Stamp Duties

Rates of Stamp Duty Applicable to Delhi

RATES OF STAMP DUTY APPLICABLE TO DELHI

Description of Instrument


Proper Stamp-duty 


 1.






ACKNOWLEDGEMENT of a debt exceeding twenty rupees in amount or value, written or signed by, or on behalf, a debtor in order to supply evidence of such debt in any book (other than a banker's pass book) or on a separate piece of paper when such book or paper is left in the creditor's possession:


One rupee


 PROVIDED that such acknowledgement does not contain any promise to pay the debt or any stipulation to pay interest or to deliver any goods or other property.


 
2. ADMINISTRATION BOND, including a bond given under section 6 of the Government Savings Bank Act, 1873, or sections 291, 375 and 376 of the Indian Succession Act, 1925

 


 
 
  1. where the amount does not exceed Rs. 1,000 
The same duty as a Bond (No. 15) for such amount 


 
  1. in any other case 
One hundred rupees


3.








ADOPTION DEED, that is to say, any instrument (other than a Will), recording an adoption, or conferring or purporting to confer an authority to adopt.


Fifty rupees


  ADVOCATE see Entry as an Advocate(No. 30) 


 
4.








AFFIDAVIT, including an affirmation or declaration in the case of persons by law allowed to affirm or declare instead of swearing. Ten rupees


  Exemption


 
  Affidavit or declaration in writing when made--


 
 
  1. as a condition of enrolment under the Army Act, 1950; or Air Force Act, 1950;
 
 
  1. for the immediate purpose of being filed or used in any court or before the officer of any court; or
 
 
  1. for the sole purpose of enabling any person to receive any pension or charitable allowance. 
 
5.

 


AGREEMENT OR MEMORANDUM OF AN AGREEMENT 
 
  1. if relating to the sale of a bill of exchange;
One rupee for every Rs. 10,000 or part thereof


 
  1. if relating to the sale of a government security or share in an incorporated company or other body corporate;
One rupee for every Rs. 10,000 or part thereof of the value of the security or share subject to a maximum of Rs. 1,000.


 
  1. if not otherwise provided for;
Fifty rupees


  Exemption


 
  Agreement or memorandum of agreement--


 
 
  1. for or relating to the sale of goods or merchandise exclusively, not being a Note or Memorandum chargeable under No.43;
 
 
  1. made in the form of tenders to the Central Government for or relating to any loan.
 
6.

     

     






AGREEMENT TO LEASE, See lease (No. 35) Agreement relating to Deposit of Title Deeds, Pawn or Pledge that is to say, any instrument evidencing an agreement relating to--


 
 
  1. the deposit of title-deeds or instruments constituting or being evidence of the title to any property whatever (other than a marketable security), or
 
 
  1. the pawn or pledge of moveable property, where such deposit, pawn or pledge has been made by way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt--
 
 
  1. if such loan or debt is repayable on demand or more than three months from the date of instrument evidencing the agreement


0.5 per cent of the amount secured by such deed subject to a maximum of fifty thousand rupees


 
  1. If such loan or debt is repayable in not more than three months from the date of such instrument.


Half the duty payable under sub-clause (a).


 Exemption


 
 Instrument of pawn or pledge of goods if unattested 


 
7.

   






APPOINTMENT IN EXECUTION OF A POWER, whether of trustees or of property, movable or, immovable, where made by any writing not being a Will


One hundred rupees


8.



 


APPRAISEMENT OR VALUATION, made otherwise than under an order of the court in the course of a suit;--


 
 
  1. where the amount does not exceed Rs.1,000




The same duty as a Bottomry Bond (No. 16) for such amount
 
  1. in any other case
Fifty rupees.
 Exemptions


 
 
  1. Appraisement or valuation made for the information of one party only, and not being in any manner obligatory between parties either by agreement or operation of law.




 
 
  1. Appraisement of crops for the purpose of ascertaining the amount to be given to a landlord as rent 
 
9.

   



   



 


APPRENTICESHIP DEED, including every writing relating to the service or tuition of any apprentice, clerk or servant placed with any master to learn any profession, trade or employment, not being articles of clerkship (No. 11)


Ten rupees


 Exemption


 
 Instrument of apprenticeship executed by a Magistrate under the Apprentices Act, 1950, or by which a person is apprenticed by, or at the charge of, any public charity.


 
10.




ARTICLES OF ASSOCIATION OF A COMPANY


 



  1. when the authorised capital of the
 
Exemption 


 


 Articles of any Association not formed for profit and registered under section 25 of the Companies Act, 1956


 
 Memorandum of Association of a Company (No. 39) 


 
11 

     



 


ARTICLES OF CLERKSHIP or contract where by any person first becomes bound to serve as a clerk in order to his admission as an attorney in any High Court


Four hundred rupees


 ASSIGNMENT--See conveyance (No. 23), Transfer No. 62 and Transfer of Lease (No. 63), as the case may be


 
 ATTORNEY--See entry as an Attorney (No. 30), and power of Attorney (No. 48)


 
 AUTHORITY TO ADOPT--See Adoption Deed (No. 3)


 
12.    





     






AWARD, that is to say, any decision in writing by an arbitrator or umpire, not being an award directing a partition on a reference made otherwise than by an order of the court in the course of a suit--


 
 
  1. where the amount or value of the property to which the award relates as set forth in such award, does not exceed Rs. 1,000;
The same duty as a Bond (No. 15) for such amount 


 
  1. if it exceeds Rs. 1,000 but does not exceed Rs. 5,000 and for every additional Rs. 1,000 or part thereof in excess of Rs. 5,000
   


One rupee for every one thousand rupees or part thereof of the value of the property to which the award relates
13.  






BILL OF EXCHANGE, as defined by section 2(2) not being a BOND, bank note or currency note:-- 
 
  1. Where payable otherwise than on demand--
 
 
    1. where payable in not more than three months after date or sight--
 
  if the amount of the bill or note does not exceed Rs. 500


One rupee twenty five paise


  if it exceeds Rs. 500 but does not exceed Rs. 1,000


Two rupees fifty paise


  and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000


Two rupees fifty paise


 
  1. where payable in more than three months but not more than six months after date or sight--
 
  if the amount of the bill or note does not exceed Rs. 500 Two rupees fifty paise


  if it exceeds Rs. 500 but does not exceed Rs.1,000


Five rupees


  and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000 Five rupees


 
  1. where payable in more than six months but not more than nine months after date or sight--
 
  if the amount of the bill or note does not exceed Rs. 500 Three rupees seventy five paise


 if it exceeds Rs. 500 but does not exceed Rs. 1,000




Seven rupees seventy five paise


  and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000 Seven rupees fifty paise


 
  1. where payable in more than nine months but not more than one year after date or sight--
 
  if the amount of the bill or note does not exceed Rs. 500


Five rupees


 if it exceeds Rs. 500 but does not exceed Rs.1,000


Ten rupees


  and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000 Ten rupees


 
  1. where payable in more than one year after date or sight--
 
 if the amount of the bill or note does not exceed Rs. 500


Ten rupees.


  if it exceeds Rs. 500 but does not exceed Rs.1,000


Twenty rupees


  and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000 Twenty rupees


14.

 


BILL OF LADING (including a through bill of lading)


Two rupees


NB: If a bill of lading is drawn in parts, the proper stamp therefor must be borne by each one of the set


 
 Exemptions


 



  1. Bill of lading when the goods therein described are received at a place within the limits of any port as defined under the Indian Ports Act, 1889, and are to be
 
 delivered at another place within the limits of the same port. 
 
  1. Bill of lading when executed out of India,
 
15.   BOND as defined by section 2(5), not being a DEBENTURE (No. 27), and not being otherwise provided for by this Act, or by the Court Fees Act, 1870.


2% and 0.5% on bond issued by the local authority


 See Administration Bond (No. 2) Bottomry Bond (No. 16), Customs Bond (No. 26), Indemnity Bond (No. 34) Respondentia Bond (No. 56), Security Bond (No. 57). 
  Exemption


 
  Bond when executed by any person for the purpose of guaranteeing that the local income derived from the private subscription to a charitable dispensary or hospital or to any other object of public utility, shall not be less than a specified sum per mensem. 
16. BOTTOMRY BOND, that is to say, any instrument whereby the master of a seagoing ship borrows on a security of the ship to enable him to preserve the ship or prosecute her voyage The same duty as a Bond No. 15 for the same amount


17. CANCELLATION--Instrument of (including any instrument by which any instrument previously executed is cancelled), if attested and not otherwise provided for.


One hundred rupees


  See also Release (No. 55), Revocation of Settlement (No. 58B), Surrender of Lease (No. 61), Revocation of Trust (No. 64B). 
18.

   






CERTIFICATE OF SALE (in respect of each property put up as a separate lot and sold), conveyance duty as to the purchaser of any property sold by public auction by a civil of revenue court, or Collector or other revenue officer

   










The same duty as conveyance (No. 23), for a consideration equal to the amount of the purchase money only.


19.

   





   










CERTIFICATE OR OTHER DOCUMENT, evidencing the right or title of the holder thereof, or any other person, either to any shares, scrip or stock in or of any incorporated company or other body corporate or to become proprietor of shares, scrip or stock in or of any such company or body. See also LETTER OF ALLOTMENT OFSHARES (No. 36)


One rupee for every one thousand or a part thereof of the value of the shares, scrip or stock


20.

   





   










CHARTER PARTY, that is to say, any instrument (except an agreement for the hire of a tug steamer), whereby a vessel or some specified principal part thereof is let for the specified purposes of the charter, whether it includes a penalty clause or not


Fifty rupees


20A.

   





   










CHIT AGREEMENT, that is an agreement relating to a chit as defined in clause (2) of section 2 of the Madras Chit Funds Act, 1961, as extended to the Union Territory of Delhi1, if either such agreement is executed or the chit is conducted in the Union Territory of Delhi1


Five rupees


22.

   





   







   






COMPOSITION-DEED, that is to say, any instrument executed by a debtor whereby he conveys his property for the benefit of his creditors, or whereby payment of a composition or dividend on their debts is secured to the creditors or whereby provision is made for the continuance of the debtor's business under the supervision of inspectors or under letters of licence for the benefit of his creditors


One hundred rupees


  CONVEYANCE as defined by section 2(10) not being a Transfer charged or^ exempted under No. 62-- 2[5%]. of the consideration amount set forth in the instrument


 Exemption


 
 Assignment of copyright under the Copyright Act, 1957, section 18


 
 CO-PARTNERSHIP-DEED-See Partnership (No. 46)


 
24.

   






COPY OR EXTRACT, certified to be true copy or extract, by or by order of any public officer and not chargeable under the law for the time being in force relating to court fees--


 
 
  1. if the original was not chargeable with duty or if the duty with which it was chargeable does not exceed two rupees
Ten rupees


 
  1. in any other case not falling within the provisions of section 6A
Ten rupees


 Exemptions


 
 
  1. Copy of any paper which a public officer is expressly required by law to make or furnish for record in any public office or for any public purpose.
 
 
  1. Copy of, or extract from, any register relating to births, baptisms, namings, dedications, marriages, divorces, deaths or burials.
 
25.


COUNTERPART OR DUPLICATE of any instrument chargeable with duty in respect of which the proper duty has been paid--


 
 
  1. the duty with which the original instrument is chargeable does not exceed two rupees
Ten rupees


 
  1. in any other case not falling within the provisions of section 6A.
Ten rupees


 Exemption


 
 Counterpart of any lease granted to a cultivator, when such lease is exempted from duty


 
26CUSTOMS-BOND 
 
  1. where the amount does not exceed Rs. 1,000
The same duty as a Bond (No. 15) for such amount


 
  1. in any other case
One hundred rupees


 DEBENTURE (whether a mortgage debenture or not), being a marketable security transferable--


 
 
  1. by endorsement or by a separate instrument of transfer
 
 where the amount or value does not exceed Rs. 10


Twenty paise


 where it exceeds Rs. 10 and does not. exceed Rs. 50


Forty paise


 where it exceeds Rs. 50 but does not exceed Rs. 100Seventyfive paise


 where it exceeds Rs 100 but does not exceed Rs. 200One rupee fifty paise


 where it exceeds Rs. 200 but does not exceed Rs. 300;Two rupees twentyfive paise


 where it exceeds Rs. 300 but does not exceed Rs. 400;


Three rupees


 where it exceeds Rs. 400 but does not exceed Rs: 500;Three rupees seventyfive paise


 where it exceeds Rs. 500 but does not exceed Rs. 600;Four rupees fifty paise


 where it exceeds Rs. 600 but does not exceed Rs. 700;


Five rupees twentyfive paise


 where it exceeds Rs. 700 but does not exceed Rs. 800;


Six rupees


 where it exceeds Rs. 800 but does not exceed Rs. 900;Six rupees seventyfive paise


 where it exceeds Rs. 900 but does not exceed Rs. 1,000;


Seven rupees fifty paise


 and for every Rs. 500 or part thereof in excess of Rs. 1,000.


Three rupees seventyfive paise


 
  1. by delivery
 
 where the amount or value of the consideration for such debenture as set forth therein does not exceed Rs. 50


Seventyfive paise


 where it exceeds Rs. 50 but does not exceed Rs. 100One rupee fifty paise


 where it exceeds Rs 100 but does not exceed Rs. 200


Three rupee


 where it exceeds Rs. 200 but does not exceed Rs. 300


Four rupees fifty paise


 where it exceeds Rs. 300 but does not exceed Rs. 400Six rupees


 where it exceeds Rs. 400 but does not exceed Rs. 500


Seven rupees fifty paise


 where it exceeds Rs. 500 but does not exceed Rs. 600


Nine rupees


 where it exceeds Rs. 600 but does not exceed Rs. 700


Ten rupees fifty paise





where it exceeds Rs. 700 but does not exceed Rs. 800 Twelve rupees


 where it exceeds Rs. 800 but does not exceed Rs. 900


Thirteen rupees fifty paise


 where it exceeds Rs. 900 but does not exceed Rs. 1,000


Fifteen rupees


 and for every Rs. 500 or part thereof in excess of Rs. 1,000


Seven rupees fifty paise


 Explanation : The term "Debenture" includes any interest coupons attached thereto, but the amount of such coupons shall not be included in estimating the duty.


 
 Exemption


 
 A debenture issued by an incorporated company or other body corporate in terms of a registered mortgage-deed, duly stamped in respect of the full amount of debentures to be issued thereunder, whereby the company or body borrowing makes over, in whole or in part, their property to trustees for the benefit of the debenture-holders:


 
 PROVIDED that the debentures so issued are expressed to be issued in terms of the said mortgage deed.


 
28.


DELIVERY ORDER IN RESPECT OF GOODS that is to say, any instrument entitling any person therein named, or his assigns or the holder thereof, to the delivery of any goods laying in any dock or port, or in any warehouse in which goods are stored or deposited on rent or hire, or upon any wharf, such instrument being signed by or on behalf of the owner of such goods, upon the sale or transfer of the property therein, when such goods exceed twenty rupees in value.


One rupee


 DEPOSIT OF TITLE DEEDS--See AGREEMENT RELATING TO DEPOSIT OF TITLE DEEDS, PAWN OR PLEDGE (No. 6)


 
 DISSOLUTION OF PARTNERSHIP--See PARTNERSHIP (No. 46).


 
29.


DIVORCE Instrument of--that is to say any instrument by which any person effects the dissolution of his marriage


One hundred rupees


 DUPLICATE see Counterpart (No. 25)


 
30.


ENTRY AS AN ADVOCATE, VAKIL OR ATTORNEY ON THE ROLL OF THE HIGH COURT (Under the Indian Bar Councils Act, 1926, or in exercise of powers conferred on such court by Letters Patent or by the Legal Practitioners Act, 1884)--


 
 
  1. in the case of an advocate or vakil
Five hundred rupees
 
  1. in the case of an Attorney
Five hundred rupees
 Exemption


 Entry of an Advocate, Vakil or Attorney on the roll of the High Court, when he has previously been enrolled in any other High Court


31.


EXCHANGE OF PROPERTY, instrument of--The same duty as conveyance (No. 23) as levied by this Act for a consideration equal to the greatest value of the property as set forth in such instrument.
 EXTRACT--See Copy (No. 24}


32.


