Standing Order No. 4470/2009 of the Finance Department, Government of Karnataka dated 19th December, 2009 on the granting of leases [C1P-1TX]

Standing Order No. 4470/2009

GOVERNMENT OF KARNATAKA

Finance Department, Government of Karnataka

Bengaluru, dated the 19th December, 2009

STANDING ORDER

To

All Assistants Superintendent of Stamps,

Subject: The granting of leases by lessors of immovable property under the Karnataka Stamp Act, 1957, regarding.

In exercise of the powers conferred by section 9 of the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), the Finance Department, Government of Karnataka hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the granting of leases by lessors of immovable property.

2. The matter has been examined. Every lessor of immovable property carrying on the granting of leases shall make an application in Form B to the Stamp Revenue Board within fifteen days, accompanied by a fee of ten rupees.

3. The Assistant Superintendent of Stamps shall ensure that adjudication is dealt with as directed above, and shall report compliance to the Stamp Revenue Board within fifteen days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Finance Department, Government of Karnataka.

(Secretary to Government)