INDIAN STAMP ACT, 1899-11

Mon Mar 20 1899 | Procedural and Administration | Comments (0)

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Year : 1899

Exemption: Lease, executed in the case of cultivator

and for the purpose of cultivation and for the purpose of

 

 

 

cultivation (including a lease of trees for the production of food or drink) without the payment or, delivery of any line 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 purpose of cultivation shall include a lease of lands for cultivation together with a homestead or tank.

Explanation: When lease undertakes to pay any recurring charge, such as Government revenue, landlords share of ceases, or the owner's share of municipal rates of taxes, which is by law recoverable from the lessor, the amounts so agreed to be paid by the

lease shall be deemed to be part of the rent.

 

36.

LEDER OFALLOTMENT OF SHARES, company, or

in respect of any loan to be raised by any company or proposed company.

Rs.2.00

37.

LEDER OF CREDIT any instrument by which one person authorizes another to give credit to the person in

whose favour it is drawn. LEDER OF GUARANTEE. See AGREEMENT (No. 5).

Re 1

38.

LEDER OF LICENCE, 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.

Rs. 50.00

39.

MEMORANDUM OFASSOCIATION OF A

COMPANY

 
 

(a) if accompanied by articles of association under section 26 of the Companies Act, 1956;

Rs. 200.00

 

(b) if not so accompanied

Rs. 500.00

 

(i) where the nominal share capital does exceed one

lakh of rupees;

Rs. 800.00

40.

MORTGAGE-DEED, not being (AN AGREEMENT RELATING TO

DEPOSIT OF TITLE. DEED, PAWN OR PLEDGE (No. 6), BOTIOMRY

BOND {No. 16), MORTGAGE OF A CROP {No. 41) RESPONDENTIA

BOND {No. 56), OR SECURITY BOND (No. 57)

 
 

[(a) 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.

 
 

(i) where the amount or value of the consideration for such

conveyance as set forth therein does not exceed Rs 1000

Rs 10

 

(ii) where it exceed Rs 1000

1%]

 

(b) when possession is not given or agreed to be given as

aforesaid;

The same duty as a Bond (No.15) for the amount secured

by such deed002E

 

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.

 
 

(c) when a collateral or auxiliary or additional or

 

 

 

substituted security, or by way of further assurance by

the above mentioned purpose where the principal or primary security is duly stamped

 
 

(i) for every sum secured not exceeding Rs. 1000

Rs.5.00

 

(ii) and for every Rs. 1000 or part there of secured in

excess Rs. 1000.

Rs. 5.00

 

Exemptions: (1) Instrument, executed by persons taking advances under he lands Improvement Loans Act, 1883 {10 of1883) or the Agriculturists Loan Act, 1884 (12 of 1884) or by their sureties as security for the repayment of such advance.

 
 

(2) 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 lime of the mortgage-

 
 

(a) when the loan is repayable not more than three months from the date of the instrument

 
 

(i) for every sum secured not exceeding Rs. 200;

Rs. 1.00

 

(ii) and for every Rs. 200 or part thereof secured in

excess of Rs. 200.

Rs. 2.00

 

(b) When the loan is repayable more than three months, but not more than eighteen months for the date of the instrument.

 
 

(i) for every sum secured not exceeding Rs.100

Rs. 2.00

 

(ii) and for every Rs. 100 or part thereof secured in

excess of Rs. 100.

Rs. 2.00

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 a Notary

Public in the execution of the duties of his office, or by any other person lawfully acting as a Notary Public.

Rs. 10.00

 

See also Protest of Bill or Note (No. 50)

 

43.

NOTE OF MEMORANDUM sent by a Broker or Agent to his principal intimating the purchase or sale on

account of, such principal-

 
 

(a) of any goods exceeding in value Re. 20

Rs. 1.00

 

(b) of any stock or marketable security exceeding in value

twenty rupees.

Rs.2 for every Rs. 5,000 or part thereof of the value of the stock as security subject to a maximum of forty rupees.

44.

NOTE OF PROTEST by the Master of a Ship See also Protest by the Master of a Ship. (No. 51 ) Order for the payment of Money See Bill of Exchange (No. 13)

Rs. 5

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 shares or

shares d 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 share, then one

 

   

of such equal shares)shall be deemed to be that from which

the other shares are s

   

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

be less than four 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 an 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 an instrument of partition in pursuance of such order or award is subsequently executed, the duty on such instrument shall not exceed

rupees four

46.

PARTNERSHIP

 
 

(A)- INSTRUMENT OF-

 
 

(a) where the capital of the partnership does not exceed Rs. 1,000

The same duty as (Bond No. 15).

 

(b) in any other case

 
 

(B)- Dissolution of-

Pawn or Pledge - See Agreement relating to deposit of Title

deeds Pawn or Pledge (No. 6).

