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

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

The Union Government advanced a plan to create an integrated, domestically anchored container ecosystem with the signing of a Memorandum of Understanding to establish the Bharat Container Shipping Line (BCSL). The MoU was signed by key agencies including the Shipping Corporation of India and Container Corporation of India alongside major port authorities and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways, in the presence of senior ministers. The initiative aligns with the Container Manufacturing Assistance Scheme announced in the Union Budget 2026–2..

Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..