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A lease agreement may be written. Subsequently, if a lease deed is written in accordance with that agreement, the stamp duty payable on the deed shall not exceed 50 paise.
Exceptions (without payment of stamp duty):
(a) To an agriculturist, a lease deed may be written solely for the purpose of agriculture. (including the lease of trees for the production of food and drink) where the lease is granted for a fixed period not exceeding one year and no fine or premium is paid or delivered, or where the reserved annual rental value does not exceed one hundred rupees, any such lease deed Need to pay stamp duty.
(b) Deleted.
(36) Document relating to allotment of shares - in respect of shares in any company, or of a company not to be formed, or of a loan to be taken by the said company.
12 paise
(37) Letter of Credit - A document given by one person to another person asking him to lend money to a person he proposes or says.
One rupee
(38) Letter of license is an agreement entered into between the debtor and the creditors. (Following the agreement, the lenders agree not to take any action against the borrower for a certain period of time. During that period the borrower is free to do business).
Ten rupees
(39) Memorandum of association of a company:
(a) When Articles of Association are also annexed under Section 37 of the Indian Companies Act, 2013;
(b) Cases where Articles of Association are not attached as above.
Exemption (without payment of stamp duty):
Memorandum of Association of a not-for-profit company registered under the Indian Companies Act, 2013;
Fifteen rupees
40 rupees
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(40) Mortgage Deed - (Deposit of Title Deeds, Pawn or Pledge (Article-6), Bottomry Bond (Article-16), Culinary (Crop) Mortgage - Article-41), Resfodentia Bond (Article-56), Security Bond (except Article-57).
(a) Mortgagor taking possession of, or agreeing to take possession of, the mortgaged property.
(b) Cases where the mortgaged property is not in possession of the mortgagor
Explanation: If the mortgagor has given a power of attorney to the mortgagor to collect the rent or rent arising from the mortgaged property, the said property shall be deemed to be in possession of the mortgagor for the purposes of this article.
In cases where an additional guarantee is given in addition to, in addition to, or as an alternative or auxiliary or collateral to the mortgage referred to above, such additional security
When not exceeding one thousand rupees
Exemptions (without paying stamp duty) for every thousand rupees after exceeding one thousand rupees :
(a) under the Land Development Loans Act, 1883, or the Agricultural Borrowers' Loans Act, 1884, or in respect of securities given as security for such loans;
(b) A deed of hypodication attached to a bill of exchange
(c) Deleted.
(41) Deeds of mortgage on crops i.e. written contracts agreeing to pay a debt with the proceeds of the mortgaged crops (whether or not there is a crop at the time of mortgage) are also covered by this article:
(a) when the agreement is written to settle the debt within three months from the date of writing of the document and the debt does not exceed two hundred rupees;
After exceeding two hundred rupees, for every two hundred rupees
For the amount obtained by way of mortgage. In the same manner that stamp duty is payable under conveyance deed (Article-23) on equitable consideration.
In the same manner that stamp duty is payable under the bond (Article-15) on the amount secured by the mortgage.
Fifty paise is fifty paise
Six paise
Six paise
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(b) when the agreement is written to settle the debt within eight months, exceeding three months from the date of writing of the document;
When the loan does not exceed hundreds of rupees
-After exceeding one hundred rupees, for every hundred rupees
(42) A notary or a person lawfully acting as a notary, for rendering services as a notary, makes or signs any document as part of his duties, endorses, notes, attests etc.
(43) Note or memorandum by a broker or agent informing the employer of purchases made on behalf of the employer.
(a) When the value of goods purchased does not exceed twenty rupees
(b) when the value of the star or marketable securities purchased exceeds twenty rupees
(44) Note of protest by owner of a vessel
(45) Partition deed (as defined in block (15) of section (2));
12 paise
12 paise
One rupee
12 paise
Six paise for every ten thousand rupees (maximum ten thousand rupees)
40 paise
| Same as payment of stamp duty under bond (Article 15) on value of separated share or shares.
| Note : After the distribution of the share, the largest share (or) of all the shares can be divided into two or more shares When distributed and all the shares are of equal value, the value of one share is the preferred share.
At the same time
(a) A contract may be entered into in respect of part delivery. Thereafter a partition deed may have been written accordingly. In such cases, apart from the stamp duty paid on the partnership deed, the remaining stamp duty is on the partnership deed.
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(Provided that the said stamp duty shall not be less than 50 paise)
(b) Where any land is acquired by way of revenue settlement for a period not exceeding 30 years (the assessment charge being fully paid), stamp duty shall be assessed not exceeding five times the annual revenue.
(c) any revenue authority, or civil judicial authority, or arbitrator may have passed an order directing partial distribution. The stamp duty required for delivery of the part may have been paid on the said order. Subsequently, when a deed of partition is written in pursuance of the said order, stamp duty not exceeding fifty paise shall be payable on the said deed.
