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Karnataka announces stamp duty cut for affordable housing

 Stamp duty is a significant wellspring of income for state governments. It is an assessment the state government demands on buys, in light of the market estimation of a property. The duty sum is income for the authorities and the returns go towards formative work. At the point when you purchase a property, you should enroll the possession archives in government records as commanded by the Registration Act, 1908. You are additionally at risk to pay a specific level of the property cost towards such registration. These mandatory charges amount to the general cost of possessing a home in any city. The equivalent is valid for Bangalore. While trying to surrender a leg to the property market, the Karnataka government, in May 2020, cut stamp the stamp duty Bangalore charges from 5% to 3%, for properties in the scope of Rs 21 lakhs to 35 lakhs. In 2019, stamp duty was supported from 5% to 2%, for properties up to Rs 20 lakhs. To address the worries of the individuals who are searching for p