FURTHER CHARGE, Instrument of, that is to say, any instrument imposing a further charge on mortgage property--


 
  1. when the original mortgage is one of the description referred to in clause (a) of Article No. 40 that is, with possession;
The same as a conveyance (No. 23) for the value equal to the amount of further charge secured by such instrument.
 
  1. when such mortgage is one of the description referred to in clause (b) of Article No. 40 (that is, without possession)--



 
  1. if at the time of execution of the instrument of further charge, possession of the property is given or agreed to be given under such instrument;


The same as conveyance (No. 23) for a value equal to the total amount of the charge (including the original mortgage and any further charge already made) less the duty already paid on such original mortgage and further charge.
 
  1. if possession is not so given.


The same duty as a Bond (No. 15) for the amount of the further charge by such instrument, subject to a maximum of rupees two lakhs.
33.GIFT--Instrument of, not being a settlement (No. 58), or Will or Transfer (No. 62)The same duty as conveyance (No. 23) as the value of the property.



HIRING AGREEMENT or agreement for service--(see Agreement (No. 5).


34.INDEMNITY BONDThe same duty as Security Bond (No. 57) for the same amount.



INSPECTORSHIP-DEED--See Composition Deed (No. 22)







 
  1. Now National Capital Territory of Delhi.
  2. (i) Rate of Stamp duty reduced from 8% to 5% in respect of conveyance on sale and in respect of conveyance on Agreement to sell. Duty on other instruments of conveyance shall continue to remain at 8% vide No. F. 2(3)/Fin.(E-1)/2003-04(i)/125, dt. 19-5-2003, w.e.f. 19-5-2003.
(ii) Said rate is further reduced to 3% in respect of conveyance on sale in cases of the purchase of immovable property by women vide Noti. No. F.2(3)/Fin.(E1)/2003-04(ii)/135, dt. 20-5-2003, w.e.f. 20-5-2003

Rates of Stamp Duty Applicable to Delhi

RATES OF STAMP DUTY APPLICABLE TO DELHI

Description of Instrument Proper Stamp-duty
35. LEASE, including an under-lease or sublease and any agreement to let or sub-let--
 

 
  1. here by such lease the rent is fixed and no premium is paid or delivered--
 
 
  1. where the lease purports to be for a term of less than one year;

The same duty as a Bond (No. 15) for the whole amount payable or deliverable under such lease 
 
  1. where the lease purports to be for a term of not less than one year, but not more than five years;

The same duty as a Bond (No. 15) for the amount or value of the average annual rent received. 
 
  1. where the lease purports to be for a term exceeding five years and not exceeding ten years;

The same duty as a Conveyance (No. 23) as levied by this Act, for a consideration equal to the amount or value of the average annual rent received.  
 
  1. where the lease purports to be for a term exceeding ten years but not exceeding 20 years;

The same duty as a Conveyance (No. 23) as levied by this Act, for a consideration equal to twice the amount or value of the average annual rent received.
 
  1. where the lease purports to be for a term exceeding 20 years, but not exceeding 30 years;

The same duty as a Conveyance (No. 23) as levied by this Act, for a consideration equal to three times the amount or value of the average annual rent received. 
 
  1. where the lease purports to be for a term exceeding 30 years but not exceeding 100 years;

The same duty as a Conveyance (No. 23) as levied by this Act, for a consideration equal to four times the amount or value of the average annual rent received. 
 
  1. where the lease purport to be for a term exceeding 100 years or in perpetuity;

The same duty as Conveyance (No. 23)
 
  1. where the lease does not purport to be for any definite term;

The same duty as Conveyance (No. 23) as levied by this Act, for a consideration equal to three times the amount or value of the average annual rent which would be paid or delivered for the first ten years if the lease continued so long. 
 
  1. where lease is granted for a fine or premium or for money advanced and where no rent is reserved.
The same duty as Conveyance (No. 23) as levied by this Act, for a consideration equal to the amount or value of such fine or premium or advance as set forth in the lease
 
  1. where the lease is granted for a fine or premium or for money advanced, in addition to rent reserved
The same duty as a Conveyance (No. 23) as levied by this Act, for a consideration equal to the amount or value or such fine or premium or advance as set forth in the lease, in addition to the duty which would have been payable on such lease, if no fine or premium or advance had been paid or delivered.
  Exemption
 
  Lease, executed in the case of cultivator and for the purposes of cultivation (including a lease of trees for the production of food or drink) without the payment or delivery of any fine or premium, when a definite term is expressed and such term does not exceed one year, or when the average annual rent reserved does not exceed one hundred rupees
 
  In this exemption a lease for the purposes of cultivation shall include a lease of lands for cultivation together with a homestead or tank
 
 Explanation: When a lessee undertakes to pay any recurring charge, such as government revenue, the landlord's shares of cesses, or the owner's share of municipal rates or taxes, which is by law recoverable from the lessor, the amount so agreed to be paid by the lessee, shall be deemed to be part of the rent.
 
36
LETTER OF ALLOTMENT OF SHARES in any company or proposed company, or in respect of any loan to be raised by any company or proposed company
One rupee
  See also CERTIFICATE OR OTHERDOCUMENT (No. 19)
 
37.
LETTER OF CREDIT, that is to say any instrument by which one person authorizes another to give credit to the person in whose favour it is drawn
Two rupees
  LETTER OF GUARANTEE--See Agreement (No. 5)
 
38.
LETTER OF LICENCE, this is to say any agreement between a debtor and his creditors that the latter shall, for a specified time, suspend their claims and allow the debtor to carry on business at his own discretion
One hundred rupees
39.
MEMORANDUM OF ASSOCIATION OF A COMPANY--
 
 
  1. if accompanied by articles of association under sections 26, 27 and 28 of the Companies Act, 1956
Two hundred rupees
 
  1. if not so accompanied
Five hundred rupees
  Exemption
 
  Memorandum of any Association not formed for profit and registered under section 25 of the Companies Act, 1956
 
40.
MORTGAGE-DEED, not being an agreement relating to Deposit of the Title deeds, Pawn or Pledge (No. 6), Bottomry Bond (No. 16), Mortgage of a Crop (No. 41), Respondentia Bond (No. 56), or Security Bond (No. 57)--
 
 
  1. when possession of the property or any part of the property comprised in such deed is given by the mortgagor or agreed to be given--
Same duty as conveyance deed No. 23
 
  1. when possession is not given or agreed to be given as aforesaid
2% with a monetary ceiling of Rs. 2 lacs.
  Explanation: A mortgagor who gives to the mortgagee a power of attorney to collect rents or a lease of the property mortgaged or part thereof, is deemed to give possession within the meaning of this article.
 
 
  1. when a collateral or auxiliary or additional or substituted security, or by way of further assurance for the above mentioned purposes where the principal or primary security is duly stamped--
 
  For every sum secured not exceeding Rs. 1,000 or part thereof;
Two rupees
 and for every Rs. 1,000 or part thereofsecured in excess of Rs. 1,000

Two rupees per thousand or part thereof
  Exemption
 
 
  1. Instruments executed by persons taking advances under the Land Improvement Loans Act, 1883, or the Agriculturists' Loans Act, 1884, or by their sureties as security for the repayment of such advances.
 
 
  1. Letter of hypothecation accompanying a bill of exchange
 
41.


   


MORTGAGE OF A CROP, including any instrument evidencing an agreement to secure the repayment of a loan made upon any mortgage of a crop, whether the crop is or is not in existence at the time of the mortgage:--
 
 
  1. when the loan is repayable in not more than three months from the date of the instrument--
 
  for every sum secured not exceeding Rs. 200;and for every Rs. 200 or part thereof secured in excess of Rs. 200;
One rupee for Rs. 200 and part thereof
 
  1. when the loan is repayable in more than three months, but not more than eighteen months, from date of the instrument--
 
  for every sum secured not exceeding Rs. 100
One rupee
  and for every Rs. 100 or part thereof secured in excess of Rs. 100
One rupee for rupees one hundred and part thereof 
42.


   


NOTARIAL ACT, that is to say, any instrument, endorsement, note, attestation certificate or entry not being a Protest (No. 50) made or signed by Notary Public in the execution of the duties of his office, or by any other persons lawfully acting as a Notary Public
Five rupees
  See also Protest of Bill or Note (No. 50) 
 
43.  


NOTE OR MEMORANDUM, sent by a broker or agent to his principal intimating the purchase or sale on account of such principal--
 
 
  1. of any goods, exceeding twenty rupees in value;
One rupee
 
  1. of any stock or marketable security exceeding twenty rupees in value
One rupee for every Rs. 10,000 or part thereof, of the value of security at the time of its purchase or sale, as the case may be. 
44.
 
NOTES OF PROTEST BY THE MASTER OF A SHIP
Ten rupees
45.
           


           



   

   


PARTITION, Instrument of, as defined by section 2(15)
The same duty as a Bond (No. 15) for the amount of the value of the separated share or shares of the property.NB:--The largest share remaining after the property is partitioned or, if there are two or more shares of equal value and not smaller than any of the other shares then one of such equal shares shall be deemed to be that from which the other shares are separated:
   PROVIDED always that--
  
  1. when an instrument of partition containing an agreement to divide property in severally is executed and a partition is effected in pursuance of such agreement, the duty chargeable upon the instrument effecting such partition shall be reduced by the amount of duty paid in respect of the first instrument, but shall not be less than ten rupees.
  
  1. where the instrument relates to the partition of agriculture land exclusively the market value for the purpose of duty shall be calculated at fifty times the annual land revenue
  
  1. where a final order for affecting a partition passed by any revenue authority or any civil court, or an award by an arbitrator directing a partition, is stamped with the stamp required for an instrument of partition, and such instrument of partition in pursuance of such order or award is subsequently executed, the duty on such instrument shall not exceed ten rupees. 
46. PARTNERSHIP--
 
  A--Instrument of--
 
 
  1. where the capital of the partnership does not exceed Rs. 500;(b) in any other case
One per cent with a ceiling of Rs. 5,000
  B--Dissolution of--
 
  PAWN OR PLEDGE--See agreement relating to Deposit of Title Deeds, Pawn or Pledge (No. 6)
Two hundred rupees
47. POLICY OF INSURANCE--   

A--SEA-INSURANCE (See section 7)-- If drawn singly
If drawn in duplicate for each part
 
  1. for or upon any voyage--
  
 
  1. where the premium or consideration does not exceed the rate of one-eighth per centum of the amount insured by the policy
Ten paise
   


Five paise
 
  1. in any other case, in respect of every full sum of one thousand five hundred
Ten paise
   


Five paise
  rupees and also any fractional part of one thousand five hundred rupees insured by the policy
  
 
  1. for time--
  
 
  1. in respect of every full sum of one thousand rupees and also any fractional part of one thousand rupees insured by the policy--
  

where the insurance shall be made for any time not exceeding six months Fifteen paise
Ten paise 
 where the insurance shall be made for any time exceeding six months and not exceeding twelve months Twenty five paise
Fifteen paise
  B. FIRE-INSURANCE AND OTHER CLASSES OF INSURANCE, NOT ELSEWHERE INCLUDED IN THIS ARTICLE COVERING GOODS, MERCHANDISE PERSONAL EFFECTS, CROPS, AND OTHER PROPERTY AGAINST LOSS OR DAMAGE-- 
  

  1. in respect of an original policy-
 
 
  1. when the sum insured does not exceed Rs. 5,000;

Fifty paise 
  mi) in any other case; and
One rupee
 
  1. in respect of each receipt for anypayment of a premium on any renewal of an original policy
One-half of the duty payable in respect of the original policy in addition to the amount, if any chargeable under No. 53
 C--ACCIDENT AND SICKNESS INSURANCE--
 
 
  1. against Railway accident, valid for a single journey only
Ten paise
  Exemption 
 
 When issued to a passenger travelling by the Intermediate or the Third Class in any Railway
 
 
  1. in any other case--for the maximumamount which may become payable in the case of any single accident or sickness where such amount does not exceed Rs. 1,000, and also where such amount exceeds Rs. 1,000 for every Rs. 1,000 or part thereof.
Fifteen paise:
 

   


   


PROVIDED that, in case of a policy of insurance against death by accident when the annual premium payable does not exceed Rs. 2.50 per Rs. 1,000, the duty on such instrument shall be Ten paise for every Rs. 1,000 or part thereof of the maximum amount which may become payable under it.
  CC--INSURANCE BY WAY OF INDEMNITY against liability to pay damage on account of accidents to workmen employed by or under the insurer or against liability to pay compensation under the Workmen's Compensation Act, 1923, for every Rs. 100 or part thereof payable as premium
 
  D--LIFE INSURANCE OR GROUP INSURANCE OR OTHER INSURANCE NOT SPECIFICALLY PROVIDED FOR, except such a RE-INSURANCE as is described in Division E of this article--
If drawn singly
If drawn in duplicate for each part
 
  1. for every sum insured for exceeding Rs. 250
Fifteen paise
Ten paise

  1. for every sum insured exceeding Rs. 250 but not exceeding Rs. 500
wenty five paise Fifteen paise
 
  1. for every sum insured exceeding Rs. 500 but not exceeding Rs. 1,000 and also for every Rs. 1,000 or part thereof in excess of Rs. 1,000
Forty paise
Twenty paise 
 Exemption 
 Policies of life-insurance granted by the Director General of Post Offices in accordance with rules for Postal Life Insurance issued under the authority of the Central Government
NB: If a policy of Group Insurance is renewed or otherwise modified where by the sum insured exceeds the sum previously insured on which stamp duty has been paid, the proper stamp must be borne on the excess sum so insured.
  E--REINSURANCE BY AN INSURANCE COMPANY, which has granted a POLICY of the nature specified in Division A or Division B or of this Article, with another Company by way of indemnity of guarantee against the payment on the original insurance of a certain part of the sum insured thereby
One-quarter of the duty payable in respect of the original insurance but not less than Ten paise or more than one rupee: PROVIDED that if the total amount of duty payable is not a multiple of five paise, the total amount shall be rounded off to the next higher multiple of five paise.
  General Exemption 
  Letter of cover or engagement to issue a policy of insurance:
 
  PROVIDED that, unless such letter or engagement bears the stamp prescribed by this Act for such policy, nothing shall be claimable thereunder, not shall it be available for any purpose, except to compel the delivery of the policy therein mentioned.
 
  POWER OF ATTORNEY (as defined by section 2(21) not being a proxy (No. 52)
 
 
  1. when executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one or more such documents;
Twenty rupees
 
  1. when required in suits or proceedings under the Presidency Small Cause Courts Act, 1882;
Twenty rupees 
 
  1. when authorising one person or more to act in a single transaction other than the case mentioned in clause (1);
Fifty rupees
 
  1. when authorising not more than five persons to act jointly and severally in more than one transaction or generally;
Fifty rupees
 
  1. when authorising more than five but not more than ten persons to act jointly and severally in more than one transaction or generally;
Fifty rupees
 
  1. when given for consideration and authorising the attorney to sell any immovable property;
The same duty as a Conveyance (No. 23) as levied by this Act for the amount of consideration. 
 
  1. in any other case.
  
Fifty rupees for each person authorised
   NB: The term "registration" includes every operation incidental to registration under the Indian Registration Act, 1908
  Explanation: For the purpose of this article more persons than one when belonging to the same firm shall be deemed to be one   
 person.
 
49. PROMISSORY NOTE (as defined by section 2(22)--  
 
  1. when payable on demand--
 
 
  1. when the amount or value does not exceed Rs. 250

Ten paise 
 
  1. when the amount or value exceeds Rs. 250 but does not exceed Rs. 1,000;

Fifteen paise 
 
  1. in any other case

Twenty five paise 
 
  1. when payable otherwise than on demand
   
 
The same duty as a Bill of Exchange (No. 13) for the same amount payable otherwise than on demand
50.
   


   

PROTEST OF BILL OR NOTE, that is to say, any declaration in writing made by a Notary Public, or other person lawfully acting as such, attesting the dishonour of a Bill of Exchange or promissory note
Ten rupees
51.
   

