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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..