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Real Estate Forum on Mysore Stamp Duty

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Q: Hi. I am new to Mysore, and was looking to buy a plot. Someone mentioned an exchange deed. Does anyone here know what it is?


Latest Answer: There is a general format which the Karnataka State Government has devised to inform the public of the stamp duty and registration fee involved in a exchange deed. 8% stamp duty towards the government on the market value of the property + 5% additional duty + 2% additional stamp duty if the property lies within the limits of the Municipal Corporation+1% registration fee.
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Q: Hi. Does anyone here know how to obtain attested copies of registration documents for Mysore property? I am looking to sell my ancestral property.


Latest Answer: You just need to be careful when doing these things. Get the stamp paper from licensed vendors. And the market value will be published for the locality in Mysore your property is in. Accordingly you will have to pay the stamp duty.
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