   



PROTEST BY THE MASTER OF A SHIP, that is to say, any declaration of the particulars of her voyage drawn up by him with a view to the adjustment of losses or the calculation of averages, and every declaration in writing made by him against the charterers or the consignees for not loading or unloading the ship, when such declaration is attested or certified by a Notary Public or other person lawfully acting as such.--(See also NOTE OF PROTEST BY THE MASTER OF A SHIP (No. 44)
Ten rupees
52.
   

   



PROXY empowering any person to vote at any one election of the members of a district or local board or of a body of municipal commissioners, or at any one meeting of (a) members of an incorporated company or other body corporate whose stock, or funds is or are divided into shares and transferable, (b) a local authority, or (c) proprietors, members or contributors to the funds of any institution.
Thirty paise
53.    

 
RECEIPT (as defined by section 2(23} for any money or to other property the amount or value of which exceeds five hundred rupees
One rupee
  Exemptions
 
  Receipt--
 
 
  1. endorsed on or contained in any instrument duly stamped, or any instrument exempted under the proviso to section 3 (instruments executed on behalf of the government) or any cheque or bill of exchange payable on demand acknowledging the receipt of the consideration money therein expressed, or the receipt of any principal money, interest or annuity or other periodical payment thereby secured;
 
 
  1. for any payment of money without consideration;
 
 
  1. for any payment of rent by a cultivator on account of land assessed to government revenue, or (in the States of Madras, Bombay and Andhra as they existed immediately before the 1st November, 1956) of Inam lands;
 
 
  1. for pay or allowance by noncommissioned or petty officers soldiers, sailors or airmen of the Indian military, naval or air forces when serving in such capacity, or by mounted police constables;
 
 
  1. given by holders of family certificates in cases where the persons from whose pay or allowances the sum comprised in the receipt has been assigned is a noncommissioned or petty officer, soldier, sailor or airman of any of the said forces, and serving in such capacity;
 
 
  1. for pensions or allowances by persons receiving such pensions or allowances in respect of their service as such noncommissioned or petty officers, soldiers, sailors or airmen, and not serving the government in any other capacity;
 
 
  1. given by a headman or lambradar for land revenue or taxes collected by him;
 
 
  1. given for money or securities for money deposited in the hands of any bankers, to be accounted for:
 
 PROVIDED that the same is not expressed to be received of, or by the hands of, any other than the person to whom the same is to be accounted for: 
  PROVIDED ALSO that this exemption shall not extend to a receipt or acknowledgement for any sum paid or deposited for or upon a letter of allotment of a share, or in respect of a call upon any scrip or share of, or in, any incorporated company or other body corporate or such proposed or intended company or body or in respect of a debenture being a marketable security--(See also POLICYOF INSURANCE (No. 47B (2))
 
54.  

RECONVEYANCE OF MORTGAGED PROPERTY--
 

  1. If the consideration for which the property was mortgaged does not exceed Rs. 1,000;
The same duty as a Conveyance (No. 23) as levied by this Act for the amount of such consideration as set forth in the reconveyance.
 
  1. in any other case--
 
 
  1. if the reconveyance relates to immovable property situate within a municipality, cantonment board, or notified area;

One hundred rupees 
 
  1. in other cases

One hundred rupees  
55.

     
     


RELEASE, that is to say, any instrument (not being such a release as is provided for by section 23(a) whereby a person renounces a claim upon another person or against any specified property--
 
 
  1. if the amount or value of the claim does not exceed Rs. 1,000
The same duty as Bond (No. 15) for such amount or value as set forth in the Release.
 
  1. in any other case
One hundred rupees 
56

   


RESPONDENTIA BOND, that is to say, any instrument securing a loan on the cargo laden or to be laden on board a ship and making repayment contingent on the arrival of the cargo at the port of destination
The same duty as Bottomry Bond (No. 16) for the amount of the loan secured
  REVOCATION OF ANY TRUST OR SETTLEMENT--See Settlement (No. 58) Trust (No. 64) 
 
57.    

     

     
 
SECURITY BOND OR MORTGAGE DEED, executed by way of security for the due execution of an office, or to account for money or other property received by virtue thereof, or executed by a surety to secure the due performance of a contract
 
 
  1. when the amount secured does not exceed Rs. 1,000
The same duty as a Bond (No. 15) for the amount secured

  1. in other case
One hundred rupees
  Exemptions
 
  Bond or other instrument, when executed--
 
 
  1. by any person for the purpose of guaranteeing that the local income derived from private subscription to a charitable dispensary or hospital or any other object of public utility, shall not be less than a specified sum per mensem;
 
 
  1. by person taking advances, under the Land Improvement Loans Act, 1883, or the Agriculturists Loans Act, 1884, or by their sureties as security for the repayment of such advances;
 
 
  1. by officers of government or their sureties to secure the due execution of an office, or the due accounting for money or other property received by virtue thereof.
 
58. SETTLEMENT--  

A.--Instrument of--(including a deed of dower) The same duty as a Bond (No. 15) for a sum equal to the amount or value of the property settled as set forth in such settlement
  Exemption
 
  Deed of dower executed on the occasion of a marriage between Muhammadans
 
  B.--Revocation of-- The same duty as Bond (No. 15) for a sum equal to the amount or value of the property concerned as set forth in the instrument of revocation, but not exceeding One hundred rupees.
 See also Trust (No. 64) 
 
59.    
     


     
     


SHARE WARRANTS TO, bearer issued under the Companies Act, 1956
One-and-a-half times the duty payable on a mortgage deed with possession (No. 40(a), for the amount equal to the nominal amount of the shares specified in the warrant.
 Exemption
 
 Share warrant when issued by a company in pursuance of the Companies Act, 1956, section 114, to have effect only upon payment, as composition for the duty, to the Collector of Stamp Revenue of--
 
 
  1. one-and-a-half per centum of the whole subscribed capital of the company; or
 
 
  1. if any company which has paid the said duty or composition in full subsequently issues an addition to its subscribed capital, one and a half per cent of the additional capital so issued. 
 
60.
SHIPPING ORDER for or relating to the conveyance of goods on board of any vessel
One rupee
61.SURRENDER OF LEASE
 
 
  1. when the duty with which the lease is chargeable does not exceed ten rupees
The duty with which such lease is chargeable
 
  1. in any other case
One hundred rupees
 Exemption 
 
62.     
     

Surrender of lease, when such lease isexempted from dutyTRANSFER (whether with or without consideration)--
 
 
  1. of shares in an incorporated company or other body corporate
Seventy five paise for every hundred rupees or part thereof of the value of the share.
 
  1. of debentures, being marketable securities whether the debenture is liable to duty or not except debentures provided for by section 8
One-half of the duty payable on a Conveyance (No. 23) for a consideration equal to the face amount of the debentures
 
  1. of any interest secured by a bond, mortgage deed or policy of insurance,--
One-half of the duty with which such bond mortgage deed or policy of insurance is chargeable subject to a maximum of fifty rupees
 
  1. if the duty on such bond mortgage-deed or policy does not exceed five rupees;

The duty with which such bond, mortgage-deed or policy of insurance is chargeable 
 
  1. in any other case

Five rupees  
 
  1. of any property under the Administrator Generals Act, 1913, section 25;
Ten rupees
 
  1. of any trust-property without consideration from one trustee to another trustee, or from a trustee to a beneficiary
Five rupees or such smaller amount as may be chargeable under clauses (a) to (c) of this article.
 Exemptions
 
 Transfers by endorsement--
 

  1. of a bill of exchange, cheque or promissory note;
 
 
  1. of a bill of lading, delivery order, warrant for goods, or other mercantile document of title of goods;

 
  1. of a policy of insurance;

 
  1. of securities of the Central Government--(see also section 8)

63.

     
     


TRANSFER OF LEASE by way of assignment and not by way of under lease
The same duty as Conveyance (No. 23) as levied by this Act, for a consideration equal to the amount of the consideration for the transfer.
 Exemption
 
 Transfer of any lease exempt from duty 
 
64.TRUST--
 
 A.--Declaration of--of, or concerning any property when made by any writing not being a Will
The same duty as Conveyance No. 23 of amount of value of the property settled
 B.--Revocation of--of, or concerning, any property when made by any instrument other than a Will--see also Settlement (No. 58)
The same duty as a Bond (No. 15) for a sum equal to the amount or value of the property concerned, as set forth in the instrument, but not exceeding one hundred rupees.
 VALUATION--See Appraisement (No. 8)
 
 VAKIL--Entry as a Vakil (No, 30} 
 
65.
   


   

 
WARRANT FOR GOODS, that is to say, any instrument evidencing the title of any person therein named, or his assigns, or the holder thereof, to the property in any goods lying in or upon any dock, warehouse wharf, such instrument being signed or certified by or on behalf of the person in whose custody such goods may be.
One rupee

  1. Now National Capital Territory of Delhi.
  2. (i) Rate of Stamp duty reduced from 8% to 5% in respect of conveyance on sale and in respect of conveyance on Agreement to sell. Duty on other instruments of conveyance shall continue to remain at 8% vide No. F. 2(3)/Fin.(E-1)/2003-04(i)/125, dt. 19-5-2003, w.e.f. 19-5-2003.
(ii) Said rate is further reduced to 3% in respect of conveyance on sale in cases of the purchase of immovable property by women vide Noti. No. F.2(3)/Fin.(E1)/2003-04(ii)/135, dt. 20-5-2003, w.e.f. 20-5-2003


Stamp Duty in Uttar Pradesh

STAMP DUTY IN UTTAR PRADESH
(For Exemptions and other details refer Schedule IB
of Indian Stamp Act 1899 applicable to, Uttar Pradesh)

Description of Instruments
Proper Stamp Duty
Acknowledgement
Fifty paise. Subject to a max. of two hundred rupees, the same duty as on a Bond. One hundred rupees.
Administration Bond 
 
Adoption Deed
Five rupees. 
Affidavit 
 
  1. For the immediate purpose of being filed or used in any Court or before an officer of any Court.    
      
Two rupees.
  1. In any other case.
Five rupees.
Agreement or Memorandum of an Agreement
 
  1. if relating to the sale of a bill of exchange.

Sixty paise.
  1. if relating to the sale of a Government security or share in an incorporated company or other body corporate.
 
Subject to a max. of forty-five rupees; thirty paise (or every Rs. 10,000 or part thereof the value of the security or share.
  1. if not otherwise provided for.  
One hundred rupees.
Appointment in execution of a power
 
where the amount does not exceed Rs. 1,000 .     
One hundred rupees.
Appraisement or Valuation 
  1. where the amount does not ex ceed Rs. 1,000.

The same duty as a Bond.
  1. in any other case.     
Thirty-seven rupees, fifty paise.
Apprenticeship Deed     
Twelve rupees.
Articles of Association of a Company   
Three hundred rupees.
Articles of Clerkship    
Four hundred rupees.
Award       
 
  1. where the amount or value of the property to which the awardrelates does not exceed Rs. 1,000.   

The same duty as a Bond for such amount.
  1. if it exceeds Rs. 1,000, for every additional Rs. 1 ,000 or part thereof.   

One rupee, fifty paise.
  1. where the subject matter of award is incapable of valuation.    

Thirty-seven rupees, fifty paise.
Bond     
 
where the amount or value secured does not exceed Rs. 10.    
Two rupees.
where it exceeds Rs. 10 but does not exceed Rs. 50.    
Four rupees.
where it exceeds Rs. 50 but does not exceed Rs. 100.  
Six rupees, twenty- five paise.
where it exceeds Rs. 100 but does not exceed Rs. 200.    
Twelve rupees and fifty paise.
where it exceeds Rs. 200 but does not exceed Rs. 300.    
Eighteen rupees, seventy five paise.
where it exceeds Rs. 300 but does not exceed Rs. 400.    
Twenty-five rupees.
where it exceeds Rs. 400 but does not exceed Rs. 500.    
Thirty-one rupees. fifty paise.
where it exceeds Rs. 500 but does not exceed Rs. 600.    
Thirty-seven rupees, fifty paise.
where it exceeds Rs. 600 but does not exceed Rs. 700.  
Fourty-three rupees, seventy-five paise.
where it exceeds Rs. 700 but does not exceed Rs. 8OO.   
Fifty rupees.
where it exceeds Rs. 800 but does not exceed Rs. 900.   Fifty-six rupees, twenty-five paise.
where it exceeds Rs. 900 but does not exceed Rs. 1000.     
Sixty-five rupees.
and for every Rs. 500 or part thereof in excess of Rs. 1,000. 
Thirty-one rupees. twenty-five paise.
Bottomry Bond   
The same duty as a Bond.
Cancellation-- Instrument of,  
Twenty-five rupees.
Certificate of Emolument     
Two hundred and fifty rupees.
Certificate of Practice, as Notary
Five hundred rupees.
Charter Party    
Six rupees.
Composition Deed    
Fifty rupees.
Counterpart or Duplicate--  
 
  1. if the duty with which the original instrument is chargeable does not exceed five rupees.    

The same duty as is payable on the original.
  1. in any other case not falling within the provisions of section 6-A.     

Fifty rupees.
Customs Bond    

Subject to a maximum of one hundred and fifty rupees, the same duty as on a Bond.
Delivery order in respect of goods
Fifty paise.
Divorce    
Twenty-five rupees.
Indemnity Bond   The same duty as a Security Bond for the same amount.    
Instrument
 
  1. if the duty with which the original instrument is chargeable does not exceed ten rupees.
    
One-half of the duty payable on the original.
  1. in any other case.  
Six rupees.
Letter of Allotment of Shares 
Fifty rupees.
Letter of Licence    
Thirty rupees.
Memorandum of Association of a company--     
 
  1. if accompanied by Articles of Association under section 26 of the Companies Act, 1956.   
     
Two hundred rupees.
  1. if not so accompanied.

Five hundred rupees.
Notarial Act     
Three rupees, fifty paise.
Note or Memorandum     
 
  1. of any goods exceeding in value twenty rupees.    

One rupee.
  1. of any stock or marketable security exceeding in value twenty rupees.            

Subject to maximum ofseventy-five rupees; one rupee foreveryRs. 10,000 of part thereof of the value of the stock or security.
Note of Protest by the Master of a Ship.    
Three rupees.
Partnership --    
 
A-- Instrument of --   
 
  1. where the capital of the partner- ship does not exceed Rs. 4,000.    

The same duty as a Bond.
  1. in any other case.    
Thirty-seven rupees, fifty paise.
Power of Attorney     
 
  1. when executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one or more such document.    
 
Three rupees.        
  1. when authorising one person or more to act in a single transaction other than the case mentioned in clause (a).  
Ten rupees.
  1. when authorising not more than five persons to act jointly and severally in more than one transaction or generally.  
Fifty rupees.    
  1. when authorising more than five but not more than ten persons to act jointly and severally in more than one transaction or generally.          
One hundred rupees.
  1. when given for consideration and authorising the attorney to sell any immovable property.    
Duty as a convey ance.
  1. when authorising more than ten persons to act jointly and severally in more than one transaction or generally, for each person authorised.    
Ten rupees.
Protest of bill or note  
Five rupees.
Protest by the Master of a ship 
Five rupees.
Release     
 
  1. if the amount or value of the claim does not exceed Rs. 2,500.    
The same duty as a Bond for suchamount or value as set forth in the Release.
  1. in any other case.   
The same duty as a Bond
Respondentia Bond    

The same duty as a Bond for the amount of the loan secured.
Security Bond or Mortgage Deed   
  1. when the amount secured does not exceed Rs. 1,000.    
     
The same duty as a Bond for the amount secured.
  1. in any other case.  
 
The same duty as a Bond.

Share Warrants to bearer issued under the Indian Companies Act.    

The same duty as a Debenture transferable by delivery for a face amount equal to the nominal amount of the shares specified in the warrant.
Shipping Order 
Fifty paise.
Surrender of Lease--  
 
  1. when the duty with which the lease is chargeable does notexceed the duty chargeable on a conveyance for a consideration of Rs. 500, 
The duty with which such lease is chargeable.
  1. in any other case.    
The same duty as a conveyance.
Trust--   
 
A.-- Declaration of,  
 
  1. where the amount or value does not exceed Rs. 10,000.
The same duty as a Bond.
  1. where such amount exceeds Rs. 10,000.    

On ten thousand rupees, the duty payable under clause (a) and on the remainder, three rupees for every additional one thousand rupees or part thereof.
B.-- Revocation of,    
 
The same duty as a Bond fora sumequal to the amount or value of the prop- erty concerned but not exceeding the duty payable on Bond.
Warrant for Goods    
 Three rupees.