(46) Partnership Deed :
(A) Partnership Deed
(a) When the value of partnership investment does not exceed Rs.500
(b) In other cases
(B) Cancellation of Pawn or Pledge
Insurance policy
Two rupees fifty paise
Ten rupees is five rupees
(47)
(A) Voyage Insurance (pursuant to section (7) of the Indian Stamp Act) for every voyage)
(1) for or upon any voyage
(i) When the premium or consideration does not exceed the rate of 1/8 per cent of the sum insured
If the policy is drawn singly, five paise if drawn in duplicate part of the policy.
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(ii) In remaining cases
(Insurance Policy Fifteen Hundred Rupees or part thereof
(2) For time
(iii) In cases where the term of insurance does not exceed six months for every thousand rupees of the insurance policy or part thereof;
When the insurance period is more than six months and not more than 12 months
(B) All other types of insurance (all not specifically mentioned in this article) in respect of goods, crops, personal effects, commercial losses of all kinds, fire, etc.
(1) In case of original policy (when the policy is taken publicly)
(i) When the sum insured does not exceed five thousand rupees
(ii) in other cases (and)
(2) On every occasion on which the policy of insurance is extended (on every occasion on which the premium is paid)
(C) Insurance against accidents and health problems:
(a) Insurance against railway accidents (limited to one journey) (No stamp duty payable on policies issued to passengers traveling in intermediate or third class)
(b) in all other cases (when the sum insured does not exceed one thousand rupees for one journey, or one sickness, and for every one thousand rupees when the sum insured exceeds one thousand rupees,
Stamp duty payable
If the policy is taken single
Five paise
Take the duplicate part of the policy
If there is five paise
If the policy is taken single
Ten paise
Duplicate part of policy
Five paise if taken
If the policy is taken single
Ten paise
Duplicate part of policy
Five paise if taken
25 paise
50 paise
Primarily half of the stamp duty paid on taking out the insurance, and stamp duty payable on the excess amount under Article 53.
Five paise
Ten paise
(However, in the event of death due to an accident, the insurance pays out in the case of the policy
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If the premium does not exceed Rs.2.50 paise per thousand rupees, stamp duty of five paise per thousand rupees shall be payable on the maximum amount payable under the insurance policy concerned.
Five paise
(cc) on every one hundred rupees of premium in the case of an insurance policy covering compensation payable to workmen under the Workmen's Compensation Act, 1923;
(d) life insurance, or group insurance, or unspecified insurance policies (excluding re-insurance referred to under clause (e) of this article) :
(1) In cases where Sum Assured does not exceed Rs.250/-s
(ii) In cases where Sum Assured exceeds Rs.250/-, not exceeding Rs.500/-
10 paise if policy is taken single and 5 paise per part when policy is taken in duplicate
10 paise if the policy is taken single and 5 paise for each part when the policy is taken in duplicate
(iii) Sum Assured exceeding Rs.500/- up to one thousand rupees, and for every thousand rupees beyond one thousand rupees
Twenty paise if the policy is taken single and ten paise for each part when the policy is taken in duplicate
Note: A group insurance policy may be extended. Or it may be modified in some other way. The Sum Assured, which is extended or revised in that order, may be higher than the Sum Assured earlier. In such cases, additional stamp duty is payable on the sum assured thereby increased.
Exemption (without payment of stamp duty):
Pursuant to the Postal Life Insurance Rules under the authority of the Central Government, stamp duty is not levied on life insurance policies issued by the Director General of Post Offices.
(E) Cases where a policy of insurance issued by one insurance company is reinsured by another company under clauses (a) or (b) of this article;
One-fourth of the stamp duty paid under the first policy. (Minimum five paisa, maximum not exceeding fifty paisa).
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Exception (without payment of stamp duty):
Covering letter or engagement for issue of insurance policy. (However, if the said letter of engagement does not bear the stamp prescribed by this Act in respect of the said policy, no claim under that policy shall exist or be availed of in any way (except to demand delivery of the policy referred to in the letter).
(48) Power of attorney: as defined in clause (21) of section (2) (except by proxy in Article 52):
(a) A written power of attorney for the registration of one or more documents in respect of a single transaction, or for the purpose of accepting such documents as written.
(b) written power of attorney in respect of a suit or proceeding under the Presidency Small Claims Court Act, 1882;
(c) a written power of attorney authorizing one or more persons to carry out only one transaction, except as referred to in clause (a);
(d) written power of attorney authorizing not less than five persons (either separately or jointly) to carry out more than one transaction, or all affairs (generally).
(e) written power of attorney authorizing more than five persons (not exceeding ten persons) to carry out more than one transaction, or all affairs (generally) (either separately or jointly);
(f) a power of attorney granted in consideration, and a written power of attorney authorizing the sale of any immovable property.
(g) Power of Attorney in other cases
Note: Registration means all activities incidental to registration under the Registration Act.
