Act Info:
(1) The Government may levy a local cess at the rate equal to the land revenue on all items of land revenue.
(2) The provision of the Karnataka Land Revenue Act, 1964 (Karnataka Act 12 of 1964) and the rules, notifications and orders made thereunder shall be applicable for payment and recovery of the local cess levied under this section as if the local cess is in addition to the land revenue payable in respect of the land concerned.
(3) The entire amount collected under sub-section (1) from a panchayat area shall be passed on to the Grama Panchayat of that area
Section 205 - Duty on transfer of immovable properties
205. 1 [Duty on transfer of immovable properties]
1 [[2 [(1) The duty on transfers of immovable property shall be levied in the form of a surcharge at the rate of three percent of the duty imposed by the Karnataka Stamp Act, 1957 on instruments of sale, gift, mortguage, exchange and lease in perpetuity, of immovable property situated within the limits of the area of a Taluk Panchayat:]
Provided that no 2 [duty on transfers] is leviable in respect of a mortgage where the amount secured by a mortgage does not exceed two thousand rupees :
Provided further that no 2 [duty on transfers] shall be chargeable in respect of any instrument exempt from stamp duty under the Karnataka Stamp Act, 1957.]
(2) The Government may, by notification, specify the rate of 2 [duty on transfers] leviable under sub-section (1), from time to time.
(3) On the introduction of the 2 [duty on transfers], section 28 of the Karnataka Stamp Act, 1957 shall be read as if it specifically required the particulars to be set forth separately in respect of the property situated within and without the limits of a taluk.
(4) The entire amount collected under sub-section (1) as 2 [duty on transfers] in respect of the lands and other properties situated in the taluk shall be passed on to the Taluk Panchayats in the State in proportion to the population of the taluk.
(5) The Government may make rules for regulating collection of 2 [duty on transfers] and the payment thereof.
______________________
1. Substituted by Act 17 of 1996 w.e.f. 23.9.1996.
2. Substituted by Act 8 of 2003 w.e.f. 1.4.2003.
Section 205 - Duty on transfer of immovable properties
205. 1 [Duty on transfer of immovable properties]
1 [[2 [(1) The duty on transfers of immovable property shall be levied in the form of a surcharge at the rate of three percent of the duty imposed by the Karnataka Stamp Act, 1957 on instruments of sale, gift, mortguage, exchange and lease in perpetuity, of immovable property situated within the limits of the area of a Taluk Panchayat:]
Provided that no 2 [duty on transfers] is leviable in respect of a mortgage where the amount secured by a mortgage does not exceed two thousand rupees :
Provided further that no 2 [duty on transfers] shall be chargeable in respect of any instrument exempt from stamp duty under the Karnataka Stamp Act, 1957.]
(2) The Government may, by notification, specify the rate of 2 [duty on transfers] leviable under sub-section (1), from time to time.
(3) On the introduction of the 2 [duty on transfers], section 28 of the Karnataka Stamp Act, 1957 shall be read as if it specifically required the particulars to be set forth separately in respect of the property situated within and without the limits of a taluk.
(4) The entire amount collected under sub-section (1) as 2 [duty on transfers] in respect of the lands and other properties situated in the taluk shall be passed on to the Taluk Panchayats in the State in proportion to the population of the taluk.
(5) The Government may make rules for regulating collection of 2 [duty on transfers] and the payment thereof.
______________________
1. Substituted by Act 17 of 1996 w.e.f. 23.9.1996.
2. Substituted by Act 8 of 2003 w.e.f. 1.4.2003.
Section 206 - Grant to Grama Panchayats
The Government shall make annually 1 [a grant of such amount as it may notify from time to time, but not less than five lakh rupees] to each Grama Panchayat which shall be utilised for meeting the electricity charges, maintenance of water supply schemes, sanitation and other welfare activities. No part of this grant shall be spent towards establishment expenses not related to the aforesaid purposes.
______________________
1. Substituted by Act 37 of 2003 w,.e.f. 1.10.2003.
Section 206 - Grant to Grama Panchayats
The Government shall make annually 1 [a grant of such amount as it may notify from time to time, but not less than five lakh rupees] to each Grama Panchayat which shall be utilised for meeting the electricity charges, maintenance of water supply schemes, sanitation and other welfare activities. No part of this grant shall be spent towards establishment expenses not related to the aforesaid purposes.
______________________
1. Substituted by Act 37 of 2003 w,.e.f. 1.10.2003.
Section 207 - Establishment grant to Taluk Panchayats and Zilla Panchayats
The Government shall make a grant to every Taluk Panchayat and Zilla Panchayat to cover the expenses of establishment at such scale as may be determined by it.
Section 208 - Discretionary grant
The Government may make discretionary grant to the Grama panchayats, Taluk Panchayats and Zilla Panchayats for such purposes and on such terms and conditions as may be decided by it.