Rs.50.00

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-

(i) where the premium or consideration does not exceed

the rate of one-eights per centum of, the amount insured by the policy;

 

 

 

(ii) in any other case, in respect of every full sum of one thousand live hundred rupees and also any fractional part of one thousand five hundred rupees insured by the policy;

5 Paise 5 Paise

 

(2) for time-

(i) in respect of every full sum of one thousand rupees and also any fractional part of one thousand rupees insured by the policy-

 
 

(ii) where the insurance shall be made for any time not exceeding six months;

Ten paise five paise

 

(iii) where the insurance shall be made for any time exceeding six months and not exceeding twelve months.

Ten paise five paise

 

B.- FIRE-INSURANCE AND OTHER CLASSES OF INSURANCE, NOT ELSEWHERE INCLUDED IN TH IS ARTICLE, COVEBING GOODS, MERCHANDISE, PEBSONAL EFFECTS, (BOPS

AND OTHER PROPERTY AGAINST LOSS OR DAMAGE.

 
 

(1) in respect of an original policy

Twenty five paise

 

(i) when the sum insured does not exceed Rs. 5,000;

Fifty paise

 

(ii) in any other case; and

 
 

(2) in respect of each receipt for any payment 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-

 
 

(a) against railway accident, valid for a single Journey only.

Five paise

 

Exemption

When issued to a passenger traveling by the intermediate or

the third class in any railway;

 
 

(b)in any other case-for the maximum amount 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 Bs. 1 ,000 or part

thereof.

Ten 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.

1000, the duty on such instrument shall be five paise for every Rs. 1 ,000 or part thereof the maxi mum amount which

may become payable under it.

 

 

CC- INSURANCE BY WAY OF INDEMNITY against

liability to pay damages on account of accident to workmen employed by or under the insurer or against liability to pay compensation under the Workmen's Compensation Act, 1923 (8 of 1923), for every Rs.100 or part thereof payable as premium.

five paise.

 

D.- LIFE INSURANCEIORGBOUP 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.

 

Article

(i) for every sum insured not exceeding Rs. 250;

Ten paise Five paise

 

(ii) for every sum insured exceeding Rs. 250 but not exceeding Rs. 500;

Ten paise Five paise

 

(iii) 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.

Twenty paise Ten paise

   

N.B. II a policy of group insurance is renewed or otherwise modified whereby 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.)

 

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.

 
 

E.- RE-INSURANCE BY AN INSURANCE

COMPANY which has granted in a POLICY [of the nature specified Division A or Division B of this Article, with another company by way of indemnity or 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 five paise or more than fifty paise: 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 live

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 there under, nor shall it be available for any purpose, except to the compel the delivery of the policy therein

mentioned.

 

48.

POWER OF ATIORNEY (as defined by Section 2(21) not being a Proxy (No. 52).

 

 

 

(a) when executed for the sole purpose of procuring the registration one or more documents in relation to a single

transaction or for admitting execution of one or more such

documents;

Rs.20.00

 

(b) when required in suits or proceedings under the Presidency

Small Cause Courts Act,1882 (15 of 1882)

Rs. 20.00

 

(c) when authorizing one person or more to act in a single

transaction other than the case mentioned in clause (a);

Rs. 20.00

 

(d) when authorizing more than five persons to act jointly and severally in more than one transaction or generally;

Rs. 20.00

 

(e) when authorizing more than five but not more than ten persons to act jointly and severally in more than one

transaction or generally;

Rs. 20.00

 

(f) when given for consideration and authorizing the attorney to sell any immovable property;

The same duty as a Conveyance (No. 23) for the amount of the consideration.

 

(g) in any other case

 
 

Explanation - For the purposes of this Article more persons

than one when belonging to the same firm shall be deemed to

be one person.

Rs.20.00

 

N.B.- The term 'registration' includes every operation incidental to registration under the Registration Act, 1908 (16 of 1908).

 

49.

PROMISSORY NOTE [as defined by section 2(22)]-

 
 

(a) when payable on demand

 
 

(i) when the amount or value does not exceed Rs. 250;

5 paise

 

(ii) when the amount or value exceeds Rs. 250 but does not exceed Rs. 1,000 ;

10 paise

 

(iii) in any other case.

15 paise

 

(b) when payable otherwise than on demand.

The same duty as a Bill of Exchange (No. 1 3) for the same

amount payable otherwise than on demand.]

50.

PROTEST OF BILL OR NOTE, that is to say, any

Rs. 5.00

 

 

declaration in writing made by a Notary Public, or other person lawfully acting as such attesting the dishonor of

a Bill of Exchange or promissory note.

 

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 of the calculation of averages and every declaration in writing made by him against the charterers of 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.

Rs. 5.00

 

See also Note of Protest by the Master of Ship (No. 44).

