State Act
140
Section 140. Duty on transfer of immovable properties.
THE KARNATAKA MUNICIPAL CORPORATIONS ACT, 1976.
Act no. 14 of 19771977In forceKarnataka (State Act)
1[140. Duty on transfer of immovable properties.- The duty on 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.]1