Stamp duty 50 common documents

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. 

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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,

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3 Rupees for every 100 Rupees
For amount exceeding 1000 Rupees, Same as above in addition for every Rs. 500 or part thereof in excess of Rs.1000/- fifteen rupees on the consideration or market value of the property,

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
To others

→ 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
Where the trust made involves transfer/disposition of property,

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

 

1 COMMENT

  1. 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.

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