The Lakshadweep (Indian Stamp Amendment) Regulation, 2025

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REGISTERED NO. DL—(N)04/0007/2003—25

रजिस्ट्री सं॰ डी॰ एल॰—(एन)04/0007/2003—25

सी.जी.-डी.एल.-अ.-26122025-268827

CG-DL-E-26122025-268827

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असाधारण

EXTRAORDINARY

भाग II — खण्ड 1

PART II — Section 1

प्राधिकार से प्रकाशित

PUBLISHED BY AUTHORITY

सं॰ 65] नई दिल्ली, शुक्र वार, दिसम्बर 26, 2025/पौष 5, 1947 (शक)

No. 65] NEW DELHI, FRIDAY, DECEMBER 26, 2025/PAUSHA 5, 1947 (Saka)

इस भाग में भिन्न पृष्ठ संख्या दी जाती है जिससे कि यह अलग संकलन के रूप में रखा जा सके।

Separate paging is given to this Part in order that it may be filed as a separate compilation.

MINISTRY OF LAW AND JUSTICE

(Legislative Department)

New Delhi, the 26th December, 2025/Pausha 5, 1947 (Saka)

THE LAKSHADWEEP (INDIAN STAMP AMENDMENT) REGULATION, 2025

No. 20 of 2025

Promulgated by the President in the Seventy-sixth Year of the Republic of India.

A Regulation further to amend the Indian Stamp Act, 1899 in its application to the

Union territory of Lakshadweep.

In exercise of the powers conferred by article 240 of the Constitution, the

President is pleased to promulgate the following Regulation made by her:––

1. (1) This Regulation may be called the Lakshadweep (Indian Stamp

Amendment) Regulation, 2025.

Short title, extent and commencement.

(2) It extends to the whole of the Union territory of Lakshadweep.

(3) It shall come into force on such date as the Administrator of the Union territory of Lakshadweep may, by notification in the Official Gazette, appoint.

2 of 1899.

2. Throughout the Indian Stamp Act, 1899 (hereinafter referred to as the principal Act), for the word and letter "Schedule I", the words "the Schedule" shall be substituted.

Construction of reference of certain expressions by certain other expressions.

3. In section 3 of the principal Act, for the existing proviso, the following

Amendment of section 3.

proviso shall be substituted, namely:––

"Provided that except as otherwise expressly provided in this Act and

notwithstanding anything contained in clause (a) or clause (c) or the Schedule [as so substituted vide the Lakshadweep (Indian Stamp Amendment) Regulation, 2025], the amount indicated in that Schedule shall be the duty chargeable on the following instruments, namely:––

(a) every instrument mentioned in the Schedule [as so substituted vide the Lakshadweep (Indian Stamp Amendment) Regulation, 2025] as chargeable with duty under that Schedule which, not having been previously executed by any person, is executed in the Union territory;

(b) every instrument mentioned in the Schedule [as so substituted vide the Lakshadweep (Indian Stamp Amendment) Regulation, 2025] as chargeable with duty under that Schedule which, not having been previously executed by any person, is executed out of the Union territory,

on or after the date of commencement of the Lakshadweep (Indian Stamp Amendment) Regulation, 2025, and relates to any property situated or to any matter or thing done in the Union territory.".

4. In section 11 of the principal Act, in clause (a), for the words "ten naye

Amendment of section 11.

paise", the words "one rupee" shall be substituted.

5. In section 31 of the principal Act, in sub-section (1), for the words "fifty

Amendment of section 31.

naye paise", the words "one rupee" shall be substituted.

Amendment of section 32.

6. In section 32 of the principal Act, in sub-section (3), in clause (c) of the proviso, for the words "ten naye paise", the words "one rupee" shall be substituted.

7. In section 34 of the principal Act, for the words "ten naye paise", the words

Amendment of section 34.

"one rupee" shall be substituted.

8. In section 40 of the principal Act, in sub-section (1), for the words "ten naye

Amendment of section 40.

paise", the words "one rupee" shall be substituted.

9. In section 41 of the principal Act, for the words "ten naye paise", the words

Amendment of section 41.

"one rupee" shall be substituted.

10. In section 47 of the principal Act, for the words "ten naye paise", the words

Amendment of section 47.

"one rupee" shall be substituted.

11. In section 53 of the principal Act, in clause (c), for the words "ten naye

Amendment of section 53.

paise", the words "one rupee" shall be substituted.

12. In section 54 of the principal Act, for the words "ten naye paise", the words

Amendment of section 54.