Stamp Duty in Andhra Pradesh

STAMP DUTY IN ANDHRA PRADESH
 
(For Exemptions and other details refer Schedule 1A of Indian Stamp Act, 1899 to applicable to Andhra Pradesh.)
 
Description of Instruments
Proper Stamp Duty
Acknowledgement
Twenty paise.
Administration- Bond

  1. where the amount does not exceed Rs. 1,000.
Three-fourths of the duty as a Bond for such amount.
in any other case.
Thirty rupees.


Adoption Deed,
Thirty-five rupees.
Affidavit
Ten rupees.
Agreement or Memorandum of an agreement--

(a) if relating to the sale of a bill of exchange.
One rupee.
(b) if relating to the sale of a Government security or share in an incorporated company or other body corporate.
Subject to a maximum of seventy-five rupees, fifty paise for every Rs. 10,000 or part thereof, of the value of the security or share.
Apprenticeship Deeds
Fifteen rupees.
Articles of Association of company
Three hundred rupees.
Award

(a) where the amount or value of the property to which the award relates, as set forth in such award, does not exceed Rs. 1,000;
The same duty as a Bottomry Bond for such amount.
(b) if it exceeds Rs. 1,000 but does not exceed Rs. 5,000
Fifty rupees.
and for every additional Rs.1,,000 or part thereof in excess of Rs. 5,000.
Two rupees subject to a maximum of two hundred rupees.
Agreement or Memorandum of an agreement --

(a) if relating to the sale of a bill of exchange.
One rupee.
(b) if relating to the sale of a Government security or share in an incorporated company or other body corporate.
Subject to a maximum of seventy-five rupees, fifty paise for every Rs. 10,000 or part thereof, of the value of the security or share.
Apprenticeship Deeds
Fifteen rupees.
Articles of Association of company
Three hundred rupees.
Award

(b) if it exceeds Rs. 1,000 but doesnot exceed Rs. 5,000
Fifty rupees.
and for every additional Rs. 1,,000 or part thereof in excess of Rs. 5,000.
Two rupees subject to a maximum of two hundred rupees.
Bond

(a) where the amount or value secured does not exceed Rs. 1,000;
Two rupees for every one hundred rupees or part thereof;
(b) where it exceeds Rs. 1,000.
The same duty as under Clause (a) for the first Rs. 1,000 and for every Rs. 500 or part thereof in excess of Rs. 1,000 fifteen rupees.
Bottomry Bond

(a) where the amount of value secured does not exceed Rs. 1,000;
Three rupees for every one hundred rupees or part thereof;
(b) where it exceeds Rs. 1,000.
The same duty as under Clause (a) for the first Rs. 1,000 And for every Rs. 5,00 or part thereof in excess of Rs. 1,000 fifteen rupees.
Cancellation,
Thirty rupees.
Charter party,
Five rupees.
A Chit Agreement
One rupee.
Composition
Thirty-five rupees
Conveyance
 
(a) where the amount of value of the consideration for such conveyance as set forth herein (or the market value of the property which is the subject-matter of the onveyance whichever is higher] does not exceed Rs. 50;
Two rupees fifty paise.
(b) where it exceeds Rs. 50, but does not exceed Rs. 1,000;
Five rupees for every one hundred rupees or part thereof.
(c) where It exceeds Rs. 1,000
 
The same duty as under Clause (b) for the first Rs. 1000 and for every Rs. 500 or part thereof in excess of Rs. 1,000 twenty-five rupees.
Copy or extract
 
(i) if the original was not chargeable with duty, or if the duty with which it was chargeable does not exceed two rupees fifty paise.
Ten rupees.
(ii) in any other case.
Twenty rupees.
Customs Bond—
 
(a) where the amount does not exceed Rs. 1,000.
The same duty as a Bottomry Bond for such amount.
(b) in any other case.
Thirty rupees.
Delivery order in respect of goods
Divorce, Instrument of, Entry as an Advocate on the roll of the Bar Council of Andhra Pradesh under the Advocates Act, 1971.
Twenty paise.
Five rupees.
Two hundred and
fifty rupees or if previously enrolled as
an Attorney in any
High Court one hundred and twenty five rupees.
Exchange of property—Instrumental
The same duty as a Conveyance for a consideration or market value equal to the market value of the property of greater value which is the subject-matter of the Exchange.
 
 
Gift-- Instrument of
The same duty as a Conveyance for a consideration or market value equal to the market value of the property, which is the subject-matter of the gift. The same duty as a Security Bond for the same amount.
Indemnity Bond
 
Lease including an under-lease or sublease and any agreement to let or sub-let.
 
(a) where by such lease the rent is fixed and no premium is paid or delivered.
The same duty as a Bottomry Bond for the whole amount Payable or deliverable under such lease.
(i) where the lease purports to be for a term of less than one year.
The same duty as Bottomry Bond for the amount or value of the average annual rent reserved.
(ii) where the lease purports to be for a term of not less than one year, but not more than five years;
The same duty as a conveyance for a consideration or market value equal to the amount or value of the average annual rent reserved.
(iii) where the lease purports to be for a term exceeding five years, but not exceeding ten years;
The same duty as a conveyance for a consideration or market value equal to twice the amount or value of the average annual rent reserved.
(iv) where the lease purports to be for a term exceeding ten years, but not exceeding twenty years;
The same duty as a Conveyance for a consideration or market value equal to three times the Amount or value of the average annual rent reserved.
(v) where the lease purports to be for a term exceeding twenty years, but not exceeding thirty years;
The same duty as a Conveyance for a consideration or market value equal to four times the Amount or value of the average annual rent reserved
(vi) where the lease purports to be for a term exceeding thirty years, but not exceeding one hundred years;
The same duty as a Conveyance for a consideration or market value equal to one-sixth of the whole amount of rents which would by paid or delivered in respect of the first fifty years of the lease.
(vii) where the lease purports to be for a term exceeding one hundred years or in perpetuity;
The same duty as a Conveyance for a consideration or market value equal to three times the amount or value of the average annual rent which would be paid or delivered for the first ten years if the lease continued so long.
(c) where the lease is granted for a line or premium or for money advanced in addition to rent reserved;
 
 
 

 
 
Consideration or market value equal to the amount or value of such fine or premium or advance as set forth in the lease, in addition to the duty which would have been payable on such lease, if no fine or premium or advance had been paid or delivered:
 
Provided that, in any case when an agreement to lease is stamped with the ad valorem stamp required for a lease and a lease in pursuance of such agreement is subsequently executed, the duty on such lease shall not exceed five rupees.
(d) where the lessee is to make over the improvements if any to the lessor, on termination of the lease falling under Clause (a), (b) or (c).
The same duty as Conveyance for value of the improvement contemplated to be made by the lessees as set forth in the deed in addition to the duty chargeable under Clause (a), (b) or (c)].
Letter of Allotment of shares in any company or proposed company, or in respect of any loan to be raised by any company or proposed company.
Thirty paise.
Letter of Licence, that is to say any agreement between a debtor and his creditors that the letter shall for a specified time, suspend their claims and allow the debtor to carry on business at his own discretion.
Thirty-five rupees.
Memorandum of Association of a Company
 
(a) if accompanied by articles of association under the Companies Act, 1956 (Central Act 1 of1956)
Two hundred rupees.
(b) if not so accompanied
Five hundred rupees.
Notarial act, that is to say, any instrument, endorsement, note, attestation, certificate or entry not being a protest made or signed by a Notary in the execution of the duties of his office or by any other person lawfully acting as a Notary.
Three rupees fifty paise.
Note or Memorandum sent by a broker or agent to his principal intimating the purchase or sale on account of such principal--
One rupee.
(a) of any goods exceeding in value twenty rupees;
Subject to a maximum of fifty rupees
(b) or any stock or marketable security exceeding in value twenty rupees.
fifty paise for every Rs. 10,000 or part thereof the value of the stock or security.
 
Two rupees.
Note of Protest by the Master of a Ship Partition-- Instrument of
The same duty as a Bottomry Bond for the amount of the market value of the separated share or shares of the property.
Partnership
 
A. Instrument of: --
 
(a) Where the Capital of the Partnership does not exceed Rs. 5,000
One hundred rupees.
(b) in any other case.
Three hundred rupees.
B. Dissolution of:--
 
 
 
Power of Attorney as defined by section 2 (21) not being a proxy--
Twenty rupees.
(a) when executed for the sole purpose of procuring the registration of one of more documents in relation to a single transaction of for admitting execution of one or more such documents;
Twenty rupees.
(b) when authorising one person or more to act in a single transaction other than the case mentioned in Clause (a);
Fifty rupees.
(c) when authorising not more than five persons to jointly and severally in more than one transaction or generally;
Seventy five rupees.
(d) when authorising more than five but not more than ten persons to act jointly and severally in more than one transaction or generally;
The same duty as a Conveyance for a Consideration or market value equal to the amount of the consideration. Twenty-five rupees for each person authorised.
(e) when given for consideration and authorising the attorney to sell any immovable property;
Five rupees for every one hundred ru pees or part thereof on the market value of the property.
(a) if the consideration for which the property was mortgaged does not exceed Rs. 1,000
Fifty rupees.
(b) in any other case.
The same duty as & Bottomry Bond for the amount of the loan secured.
Respondentia Bond
Settlement --

 
A, Instrument of (including a deed of dower)--
 
(a) settlement in favour of a member or members of a family.
The same duty as a Bottomry Bond for a sum equal to the amount or market value of the property settled as set forth in such settlement:
 
Provided that, where an agreement to settle is stamped with the stamp required for an instrument of settlement and an instrument of settlement in pursuance of such agreement is subsequently executed,
 
the duty on such instrument shall be the
 
duty as mentioned in Article 6. Six rupees for every hundred rupees or
Share warrant, to bearer issued under the Companies Act. 1956 (Central Act 1 of 1956).
One and a half times the duty payable on a Conveyance for a consideration or market value equal to the nominal amount of the shares specified on the warrant.
Shipping Order for or relating to the conveyance of goods on board on any vessel.
Twenty paise
Surrender of lease
 
(a) when the duty with which the lease is chargeable does not exceed thirty rupees;
The duty with which such lease is chargeable.
(b) in any other case.
Thirty rupees.
Transfer (whether with or without consideration)
 
(a)of debentures, being marketable securities whether the debenture is liable to duty or not. except debentures provided for by section 8.
One half of the duty payable on a conveyance for a consideration or market value equal to the face amount for the debenture.
(b) Of any interest secured by a bond, mortgage, deed or policy of insurance
 
(i) if the duty on such bond, mortgage, deed or policy of insurance does not exceed thirty rupees.
 
(ii) in any other case.
The duty with which such bond, mortgage, deed or policy of insurance is chargeable.
 
Thirty rupees.
(c) of any properly under the Administrators General Act, 1963 (Central Act 45 of 1963);
Thirty-five rupees.
(d) of any trust-property from one trustee to another trustee or from a trustee to a beneficiary.
Twenty rupees or such smaller amount as may be chargeable under Clauses (a) and (b) of this Article.
Transfer of lease by way of assignment and not by way of under-lease.
The same duty as a Conveyance for a consideration or market value equal to the amount of the consideration for the transfer
Trust
 
A. Declaration of, or, concerning any property when made by in writing, not being a will or declaration as provided in section 2 (24).
The same duty as a Conveyance for sum equal to the amount or value of the property concerned, as set forth in the instrument; but not exceeding two hundred rupees.
B. Revocation of, or, concerning, any property when made by any instrument other than a will.
The same duty as a Conveyance for a sum equal to the amount or value of the property concerned, as set forth in the instrument, but not exceeding one hundred rupees. One rupee fifty paise.

Stamp Duty on Instruments as Applicable in The State of Gujrat

STAMP DUTY ON INSTRUMENTS AS APPLICABLE IN THE STATE OF GUJARAT

(See Section 3)

[As amended by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001]
 

Description of Instrument Proper Stamp-duty
1.



 


ACKNO WLEDGEMENT of a debt exceeding twenty rupees in amounts or value written or signed by, or on behalf of, a debtor in order to supply evidence of such debt in any book (other than a banker's pass book) or on a separate piece of paper when such book or paper is left in the creditor's possession;
Fifty paise
 Provided that such acknowledgement does not contain any promise to pay the debt or any stipulation to pay interest or to deliver any goods or other property.     
 
2.ADMINISTRATION -BOND, including a bond given under the Indian Succession Act, 1925 (XXXIX of 1925) or section 6 of the Government Saving Banks Act, 1873, (v of 1873) 
Subject to a maximin of One hundred Rupees, four rupees for every hundred rupees or pait thereof of the value of the bond.
3.



ADOPTION -DEED, that is to say any instrument (other than a will) recording an adoption or conferring of purporting to confer an authority to adopt. 
Fifty rupees
4.
   


AFFIDAVIT, including an affirmation of declaration in the case of persons by law allowed to affirm or declare instead of swearing.
Twenty Rupees
  Exemptions
 
 Affidavit to declaration in writing when made-
 
 (a) as a condition of enrolment under the Army Act, 1950 (XLVI of 1950) or the Air Force Act, 1950; (XLV of 1950) 
 
 (b) for the immediate purpose of being field or used in any Court or before the officer of any court; or
 
 (c) for the sole purpose of enabling any person to receive any pension or charitable allowance.
 
5. 

AGREEMENT OR MEMORANDUM OF AN AGREEMENT' OR ITS RECORDS
 
 (a) if relatiing to the sale of a bill of exchange;
Fifty paise
 (b) if relating to the purchase or sale of a Government security;
Subject to a maximum of forty rupees, twenty five paise for every rupees 10,000 or part thereof of the value of the security at the time of its purchase or sale, as the case may be.
  (c) if relating to the purchase or sale of shares, scrips, stocks, bonds, debentures, stocks or any other marketable security of a like nature in or of any incorporated company or other body corporate-
 
  (i) when such agreement or memorandum of an agreement is with or through a member or between members of a Stock Exchange recognised under the Securities Contracts (Regulation) Act, 1956; (XLII of 1956.)
In the case of forward contracts relating to the purchase or sale of securities.

(a) where that value of the Security at the time of its purchase or sale, as the case may be, does not exceed Rs. 2,500, twenty paise;
   (b) where such value exceeds Rs. 2,500 thirty five paise for every 5,000 or part thereof.
  (ii) in other cases;
Fifty paise on every Rs. 25,00 or pait thereof of the value of the security at the time of its paichase or sale as the case may be.
  (d) if relating to the purchase or sale of cotton including cotton pods or kapas (unginned cotton).

(e) if relating to the purchase or sale of bullion or specie;
Twenty five paise for every unit of transaction or part thereof

(a) Ten paise for every unit of 10 Kilogram of Silver or Part tehreof.

(b) Forty paise for every unit of 1 kilogram of gold or part thereof

(c) Seventy five paise for every unit of 250 sovreigns or part thereof.
  (f) if relating to purchase or sale of oil seeds;
Such rate not exceeding –

(i) Fifty paise for every 5,000 kilograms of oilseeds or part thereof, where the unit is 5,000 kilograms,

(ii) One rupee for every 10,000 kilograms of oil seeds or part thereof, where the unit is 10,000 kilograms, or

(iii) Two rupees for every 25,000 kilograms of oilseeds or part thereof where the unit is 25,000 kilograms.

as may be specified by the State Government by notification in the official Gazette.
  (g) if relating to the purchase or sale of yarn or any kind, non - mineral oils or spices of any kind;

(1) In the case of yarn and spices such rale not exceeding one rupee for cvey Rs. 25,00 or part thereof of the value of yarn of any kind or spices of any kind as may be specified by the State Government by notification in the Official Gazette.