 

52.

PROXY empowering any person to vote at any one election of the members of a district or a local board or of a district or local board or of a body or municipal commissioners, or at any one meeting or

(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) propretietors, members or contributors to the funds of any institution.

Fifteen paise

53.

RECEIPT [as defined by section 2(23)] for any money or other Property the amount or value of which exceeds rive thousand rupees.]

[One rupee]

 

Exemptions

Receipt-

 
 

(a) 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. Interest or annuity or other

periodical payment thereby secured;

 
 

(b) for any payment of money without consideration;

 
 

(c) 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) or Inam

lands;

 
 

(d) for pay or allowances by non-commissioned [or petty] officer, soldiers, [sailors] or [airmen] of [Indian military, [naval] or air forces], when serving in such

capacity, or by mounted police constables;

 
 

(e) given by holders of family certificates in cases where the person from whose pay or allowances the sum comprised in the receipt has been assigned is a non-commissioned for petty] officer, [soldier, [sailor or airman], of [any of the said forces], and serving in such

capacity;

 
 

(f) for pensions or allowances by person, receiving such

pensions or allowances in respect of their service as such non commissioned [or petty] officers, [soldiers,

 

 

 

[sailors] or airmen], and not serving the Government in any other capacity;

 
 

(g) given by a headman or lambardar for land revenue or taxes collected by him;

 
 

(h) given for money or securities for money deposited in the hands of any banker 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 /or upon a letter of allotment of a share, or in respect of a call upon any semipro share of, or any incorporated company or other body corporate or such proposed or intended company or body or in respect or a debenture being a marketable security.

The same duty as a Bond (No. 15) for the amount secured.

Rs.30.00

54.

RECONVEYANCE OF MORTGAGED PROPERTY.

 
 

(a) if the consideration for which the property does not exceed Rs. 1,000;

The same duty as a conveyance (No. 23) for the amount of such consideration as set forth in the Reconveyance.

 

(b) in any other case Rs.60.00

Rs.60.00

55.

RELEASE, that is to say, any instrument not being such a release as is provided for by section 23A whereby a person renounces a claim upon another person or against any specified property

 
 

(a) if the amount or value of the claim does not exceed Rs 1, 000

The same duty as a Bond(No 15) for such amount or value as set forth in the release.

 

(b) in any other case Rs.30.00

Rs. 30.00

56.

RESPONDENTIA BOND, that is to say, any instrument securing loan on the cargo laden bond (No. 15) or to be laden on board a ship and a making the

amount of the repayment contingent on the arrival of the loan secured. cargo at the port of destination.

The same duty as a bond {No.

15) for the amount f the loan secured

 

REVOCATION OF ANY TRUST OB SETILEMENT

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-

 
 

(a) when the amount secured does not exceed Rs 1000.

The same duty as a Bond(No 15) for the amount secured.

 

(b) in any other case

Rs 30.00

 

Exemptions: Bond or other instrument, when executed-

 
 

(a) by headmen nominated under rules framed in accordance with the Bengal Irrigation Act, 1876, section 99, for the due performance of their duties under

that Act;

 

 

 

(b) by any person or 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

 
 

(c) under No. 34 of the rules made by the State Government ·under section 70 of the Bombay Irrigation Act, 1879;

Rs.30.00

 

(d) executed by persons taking advances under the Land Improvement Loans Act, 1883 (19 of 1883), or the Agriculturist' Loan Act, 1884 (12 of 1884), or by their

sureties, as security for the repayment of such advances;

 
 

(e) executed by officers of the 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.

SETILEMENT

 
 

A – INSTRUMENT OF (including a deed of dower)

The same duty as a conveyance (No.23) or a sum equal to the amount or 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 not exceed

Rs.4.00.

 

Exemption: Deed of dower executed on the occasion of a marriage between Muhammandans

 
 

B - REVOCATION OF –

See also Trust (No. 64)

The same duty as a Conveyance

{No.23) for a sum equal to the amount or value of the property concerned, as set forth in the instrument of revocation, but not exceeding Rs.50/-.

Provided

59.

SHARE WARRANTS, to bearer issued under the Company's Act, 1956(Act 1 of 1956) section

114, to have effect only upon payment, as composition for the duty, to the collector of stamp revenue of-

One and a half times duty payable on a Conveyance (No. 23) for a consideration equal to the nominal amount of the

shares specified in the warrant.

 

{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 issued.

 
 

Script. See CERTIFICATE (No. 19)

 

60.

SHIPPING ORDER for or relating to the conveyance of goods on board of any vessel.

Rs. 2.00

61.

SURRENDER OF LEASE

 

 

 

(a) when the duty with which the lease is chargeable does not exceed five rupees.

The duty with which such lease is chargeable.