"one rupee" shall be substituted.

13. In section 69 of the principal Act, in clause (b), for the words "ten naye Amendment of section 69.

paise or five naye paise", the words "one rupee" shall be substituted.

14. In section 74 of the principal Act, in the proviso, for the words "ten naye Amendment of section 74.

paise or five naye paise", the words "one rupee" shall be substituted.

15. In section 77A of the principal Act, for the words "twenty-five naye paise", Amendment of section 77A.

the words "one rupee" shall be substituted.

16. In section 78 of the principal Act, in clause (b), for the words "twenty-five Amendment of section 78.

naye paise", the words "one rupee" shall be substituted.

17. After section 78 of the principal Act, the following section shall be Insertion of new section 78A.

inserted, namely:—

"78A. If the total amount of duty payable, or of allowance to be made, under this Regulation is not a multiple of one rupee, the total amount shall be rounded off to the next higher multiple of one rupee.".

Duty or allowance to be rounded off to next higher multiple of one rupee.

18. For Schedule I of the principal Act, the following Schedule shall be Substitution of Schedule I. substituted, namely:—

'THE SCHEDULE

(See section 3)

Sl. No. Description of Instrument Proper stamp duty

(1)

(2)

(3)

1. ACKNOWLEDGEMENT OF A DEBT.––

An acknowledgement of a debt exceeding Rs. 5,000 in amount or value, written or signed by or on behalf of, a debtor in order to supply evidence of such debt in any Book (other than a Banker's pass book) or on a separate piece of paper when such Book or paper is left in the creditor's possession:

Provided that such acknowledgement does not contain any promise to pay the debt or any stipulation to pay interest or to deliver any goods or other property,

Where the amount or value of such debt—

(a) exceeds Rs. 5,000 but does not exceed

Rs. 10.

Rs. 10,000;

(b) exceeds Rs. 10,000 but is less than Rs. 30.

Rs. 10,00,000; and

(c) is Rs. 10,00,000 and above. Rs. 50.

2. ADMINISTRATION BOND.––With respect to Administration Bond including a bond given under the Government Savings Promotion Act, 1873 (5 of 1873), the Guardians and Wards Act, 1890 (8 of 1890), the Indian Succession Act, 1925 (39 of 1925) or the Administrator-Generals Act, 1963 (45 of 1963)—

(a) where the amount does not exceed Rs. 200.

Rs. 2,000;

(b) in any other case. Rs. 200.

Rs. 250.

3. ADOPTION DEED.––With respect to Adoption Deed, any instrument (other than a Will) recording an adoption or conferring or purporting to confer an authority to adopt.

Rs. 20.

4. AFFIDAVIT.—With respect to Affidavit including an affirmation or declaration in the case of persons by law allowed to affirm or declare instead of swearing.

Exemptions.

Affidavit or declaration in writing when

made—

(a) as a condition of enrolment in the

Armed Forces of the Union;

(b) for the immediate purpose of being filed or used in any court or before the officer of any court; or

(c) for the sole purpose of enabling any person to receive any pension or charitable allowance.

5. AGREEMENT OR MEMORANDUM OF AGREEMENT.––With respect to an Agreement or Memorandum of such Agreement––

(a) if relating to the sale or a bill of

exchange;

Rupee one for every Rs. 10,000 or part thereof.

(b) if relating to the purchase or sale of Government security or share in an incorporated company or other body corporate;

Rupee one for every Rs. 10,000 or part thereof of value of the share property.

(c) if relating to an agreement for the sale

of an immovable property;

2% of the market value of the immovable property, subject to a minimum of Rs. 100 and rounded up to the nearest hundred in its multiples thereof.

(d) if relating to giving authority or power to a promoter or a developer, by whatever name called, for construction on, development of or, sale or transfer (in any manner whatsoever) of, any immovable property;

The same duty as is leviable on a Conveyance under clause (b), or (c), as the case may be, of Article 22, on the market value of the property:

Provided that, if the proper stamp duty is paid under clause (g) of Article 47 on a power of attorney executed between the same parties in respect of the same property then, the stamp duty under this Article shall be Rs. 500.

(e) if not otherwise provided for. Rs. 200.

Exemptions.

I. Agreement or memorandum of

agreement—

(a) for or relating to the sale of goods or merchandise exclusively not being a NOTE OF MEMORANDUM chargeable under No. 42;

(b) made in the form of tenders to the Central Government for or relating to any loan.