(2) In the case of groundnut oil or any other non-mineral oil such rate not exceeding

(i) twenty five paise for every unit of 100 tins of such oil or part thereof, where the unit of transaction is 100 tins, each containing a quantity of oil weighing approximately 16.50 kilograms, or
  (ii) fifty paise for every 5,000 kilograms of such oil or part thereof where the unit is 5,000 kilograms, or

(iii) one rupee for evey 10,000 kilograms of such oil or part thereof, where the unit is 10,000 kilograms, or

(iv) Two rupees and twenty five paise for every 25,000 kilograms of such oil part thereof, where the unit is 25,000 kilograms, as may be specified by the State Government by notification in the Official Gazette.
  1(ga) if relating to giving authority or power to a promoter or a developer; by whatever name called, for construction on; or development of, or sale or transfer (in any manner whatsoever) of, any immovable property.
One rupee for every hundred rupees or part thereof of the market value of the property which is the subject matter of such agreement;
   PROVIDED that the provisions of section 32A shall, mutatis mutandis, apply to such agreement, memorandum or records thereof or as they apply to an instrument under that section:
   PROVIDED further that if the proper stamp duty is paid under clause (g) of article 45 on a power of attorney executed between the same parties in respect of the same property, then the stamp duty under this article shall be fifty rupees.
  2[(gb) if relating to advertisement on readio, television, cinema, cable network or any media other than newspapers. 

(h) if not otherwise provided for
Subject to maximum of twenty-five thousand rupees, twenty-five paise for every hundred rupees or part thereof on the amount of consideration of such agreement.]

Fifty Rupees.
     


Exemption

Agreement or Memorandum of Agreement, or its records

(a) for or relating to the purchase or sale of goods or merchandise exclusively, not being an agreement or memorandum of agreement chargebale under entry (d) entry (e), entry (1) or entry (g) of this Article or a note or memorandum chargebale under Article 40;
 
 (b) made in the from of tenders to the Central Government for or relating to any loan.
 
 Explanation- For the purposes of entry (d) of this article unit of transaction means the quantity of cotton weighing approximately 4,500 kilograms. 
 
 AGREEMENT TO LEASE:- (See Lease No. 30)
 
6.
AGREEMENT OR MEMORANDUM OF AGREEMENT RELATING TO DEPOSIT OF TITLE DEEDS, PAWN, PLEDGE OR HYPOTHECATION, that is to say any instrument evidencing an agreement or memorandum of agreement relating to-
 
  (1) the deposit of title deeds or instruments constituting or being evience of the title to any porperty whatever (other than a marketable security), where such deposit has been made by way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt-
 
  (a) if such loan or debt is repayable on demand or more than three months from the date of the instrument evidencing the agreement-

(i) where the amount of loan or debt does not exceed Rs. 15,00,000

(ii) where it exceeds Rs. 15,00,000








Fifty paise for every hundred rupees or part thereof.

Subject to maximum of one lakh rupees one rupee for every hundred rupees or part thereof.
 
  (b) if such loan or debt is repayable not more than three months form the date of such instrument
Half the duty payable under sub-clause (a).
  (2) the pawn Or pledge or hypothecation of movable property, where such pawn, pledge or hypothecation has been made by way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt-
 
        

(i) where the amount of loan or debt does not exceed Rs.5,00,000
Nil
 (ii) where it exceeds Rs.5,00,000
   


Subject to maximum of two lakhs rupees, ftwenty paise for every hundred rupees or part thereof 
7.
ALTERATION OF ARTICLES OF ASSOCIATION of a Company under section 97 of the Companies Act, 1956, (1 of 1956) in consequence of increase of the company's share capital Instrument of 
A sum equal to the duty that would have been leviable under Article 12 as though the company's nominal share capital had been when the company was formed, equal to the total share capital so increased, less the sum already paid under Article 12.
 Exemption Instrument of alteration of article of any association not formed for profit and registered under section 25 of the Companies Act, 1956. (1 of 1956). 
 
8.
ALTERATION OF MEMORANDUM OF ASSOCIATION of Company, under section 97 of the Companies Act, 1956, (1 of 1956.) in consequence of increase of company's share capital, Instalment of-
 
 (a) if the memorandum of association has been accompanied under section 26 of the Companies Act, 1956 (1 of 1956) by articles of association on the alteration of which duty is paid under article 7; 
Nil
 (b) if the memorandum of association has not been so accompanied and the duty is not so paid;
The same duty as is leviable on the memorandum of association under clause (b) of Article 35 as though the company's share capital, when the company was formed, had been equal to the total share capital so increased, less the sum already paid under the said caluse (b).
 Exemption Instrument of alteration of memorandum of any association not fromed for profit and registered under section 25 of the Companies Act, 1956 (1 of 1956). 
 
9.
APPOINTMENT IN EXECUTION OF A POWER;

where made by any writing not being a will-

(a) of trustees


(b) of property movable or immovable







One hundred rupees.

Two hundered and Fifty rupees. 
10.APPRAISEMENT OR VALUATION made otherwise than under an order of the Court in the course of a suit. 
Subject to a maximum of One Hundred rupees, four rupees for every hundred rupees or pail thereof.
  Exemptions

(a) Appraisement or valuation made for the information of one party only, and not being in any manner obligatory between parties either by agreement or operation of law.

(b) Appraisement of crops for purpose of ascertaining the amount to be given to a landlord as rent.
 
11.
APPRENTICESHIP- DEED, including every writing relating to the service or tution of any apprentice, clerk or servant, placed with any master to learn any profession, trade or emploment. 
Fifity rupees.
  Exemption 
  Instrument of apprenticeship by which a person is apprenticed by or at the charge of any public charity.
12.   

 
ARTICLES OF ASSOCIATION OF A COMPANY-
 
[Clauses (a) to (g) up to 31-7-98]
  (a) where the company has no capital or the nominal share capital does not exceed Rs. 1,00,000.Five hundred rupees
  (b) Where the nominal share capital exceeds Rs. 1,00,000 but does not exceed Rs. 5,00,000. Two thousand rupees
  (c) Where the nominal share capital exceeds Rs. 5,00,000 but does not exceed Rs. 15,00,000.
Five Thousand rupees.
  (d) Where the nominal share capital exceeds Rs. 15,00,000 but does not exceed Rs. 30,00,000.
Nine thousand rupees.
  (e) Where the nominal share capital exceeds Rs. 30,00,000 but does not exceed Rs. 50,00,000.
Fifteen thousand rupees.
  (f) Where the nominal capital exceeds Rs. 50,00,000 but does not exceed Rs. 1,00,00,000.
Twenty thousand rupees.
  (g) Where the nominal share capital exceeds Rs. 1,00,00,000 Thirty thousand rupees.
  Form 1-8-98 following substituted for

Where the Company has no share capital or nominal share capital.
clauses (a) to (g).

Subject to minimum of one thousand rupees and maximum of five lakhs rupees, fifteen paise for every hundred rupees or part thereof.
 
Exemptions

Articles of Association of any company not formed for profit and registered under section 25 of the companies Act, 1956. (1 of 1956).

  See: also Memorandum of Association (No. 35).
  ASSIGNMENT See Conveyance (No. 20), Transfer (No. 56) and Transferor Lease (No. 57) as the case may be.
  ATTORNEY, See Power of Attorney (No. 45). 

  AUTHORITY TO ADOPT,

See Adoption Deed (No. 3).

13.
    
AWARD, that is to say, any decision in writing by an arbitrator or umpire, not being an award directing a partition on a reference made otherwise than by an order of the Court in the course of a suit. The same duty as a Bond (No. 14) for the amount or value of the property to which the award relates subject to a maximum of forty rupees.
  Exemption 
  Award under the Gujarat Municipalities Act, 1963 (Guj. 34 of 1964) section 268 or the Bombay Hereditary Offices Act, 1874, (Bom. III of 1874.) section 18.
14.
    
BOND as defind by section 2(c) not being a debenture and not being otherwise provided for by this Act, or by the Bombay Court fees Act, 1959. (Bom. CXXVI of 1959). Six rupees for every Rs. 100 or pail thereof of the amount or value secured by the bond.

See Administration Bond (No.2), Bottomry Bond (No. 15) Customs Bond or Excise Bond (No. 23), Indemnity Bond (No.29) Respondentia Bond (No.50), Security Bond (No.51),

Exemption

Bond when executed by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per mensurn.
15.BOTTOMRY BOND, that is to say, any instrument whereby the master of a sea - going ship borrows money on the security of the ship to enable him to preserve the ship or prosecute her voyage. The same duty as a Bond (No. 14) for the same amount.
16.CANCELLATION- Instrument of (including any insturinent by which any instrument previously executed is cancelled), if attested and not otherwise provided for.

See also Ralease (No.49), Revocation of Settlement (No 52-B), Surrender of Lease (No.55), Ravocation of Trust (No. 58-B). 
Fifty rupees.
17.
      


CERTIFICATE OF SALE- (in respect of each property put up as a separate lot and sold) granted to the purchaser of any property sold by public auction by a Civil or Ra venue Court or Collector or other Revenue Officer or by an officer, of Customs:- The same duly as is leviable oh a conveyance under Article 20 for a market value equal to the amount of she purchase money.
18.
   


CERTIFICATE OR OTHER DOCUMENT, evidencing the right or title of the holder thereof, or any other person either to any share, scrip or stock in or any incorporated company, or olher body corporate, or to become proprietor of shares, scrip or stock, in or of any such company or body.See also Letter of Allotment of Shares (No. 31).     Two rupee
18A.
      


(1) CLEARANCE LIST,- relating to the transactions for the purchase or sate of Government securities submitted to the clearing house of a stock exchange. The sum of duties payable under Article 5 (b) or 39 (g), as the case may be in respect of each of the entries in such list on the value of the securities calculated at the making up price or the contract price, as the case may be.

(2) CLEARANCE LIST,- relating to the transactions for the purchase or sale of a share, script, stock, bond, debenture, debenture - stock or other marketable security of a like nature in or of an incorporated company or other body corporate submitted to the clearing house of a stock exchange whether recogised or not under the Securities Contracts (Ragulation) Act, 1956 XLII of 1956   
The sum of duties payble under Article 5 (e) (i) or 39 (1), as the ease may be, in respect of each of the entries in such list on the value of the securities calculated at the making up price or the contract price, as the case may be.
18B.
       


CLEARANCE LIST,- relating to transactions for the purchase or sale of cotton submitted to the clearing house of a Cotton Association. The sum of duties payable under Article 5 (d) or 39 (a), as the case may be in respect of each of the entries in such list on the units of transaction or part thereof.
18C.
     


CLEARANCE LIST,- relating to the transactions for the purchase or sale of bullion or species submitted to the clearing house of a Bullion Association. 
The sum of duties payable under Article 5 (e) or 39 (b), as the case may be, in respect of the entries in such list on the units of transaction or part thereof.
18D.
      


CLEARANCE LIST,- relating to the transactions for the purchase or sale of oil seeds submitted to the clearing house of oil seed Association. The sum of duties payable under Article 5 (f) or 39 (c), as the case may be, in respect of the entries in such list on the units of transaction or part thereof.
18E.
       


CLEARANCE LIST,- relating to the transactions for the purchase or sale of yarn of any kind, non mineral oil or spices of any kind. The sum of duties payable under Article 5 (g) or 39 (d), as the case may be, in respect of the entries in such list on the units of transaction or part thereof.)
19.
       


COMPOSITION -DEED,- that is to say, any instrument executed by a debtor whereby he conveys his property for the benefit of his creditors or whereby payment of a composition or dividend on their debts is secured to the creditors, or whereby provison is made for the continuance of the debtor's business, under the supervision of inspectors or under letters of licence for the benefit of his creditors. one hundred rupees
20.
   



 
   


3[(aa) CONVEYANCE, not being a transfer charged or exempted under article 56, relating to movable property. Two rupees for every hundred ruppes or part thereof of the amount of the consideration for such conveyance or, as the case may be, the market value of the property which is the subject matter of such conveyance whichever is greater.]

(a) CONVEYANCE, not beting a transfer charged or exempted 4[under Article No. 56. relating to immovable property.]

Exemption Assignment of copy-right by entry made under the Copyright Act, 1957.(XIV of 1957.)
Eight rupees for every Rs. 100 or part thereof of the amount of the consideration for such conveyance or, as the case may be, the market value of the property which is the subject matter of such conveyance whichever is greater.

(b) CONVEYANCE (not being a transfer charged or exempted under Article No.56) so far as it relates to premises of a co-operative society registered or deemed to have been registered under the Gujarat Co-operative Societies Act, 1961 (Guj. X of 1962) by such society in favour of its member (whether in consequence of purchase of. its shares or not) or by such member in favour of another member (whether in consequence of transfer of his shares to another member or not) Eight rupees for every Rs. 100 or part thereof of the consideration for such conveyance or, as the case may be, the market value of the property which is the subject matter of such conveyance whichever is greater.

(c) CONVEYANCE (not being a transfer charged or exempted under Article No.56) of the property which is subject matter of the conveyance so far it relates to premises–

(i) of a Corporation fromed and registered under the Bombay Non-Trading Corporation Act, 1959; (Bom. xxvi of 1959); or
The same duty as is leviable under article 20 (b);

(ii) of a Board constituted under the Gujarat Housing Board Act, 1961, (Guj . xviii of 1961) or the Gujarat Rural Housing Board Act, 1972; (Guj. 22 of 1972); or


(iii) to which provisions of the Gujarat Owneship Flats Act, 1973 apply by such Corporation, Board, Society, Company or, as the case may be, Association in favour of its member or as the case may be, allotee (whether in consequence of purchase of his share or not) or by, such member or, as the case may be allottee in favour of another member or allottee (whether in consequence of transfer of his share to another member or as the case may be, allottee or not


6[(cc) CONVEYANCE, (not being a transfer charged or exempted under article No. 56) if relating to both movable and immovable property. The stamp duty is payable under clause (a) or (aa), as the case may be.";]

5[(d) CONVEYANCE, so far as it relates to reconstruction or amalgamation of companies by an order of the High Court under section 394 of the Companies Act, 1956(1 of 1956)

 
   
Subject to maximum of ten crores rupees

(i) an amount equal to 0.75 per cent, of the agreegate amount comprising of the market value of share issued or allotted in exchange of or otherwise, or the face value of such shares, whichever is higher and the amount of consideration, if any, paid for such amalgamation, or

(ii) an amount equal to 0.75 per cent, of the true market value of the immovable property situated in the State of Gujarat of the transferor company.

Whichever is higher.

Explanation I- For the purpose of this Article, an agreements to sell an immovale property or an irrevocable power of attorney shall, in case of transfer of the possession of such property before, at the time of, or after the execution of such agreement or power of attorney, be deemed to be a conveyance and the stamp duty thereon shall be chargeable accordingly:


Provided that the provisions of section 32- A shall apply mutatis mutandis to such agreement or power of attorney as arc applicable to a conveyance:

Provided further that where subsequently a conveyance is executed in persuance of such agreement of sale, or an irrevocable power of Attorney, the stamp duty, if any, already paid and recovered on the agreement of sale or an irrevocable power of Attorney which is deemed to be a conveyance, shall be adjusted towards the total duty leviable on the conveyance.


Explanation II- For the purposes of this Article, the expression "premises" means any land or building or part of a building including any flat, apartment, tenement, shop or warehouse therein and includes;-

(i) gardens, grounds and out houses, if any, apertaining to such building or part of a building, and

(ii) any fittings affixed to such building or part of a building for the more beneficial enjoyment thereof.

Explanation III- for the purpose of clause (d), the market value of share-

(a) in relation of the transferee company whose shares are listed and quoted for trading on a stock exchange, means the market value of share as on the appointed date mentioned in the scheme of amalgamation or when appointed date is not so fixed, the date of order of the High court.

(b) In relation to the transferee company, whose shares are not listed or listed but not quoted for trading on a stock exchange means the market value of the share issued or allotted with reference to the market value of share of the transferor company,

(c) Where the transferee company and transferor company, whose shares are not list or not listed but not quoted for trading on stock exchange means the face value of the share issued or alloted with reference to the face value of share of the transferee company.

21.
  


COPY OR EXTRACT, certified to be a true copy or extract by or by order of any public officer and not chargeable under the law for the time being in force relating to court fees.   
Twenty rupees.

Exemptions

(a) Copy of any paper which a public officer is expressly required by law to make or furnish for record in any public office or for any public purpose.

(b) Copy of, or extract from any register relating to births, bapitisms, namings, dedications, marriages, tli-vorces, deaths or burials.

22.
   




COUNTERPART OR DUPLICATE of any instrument chargeable with duty and in respect of which the proper duty has been paid.