 

{b) in any other case

Rs.30.00

 

Exemption: Surrender of lease, when such lease is exempted from duty.

 

62.

TRANSFER {whether with or without consideration)

 
 

[(a) of shares in an incorporated company or other body corporate;

25 paise for every hundred

rupees or part thereof of the value of the share.

 

{b) 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.

 

{c) of any interest secured by a bond, mortgage-deed or policy of insurance,

 
 

(i) if the duty on such bond, mortgage deed or policy does not exceed live rupees;

The duty with which such bond, mortgage-deed or policy of insurance is chargeable.

 

{ii) in any other case

Five rupees.

 

(d) of any property under the Administrator General's 1874 {2 of 1874). section 31;

Ten rupees.

 

{e) of any trust-property without consideration from one trustee to another trustee or from a trustee to beneficiary

Five rupees or such smaller amount as may be chargeable under clauses {a) to (c) of this

Article.

 

Exemptions

Transfer by endorsement-

 
 

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

 
 

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

 
 

(c) of a policy of insurance;

 
 

(d) of securities of the Central Government.

 

63.

TRANSFER OF LEASE by way of assignment and not by way of under-lease

The same duty as a Conveyance

{No. 23) 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 or concerning, any property when made by any writing not being a WILL.

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

Rs. 50.

 

(B) - Revocation of, or concerning, any property when made by any instrument other than a WILL. not be less than a specified sum per mensem;

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

 

See also Settlement (No. 58) Valuation See Appraisement

Rs. 3.00

 

 

(No. 8) Vakil See 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 or wharf, such instrument being signed or certified by or on

behalf of the person in whose custody such goods may be].

Rs. 3.00

[Vide Arunachal Pradesh 5 of 2007, s. 2]

Amendment of Schedule-I.— In Schedule I of the Indian Stamp Act, 1899 (Act No. 2 of 1899) (in its application to the State of Arunachal Pradesh) Act 2007, for item no. 40, in sub-item (a), the following shall be substituted, namely:--

“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.

(i) Where the amount or value of the consideration for such conveyance as set

forth therein does not exceed ? 1, 000

? 10

(ii) Where it exceeds ? 1, 000

1 %.

[Vide Arunachal Pradesh Act 16 of 2018, s. 2]

Uttaranchal

Amendment of 2 (Schedule 1-B of Act No. II of 1899. —In (schedule 1-B) of the Indian Stamp Act, 1899:--

(a) In Article 35 (Lease)-

(i) in Clause (a) for sub-clause (VI), (VII), and (VIII), the following clause shall be substituted, namely:--

“(VI) Where the lease purports to be for a term exceeding thirty years or in perpetuity or does not purpose to be for any definite term.

The same duty as a Conveyance (No. 23 clause (a)), for a consideration equal the market value of property which is the subject of the lease.”

(iii) for clause (b) and (c), the following clause shall be substituted, namely:--

(b) Where the lease is granted for a fine or premium or for money advanced and Where no rent is reserved:-

(i) Where the lease purport to be for a term not exceeding thirty years;

The same duty as a Conveyance (No. 23 Clause (a)), for a consideration equal to amount or the value of such fine or premium or advance as

setforth in the lease.

(ii) Where I lease purports to be for a term exceeding thirty years;

The same duty as a conveyance (No. 23 Clause (a)),for a consideration equal to the market value of property which is the subject of the lease.

(c) Where the lease is granted for a fine or premium or for money advanced in additional to the rent reserved:-

(i) Where the lease purports to be for a term not exceeding thirty years;

The same duty as Conveyance (No. 23 Clause (a)),

for a consideration equal to the amount or value of such fine or premium or advance as setforth in the

 

 

lease, in additional to be duty which would have been payable on such lease, if no fine or premium or advance had been paid or delivered.

Provided that in a case when an agreement to lease is stamped with the agreement to lease is stamped with the ad-valorem stamp required for lease, and a lease in pursuance of such an agreement is subsequently executed, the duty on such lease shall

not exceed Fifty Rupees.

(iv) Where the lease purports to be for a term exceeding thirty years;

The same duty as Conveyance (No. 23 Clause (a)),

for a consideration equal the market value of property, which is the subject of the lease.

(v) Explanation (5) shall be omitted.

 

[Vide Uttaranchal Act 14 of 2002, s. 2]

Uttar Pradesh

Amendment of Schedule 1-B .— In Schedule I-B of the principal Act —

(a) in Article 15 (Bond), in the-column relating to the "Proper Stamp Duty", for the words set out in Column I of the table below, the words set out respectively against them in Column 2 of the table below, shall be substituted :—

COLUMN 1

(Existing words)

COLUMN 2

(Words to be substituted)

Forty-five paise

Fifty paise.

One rupee

Two rupees.

