Amendment status not verified — confirm the current text below against the official source.
Duty on transfers of immovable properties.—1[(1) The duty on transfers 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, 89 exchange and lease in perpetuity, of immovable property situated within the limits of a smaller urban area]1.