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August 2011

Anomalies in stamp duty valuation

4 August 2011 - 10:58am — murali772
Project number:4449
Opened by:murali772
Opened on:Thursday, 4 August 2011 - 10:58am
Last modified:Saturday, 6 August 2011 - 9:32am
Operations:add Case | view all project cases
Highlight lack of fair and just methodology for determining the stamp duty leviable on property transactions
Initiator: 
Praja RAAG

Whenever a property transaction takes place, there exists a fair and just methodology for determining the stamp duty leviable, taking care of buyer's, seller's, developer's, as well as government's revenue interests, in the form of the 'guideline market value', published by the government, in accordance with the Karnataka Stamp Act, 1957.

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