Karnataka slashes stamp duty on properties in Rs 35-45 lakh range

22 Sep 2021 CW Team

On Monday, the State Legislature had passed an amendment in the Stamp Act 1957, slashing the stamp duty to 3% on properties priced between Rs 35 lakh to Rs 45 lakh.

A 2% reduction in stamp duty is applicable only on one-time property registration or on primary sales.

R Ashoka, Revenue Minister, told the media that many properties in Bengaluru and other cities are still unsold due to the Covid-19 pandemic crisis. The reduction in stamp duty will benefit both the real estate sector and low-income families.

In December 2020, the government had amended the Act to levy a reduced stamp duty with a 3% stamp duty on properties priced between Rs 20 lakh to Rs 35 lakh. In the Budget 2020, B S Yediyurappa slashed the stamp duty on new property purchases priced below Rs 20 lakh to 2%.

M B Patil, a senior Congress member, urged the government to provide relief to the people of Maharashtra, which cut the stamp duty despite the price tag.

The centre and the Revenue Minister said they are considering the lowering of the guidance value and held discussions with other officials.

Other Congress members, including D K Shivakumar and Ramesh Kumar, and JD member S R Mahesh urged the government to extend relief to the people by allowing house constructions within this budget on their plots.

Image Source

Also read: Stamp duty in Gujarat surges 148% in Q1 FY22

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..