II. Agreement to Lease under No. 33.

6. DEPOSIT OF THE TITLE DEEDS, PAWN, PLEDGE OR HYPOTHECATION.— With respect to the deposit of the title deeds, pawn, pledge or hypothecation, any instrument evidencing an agreement relating to—

(1) the deposit of the title deeds or instrument constituting or being evidence of the title to any property whatever (other than a marketable security), where such deposit has been made by way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt—

(a) if the amount secured by such deed

does not exceed Rs. 5,00,000;

0.1% of the amount secured by such deed subject to the minimum of Rs. 100.

(b) in any other case; 0.2% of the amount secured by such deed subject to the maximum of Rs. 10,00,000.

(2) the pawn, pledge or hypothecation of movable property, where such pawn, pledge or hypothecation has been made by way of security for their repayment of money advanced or to be advanced by way of loan or an existing or future debt—

(a) if the amount secured by such deed

does not exceed Rs. 5,00,000;

0.1% of the amount secured by such deed subject to the minimum of Rs. 100.

(b) in any other case. 0.2% of the amount secured by such deed subject to the maximum of Rs. 10,00,000.

Explanation I.—For the purposes of

clause (1) of this Article, notwithstanding anything contained in any judgment, decree or order of any court or order of any authority, any letter, note, memorandum or writing relating to the deposit of title deeds whether written or made either before or at the time when or after the deposit of title deeds is effected, and whether it is in respect of the security for the first loan or any additional loan or loans taken subsequently, such letter, note, memorandum or writing shall, in the absence of any separate agreement or memorandum of agreement relating to deposit of such title deeds, be deemed to be an instrument evidencing an agreement relating to the deposit of title deeds.

Explanation II.—For the purposes of this Article, any new instrument executed for additional loan or extension of previous loan shall be treated as a fresh instrument and chargeable with the duty to the extent of additional amount being secured or disbursed or sanctioned.

Exemption.

Letter of hypothecation accompanying a bill

of exchange.

Rs. 300.

7. APPOINTMENT IN EXECUTION OF A POWER.––With respect to appointment in execution of a power, whether of trustees or of property, movable or immovable, where made by any writing not being a will.

Rs. 100.

8. APPRAISEMENT OR VALUATION.–– With respect to appraisement or valuation made otherwise than under the order of the court in the course of a suit.

Exemptions.

(a) appraisement or valuation made for the information of one party only, and not being in any manner obligatory between the parties either by agreement or operation of law for the time being in force;

(b) appraisement of crops for the purpose of ascertaining the amount to be given to a landlord as rent.

Rs. 100.

9. APPRENTICESHIP DEED.––With respect to apprenticeship deed, including every writing relating to the service or tuition of any apprentice, clerk or servant placed with any master to learn any profession, trade or employment, not being ARTICLES OF CLERKSHIP under No. 11.

Exemption.

Instrument of apprenticeship executed by a Magistrate under the Apprentices Act, 1961 (52 of 1961) or by which a person is apprenticed by, or at the charge of any public charity.

10. ARTICLES OF ASSOCIATION OF A COMPANY.––With respect to Articles of association of a company, when the Company has no share capital or nominal share capital or increased share capital.

0.2% on share or increased share capital, as the case may be, subject to a maximum of Rs. 50,00,000.

Exemption.

Articles of any Association not formed for profit and registered under section 8 of the Companies Act, 2013(18 of 2013).

Refer Memorandum of Association of a

Company under No. 38.

Rs. 300.

11. ARTICLES OF CLERKSHIP.––With respect to Articles of clerkship or contract whereby any person first becomes bound to serve as a clerk in order to his admission as an attorney in any High Court––

(i) ASSIGNMENT––

Refer CONVEYANCE under No. 22, TRANSFER under No. 62, TRANSFER OF LEASE under No. 63, as the case may be;

(ii) ATTORNEY––

Refer POWER OF ATTORNEY under

No. 47;

(iii) AUTHORITY TO ADOPT––

Refer ADOPTION DEED under No. 3.

Rs. 300.

12. AWARD.––With respect to Award, any decision in writing by an arbitrator or umpire, not being an award directing a partition, on a reference made otherwise than by an order of the Court in the course of a suit.

As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

13. BILL OF EXCHANGE as defined in sub-section (2) of section 2, not being a Bond, bank-note or currency-note.

14. BILL OF LADING As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

0.5 % of amount of Bond, subject to a minimum of Rs. 100.

15. BOND.––With respect to bond not being a debenture and not being otherwise provided for any provisions of this Act (whether or not such provisions relate to any particular types of Bonds), or by the Court Fees Act, 1870 (7 of 1870).