Three rupees and seventy-five paise

Four rupees and twenty-five paise.

Seven rupees and fifty paise

Eight rupees and fifty paise.

Eleven rupees and twenty five paise

Twelve rupees and seventy five paise

Fifteen rupees

Seventeen rupees

Eighteen rupees and seventy-five paise

Twenty-one rupees and twenty five paise

Twenty-two rupees and fifty paise

Twenty-five rupees and fifty paise

Twenty-six rupees and twenty five paise.

Twenty-nine rupees and seventy-five paise

Thirty rupees

Thirty-four rupees

Thirty three rupees and seventy five paise

Thirty-eight rupees and twenty five paise.

Thirty-seven rupees and fifty paise

Forty-two rupees and fifty paise.

Eighteen rupees and seventy-five paise

Twenty-one rupees and twenty five paise

(b) in Article 23 (Conveyance), in the column relating to "Proper Stamp Duty", for the-figures set out in Column 1 of the table below, the figures set out respectively against them in Column 2 of the table below, shall be substituted :—

COLUMN 1

(Existing figures)

COLUMN 2

( figures to be substituted)

Rs. P.

Rs. P.

2 00

4 00

 

7 50

8 50

15 00

17 00

22 50

25 50

30 00

34 00

37 50

42 50

45 00

51 00

52 50

59 50

60 00

68 00

67 50

76 50

75 00

85 00

37 50

42 50

(c) in Article 48 in clause (f), for the words "in any other case" the following words shall be substituted,—

"When authorizing more than ten persons to act jointly and severally in more than one transaction or generally,"

[Vide Uttar Pradesh Act 6 of 1980, s. 11]

Amendment of Schedule 1-B of Act no. II of 1899 .— In Schedule I-B of Indian Stamp Act, 1899, —

(a) in Article 17-A, in the column relating to "Proper Stamp Duty" for the words "Two hundred and fifty rupees" the words "Five hundred rupees" shall be substituted.

(b) in Article 17-B, in the column relating to "Proper Stamp Duty" for the words "Five hundred rupees" the words "Two thousand rupees" shall be substituted.

(c) in Article 35 (Lease), —

(i) in clause (a), for sub-clauses (vi), (vii) and (viii) the following clause shall be substituted, namely :—

“(vi) Where the lease purports to be for a term exceeding thirty years or in perpetuity or does not purport to be for any definite term.

The same duty as a Conveyance [No. 23 clause

(a) ] for a consideration equal to the market value of the property which is the subject of the lease.”

(ii) in clause (b) and (c) the following clauses shall be substituted, namely :—

“(b) Where the lease so granted for a fine or premium of for money advanced and where no rent is reserved, —

(i) Where the lease purports to be for a term not exceeding thirty years ;

The same duty as a Conveyance [No. 23 clause (a)] for a

consideration equal to the amount or value of such fine or premium

 

 

or advance as set forth in the lease.

(ii) Where the lease purports to be for a term exceeding thirty years ;

The same duty as a Conveyance [No. 23 clause (a)] for a consideration equal to the market

value of the property which is subject of the lease.

(c) Where the lease is granted for a fine or premium of for money advanced in addition to rent is reserved, —

(i) Where the lease purports to be for a term not exceeding thirty years ;

The same duty as a Conveyance [No. 23 clause (a)] for a consideration 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 a case when an agreement to lease is stamped with the advalorem stamp required for lease, and a lease in pursuance of such agreement is subsequently executed, the duty on such lease shall not exceed

fifty rupees.

(ii) Where the lease purports to be for term exceeding thirty years ;

The same duty as a Conveyance [No. 23 clause (a)] for a consideration equal to the market

value of the property which is subject of the lease.”

(iii) Explanation (5) shall be omitted.

 

[Vide Uttar Pradesh s. 9 of 2001, s. 2]

In Schedule I-B to the principal Act:—

(a) in Article 5, in clause (c). in the column relating to the proper stamp duty, for the words "Six rupees" the words “One hundred rupees" shall be substituted ;

(b) in Article 15, in the column relating to proper stamp duty, for the words set out in column below, the words set out against them in column 2 below shall be substituted, namely :—

Column 1

Column 2

One rupee and fifty paise

Two rupees

Three rupees

Four rupees

Five rupees and fifty paise

Six rupees and twenty-five paise

Eleven rupees

Twelve rupees and fifty paise

Sixteen rupees and fifty paise

Eighteen rupees and seventy-five paise

 

Twenty-two rupees

Twenty-five rupees

Twenty-seven rupees and fifty paise

Thirty-one rupees and twenty-five paise

Thirty-three rupees

Thirty-seven rupees and fifty paise

Thirty-eight rupees and fifty paise

Forty-three rupees and seventy-five paise

Forty-four rupees

Fifty rupees

Forty-nine rupees and fifty paise

Fifty-six rupees and twenty-five paise

Fifty-five rupees

Sixty-two rupees and fifty paise

Twenty-seven rupees and fifty paise

Thirty-one rupees and twenty-five paise

(c) in Article 25 —

(i) in in clause (a), in the column relating to the description of instrument, for the words "five rupees" the words "fifty rupees" shall be substituted ;

(ii) in clause (b), in the column relating to the proper stamp duty, for the words "Five rupees" the words "fifty rupees" shall be substituted.

