In this article, Anubhav Kumar Pandey mentions the stamp duty applicable for the most common documents in the 6 metro cities of India.
What is a stamp duty
Stamp duty’ means a tax payable on certain legal documents specified by statute. The duty may be fixed or ad valorem meaning that the tax paid as a stamp duty may be a fixed amount or an amount which varies based on the value of the products, services or property on which it is levied. It is a kind of tax paid on any transaction based on the exchange of documents or execution of instruments. Different state has their different laws relating to stamp duty. Here is an exhaustive list of most common documents and their stamp duty in 6 metro cities of India. Delhi, Mumbai, Kolkata, Bengaluru, Hyderabad and Chennai.
Description of documents | Delhi | Mumbai | Kolkata | Chennai | Hyderabad | Bengaluru |
Acknowledgment of debt above 20 Rupees | 1 | 1 to (1 rs for every hundred Rs) | 1 | 1 | 1 | 2Rs |
Administration bond (where amount exceeds 1000 Rs) | 100 | 100 | 50 | 4 Rs for every 100 Rs | 50 | 100 |
Adoption deed | 500 | 200 | 50 | 1000 | 100 | 500 |
Affidavit | 100 | 100 | 10 | 100 | 20 | 10 |
MoA(sale of a bill of exchange) | 1rs for every 10000 | 10.005% of amount | 50 paise | 1rs for every 10000 | 5 | 1rs for every 10000 |
APPOINTMENT IN EXECUTION OF A POWER whether of trustees or of property | 100 | 100 for trustee 200 for immovable property |
50 | 100 | 100 | 1000 |
APPRENTICESHPDEED | 10 | 100 | 15 | 100 | 50 | 50 |
ARTICLES OF ASSOCIATION OF A COMPANY:- | 0.15% of the Authorise share capital with a monetary ceiling of Rs.25 Lakhs | 1000 Rs for every 5,00,000 and subject to maximum 50,00,000 | 150 for share below 1 lakh 300 for share above 1 lakh |
1000 rs for every 5,00,000 and subject to maximum 50,00,000 | No share 1000 With share 0.15% of such authorised Share Capital subject to a minimum of One Thousand Rupees and a maximum of Five Lakh Rupees. |
500 for every 10,00,000 |
DIVORCE | 100 | 100 | 50 | 100 | 50 | 100 |
Entry Advocate | 500 | 500 | 500 | 700 | 500 | 500 |
LETTER OF ALLOTMENT OF SHARES | 1 | 1 | 60 paise | 10 | 2 | 1 |
Revocation of will | 100 | 100 | 25 | 100 | 300 | 100 |
Release, whereby a person renounces a claim upon another person or against any specified property | 100 | When ancestral property Rupees 200 In other cases, 5% of the consideration amount of the property. |
50 | Between family members, 1 Rupees for every 100 rupees. Other than family members, 7 rupees for every 100 rupees. |
For amount less than 1000 rupees, 3 Rupees for every 100 Rupees |
Between family, rupees 1000 Not between family 5% of the consideration amount |
LETTER OF LICENSE | 100 | 100 | 50 | 100 | 100 | 100 |
NOTARIAL ACT (notary) | 5 | 25 | 10 | 20 | 10 | 10 |
PROTEST OF BILL OR NOTE | 10 | 100 | 10 | 100 | 10 | 10 |
SHIPPING ORDER | 1 | 1 | 20 paise | 100 | 10 | 2 |
WARRANT FOR GOODS | 1 | 1 | 1 | 100 | 20 | 10 |
CANCELLATION–Instrument of, if attested and not otherwise provided for | 100 | 100 | 25 | 100 | 300 | 100 |
Description of documents | Delhi | Mumbai | Kolkata | Chennai | Hyderabad | Bengaluru |
Loan agreement | 150 | Below 10L- 0.1% rest 0.2% | 100 | 120 | 200 | 150 |
Power of attorney of immovable property | 5% of the consideration amount | 5% of the consideration amount | 6% of the consideration amount | 4% of the consideration amount | 5% of the consideration amount | 7.5% of the consideration amount |
