Tag: Karnataka

Regulatory

Karnataka: 1% stamp duty hike likely to overcome property revenue shortfall in Q1 FY26

BENGALURU: Revenue shortfall from property registration in the first quarter of this fiscal has prompted the Karnataka govt to actively consider increasing stamp duty by 1%. The stamp duty was last revised in 2013. At present, the govt levies 5% stamp duty on the guidance value (minimum selling price of property fixed by the govt), 1% registration fee, 0.5% cess, and 0.1% surcharge. In all, property buyers pay 6.6% in cess and duty. They might end up 7.6% if the govt clears the hike proposal. Chief minister Siddaramaiah, who holds the finance portfolio, convened a meeting on June 18 to…

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Karnataka HC strikes down amendment laws on civic body’s retrospective levies

BENGALURU: In a major setback for the state govt and more particularly BBMP, the high court has struck down the Karnataka Municipal Corporations and Certain Other Law (Amendment) Acts of 2021 and 2023. These acts aimed to validate previous collections of various fees from Bengaluru residents and builders. The 2021 Amendment Act was enacted to override the high court’s earlier decision in the Sundaram Shetty case rendered in 2021, which declared the practice of linking levies to guidance value as illegal. While litigation against the legislation was under way, the govt promulgated a second amendment in Aug 2023, introducing further…

Regulatory

Karnataka: Over 800 property documents registered on June 1

BENGALURU: The govt’s new weekend property registration initiative kicked off on a promising note with over 800 documents registered across the state on June 1— the first Sunday after the reform was introduced. The initiative, aimed at easing weekday congestion at sub-registrar offices, brought in more than Rs 3 crore in revenue through stamp duty and registration fees on that one day alone. Officials from the department of stamps and registration described the initial response as “decent” and “encouraging”. Some said they are optimistic that participation will increase in coming weeks. “Besides easing weekday rush, the move is aimed at…

Industry

Karnataka pollution control board tightens rules for high-rise projects

Representative Image BENGALURU: The Karnataka State Pollution Control Board (KSPCB) has issued a strict directive mandating that before granting plan approval (CC) and occupancy certificate (OC) for multi-storey residential complexes, prior approval and consent from the board must be confirmed. If these clearances are not obtained and the Bruhat Bengaluru Mahanagara Palike (BBMP) still issues CC and OC, the responsibility will rest entirely with the BBMP. Responding to a letter from BBMP seeking clarification, KSPCB’s Member Secretary on May 30 outlined the rules requiring prior consent for establishment (CFE) and consent for operation (CFO) from the board before any such…

Industry

Karnataka: Rules to tax unauthorised properties in rural areas soon

BENGALURU: Rural development and panchayat raj minister Priyank Kharge Thursday said guidelines to bring all unauthorised properties in rural areas under the purview of local bodies like gram panchayats for the purpose of collecting property tax will be ready by mid-July. The move is part of measures to implement The Karnataka Gram Swaraj and Panchayat Raj (Amendment) Bill, 2025, which was passed in March. “We are drawing up guidelines to bring illegal layouts in rural areas into the tax net,” said Priyank. “By rolling out the initiative, we can bring around 95 lakh properties under the purview of property tax.”…