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‘Stamp duty revision will create buoyancy in market’ Updated: Updated: Realty firms expect the benefit to bolster the affordable homes segment Share Article Realty firms expect the benefit to bolster the affordable homes segment Karnataka budget brings a slight respite to the worst business casualty of the pandemic: the real estate sector. It is clear that the State government wants to infuse some buoyancy in the sector as it has a fixed revenue collection target of ₹12,655 crore for the Stamps and Registration Department for fiscal 2021-22. On the stamps and registration front, the State proposes to reduce stamp duty from 5% to 3% on first registration of apartments valued between ₹35 lakh and ₹45 lakh to promote affordable housing, a proposal to attract new home buyers to the market. ....