Act, 2017.
(2) It shall come into force at once.
Section 9 is incorporated in the Principal Act.
KARNATAKA ACT NO. 45 OF 2020
(First Published in the Karnataka Gazette Extra-ordinary on the 19th Day of October, 2020)
The Karnataka Stamp (Amendment) Act, 2020
(Received the assent of the Governor on the 19th day of October 2020)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957), for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the Seventy first year of the Republic
of India as follows:-
Short title and commencement.– (1) This Act may be called the Karnataka Stamp
(Amendment) Act, 2020.
(2) It shall come into force at once.
Section 9 is incorporated in the principal Act.
1957: KAR. ACT 34] Stamp 585
KARNATAKA ACT NO. 55 OF 2020
(First Published in the Karnataka Gazette Extra-ordinary on the 30th day of December, 2020)
The Karnataka Stamp (Second Amendment) Act, 2020
(Received the assent of the Governor on the 30th day of December, 2020)
An Act further to amend the Karnataka Stamp Act, 1957.
Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act
34 of 1957), for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the Seventy first year of the Republic
of India as follows:-
Short title and commencement.– (1) This Act may be called the Karnataka Stamp
(Second Amendment) Act, 2020.
(2) It shall be deemed to have been come into force with effect from 19th November,
2020.
Section 9 and Schedule are incorporated in the principal Act.
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)
Secretary to Government
Department of Parliamentary Affairs
and Legislation

The Karnataka Stamp Act, 1957

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