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13GLOSSARY

Stamp Duty

A state tax paid on registering a property document.

Stamp duty is a tax levied by the state on the registration of property instruments such as the Sale Deed. In Karnataka the rate is set as a percentage of the higher of the transaction value or the guidance value. It is a significant one-time cost that buyers should budget for in addition to the price.

Related terms

Registration Charges
A fee paid to register a property transaction.
Guidance Value
The government-notified minimum value of a property by area.
Sale Deed
The registered document that transfers ownership.