Karnataka Stamp Act Schedule 2024. As per the bill the stamp duty on divorce papers, will be up from rs 100 to rs 500, while for agricultural properties' partitioning, it will have a stamp duty of rs 1,000 per share, up from rs 250. The amendment act raises stamp duty for various instruments including powers of attorney, articles of association and memorandum of association of companies, affidavits, certified copies, etc.
In this regard, the following table contains the new rates of stamp duty applicable to instruments usually taken by the bank. The department of parliamentary affairs and legislation, government of karnataka, has on february 03, 2024, notified the karnataka stamp (amendment) act, 2023 (โ amendment act โ) which has amended the stamp duty applicable on instruments executed within the state of karnataka.