LATEST STAMP DUTY FOR VARIOUS TYPES OF LEASE[As amended by Karnataka Stamp (Amendement) Act, 2010]
a. For lease of residential property not exceeding 1 year=0.5% of (Average Annual rent +Security deposit),subject to a maximum of Rs 500/-.
b.For lease of commercial/industrial property not exceeding 1 year=0.5% of (Average Annual rent +Security deposit).
c.For lease exceeding 1 year but not exceeding 10 years=1 % of (Average Annual rent +Security deposit).
d.For lease exceeding 10 years but not exceeding 20 years=2 % of (Average Annual rent +Security deposit).
e.For lease exceeding 20 years but not exceeding 30 years=3 % of (Average Annual rent +Security deposit).
f.For lease exceeding 30 years or in perpetuity or for not a definite term =Same duty as conveyance for the total of (average annual rent plus security deposit) or the market value of the property, whichever is higher.