TAXATIONState · Karnataka

Section 140 of THE KARNATAKA MUNICIPAL CORPORATIONS ACT, 1976.

↩1.Substituted by Act 8 of 2003 w.e.f. 1.4.2003.

transfer of immovable property shall be levied in the form of a surcharge at the rate of two percent of the duty imposed by the Karnataka Stamp Act, 1957, on instruments of sale, gift, mortgage, exchange or lease in perpetuity of all immovable property situated within the limits of a larger urban area.]

AI notes for this section are being prepared — this page will update on its own once they’re ready.

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