Deed of hypothecation | 150 | Below 5L 0.1%. Above 5L 0.2% | 100 | 120 | 0.5% of loan amount. Maximum 2L | Rs 10 for every 10,000 maximum 10,000 |
Pledge of movable property | 0.5% if the amount with a maximum of 50,000 | Below 5L 0.1%. Above 5L 0.2% | Rs 10 for every 1000 | Rs 5 for every 1000 | 0.5% of the amount with a maximum of 2 lakh | 0.5 paise for every 100 rs. Maximum of Rs 10,000 |
Letter of set off | 100 | 50 | 50 | 20 | 100 | 50 |
Nondisposable undertaking | 100 | 50 | 50 | 20 | 100 | 50 |
Fax indemnity | 150 | 300 | 100 | 120 | 200 | 150 |
Letter of guarantee | 150 | Below 10 lakh 0.1% rest 0.2% | 100 | 120 | 200 | 15 |
Indemnity for bill discounting limit | 150 | 300 | 100 | 120 | 200 | 150 |
Sale of immovable property | 5% of the consideration amount | 5% of the consideration amount | 6% of the consideration amount | 2% of the consideration amount | 4% of the consideration amount | 5% of the consideration amount |
ARTICLES OF CLERKSHIP | 400 | 750 | 250 | 250 | Not available in the schedule of the state act | Not available in the schedule of the state act |
Award in the case of arbitration | 1 Re for every 1000 Rs | 100 | Rupee one subject to a maximum of rupees one hundred. | One percent of the amount of award subject to a maximum of one thousand rupees. | 50 | 5%] on the amount or market value of the property(which is the subject matter of award), whichever is higher |
Composition deed | 100 | 200 | 50 | 100 | 100 | 100 |
Counterpart or duplicate of any instrument | 10 | Same as on the original. Maximum 100 | 5 | 100 | 50 | Same as original. Maximum of 500 |
Protest of Bill or notes | 10 | 100 | 10 | 100 | 3 | 10 |
Delivery order in respect of goods | 1 | 10 | 1 | 100 | 20 |
XXX Not levied. |
Copy or extract certified to be a true copy. | 10 | 10 | 10 | 100 | 10 | If the duty charge does not exceed 5 rs → 5Rs Else → 10Rs |
Gift deed (not a will or settlement) | 5% of the consideration amount | 5% of the consideration amount or Rs 10 for every Rs 500 (whichever is less) |
Made to Family → One-half of one per centum of the market value of the property → 6% of the consideration amount |
To family → One rupee for every one hundred rupees. To others→ 2% of the consideration amount |
4% of the consideration amount | 5% of the consideration amount |
Declaration of trust | 5% of the consideration amount | For religious purposes, 10 Rupees for every Rupees 500 For other,5% of the consideration amount |
For every Rs. 500 or part thereof in excess of Rs. 1,000 Rupees twenty. |
200 | 4% of the consideration amount |
Made for religious purposes where there is no transfer or disposition of property in any way, 1000 Rupees 5% of the consideration amount |
Composition deed. A person conveys his property for the benefit of other. | 100 | 200 | 50 | 100 | 35 | 100 |
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References:
Indian Stamp (Delhi Amendment) Act,2012- Delhi
Bombay Stamp (Third Amendment) Act, 2003- Maharashtra
Indian Stamp Act, 1899- West Bengal
Karnataka Stamp Amendment Act, 2016
Indian Stamp Act 1899- Tamil Nadu
Indian Stamp Act 1899- Andhra Pradesh
Dear Mr. Pandey, the information which you have posted with respect to stamp paper as I deal with documentation work in delhi and I am sure that information shared by you in no way correct and for the same I request the readers to please refer the Delhi Stamp duty Act, which has the correct information of the same.