Exemption.

Bond when executed by any person for the purpose of guaranteeing that the local income derived from private subscriptions or a charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per mensem.

0.5% of amount of Bond, subject to a minimum of Rs. 100.

16. BOTTOMRY BOND.––With respect to bottomry bond, any instrument whereby the master of a seagoing ship borrows money on the security of the ship to enable him to preserve the ship or prosecute her voyage.

Rs. 100.

17. CANCELLATION.—Any instrument previously executed is cancelled, if attested and not otherwise provided for.

RELEASE under No. 55, REVOCATION OF SETTLEMENT under No. 58, SURRENDER OF LEASE under No. 61, REVOCATION OF TRUST under No. 64.

The same duty as is leviable on a Conveyance under clause (a), (b) or (c), as the case may be, of Article 22 on the market value of the property.

18. CERTIFICATE OF SALE.––With respect to 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 Civil or Revenue court, or Collector or other Revenue Officer or any other officer empowered by law to sell property by public auction.

0.1% of the value of the shares, scrip or stock.

19. CERTIFICATE OR OTHER DOCUMENT.––With respect to certificate or other document evidencing the right or title of the holder thereof, or any other person, either to any shares, scrip or stock in or any incorporated company or other body corporate, or to become proprietor of charges, scrip or stock in or of any such company or body.

Rs. 100.

20. CHARTER-PARTY.––With respect to Charter-Party, any instrument (except an agreement for the hire of a tug steamer), whereby a vessel or some specified principal part thereof is left for the specified purposes of charter, whether it includes penalty clauses or not.

Rs. 200.

21. COMPOSITION-DEED.––With respect to composition-deed, any instrument executed by debtor except an agreement, whereby he conveys his property for the benefit of his creditors, or whereby payment of a composition or dividend on their debts is secured to the creditors, or whereby provision is made for the continuance of the debtor's business under the supervision of inspectors or under letters of licence, for the benefit of his creditors.

22. CONVEYANCE (not being a transfer charged or exempted under Article 64)—

On the true market value of the property, which is the subject matter of Conveyance—

(a) if relating to movable property; 2% of the market value of the property.

(b) if relating to immovable property—

(i) purchased by a female; 3% of the market value of the property.

(ii) purchased jointly by female and

male;

4% of the market value of the property.

(iii) in any other case; 5% of the market value of the property.

(c) if relating to both movable and

immovable property;

The same duty as is payable under clauses (a) and (b).

2% of the aggregate of the market value of the shares issued or allotted in exchange or otherwise and the amount of consideration paid for such amalgamation:

(d) so far as it relates to the scheme, for reconstruction of the company or companies involving merger or the amalgamation of any two or more companies by an order of the National Company Law Tribunal under section 232 of the Companies Act, 2013 (18 of 2013) or for amalgamation or dissolution of Banking Companies by an order of the Reserve Bank of India under section 44A of the Banking Regulation Act, 1949 (10 of 1949).

Provided that, the amount of duty chargeable under this clause shall not exceed an amount equal to 2% of the true market value:

Provided further that, the amount of duty chargeable under this clause shall not exceed—

(i) an amount equal to 2% of the true market value of the immovable property located within the Union territory of Lakshadweep the transferor company; or

(ii) an amount equal to 2% of the aggregate of the market value of the shares issued or allotted in exchange or otherwise and the amount of consideration paid, for such amalgamation, whichever is higher:

Provided also

that, in case of reconstruction or demerger the duty chargeable shall not exceed—

(i) an amount equal to 2% of the true market value of the immovable property located within the Union territory of Lakshadweep transferred by the Demerging Company to the Resulting Company; or

(ii) an amount equal to 0.6 % of the aggregate of the market value of the shares issued or allotted to the Resulting Company and the amount of consideration paid for such demerger, whichever is higher.

Exemption.

Assignment of copyright under the Copyright

Act, 1957 (14 of 1957).

Explanation I.—For the purposes of this Article, where in the case of agreement to sell an immovable property, the possession of any immovable property is transferred or agreed to be transferred to the purchaser before the execution, or at the time of execution, or after the execution of such agreement, then such agreement to sell shall be deemed to be a conveyance and stamp duty thereon shall be leviable accordingly:

Provided that, where subsequently a conveyance is executed in pursuance of such agreement of sale, the stamp duty, if any already paid and recovered on the agreement of sale which is deemed to be a conveyance, shall be adjusted towards the total duty leviable on the conveyance:

Provided further that, where proper stamp duty is paid on a registered agreement to sell an immovable property, treating it as a deemed conveyance and subsequently a conveyance deed is executed without any modification then such a conveyance shall be treated as other instrument under section 4 and the duty of one hundred rupees shall be charged.

