W.e.f. Any instrument executed in the state of Maharashtra shall be liable for payment of Stamp duty according to Section 3 of the Act at the rates provided in Schedule I to The Maharashtra Stamp Act. Any party to an instrument can also. VALUATION, See Appraisement (Article 8). In simple terms, we can call Stamp Duty as Price of Stamp paper. The authenticity of the Stamp Certificate can be verified at Authorised Collection Centers (ACCs), SHCIL Offices and Sub-registrar Offices (SROs). It is imposed by states and therefore, the rates will vary from one state to another. The stamp paper used for paying stamp duty on an LLP agreement is non-judicial stamp paper. However, the heading Other Stamp Duty covers electronic share trading (CREST), Stamp Duty on financial cards and Stamp Duty levies. How much are stamp duty and registration charges in Karnataka for agricultural land? Stamp duty is a levy payable on instruments specified by statute on a fixed or on ad valorem basis. on the market value shall be substituted; (ii) the words whichever is less shall be deleted. LEASE, including under lease or sub-lease and any agreement to let or sublet or any renewal of lease--, The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of article 25, on 10 % of the market value of the property, (ii) for a period exceeding 5 years but not exceeding 10 years, with a renewal clause contingent or otherwise. 100+50=150 And just to be sure that something is not left out. The same duty as a conveyance under clause (a), (b), or (c), as the case may be, of Article 25, for a sum equal to the amount settled or the market value of the property settled. 9.17 Punishment for prevention or obstruction to entry of Officer exercising powers u/s. Aftersection 68of the principal Act, the following section shall be inserted, namely : 68A. Explanation for the purposes of this Article, not withstanding anything contained herein above, the highest duty on either of the property exchanged shall be chargeable. For charging stamp duty, the instrument is not to be treated by the name it bears but by the substance or real nature of the transaction recorded therein. MSFPhover = every order made by the High Court u/s. Stamp duty is a duty payable upon the execution of certain instruments or documents specified in the Indian Stamp Act, 1899 ("IS Act") or the relevant state Stamp Act as the case maybe. Stamp Duty and Property Stamp Duty and shares, stocks and marketable securities Stamp Duty and leases Gifts and inheritances In Maharashtra, stamp duty charges on the market value of the property or on the agreement value . Revocation of -- of, or concerning, any property when made by any instrument other than a Will. Insection 72of the principal Act, (i) in clause (a) the word and shall be deleted; (ii) after clause (a), the following clause shall be inserted, namely : (a-a) powers conferred on it by clause (b) of section 9, to the Additional Controller of Stamps, Mumbai or any other officer; and.. 100 or an amount equal to 5% of the amount of consideration, whichever is higher, (iii) any Municipal Corporations other than those Municipal Corporations mentioned in columns (i) and (ii)--, Rs. However, once the market value of a property crosses over Rs.30 Lakh, the buyer is required to pay 1% of the market value as the . Explanation For the purposes of this sub clause, the unit shall include a flat, apartment, tenement, block or any other unit by whatever name called, as approved by the Competent Authority in the building plan. e-Registration of Leave and License Agreement. As per Article 5(h)(B) of Schedule I of the Act, read with Section 4 of the Act and as per the latest judgement of Bombay High Court on writ petition of Prabha Laxman Ghate and PIL of Chandrakant Nanekar, the stamp duty on free flats/ galas given to owner of the land by the developer is chargeable with Rs. STAMPS TO BE USED -- Adhesive Stamp, Rule 13 (f) or Non-Judicial Stamp, Rule 6. Now, with the passage of this bill, this one year set-off period has now been extended to three years. 25-3-2013: As per amended Section 17 of Registration Act, 1908 registration of: Irrevocable Power of Attorney relating to transfer of immovable property in any way, executed on or after 1-4-2013. MHADA, CIDCO, BPT, MC, MIDC etc., or Income Tax Dept. 0.25 % of the total sum of --- (i) the license fees or rent payable under the agreement; plus (ii) the amount of non- refundable deposit or money advanced or to be advanced or premium, by whatever name called; plus (iii) the interest calculated at the rate of 10% p.a. But since most service agreements have an indemnity clause, the same is to be read with entry 34 of the same act, i.e. 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 written agreement to submit, present or future differences to Arbitration but not being an award directing a partition--. // --> sea eagle boats complaints