(d) in Article 35—

(i) in clause (a), in sub-clauses (ii), (iii), (iv), (v), (vi) and (vii) in the column relating to proper stamp duty, for the existing entries, the following entries shall be substituted, namely :—

in sub-clause (ii)

"The same duty as a conveyance (no. 23), for a

consideration equal to three times the amount or value of the average annual rent reserved."

in sub-clause (iii)

"The same duty as a conveyance (no. 23), for a consideration equal to four times the amount or value of the average annual rent reserved."

in sub-clause (iv)

"The same duty as a conveyance (no. 23), for a consideration equal to five times the amount or value or the average annual rent reserved"

In sub-clause (v)

"The same duty as a conveyance (no. 23) for a consideration equal to six times the amount or

value or the average annual rent reserved."

in sub-clause (vi)

"The same duty as a conveyance (no. 23), for a

consideration equal to ten times the amount or value of the average annual rent reserved."

in sub-clause (vii)

"The same duty as a Conveyance (no. 23), for a consideration equal to one-third of the whole amount of rent which would be paid or delivered in respect of the first fifty years of

the lease."

(ii) after explanation (3), the following explanation shall be inserted, namely:—

"(4) The aggregate amount at which tolls are let, whether payable in lump sum or installments shall be deemed to be premium for the purposes of this Article.”

(e) in Article 48, after clause (e), the following clause shall be inserted, namely :—

 

"(ee) When irrevocable authority is given to the attorney to sell immovable property.---The same duty as a conveyance (no. 23) on the market value of the property forming subject of such authority".

[Vide Uttar Pradesh Act 11 of 1992, s. 5]

Amendment of Schedule I-B.— In Schedule I-B to the principal Act, —

(a) in Article 8, in clause (b), in the second column for the words “Thirty-seven rupees and fifty paise” the words and figures “the same duty as a Bond (no. 15) for Rs. 1,000” shall be substituted ;

(b) in Article 12, in clause (c), in the second column, for the words "Thirty-seven rupees and fifty paise" the words and figures "The same duty as a Bond (no. 15) for Ra. 1,000" shall be substituted ;

(c) for Article 18, the following Article shall be substituted column-wise as indicated below :—

In the column pertaining to description

In the column pertaining to proper of instrument stamp duty

“18. 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 court or by an officer, authority or body empowered under any law for the time being in force to sell such property by public auction and to grant such Certificate.”

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

(d) In Article 46, —

(i) in Part A, in clause (b), in the second column, for the words "One hundred and fifty rupees" the words and figures "The same duty as a Bond (no. 15) for Rs.4,000" shall be substituted ;

(ii) in Part B, in the second column, for the words "Thirty-seven rupees and fifty paise" the words and figures "The same duty as a Bond (no. 15) for Rs. 1,000" shall be 'substituted

(e) in Article 54, in clause (b), in the second column, for the words "Seventy-five rupees" the words and figures "The same duty as a conveyance (no. 23) for Rs. 1,000" shall be substituted

(f) in Article 55, in clause (b), in the second column, for the words, "One hundred rupees" the words and figures "The same duty as a Bond (no. 15) for Rs. 3,000" shall be substituted ;

(g) in Article 57, in clause (b), in the second column, for the words "Thirty-seven rupees and seventy-five paise" the words and figures "The same duty as a Bond (no. 15) for Rs. 1,000" shall be substituted ;

(h), in Article 61 —

(i) in clause (a), in the first column, for the words "Thirty-seven rupees and seventy-five paise" the words and figures "the duty chargeable on a conveyance for a consideration of Rs.500" Shall be substituted ;

(ii) in clause (b), in the second column, for the words, "Thirty-seven rupees and seventy-five paise" the words and figures "The same duty as a conveyance (no. 23) for a consideration of Rs. 500" shall be substituted.

 

 

[Vide Uttar Pradesh Act 19 of 1981, s. 4]

Amendment of Article 1 of Schedule I-B to Act no. 2 of 1899.— In Schedule I-B to the Indian Stamp Act, 1899, hereinafter referred to as the said Schedule, in Article 1, in the second column for the existing entry the following entry shall be substituted, namely :—

Fifty Paise.”