Exemption

Counterpart of any lease granted to cultivator when such lease is cxmpted from duty.  
The same duty as is payable on the original subject to a maximum of Fifty rupees.
23.
       


CUSTOMS BOND OR EXCISE BOND, that is to say, any bond given pursuant to the provisions of any law for the time being in force or to the directions of any officer of Customs or Excise for, or in respect of, any of the duties of Customs or Excise or for preventing frauds or evasions thereof or for any other matter or thing relating thereto.Subject to a maximum of One hundred rupees, four rupees for every Rs. 100 or part thereof the amout of bond.

DECLARATION OF ANY TRUST,

See Trust (No. 58)

24.
       


DELIVERY ORDER IN RESPECT OF GOODS, that is to say, any instrument entitling any person therein named or his assigns or the holder thereof, to the delivery of any goods lying in any dock or port, in any warehouse in which goods are stored, or deposited on rent or hire, or upon any wharf, such instrument being signed by or on behalf of the owner of such goods upon the sale or transfer of the property therein when such goods exceed in value twenty rupees.Twenty rupees

DEPOSIT OF TITLE - DEEDS-

See Agreement relating to Deposit of Title Deeds, Pawn or pledge (No. 6)


DISSOLUTION OF PARTNER-SHIP-

See Patnership (No. 44)

25.DIVORCE, Instrument of, that is to say, any instrument by which any person effects the dissolution of his marriage. Five hundred rupees

DOWER-Instrument of, See Settlement (No. 52) 


DUPLICATE, See Counterpart (No. 22).
  
  1. Inserted by Guj. Act. No. 19 of 2001 w.e.f. 1-9-01.
  2. Inserted by the Bombay Stamp (Guj. Amendment). Act. 2002 w.e.f. 1-4-2002.
  3. Inserted by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001.
  4. Substituted for the words "under article No. 56" by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001.
  5. Substituted by the Bombay Stamp (Guj. Amendment) Act, 2002 w.e.f. 1-4-2002.
  6. Inserted by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001.
  7. Substituted by Gub. Act. No. 19 of 2001 w.e.f. 1-9-2001.
  8. Substituted for the words "The Same Duty as a Bond (No. 14) by the Bombay Stamp (Guj. Amendment). Act. 2002 w.e.f. 1-4-2002.
  9. Explanation II and III Deleted by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001.
  10. Substituted for "(g)" by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001.

Stamp Duty on Instruments as Applicable in The State of Gujrat

STAMP DUTY ON INSTRUMENTS AS APPLICABLE IN THE STATE OF GUJARAT

(See Section 3)

[As amended by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001]


Description of Instrument Proper Stamp-duty
26. 
EXCHANGE OF PROPERTY- Instalment of- 
The same duty as is leviable on a conveyance under article 20 on the market
  EXCISE BOND, See Customs Bond or Excise Bond (No. 23) 
value of the property of the greatest value.
27.
    
 
FURTHER CHARGE,- Instrument of, that is to say, any instrument imposing a further charge on mortgaged property-  
 
  (a) When the original mortgage is one of the description referred to in calcuse (a) of Article 36 (that is, with possession).
The same duty as is leviable on a conveyance under Article 20 (a) for the amount of further charge secured by such instrument.
  (b) when such mortgage is one of the description referred to in clause (b) of Article 36 (that is, without possession)-
 
  (i) if at the time of execution of the instrument of further charge possession of the property is given under such instrument.
Eight rupees for every Rs. 1 (X) or part thereof for the total amount of the charge (including the original mortgage and any further charge already made) less the duty already paid on such original mortgage and further charge.
  7[(ii) if possession is not so given.
   


Subject to maximum of two lakhs rupees, two rupees for every hundered rupees or part thereof, for the amount of the further charge secured by such instrument." 
28.
       


GIFT-Instrument of not being a Settlement (No. 52) or Will or Transfer No. (56)
The same duty as is leviable on a conveyance under article 20 market value of the property which is the subject-matter of the gift.
   Provided that where an instrument of gift contains any provision for the revocation of the gift the value of the property which is the subject matter of the gift shall, for the purposes of duty, be determined as if no such provision were contained in the instrument.
 HIRING AGREEMENT or agreement for service. (See Agreement No. 5)
 
29.
   


   


INDEMNITY BOND.

INSPECTORSHIP-DEED.


See Composition Deed (NO. 19)
Subject to maximum of 0ne hundred rupees, six rupees for every Rs. 100 or part thereof the amount secured. 
30.
    
LEASE, including an under lease or sub-lease and any agreement to let or sub -let.-
 
 (a) Where by such lease the rent is fixed and no premium is paid or delivered.
 
  (i) Where the lease purports to be for a term of less than one year.
8[One Rupee for every hundred rupees, or part thereof] or the whole amount payable or deliverable under such lease.
  (ii) Where the lease purports to be for a term of not less than one year but not more than three years;
   

 
8[Three Rupee for every hundred rupees, or part thereof] for the amount or value of the average annual rent reserved.

(iii) Where the lease purports to be for a term in excess of three years but not more than ten years; The same duty as is leviable on a conveyance under Article 20 for the amount or value of the average annual rent reserved.
  (iv) Where the lease purports to be tor a term in excess of ten years but not more than thirty years;
   


The same duty as is leviable on a conveyance under Article 20 for twice the amount or value of the average annual rent reserved. 
  (v) Where the lease purports to be for a term in excess of thirty years but not more than ninety eight years;
   


The same duty as is leviable on a conveyance under Article 20 for thrice the amount or value of the average annual rent reserved. 
  (vi) Where the lease purports to be for a term in excess of ninety eight years;
   


The same duly as is leviable on a conveyance under Article 20 for five times the amount or value of the average annual rent reserved.
 (vii) Where the lease purports to be in perpetuity;

 
   


The same duty as is leviable on a conveyance under Article 20 for one fifth of the whole amout or rents which would be paid or delivered in respect of the first fifty years of the lease. 
 (viii) Where the lease does not purports to be for any definite term;

 
   


The same duty as is leviale on a conveyance under Article 20 for the amount or value of the average annual rent which would be paid or delivered for the first ten years if the lease continued so long. 
  (b) where the lease is granted for a fine or premium or for money advanced or to be advanced and where no rent is reserved.
   


The same duty as is leviable on a conveyence under Article 20 for the amount or value of such fine or premium or advances as set forth in the lease.
 (c) Where the lease is granted for a fine or premium or for money advanced or to be advanced in addition to rent reserved  

The same duty as is leviable on a conveyence under Article 20 for the amount or value of such fine or premium or advance as set forth in the lease, in addition to the duty which would have been payable on such lease if no fine or premium or advance had been paid or delivered. Provided that, in any case where an agreement to lease is stamped with advalorem stamp required for a lease and a lease in pursuance of such agreement, is subsequently executed, the duty on such lease shall not exceed ten rupees. 
 (d) Where the lease relates to movable property. 


Two rupees for every hundred rupees of pait thereof on the amount of average annual rent plus the total amount of fine or premium or money advanced or to be advanced, irrespective of the period for which such lease or agreement to lease is executed.
  Explanation I   
  Rent paid in advance shall be deemed to be premium or money advanced within the meaning of this article unless it is specifically provided in the lease that rent paid in advance will be set off towards the last instalment or instalments of rent. 
 
 Explanation II 
  When a lessee undertakes to pay any recurring charge such as Government revenue, landlord's share of ceses, or the owner's share of municipal rates of taxes, which is by law recoverable from the lessor, the amount so agreed to be paid by the lessee, shall be deemed to be part of the rent. 
 
2[30A.
   



 
   


LEAVE AND LICENCE AGREEMENTrelating to immovable property other than the residential property.
Fifty paise for every hundred rupees or part thereof on the whole amount payable or deliverable plus the total amount of fine or premium or money advanced or to be advanced irrespective of the period for which such leave and licence agreement is executed.] 
31. 


 

 
   
LETTER OF ALLOTMENT OR RENUNCIATION OF SHARES, in any company or proposed company, or in respect of any loan to be raised by any compnay or proposed compnay. Two rupee.
 See also Certificate or other Document (No. 18)
 
32.        LETTER OF GUARANTEE. 
Sixty rupees. 
33.
       


LETTER OF LICENCE, that is to say, any agreement between a debtor and his cerditors, that the latter shall, for a specified time, suspend their claims and allow the dedtor to carry on business at his own discretion. Fifty rupees.
34. MARRIAGE REGISTRATION
Two hundred and fifty rupee 
35.
MEMORANDUM OF ASSOCIATION OF A COMPANY. 
 
  (a) if accompanied by articles of association under section 26 of the Companies Act, 1956. (I of 1956)
one thousand rupees.
  (b) if not so accompanied Exemption
The same duty as is leviable on article of Association under Article 12 according to the share capital of the company.
  Memorandum of any association not formed for profit and registered under section 25 of the Companies Act, 1956 (1 of 1956.)
 
36.
   


 
   


MORTGAGE-DEED, not being an Agreement relating to Deposit of Title-Deeds, Pawn or Pledge (No. 6), Botomry Bond (No. 15), Mortagage of a Corp (No. 37), Respondentia Bond (No. 50) or Security Bond (No. 51), 
 
 (a) when possession of the property or any part of the property comprised in such deed is xxxx given, or is agreed to be given, by the mortgagor. Clause (b) & Explanation up to 31-7-98 
The same duty as is leviable on a conveyance under clause (a) of Article 20 for the amount secured by such deed.
 (b) When possession of the property or any part of the property comprised in such deed is not given or not agreed to be given.    


Subject to maximum of rupees two lakhs, two rupees for every hundered rupees or part thereof for the amount secured by such deed." 
 Explanation- A mortgagor who gives to the mortgage a power of attorney to collect rents or a lease of the property mortgaged or part thereof, is deemed to give possession within the meaning of this Article.clause (b) & Explanation w.e.f. 1-8-98. 
 
 (b) When possession of the property or any part of the property comprised in such deed is not given or not agreed to be given,-
 
 (i) in the case of such deed executed by the Industrial Undertaking in favour of any Financial Institution for borrowing loans from such Institutions    


Subject to maximum of rupees two lakhs, two rupees for every hundred rupees or part thereof for the amount secured by such deed. 
 (ii) in any other case    


Three rupees for every one hundred rupees or part thereof for the amount secured by such deed. 
 Explanation I- A mortgagor who gives to the mortgage a power of attorney to collect rents or a lease of the property mortgaged or part thereof, is deemed to give possession within the meaning of this Article9[xxx]
 
 (c) when a collateral or auxiliary or additional or substituted security, or by way of further assurance for the above mentioned purpose where the principal or primary security is duly stamped.Five mpees for every sum Rs. 1000 secured or part thereof. 
 
Exemptions
   
(1) Instrument executed by persons taking advances under the Land Improvement Loans Act, 1883 (XIX of 1883.) or the Agriculturists’ Loans Act, 1884, (XII of 1884.) or by their sureties as security for the repayment of such advances.

(2) Letter of hypothecation accompanying a bill of exchange. 
 
37.  MORTGAGE OF A CROP, including any instrument evidencing an agreement to secure the repayment of a loan made upon any mortgage of a crop whether the crop is or is not in existence at the time of mortgage-







 (a) when the loan is repayable not more than three months from the date of the instrument,Twenty five paise for every sum of Rs. 100 or part thereof secured by such mortgage.
 (b) When the loan is repayable more than three months but not more than eighteen months from the date of the instrument.One rupee for every sum of Rs. 100 or part thereof secured by such mortgage.
38.
      

 
NOTARIAL ACT, that is to say, any instrument, endorsement, note, attestation, certificate or entry not being a Protest (No. 46) made or signed by a Notary in the execution of the duties of his office, or by any other person lawfully acting as a Notary. Twenty rupee.
 See also Protest of Bill or Note (No. 46) 
39.
     
NOTE OR MEMORANDUM, sent by a Broker or Agent to his principal intimating the purchase or sale on account of such principal- 
 (a) of cotton moulding cotton pods or Kapas (Unginned Cotton)Twenty five paise for every unit of transaction or part thereof
 (b) of bullion or specie(a) Ten paise for every unit of 10 kilograms of silver or part thereof.

(b) Forty paise for every unit of 1 kilogram of gold or part thereof.

(c) Seventy five paise for every unit of 250 sovereings or part thereof.
 (c) of oil-seedsSuch rate not exceeding-

(i) Fifty paise for every 5,000 kilograms of oil seed or part thereof, where the unit is 5,000 kilograms, or

(ii) One rupee for every 10,000 kilograms of oilseeds or part thereof where the unit is 10,000 kilograms, or

(iii) Two rupees for every 25,000 kilograms of oilseeds or part thereof where the units is 25,000 kilograms, as may be specified by the State Government by notification in the official Gazette.
 (d) of yarn of any kind, non-mineral oil or spices of any kind.(1) In the case of yarn and spices, such rate not exceeding one rupee for every Rs, 2,500 or part thereof the value of yarn of any kind or spices of any kind as may be specified by the State Government by* notification in the Official Gazette.

(2) In the case of groundnut oil or any other - non-mineral oil such rate not exceeding.

(i) twenty five paise for every unit of 100 tins of such oil or part thereof, where the unit of transaction is 100 tins, each containing a quantity of oil weighing approximately 16.50 kilogram,s or

(ii) fifty paise for every 5,000 kilograms of, such oil or part thereof, where the unit is 5,000 kilograms, or

(iii) one rupee for every 10,000 kilograms of such oil or part thereof where the unit is 10,000 kilograms, or
 
(iv) Two rupees and twenty five paise for every 25,000 kilograms of such oil or part thereof where the unit is 25,000 kilograms.

as may be specified by the State Government by notification in the Official Gazette,
 (e) Of any other goods exceeding in value twenty rupees.     Fifty paise.
 (f) of any share, scrip, stock bond, debenture stock or other marketable security of a like nature exceeding in value twenty rupees, not being a Government security.    
(1) In the case of forward contracts relating to the purchase or sale of securities, thirty five paise for every Rs. 5,000 or part thereof of the value of the security at the time of its purchase or sale, as the case may be.

(2) In any othercase, twenty paise for every Rs. 2,500 or part thereof of the value of the security at the time of its purchase or sale, as the case may be.
 (g) of a Government securitySubject to a maximum of forty rupees, twenty five paise for every 10,000 rupees or part thereof of the value of the security at the time of its purchase or sale, as the case may be.
 Explanation- For the purpose of entry (a) of this Article unit of transaction means the quantity of cotton weighing approximately 4,500 kilograms. 
40.
       


NOTE or ENTRY in records made or a LETTER written BY CREDITOR, relating to the deposit of title deeds to serve as evidence of the title to any property whatsoever (other than marketable security) where there is no agreement of memorandum of agreement relating to deposit of such title deeds. The same duty as AGREEMENT RELATING TO DEPOSIT OF TITLE DEEDS (No. 6)
41.
      


NOTE FOR PROTEST BY THE MASTER OF A SHIP- See also protest by the Master of a ship (No. 47). Twenty rupees
42.
   
ORDER FOR THE PAYMENT OF MONEY not being a Bill of Exchange within the meaning of the INDIAN STAMP ACT, 1899. (II of 1899.)- 

(a) Where payable otherwise than on demand but not more than one year after date or sight.


(b) Where payable at more than one year after date or sight.
One rupee for every Rs. 1,000 or part thereof the amount of bill or note.

The same duty as a Bond (No. 14) for the same amount.
43.
   
PARTITIONED- Instrument of as defined by section 2(m).The same duty as a Bond (no. 14) for the amount of the market value of the separated share of shares of the property. N.B. : The largest share remaining, after the property is partitioned (or, if there are two or more shares of equal value and not smaller than any of the other shares, than one of such equal shares) shall be deemed to be that from which the other shares are separated;

Provided always that-

(a) when an instrument of partition containing an agreement to divide property in severally is executed and a partition is effected in pursuance of such agreement, the duty chargeable upon the instrument effecting such partition shall be reduced by the amount of duty paid in respect of the first instrument, but shall not be less than ten rupees:


(b) where land is held on Revenue Settlement for a period not exceeding thirty years and paying the full assessment, the value for the purpose of duty shall be calculated at not more than five times the annual revenue;

(c) where a final order for effecting a partition passed by any Revenue authority or any Civil Court or an award by an arbitrator directing a partition stamped with the stamp required for an instrument of partition, and an instrument of partition in pursuance of such order or award is subsequently executed, the duty on such instrument shall not exceed ten rupees. 
44.
   


