State Bank of Mysore

Collection of Stamp Duty on behalf of Govt. of Karnataka*
Our  Bank has been authorised to collect  non-judicial stamp duty on behalf of Govt of Karnataka.This is effective from 01-05-2003. There are two types of documents requiring stamping
a) documents requiring registration at District Registrar’s Office(DROs) or Sub-Registrar’s Office (SROs) and
b) documents that do not require registration

In Bangalore alone, 12 of our branches have been designated / authorised to collect stamp duty in respect of documents requiring registration and are linked to different SROs for this purpose. These branches will collect stamp duty and issue document sheets/papers also to the members of public. In addition 42 branches have  also been authorised to collect stamp duty and issue documents sheets/papers  in respect of documents not requiring registration

Documents Requiring Registrations
Bank will issue RECEIPT signed by the officer for the amount of stamp duty paid by an applicant. For this  purpose the applicant has to ascertain the  correct quantum of stamp duty  payable from the DRO/SRO and remit at linked branch of  SBM/SBH/SBI. Up to Rs.500/- the applicant  need not pay any exchange charges.  For amounts above  Rs.500/-  the applicant will have to pay only 50% of the normal exchange charges applicable . The RECEIPT  issued by  the Bank will be valid for 14 days within which it has be to deposited at the SROs/DROs office.  In case the RECEIPT is lost/misplaced the bank will not issue any duplicate receipt. However, a certificate certifying the payment of amount with  the receipt number and date can be issued in consultation with SRO/DRO

Documents not Requiring Registration
A large number of documents executed by the public does not require  registration at SROs/DROs and stamp duty on these documents will generally be of small value like Rs.10,20,50,100 or 200.To meet demand for a substitute stamp paper  and also to collect stamp  duty  for the same, a document sheet (document paper) has been  introduced.  These document sheets/papers are serially numbered  and are priced at Rs.2/- per sheet each