Explanation: For the purposes of this article several persons in one form shall be treated as one person.
50 paise
50 paise
One rupee
Five rupees
Ten rupees
on the consideration paid, as payable on the conveyance deed referred to in Article 23
One rupee per authorized person.
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(49)
Promissory note (as defined in clause (22) of section (2)):
(a) A promissory note drawn up payable on demand:
(i) the amount mentioned in the note, or the value Rs. 250/- not exceeding s
Five paise
(ii) when the amount or value exceeds Rs.250/- and does not exceed one thousand rupees;
Ten paise
(iii) in other cases
Fifteen paise
(b) other forms of promissory notes, other than promissory notes drawn up payable on demand;
One-fifth of stamp duty payable on bill of exchange (Article 13)
(50) Protested bill, or promissory note : (Written declaration by a notary public or person acting as such that a bill of exchange, or promissory note has been rejected).
One rupee
(51)
Cases where the master of a ship has protested :
One rupee
(i.e. a detailed declaration by the master in respect of each voyage, such declaration to be attested by a notary public to enable the adjustment or average of the losses in respect of that vessel).
(52)
that is to say, in connection with the election of a district board, or a local board, or a body of municipal commissioners, a person empowers another person to vote on his behalf, or a person to vote on his behalf at any meeting of the members of an incorporated company, or any other body corporate, on the occasion of any election. Transfer of power, etc.
Fifteen paise
(53)
Receipt (as defined in sub-section (23) of section (2) in respect of a sum exceeding five thousand rupees or any other property of value
One rupee
Exemption (without payment of stamp duty):
No stamp duty is payable on receipts mentioned below.
(a) A receipt mentioned in, or endorsed on, a document on which stamp duty has been sufficiently paid. Receipt mentioned in, or endorsed on, documents exempted by Probicho under section (3).
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A written receipt endorsing the receipt of the consideration mentioned in a bill of exchange or promissory note drawn to be payable immediately upon demand. or a receipt given by them for principal, or annual remuneration or payments made at fixed periods.
(b) Receipt for payment of money without consideration.
(c) a receipt issued by an agriculturist for payment of rent to Government in respect of land, or a receipt for land rent paid by an agriculturist to Government in the States of Madras, Bombay and Andhra before 1-11-1956 in respect of enam lands.
(d) Receipts in respect of wages and allowances paid to soldiers, sailors, air force personnel, non-commissioned or petty officers and mounted police constables of the Indian Infantry, Naval Forces, Air Force.
(e) Receipts given by family certificate holders in respect of soldiers etc. referred to in clause (d).
(f) Receipts issued in respect of pension and other allowances paid to soldiers etc. referred to in clause (d).
(g) Receipts given by the village headman or lambardar in respect of the land survey or taxes collected by him.
(h) Receipts given in respect of money or securities deposited with a banker.
However, this exemption does not apply to debentures (marketable security), allotment of shares, receipts for acknowledgment of money paid or deposited belonging to any incorporated company or any other body corporate.
(54) Reconveyance of mortgaged property :
(a) In cases where the consideration in respect of the mortgaged property does not exceed one thousand rupees
(b) In other cases
(55) Release deed means the relinquishment by another person of his right to claim in respect of, or against, a particular property (except for release deeds under Article-28(a)):
Same as stamp duty paid on conveyance deed on consideration mentioned in re-conveyance (1-23)
Ten rupees
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Stamp duty payable
(a) in cases where the amount of the claim, or the value of the claim does not exceed one thousand rupees;
Similar to stamp duty payable on bond in cases where the amount or value mentioned in the redemption deed does not exceed one thousand rupees (Article-15)
(b) In other cases
Five rupees
(56) Responsibility bond means securing a loan against goods carried in a ship. (On condition of repayment of said loan when the ship reaches its destination):
Same as stamp duty paid on bond (Article 15) on amount borrowed.
(57) A security bond or mortgage deed given as security in respect of an office, or as security for any money, or as security for the performance of a contract :
(a) When the sum assured does not exceed one thousand rupees
Five rupees as per stamp duty payable under Bandhu on the sum assured
(b) In other cases
Exemptions (without payment of stamp duty):
(a) a bond or other deed as security for the performance of duties to be performed under the River Act by an officer appointed under section 99 of the Bengal Irrigation Act, 1876;
(b) a security bond given by a person for a charitable dispensary, or hospital, or any other charitable work, stating that the monthly income from private subscriptions is less than a specified amount.
(c) the security, bond given under rule 3 (a) of the rules made by the State Government under section of the Bombay Irrigation Act, 1879;
(d) a security bond given by persons who have received advances under the Land Development Loans Act, 1883, or the Agricultural Loans Act, 1884, or their guarantors, in respect of the repayment of such advances.
(e) a security bond given by public servants or their guarantors in respect of money or goods received in connection with the proper performance of their office duties, or as part of the performance of their office duties.
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