PARTNERSHIP

(1) Instrument of-
   

Subject to a maximum of two thousand rupees, two hundred rupees for every Rs. 10, 000 or part thereof of the amount of the capital of partnership, [up to 31-7-98]


From 1-8-98...

(1) Instrument of-

 
   


Subject to a minimum of five hundred rupees and maximum of five thousand rupees, one rupee for every one hundred rupees or part thereof of the amount of capital of partnership

(2) (a) Alteration in the constitution of the partnership in consequence of increaee of the capital of the partnership, Instrument of  


A Sum equal to the duty that would have been leviable under clause (I) as though capital of the partnership had been, when the partnership was formed, equal to the capital so in-creased, less sura already paid under clause (1).

(b) Alteration in the constitution of the partnership in consequence of any reason other than that referred to in sub-clause (a), Instrument of
   


two hudndred rupees

(3) Dissolution of-

(a) where any immovable property is taken as his share on dissolution of partnership by a partner other than a partner who brought that property as his share or contribution to partnership.

(b) in any other case.
The same duty as is leviable on conveyance under Article 20 for the market value of such property or one hundred rupees, whichever is more.

Two hundred rupees.
45.        
POWER OF ATTORNEY- as defined by section 2(r), not being a proxy-  

(a) when executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one or more such documents; One hundred rupees.

(b) When required in suits or proceedings under the Presidency Small Cause Courts Act, 1882; (XV of 1882)  
One hundred rupees.

(c) When authorising one person or more to act in a single transaction other than the case mentioned in clause (a);  
One hundred rupees.

(d) when authorising not more than five persons to act jointly and severally in more than one transaction or generally;    One hundred rupees.

(e) when authorising more than five but not more than ten persons to act jointly and severally in more than one transaction or generally;  One hundred rupees.

(f) when given for consideration and authorising the attorney to sell any immovable property.     



The same duty as is leviable on a conveyance under Article 20 for the amount of the consideration or, as the case may be, the market value of the immovable property whichever is greater;

"(g) When given to a promoter or developer; by whatever name called, for construction on; or development of, or sale or transfer (in any manner whatsoever) of, any immovable property.     One rupee for every hundred rupees or part thereof of the market value of the property which is the subject matter of such power of attorney.

Provided that the provisions of section 32A shall mutatis mutandis apply to such instrument of power of attorney as they apply to a Conveyance under that section:

Provided further that when proper stamp duty is paid under clause (ga) of article 5, on an agreement or records thereof or memorandum of an agreement executed between the same parties and in respect of same property, the duty chargeable under this clause shall be rupees one hundred.;

(h) iny any other case 
one hundred rupees for each person authorised.

Explanation I: For the purposes of this article, more persons than one when belonging to the same firm shall be deemed to be one person.

Explanation -II: The term "registration' ' includes every operation incidental to registration under the Registration Act, 1908. (XVI of 1908)

Explanation -III: Where under clause 10[(f)] duty has been paid on the power of attorney, and a conveyance relating to that property is subsequently executed in persuance of the power of attorney between the executant of the power of attorney, and the person in whose favour it is executed, the duty on conveyance shall be the duty calculated on the market value of the property reduced by duty paid on the power of attorney.
 
46.
       


PROTEST OF BILL, OR NOTE, that is to say, any declaration in writing made by a Notary or other person lawfully acting as such, attesting the dishonour of Bill of Exchange or promissory note.Twenty rupees.
47.
   


   


PROTEST BY THE MASTER OF A SHIP, that is to say, any declaration of the particulars of her voyage drawn up by him with a view to the adjustment of losses or the calculation of averages, and evey declaration in writing made by him against the charters or the consignees for not loading or unloading the ship when such declaration is attested or certified by a Notary or other person lawfully acting as such.

See also Note of Protest by the Master of a ship (No. 41).
Twenty rupees.
48.
       


RECONVEYANCE OF MORTGAGED PROPERTY- Subject to a miximum of 0ne hundred rupees six rupees, for every Rs. 100 or part thereof of the consideration for which the property was mortgaged.
49.
      


RELEASE, that is to say, any instrument (not being such a release as is provided for by section 24) whereby a person renounces a claim upon another person or against any specified property. Subject to a maximum One hundred rupees six rupees for every Rs. 100 or part thereof of the amount or value of the claim.
50.
       



 
   
RESPONDENTIA BOND that is to say, any instrument securing a loan on the cargo laden or to laden on board a ship and making repayment contingent on the arrival of the cargo at the port of destination.The same duty as a Bond (No. 14) for the amount of the loan secured.

REVOCATION of any trust or Settlement See Settlement (No. 52); Turst (No. 58)
 
51.SECURITY BOND OR MORTGAGE-DEED executed by way of security for the due execution of an office, or to account for money or other property received by virtue thereof or executed by a surety to secure the due performance of a contract Subject to a maximum of Sixty rupees six rupees for every Rs. 100 or part thereof of the amount secured.

Exepmtions: Bond or other instrument, when executed- 

(a) by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital or any other obejct of public utility shall not be less than a specified sum per mansem; 

(b) under the rules made by the State Government under section 76 of the Bombay Irrigation Act, 1879; (Bom Vn of 1879.)  

(c) Executed by person taking advances under the Land Improvement Loans Act, 1883, (XIX of 1883.) or the Agriculturists' Loan Act, 1884 (XII of 1884.) or by their sureties as secutiry for the repayment of such advances; 

(d) executed by officers of the Government or their sureities to secure the due execution of an office or the due accounting for money or other property received by virtue thereof. 
52.    SETTLEMENT- 

A.- Instrument of (Including a deed of dower)- 

(i) where the settlement is made for a religious or charitable purpose.The same duty as a Bond (No. 14) for a sum equal to the amount or, as the case may be, the market value of the property settled.

(ii) in any other case, The same duty as is leviable on a conveyance under Article 20 for the amount or, as the case may be, the market valure of the property settled;


Provided that where an agreement to settle is stamped with the stamp required for an instrument of settlement and an instrument of settlement in

pursuance of such Agreement is subsequently executed, the duty on such instrument shall not exceed the ten rupees ;

Provided farther that where an instrument of settlement contains any provision for the revocation of the settlement, the amount or, as the case may be, the market value of the property settled shall, for the purpose of duty, be datermined as if no such provision were contained in the instrument.

Exemption  

Deed of dower executed on the occasion of a marriage between Muham-madans.  

B-Revocation of- 

(i) In resepct of settlement described in A (i) above.The same duty as a Bond (No.14) for a sum equal to the amount or, as the case may be, the market value of the property concerned but not exceeding twenty rupees.

(ii) in respect of" settlement described in A (ii) above.The same duty as is leviable on a conveyance under Article 20 for the amount or, as the case may be, the market value of the property concerned but not exceeding twenty rupees.
53.
       


SHARE WARRANTS to bearer issued under the Companies Act, 1956. (1 of 1956.) The same duty as a Bond (No.14) for the same amount.

Exemption: 

Share-warrant when issued by a company in pursuance of the provisions of section 114 of the Companies Act, 1956, (I of 1956) to have effect only upon payment as composition for that duty, to (he Collector of Stamp Revenue, of-

(a) One and a half per centum of the whole subscribed capital of the company, or

(b) if any company which has paid the said duty or composition in full, subsequently issues an addition to its subscribed capital - one and a half per centum of the additional capital so issused.
 

SCRIP, See Cerifaicate (No. 18) 
 
54.
       


SHIPPING ORDER for or relating to the conveyance of goods on board on any Vessel. Fifty paise.
55.
   
SURRENDER OF LEASE-    


Subject to a maximum of One hundred rupees, the duty with which such lease chargeable.

Exemption: 

Surrender of lease, when such lease is exempted from duty. 
56.  

TRANSFER (whether with or without consideration)- 

(a) of debentures, being marketable securities whether the debenture is liable to duty or not except debentures provided for by section 8 of the Indian Stamp Act, 1899. (II of 1899.) Subject to a maximum of ten thousand rupees, One rupees for every Rs. 100 or part thereof of the face amount of the debenture.

Explanation- For the purpose of this clause, the term "debenture' includes debenture stock. 

(b) of any interest secured by bond, mortgage - deed or policy of insurance.







(c) of any property under the Administrators General Act, 1963 (45 of 1963) section 22.

(d) of any trust property without consideration from one trustee to another trustee or from a trustee to a beneficiary.
The same duty as a Bond (No. 14) for such amount or value of the interest as set forth in the transfer subject to u maximum of fifty rupees.

Filty rupees.




The same duty as a Bond (No. 14) on the market value of the property held on trust subject to a maximum of fifty rupees.

Exemptions 

Transfer by endorsement –

(a) of a bill of exchange, cheque of promissory note;

(b) of a bill of lading, delivery order, warrant for goods or other mercantile document of title of goods;

(c) of a policy of insurance;

(d) of securities of the Central Government.
 
57.
   


   


TRANSFER OF LEASE by way of assignment and not by way of under lease. Or way of decree or final order passed by any civil court or any Revenue officer

Exemption

Transfer of any lease exempt from duty.
The same duty as is leviable on a conveyance under Article 20)(a) for the amount of consideration for the transfer, or as the case may be market value of the immovable property which ever is greater
58.        
TRUST- 

A. Declaration of - of, or concerning any property when made by any writing not being a will. The same duty as a Bond (No. 14) for a sum equal to the amount or market value of the property which is the subject-matter of the trust but not exceending one hundred rupees.

B. Revocation of - of, or concerning, any property when made by any instrument other than a will. The same duty as a Bond (No. 14) for a sum equal to the amount or market value of the property which is the subject- matter of the trust, but not exceeding fifty rupees.

(See also Settlement (No. 52)) 
 

VALUATION, SEE Appraisement (No. 10) 
59.
       


WARRANT FOR GOODS, that is to say, any instrument evidencing the title of any person therein named, or his assigns, or the holder thereof, to the property in any goods lying in or upon any dock, warehouse or wharf, such instrument being signed or certified by or on behalf of the person in whose custody such goods may be.One rupees.
   
  1. Inserted by Guj. Act. No. 19 of 2001 w.e.f. 1-9-01.
  2. Inserted by the Bombay Stamp (Guj. Amendment). Act. 2002 w.e.f. 1-4-2002.
  3. Inserted by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001.
  4. Substituted for the words "under article No. 56" by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001.
  5. Substituted by the Bombay Stamp (Guj. Amendment) Act, 2002 w.e.f. 1-4-2002.
  6. Inserted by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001.
  7. Substituted by Gub. Act. No. 19 of 2001 w.e.f. 1-9-2001.
  8. Substituted for the words "The Same Duty as a Bond (No. 14) by the Bombay Stamp (Guj. Amendment). Act. 2002 w.e.f. 1-4-2002.
  9. Explanation II and III Deleted by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001.
  10. Substituted for "(g)" by Guj. Act. No. 19 of 2001 w.e.f. 1-9-2001.

Stamp Duty on Instruments in Maharastra

The Bombay Stamp Act, 1958

Stamp Duty On Instruments

1.
ACKNOWLEDGEMENT of--
(1) a debt written or signed by, or on behalf of, a debtor in order to supply evidence of such debt in any book (other than a banker's pass book) or on a separate piece of paper when such book or paper is left in the creditor's possession, and the amount or value of such debt-- 
 
 (a) exceeds rupees 100 but does not exceed rupees 1,000; 
Twenty paise.
 (b) exceeds rupees 1,000 but does not exceed rupees 5,000;
Fifty paise.
 (c) exceeds rupees 5,000 but does not exceed rupees 10,000; and,
One rupee.
 (d) for every rupees 10,000 or part thereof in excess of rupees 10,000.
   


One rupee subject to a maximum of fifty rupees
 (2) a letter, article, document, parcel, package or consignment, of any nature or description whatsoever or by whatever name called, given by a person, courier company, firm or body of persons whether incorporated or incorporated to the

Sender of such letter, article, document, parcel, package or consignment

STAMPS TO BE USED -- Adhesive u/s 11
One rupee for every rupees one hundred or part thereof of the amount charged therefore;
2.
   


   

 

 
   


   

 

ADMINISTRATION BOND, including a bond given under section 6

the Government Savings Banks Act, 1873(V of 1873) or the Indian

Succession Act, 1925, XXXIX of 1925)--

(a) where the amount does not exceed rupees 2,500;
The same dutyas Bond (Article 13) for such amount.
  (b) in any other case.

STAMPS TO BE USED -- Non-Judicial Stamp Paper (NJ) under

Rule 6 or Impressed Label/Special Adhesive Stamp Affixed by

Proper Officer under Rule 11.
Fifty rupees 
3.
   


   


ADOPTION DEED, that is to say, any instrument (other than a Will) recording an adoption or conferring or purporting to confer an authority to adopt.

STAMPS TO BE USED -- Non-Judicial Stamp Paper (NJ) under Rule 6 or Impressed Label/Special Adhesive Stamp affixed by Proper Officer under Rule 11.
1[Two hundred rupees.]
4.
   


   


AFFIDAVIT, that is to say, a statement in writing purporting to be a statement of facts, signed by the person making it and confirmed by him on oath or, in the case of persons by law allowed to affirm or affirm or declare instead of swearing, by affirmation.

Exemptions

Affidavit or declaration in writing when made --

(a) as a condition of enrolment under the Air Force Act, 1950, (XLV

of 1950) the Army Act, 1950 (XLVI of 1950) or the Navy Act,

1957 (LXII of 1957);

(b) for the immediate purpose of being filed or used in any Court or

before the officer of any Court; or

(c) for the sole purpose of enabling any person to receive any

pension or charitable allowance.

STAMPS TO BE USED -- Non-Judicial Stamp Paper (NJ) under Rule 6 or Impressed Label/Special Adhesive Stamp affixed by Proper Officer under Rule 11.
Twenty rupees. 
5.


AGREEMENT OR ITS RECORDS OR MEMORANDUM OF AN AGREEMENT--
 
 


(a)

if relating to the sale of a bill of exchange;
One rupee for every rupees 10,000 or part thereof.

   



 
   


(b)

if relating to the purchase of sale of a Government security;
One rupee for every rupees 10,000 or part thereof of the value of the security at the time of its purchase or sale, as the case may be subject to a maximum of rupees one thousand.

   

 

 
   

 

(c) if relating to the purchase or sale of shares, scrips, stocks, bonds, ebentures, debenture stocks or any other marketable security of a like nature in or of any incorporated company or other body corporate--
 

   



 
   

 

(i) when such agreement or
One rupee for every rupees 10,000 or part thereof of the value of the security at the time of its purchase or sale, as the case may be.

   


 
   


(ii) in any other case;
One rupee for every rupees 10,000 or part thereof of the value of the security at the time of its purchase or sale, as the case may be.



(d)

if relating to the purchase or sale of cotton;
One rupee for every unit of transaction of 4500 kilograms or part thereof.

(e)

if relating to the purchase or sale of bullion or species;
a. One rupee for every unit of 50 kilograms of silver or part thereof.

b. One rupee for every unit of 1 kilogram of gold or part thereof.

c. One rupee for every unit of 100 sovereigns or part thereof. 

   



 
   


(f)

if relating to purchase or sale of oil seeds;
One rupee for every 10,000 kilograms of oil seeds, or part thereof.