[Vide Uttar Pradesh Act 19 of 1982, s. 2]

Amendment of Article 2.— In the said Schedule, in Article 2, in the second column, for the existing entry, the following entry shall be substituted, namely :—

“Subject to a maximum of two hundred rupees, the same duty as on a Bond (No. 15).” [Vide Uttar Pradesh Act 19 of 1982, s. 3]

Amendment of Article 3. —In the said Schedule, in Article 3, in the second column, for the words “fifty rupees” the words “Seventy five rupees” shall be substituted.

[Vide Uttar Pradesh Act 19 of 1982, s. 4]

Amendment of Article 4. —In the said Schedule, in Article 4, in the second column, for the words “Four rupees and fifty paise” the words “Five rupees” shall be substituted.

[Vide Uttar Pradesh Act 19 of 1982, s. 5]

Amendment of Article 5.— In the said Schedule, in Article 5, in clause (c), in the second column, for the words “Five rupees” the words “Six rupees” shall be substituted.

[Vide Uttar Pradesh Act 19 of 1982, s. 6]

Amendment of Article 6. —In the said Schedule, in Article 6, in clause (2), in sub-section (a), in the second column, for the figures set out in Column 1 below, the figures set out in Column 2 below, shall be substituted :—

Column 1

Column 2

Rs. P.

Rs. P.

1 00

1 50

2 00

3 00

3 00

4 50

4 00

6 00

5 00

7 50

6 00

9 00

8 00

12 00

12 50

18 75

25 00

37 50

37 50

56 25

 

50 00

75 00

75 00

112 50

100 00

150 00

125 00

187 50

150 00

225 00

50 00

75 000

[Vide Uttar Pradesh Act 19 of 1982, s. 7]

Amendment of Article 7.— In the said Schedule, in Article 7:-

(a) in clause (a), in the second column, for the existing entry the following entry shall be substituted, namely :-

"Fifty rupees".

(b) in clause (b), in the second column, for the existing entry the following entry shall be substituted, namely:-

"One hundred .rupees."

[Vide Uttar Pradesh Act 19 of 1982, s. 8]

Amendment of Article 10.— In the said Schedule, in Article 10, in the second column, for the existing entry the following entry shall be substituted, namely :-

"Three hundred rupees."

[Vide Uttar Pradesh Act 19 of 1982, s. 9]

Amendment of Article 11.— In the said Schedule, in Article 11, in the second column, for the exiting entry, the following entry shall be substituted, namely:-

"Four hundred rupees."

[Vide Uttar Pradesh Act 19 of 1982, s. 10]

Amendment of Article 17. —In the said Schedule, in Article 17 in the second column, for the exiting entry, the following entry shall be substituted, namely :

"Twenty-five rupees."

[Vide Uttar Pradesh Act 19 of 1982, s. 11]

Amendment of Article 19.— In the Said Schedule, in Article 19, in the second column, for the exiting entry the following entry shall be substituted, namely:-

"Fifty paise"

[Vide Uttar Pradesh Act 19 of 1982, s. 12]

Amendment of Article 20.— In the Said Schedule, in Article 20, in the second column, for the exiting entry the following entry shall be substituted, namely:-

"Six rupees"

[Vide Uttar Pradesh Act 19 of 1982, s. 13]

Amendment of Article 22.— In the Said Schedule, in Article 22, in the second column, for the exiting entry the following entry shall be substituted, namely:-

"Fifty rupees"

[Vide Uttar Pradesh Act 19 of 1982, s. 14]

 

Amendment of Article 26.— In the Said Schedule, in Article 26, in the second column, for the exiting entry the following entry shall be substituted, namely:-

"Subject to a maximum of one hundred fifty rupees, the same duty as on a Bond (no. 15)." [Vide Uttar Pradesh Act 19 of 1982, s. 15]

Amendment of Article 28.— In the Said Schedule, in Article 28, in the second column, for the exiting entry the following entry shall be substituted, namely:-

"Fifty paise."

[Vide Uttar Pradesh Act 19 of 1982, s. 16]

Amendment of Article 29.— In the Said Schedule, in Article 29, in the second column, for the exiting entry the following entry shall be substituted, namely:-

"Twenty-five rupees"

[Vide Uttar Pradesh Act 19 of 1982, s. 17]

Amendment of Article 34-A.— In the Said Schedule, in Article 34-A, in the second column, for the words “Five rupees” the words “six rupees” shall be substituted.

[Vide Uttar Pradesh Act 19 of 1982, s. 18]

Amendment of Article 36.— In the Said Schedule, in Article 36, in the second column, for the exiting entry the following entry shall be substituted, namely:-

"Fifty paise."

[Vide Uttar Pradesh Act 19 of 1982, s. 19]

Amendment of Article 39.— In the Said Schedule, in Article 39, in the second column, for the words “one hundred rupees” the words “Two hundred rupees” shall be substituted and for the words “Three hundred and twenty-five rupees” the words “Five hundred rupees” shall be substituted.

