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23 Aug 2023

Exemption from Stamp Duty & Concessional Registration Charges

Benefit

 

Stamp Duty to be paid shall be exempted and concessional
registration charges rate of INR 1/- per INR 1,000/- in respect of loan
agreements and for lease deeds, lease-cum-sale deeds, absolute sale
deeds executed by Developer in respect of lands purchased for
development of private industrial parks in all Zones.

 

Eligibility:

(i) loan agreements, credit deeds, mortgage and hypothecation deeds executed for availing loans from KSFC, Commercial Banks, RRBs, Co-operative Banks, KVIB/KVIC

(ii) for lease deeds, lease-cum-sale and absolute sale deeds executed by industrial enterprises in respect of industrial plots, sheds, industrial tenements by KIADB, KSSIDC, KEONICS, Industrial Co-operatives and approved private industrial estates shall be exempted

Supporting Document:

1.Duly filled in prescribed application form as per Annexure-15

2. Attested copy of the project report duly signed by the promoter

3. Attested copy of partnership deed/Memorandum and Articles of Association/Bye-laws

4. Attested copy of Udyam Registration or 100% EOU certificate

5. Attested copy of the DLSWCC/SLSWCCC/SHLCC approval obtained by the unit/copy of government order, if issued

6. Attested copy of shed /land allotment order/possession certificate

7. Attested copy of unregistered lease deed/lease-cum-sale deed

8. Form of declaration regarding employment of local person in Annexure-8 in case of existing unit

9. Attested copy of approval order/permission obtained from revenue department under section 109 of KLR Act for purchase of land

10. Details of existing investment in case of Expansion/Modernisation/Diversification

Application Fee : NIL

Service Charge (Free for Online Submission) : NIL

Delivery Time (Days) : 10 days

Procedure for applying:

The concerned office after verification of eligibility of the enterprise has to issue the Stamp duty exemption & Concessional Registration Charges certificate to the enterprise in prescribed format