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What is the stamp duty payable on several instruments used in a single transaction like sale, mortgage settlement?  What is the stamp duty payable on instruments falling under several descriptions on the schedule of Karnataka Stamp Act?

With regard to several instruments used in a single transaction of sale, mortgage or settlement the principal instrument only attracts the stamp duty as prescribed. The other documents attract a stamp duty of Rs.100/- each, instead of the duty prescribed. The parties may determine which of the instruments are to be charged as principal instruments, provided that the duty chargeable on such instrument shall be highest duty which would be chargeable in respect of any of the said instruments employed.
In certain cases an instrument may satisfy the different descriptions mentioned in the schedule of the Karnataka stamp Act for which duty payable also varies. Such documents are chargeable with the highest of such duties.


Whether the land converted for residential purposes could be utilized for construction of a school building?

In case of take over loan where the property is transferred by virtue of a general power of attorney whether the bank should insist on execution of a new general power of attorney or the earlier general power of attorney will hold good?

It is the normal practice that banks advance money to the individual borrowers for purchase of flats in an apartment building. Suppose after release of  home loan to the individual borrower, either in full or in part, who in turn has passed on this sum to the developer and  the developer abandons the project half way through  or unduly  delays in completion of the apartment building depriving the borrower to get the sale deed  executed in his favour, then how  the bank can enforce its  right for the money lent to the borrower for purchase of a flat in  the said apartment building? 

What right the creditor bank gets from the deed of declaration and joint development agreement, if not registered or proper stamp duty is not paid on the instrument?

Whether the deed of declaration and joint development agreements are enforceable in court of law without paying stamp duty?

What is meant by irrevocable power of attorney of immovable properties?

Is it necessary to register Power of Attorney to present documents for registration?

Is it necessary to register a General Power of Attorney (GPA)? 

What is the difference between Witness and Consenting Witness?

Can one become owner of a flat by purchasing and registering only undivided share of the land?