[Vide Uttar Pradesh Act 19 of 1982, s. 20]

Amendment of Article 43.— In the Said Schedule, in Article 43, —

(a) in clause (a), in the second column for the existing entry, the following entry shall be substituted, namely :

"One rupee."

(b) in clause (b), in the second column, for the existing entry, the following entry shall be substituted, namely:—

"Subject to a maximum of seventy-five rupees; one rupee for every, Rs. 10,000 or part thereof of the value of the stock or security.”

[Vide Uttar Pradesh Act 19 of 1982, s. 21]

Amendment of Article 44.— In the said Schedule, in Article 44, in the second column; for the existing entry, the following entry shall be substituted, namely:—

"Three rupees."

[Vide Uttar Pradesh Act 19 of 1982, s. 22]

Amendment of Article 48. –In the said Schedule, in Article 48, —

(a) in clause (a), in the second column, for the words "Two rupees and fifty paise" the words "Three rupees" shall be substituted ;

(b) in clause (b), in the second column, for the words "Five rupees” the words "Six rupees" shall be substituted ;

(c) in clause (c), in the second column, for the words "Twenty rupees” the words "Twenty-four rupees" shall be substituted;

 

(c) in clause (c), in the second column, for the words "Twenty rupees” the words "Twenty-four rupees" shall be substituted;

(e) in clause (f), in the second column, for the words "Five rupees” the words "Six rupees" shall be substituted.

[Vide Uttar Pradesh Act 19 of 1982, s. 23]

Amendment of Article 50.— In and said Schedule, in Article 50, in the second column, for the existing entry, the following entry shall be substituted, namely:—

"Five rupees."

[Vide Uttar Pradesh Act 19 of 1982, s. 24]

Amendment of Article 51.— In the said Schedule, in Article 51, in the second column, for the existing entry, the following entry shall be substituted, namely:—

"Five rupees."

[Vide Uttar Pradesh Act 19 of 1982, s. 25]

Amendment of Article 58.— In the said Schedule, in Article 58 in item B, in the second column, for the existing entry, the following entry shall be substituted, namely:—

"The same duty as a Bond (No. 15) for a sum equal to the amount or value of the property concerned, but not exceeding fifty rupees."

[Vide Uttar Pradesh Act 19 of 1982, s. 26]

Amendment of Article 60.— in the said Schedule, in Article 60, in the second column, for the existing entry the following entry shall be substituted, namely:—

"Fifty paise."

[Vide Uttar Pradesh Act 19 of 1982, s. 27]

Amendment of Article 62.— In the said Schedule under Article 62:—

(a) in clause (c), in sub-clause (ii), in the second column, for the words "Thirty-seven rupees and seventy-five paise" the words "Seventy-five rupees" shall be substituted ;

(b) in clause (d), in the second column, for the existing entry, the following entry shall be substituted, namely :—

"Sixty-seven rupees and fifty paise" ;

(c) in clause (e), in the second column, for the existing entry, the following entry shall be substituted, namely—

"Thirty-four rupees or such smaller amount as may be chargeable under clauses (b) and (c) of this article."

[Vide Uttar Pradesh Act 19 of 1982, s. 28]

Amendment of Article 64.— In the said Schedule, in Article 64, in Part A, in clause (b), in the second column, for existing entry, the following entry shall be substituted, namely:—

"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."

[Vide Uttar Pradesh Act 19 of 1982, s. 29]

Amendment of Article 65.— In the said Schedule, in Article 65, the second column, for the existing entry, the following entry shall be substituted, namely:—

"Three rupees."

[Vide Uttar Pradesh Act 19 of 1982, s. 30]

 

Amendment of Schedule 1-B to Act no. 2 of 1899.— In Schedule I-B to the Indian Stamp Act, 1899, hereinafter referred to as the principal Act in Article 5 (Agreement or Memorandum of an Agreement) after clause (b), the following clause shall be inserted, namely :—

“(b-1) if relating to the sale of an immovable property where, in part performance of the contract possession is admitted to have been delivered or is

agreed to be delivered without executing the conveyance :—

The same duty as on conveyance (No. 23) on one half of the amount of consideration as set forth in the agreement.

Provided that when conveyance in pursuance of such agreement—

 

(i) is executed, the duty paid under this clause shall be adjusted towards the total

duty payable on the conveyance ;

 

(ii) is not executed, the duty paid under this clause in excess of the duty payable under clause (c) shall subject to the rules be refunded without any deduction on an application being made for the purposes not beyond 6 months from the expiration of the period during which conveyance

could have been executed in pursuance of the agreement.”

 

[Vide Uttar Pradesh Act 22 of 1990, s. 2]

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