     

(g)

if relating to the purchase or sale of yarn of any kind, non-mineral oils or spices of any kind; 


One rupee for every Rs. 10,000 or part thereof of the value of yarn of any kind, non-mineral oils or spices of any king, as may be specified by the State Government by notification in the Official Gazette.
 (g-a)    
if relating to giving authority or power to a promoter or a developer, by whatever name called, for construction on, development of or, sale or transfer (in any manner whatsoever) of, any immovable property  
Five rupees for every five hundred rupees or part thereof of the market value of the property:

Provided that, the provisions of section 32A shall, mutatis mutandis,

apply to such agreement, records thereof or memorandum, as they apply to an instrument under that section:

Provided further that, if the proper stamp duty is paid under clause (g) of article 48 on a power of attorney executed between the same parties in respect of the same property then, the stamp duty under this article shall be one hundred rupees.
  (g-b)
Omitted
 
 (g-c)
Omitted
 
  (g-d)
if relating to transfer of tenancy of immovable property, for every square metre of the area of the tenanted property the right of tenancy in which is the subject matter of transfer and situated Within the limits of--
 
   (i) the Municipal Corporation of Greater Bombay--
 
   (A) for the purpose of non-residential use of any nature whatsoever;
2[Two thousand rupees].
   (B) for the purpose of residential use;
3[Two hundred rupees.]
   (ii) the Municipal Corporations of the Cities of Thane, Pune, Nagpur and Navi Mumbai--
 
   (A) for the purposes of non-residential use of any nature what-soever;
4[One thousand rupee].
   (B) for the purpose of rsidential use; any Municipal Corporations other than those Municipal Corporations mentioned in columns (i) and (ii)--
5[One hundred rupees].
 6[(iii)
  
  (A) for the purpose of non-residential use of any nature whatsoever;
Four hundred rupees.
  (B) for the purpose of residential use;
fifty rupees.]
  (g-e)
if relating to hire-purchase

Explanation I. -- Omitted

Explanation II. -- Omitted
Same dutyas is payable under Article 36.
  (h)
if not otherwise provided for.
Twenty rupees.
  Exemptions

Agreement or its records or Memorandum of Agreement--

(a) for or relating to the purchase of sale of goods or merchandise

exclusively, not being an agreement or memorandum of agreement

chargeable under entry (d), entry (e), entry (f) or entry (g) of

this Article or a note or memorandum chargeable under Article 43;

(b) Omitted

(c) Omitted

AGREEMENT TO LEASE : See Lease (Article 36).

STAMPS TO BE USED -- Non-Judicial Stamp Paper (NJ) under Rule 6

or Impressed Label/Special Adhesive Stamp affised by Proper Officer

under Rule 11.

for Art. 5 (g-a) & (g-d)

for Art. 5 (a) to (g) adhesive under section 11

for Art. 5 (h) impressed stamp under Rule 6
 
6.
AGREEMENT RELATING TO DEPOSIT OF TITLE DEEDS, PAWN, PLEDGE, OR HYPOTHECATION, that is to say, instrument evidencing an agreement relating to--
 
*10
[(1)
The deposit of title deeds or instrument constituting or being evidence of the title to any property whatever (other than a marketable security), where such deposit has been made by way of security for the repayment of money advanced or to be advanced, by way of loanor an existing or future debt--
The same dutyas is leviable on a mortgage deed underclause (b) of Article 40.
 (2)The pawn, pledge, or hypothecation of movable property, where such pawn, pledge or hypothecation has been made by way of security for their repayment of money advanced or to be

advanced by way of loan or an existing or future debt--
The same dutyas is leviable on a mortgage deed under clause (b) of Article 40
 11 [Explanation I.--For the purposes of clause (1) of this Article, notwithstanding anything contained in any judgment, decree or order of any court or order of any authority, any letter, note, memorandum or writing relating to the deposit of title deeds whether written or made either before or at the time when or after the deposit of title deeds is effected, and whether it is in respect of the security for the first loan or any additional loan or loans taken subsequently, such letter, note, memorandum or writing shall, in the absence of any separate agreement or memorandum of agreement relating to deposit of such title deeds, be deemed to be an instrument evidencing an agreement relating to the deposit of title deeds.]

Exemption

(1) Omitted

(2) Letter of hypothecation accompanying a bill of exchange. 12 [Explanation II]-- For the purposes of this Article, the maximum duty of ten lakh rupees shall be leviable for a single instrument involved in a one time transaction. Instrument of other or subsequent transaction in respect of the same property or of renewal clause in the same instrument shall be treated as a fresh instrument.]

STAMPS TO BE USED -- Non-Judicial Stamp Paper (NJ) under Rule 6 or Impressed Label/Special Adhesive Stamp affised by Proper Officer under Rule 11.
 
7.
APPOINTMENT IN EXECUTION OF A POWER; where made by any writing not being a will--
 
 (a) of trustees.
One hundred rupees. 
 (b) of property movable or immovable.
 
Two hundred and fifty rupees. 
 STAMPS TO BE USED -- Non-Judicial StampPaper (NJ) under Rule 6 or Impressed Label/Special Adhesive Stamp affised by Proper Officer under Rule 11.
 
8.
APPRAISEMENT OR VALUATION, made otherwise than under an order of the court in the course of a suit.

Exemption

(a) Appraisement on valuation made for the information of one party only, and not being in any manner obligatory between parties either by agreement or operation of law.

(b) Appraisement of crops for the purpose of ascertaining the amount to be given to a landlord as rent.

STAMPS TO BE USED -- Non-Judicial Stamp Paper (NJ) under Rule 6 or Impressed Label/Special Adhesive Stamp affised by Proper Officer under Rule 11.
Same dutyas per Bond (Article 23) subject to maximum of fifty rupees.
9.
APPRENTICESHIP DEED, including every writing relating to the service or tuition of any apprentice clerk or servant, placed with any master to learn any profession, trade or employment, not being of article of clerkship (Article 11).

Exemption

Instrument of apprenticeship executed under the Apprentices Act, 1961, or by which a person is apprenticed by or at the charge of any public charity.

STAMPS TO BE USED -- Non-Judicial Stamp Paper (NJ) under Rule 6 or Impressed Label/Special Adhesive Stamp affised by Proper Officer under Rule 11.
Fifty rupees.
10.
ARTICLES OF ASSOCIATION OF A COMPANY--

Where the Company has no share capital or nominal share capital or increased share capital.

Exemption

Articles of any association not formed for profit and registered under section 25 of the Companies Act, 1956 See also Memorandum of Association of a Company (Article 39).

STAMPS TO BE USED -- Non-Judicial Stamp Paper (NJ) under Rule 6 or Impressed Label/Special Adhesive Stamp affised by Proper Officer under Rule 11.

No. Mundrak. 1094/2229/CR-450-Mi, dated 2nd August, 1994 -- In exercise of the powers conferred by clause (a) of section 9 of the Bombay Stamp Act, 1958 (Bom. LX of 1958), the Government of Maharashtra, having satisfied that it is necessary to do so in the public interest, hereby reduces, with effect from the 1st August, 1994,the maximum duty chargeable on Articles of Association of a Companyunder Article 10 of Schedule I of the said Act, to Rs. Twenty-five lakhs.
One thousand rupees for every rupees 5,00,000 or part thereof, 7[subject to a maximum of Rs. 50,00,000].
11.
ARTICLES OF CLERKSHIP or contract whereby any person first becomes bound to serve as a clerk in order to his admission as an Attorney in any High Court

ASSIGNMENT, See Conveyance (Article 25), Transfer (Article 59) and Transfer of lease (Article 60), as the case may be.

ATTORNEY, See entry as an Attorney (Articles 31) and Power of Attorney (Article 48).

AUTHORITY TO ADOPT, See Adoption Deed (Article 3).

STAMPS TO BE USED -- Non-Judicial Stamp Paper (NJ) under Rule 6 or Impressed Label/Special Adhesive Stamp affised by Proper Officer

under Rule 11.
Seven hundred and fifty rupees.
12.AWARD, that is to say, any decision in writing by an arbitrator or umpire, on a reference made otherwise than by an order of the Court in the course of a suit, being an award made as a result of a within agreement to submit, present or future differences to Arbitration but not being an award directing a partition--

(a) on the amount of value of the property to which the award relates as set forth in award.The same dutyas Bond (Article 13), subject to a maximum of One hundred rupees.

(b) in any other case.One hundred rupees.

Exemption

Award under section 18 of the Bombay Hereditary Offices Act, 1874 (Bom III of 1874) or section 330 of the Maharashtra Municipalities Act, 1965 (Mah. XL of 1965).

STAMPS TO BE USED -- Non-Judicial Stamp Paper under Rule 6 or Special Adhesive Stamp affixed by Proper Officer under Rule 11.

13.BOND not being a debenture and not being otherwise provided for by any provisions of this Act (whether or not such provisions relate to any particular types of Bonds), or by the Bombay Court-fees Act, 1959 (Bom. XXXVI of 1959) for every rupees five hundred or part thereof.

Exemption

Bond when executed by any person for the purpose of guaranteeing that the local income derived from private subscriptions or a charitable dispensary or hospital or any other object of public utility shall not be less than a specific sum per mensem.

STAMPS TO BE USED -- Non-Judicial Stamp Paper under Rule 6 or Special Adhesive Stamp affixed by Proper Officer under Rule 11.
13[Five rupees.]
14.BOTTOMRY BOND, that is to say, any instrument whereby the master of a seagoing ship borrows money on the security of the ship to enable him to preserve the ship or prosecute her voyage.

STAMPS TO BE USED -- Non-Judicial Stamp Paper under Rule 6 or Special Adhesive Stamp affixed by Proper Officer under Rule 11.
The same dutyas a Bond (Article 13) for the same amount.
15.CANCELLATION--Instrument of, if attested and not otherwise provided for.

Exemption

Instrument revoking a Will.

STAMPS TO BE USED -- Non-Judicial Stamp Paper under Rule 6 or Special Adhesive Stamp affixed by Proper Officer under Rule 11.
8[One hundred rupees.]
16.CERTIFICATE OF SALE (in respect of each property put up as a separate lot and sold) granted to the purchaser of any property sold by public auction by a Civil or Revenue Court, or Collector or other Revenue Officer or any other officer empowered by law to sell property by public auction.

STAMPS TO BE USED -- Non-Judicial Stamp Paper under Rule 6 or Special Adhesive Stamp affixed by Proper Officer under Rule 11.
The same dutyas is leviable on a Conveyance under clause (a), (b) (c), or (d) as the case may be, of Article 25 on the market value of the property.
17.CERTIFICATE OR OTHER DOCUMENT, evidencing the right or title of the holder thereof, or any other person either to any shares, scrip or stock in or of, any incorporated company or other body corporate, or to become proprietor of shares, scrop or stock in or of, any such company or body.

See also Letter of Allotment of Shares (Article 37);

Explanation.- For the purpose of this Article, the value of shares, scrip or stock includes the amount of premium, if any.

STAMPS TO BE USED -- Adhesive Stamp (Section 11). In Case Duty Exceeding Re. 1 by Impressed Stamp Fixed by Proper Officer
One rupee for every one thousand rupees or a part thereof, of the value of the shares, scrip or stock.
18.CHARTER-PARTY, that is to say, any instrument (except an agreement for the hire of tug steamer) whereby a vessel or some

specified principal part thereof is let for the specified purposes of the charterer, whether it includes a penalty clause or not.

STAMPS TO BE USED -- Non-Judicial Stamp Paper under Rule 6 or Special Adhesive Stamp affixed by Proper Officer under Rule 11.
Twenty rupees
19.(1)CLEARANCE LIST relating to the transactions for the purchase or sale of Government securities submitted to the clearing house of a stock exchange.The sum of duties payable under Article 5(b) or 43(g), as the case may be, in respect of each of the entries in such list on the value of the securities calculated at the making up price or the contract price, as the case may be.

(2)CLEARANCE LIST, relating to the transactions for the purchase or sale of a share, scrip, stock, bond, debenture, debenture stock or other marketable security of a like nature in or of an incorporated company or other body corporate, submitted to the clearing house of stock exchange recognized under the Securities Contracts (Regulation) Act, 1956, (XLIII of 1956).The sum of duties payable under Article 5(c)(I) or 43(f) as the case may be, in respect of each of the entries in such list on the value of the securities calculated at the making up price or the contract price, as the case may be.

(3) CLEARANCE LIST, relating to the transactions for the purchase or sale of a share, scrip, stock, bond, debenture, debenture stock or other marketable security of a like nature in or of an incorporated company or body corporate, submitted to the clearing house of a stock exchange, not recognised under the Securities Contract (Regulation) Act, 1956, (XLIII of 1956).The sum of duties payable under Article 5(c)(ii) or 43(f) as the case may be, in respect of each of the entries in such list on the value of the securities calculated at the making up price or the contract price, as the the case may be.

STAMPS TO BE USED -- Impressed Labels (Rule 11) or Special Adhesive Stamp affixed by Proper Officer under Rule 19.
20.CLEARANCE LIST, relating to the transactions for the purchase or sale of cotton submitted to the clearing house of a Cotton Association.

STAMPS TO BE USED - Impressed Labels (Rule 11) or Special Adhesive Stamp affixed by Proper Officer under Rule 19.
The sum of duties payable under Article 5(d) or 43(a), as the case may be, in respect of each of the entries in such list on the units of transactions or part thereof.
21.CLEARANCE LIST, relating to the transactions for the purchase or sale of bullion or species submitted to the clearing house of a Bullion Association.The sum of duties payable under Article 5(e) or 43(b), as the case may be, in respect of each of the entries in such list on the units of transactions or part thereof.
22.CLEARANCE LIST, relating to the transaction for the purchase or sale of oil seeds submitted to the clearing house of an Oil seed Association.

STAMPS TO BE USED - Impressed Labels (Rule 11) or Special Adhesive Stamp affixed by Proper Officer under Rule 19.
The sum of duties payable under Article 5(f) or 43(c), as the case may be, in respect of the entries in such list on the units of transactions or part thereof.
23.CLEARANCE LIST, relating to the transactions for the purchase or sale of yarn of any kind, non-mineral oils or spices of any kind.

STAMPS TO BE USED - Impressed Labels (Rule 11) or Special Adhesive Stamp affixed by Proper Officer under Rule 19.
The sum of duties payable under Article 5(g) or 43(d), as the case may be, in respect of each of the entries in such list on the units of transactions or parts thereof.
24.COMPOSITION DEED, that is to say, any instrument executed by a

debtor whereby he conveys his property for the benefit of his

creditors or whereby payment of a composition or dividend on their

debts is secured to the creditors, or whereby provision is made for the

continuance of the debtor's business under the supervision of

inspectors or under letters of licence for the benefit of his creditors.
9[Two hundred rupees.]

STAMPS TO BE USED -- Non-Judicial StampPaper under Rule 6 or

Impressed Label/Special Adhesive Stamp affixed by Proper Officer

under Rule 11.


  1. These words were substituted for the words "one hundred rupees" as Amended by Mah. Tax Laws (Levy and Amendment) Act, 2001, s. 6(a).
  2. These words were substituted for the words "one thousand rupees" as Amended by Mah. Tax Laws (Levy and Amendment) Act, 2001, s. 6(b)(1)(i).
  3. These words were substituted for the words "one hundred rupees" as Amended by Mah. Tax Laws (Levy and Amendment) Act, 2001, s. 6(b)(1)(ii).
  4. These words were substituted for the words "five hundred rupees" as Amended by Mah. Tax Laws (Levy and Amendment) Act, 2001, s. 6(b)(2)(i).
  5. These words were substituted for the words "fifty rupees" as Amended by Mah. Tax Laws (Levy and Amendment) Act, 2001, s. 6(b)(1)(ii).
  6. Sub-clause (iii) was substituted as Amended by Mah. Tax Laws (Levy and Amendment) Act, 2001, s. 6(b)(3).
  7. These words were added as Amended by Mah. Tax Laws (Levy and Amendment) Act, 2001, s. 6(c).
  8. These words were substituted for the words "Fourty rupees" as Amended by Mah. Tax Laws (Levy and Amendment) Act, 2001, s. 6(d).
  9. These words were substituted for the words "One hundred rupees" as Amended by Mah. Tax Laws (Levy and Amendment) Act, 2001, s. 6(c).
  10. Clause (1) and (2) were substituted by the Mah. Tax Laws (Levy and Amendment) Act, 2002, s. 8 (w.e.f 1-05-2002)
  11. Explanation re-numbered as "Explanation I" by Mah. Tax Laws (Levy and Amendment) Act, 2002, s. 8(a)(ii), (w.e.f 1-05-2002)
  12. This Explanation was added by the Mah. Tax Laws (Levy and Amendment) Act, 2002, s. 8(a)(ii), (w.e.f 1-05-2002)
  13. These words were substituted for the words "Twenty rupees" by the Mah. Tax Laws (Levy and Amendment) Act, 2002, s. 8(b), (w.e.f 1-05-2002)

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