Explanation II.—

(i) For the purposes of clause (d), the

market value of shares—

(a) in relation to the transferee company, whose shares are listed and quoted for trading on a stock exchange, means the market value of shares as on the appointed day mentioned in the scheme of amalgamation or when appointed day is not so fixed, the date of order of the National Company Law Tribunal or, the order of the Reserve Bank of India;

(b) in relation to the transferee company, whose shares are not listed or listed but not quoted for trading on a stock exchange, means the market value of the share issued or allotted with reference to the market value of the shares of the transferor company;

(c) where the transferee company and transferor company, whose shares are not listed or listed but not quoted for trading on stock exchange means the face value of the share issued or allotted with reference to the face value of share of the transferee company.

Rs. 10.

23. COPY OR EXTRACT.––With respect to copy or extract, certified to be a true copy or extract by or by order of any public officer under section 75 of the Bharatiya Sakshya Adhiniyam, 2023 (47 of 2023), and not chargeable under the law for the time being in force relating to court-fees.

Exemptions.

(a) copy of any paper which a public officer is expressly required by law to make or furnish for record in any public office or for a public purpose;

(b) copy of, or extract from, any register relating to births, baptisms, naming, dedications, marriages, divorces, deaths or burials;

(c) copy of any instrument the original of

which is not chargeable to duty.

The same duty as is payable on the original, subject to a maximum of Rs. 100.

24. COUNTERPART OR DUPLICATE.–– With respect to counterpart or duplicate of any instrument chargeable with duty and in respect of which the proper duty has been paid.

Rs. 200.

25. CUSTOMS BOND OR EXCISE BOND.–– With respect to customs bond or excise bond, any bond given pursuant to the provisions of any law for the time being in force or to the directions of any officer of Custom or Excise for, or in respect of, any of the duties of Customs or Excise or for preventing frauds or evasions thereof or for any other matter or thing relating thereto.

26. DEBENTURE

As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

Rupee one for every one thousand Rupees or part thereof on the value of such goods.

27. DELIVERY ORDER IN RESPECT OF GOODS.––With respect to delivery order in respect of goods, any instrument entitling any person therein named, or his assignees or the holder thereof, to the delivery of any goods lying in any dock or port, or in any warehouse in which goods are stored or deposited on rent or hire, or upon any wharf, such instrument being signed by or on behalf of the owner of such goods upon the sale on transfer of the property therein, when such goods exceed in value of Rs. 200.

DEPOSIT OF TITLE-DEED.––refer Agreement relating to deposit of the Title Deeds, Pawn or Pledge or hyphothecation under No. 6.

DISSOLUTION OF PARTNERSHIP.––

refer Partnership under No. 45.

Rs. 100.

28. DIVORCE.—With respect to divorce, any instrument by which any person effects the dissolution of his marriage.

29. EXCHANGE OF PROPERTY.—

Explanation.—For the purposes of this Article, notwithstanding anything contained hereinabove, the highest duty on either of the property exchanged shall be chargeable.

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, on the market value of the property of the greatest value.

30. FURTHER CHARGE.—With respect to further charge, any instrument imposing a further charge on mortgaged property—

(a) when the original mortgage is one of the descriptions referred to in clause (a) of Article 39 (that is, with possession);

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, for the amount of the further charge secured by such instrument.

(b) when such mortgage is one of the descriptions referred to in clause (b) of Article 39 (that is, without possession)—

(i) if at the time of execution of the instrument of further charge possession of the property is given under such instrument;

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, for the total amount of the charge (including the original mortgage and any further charge already made) less the duty already paid on such original mortgage and further charge.

maximum of (ii) if possession is not so given; 0.5% of the amount of further charge secured by such instrument subject to minimum of Rs. 100 and the Rs. 10,00,000.

31. GIFT.—Instrument of not being a Settlement

under No. 58 or Will or Transfer under No. 62.

The same duty as is leviable on a conveyance under clause (a), (b) or (c) as the case may be, of Article 22, on the market value of the property which is the subject matter of the gift:

Provided that, if the property is gifted to a family member being the husband, wife, brother or sister of the donor or any lineal ascendant or descendant of the donor, then the amount of duty chargeable shall be at the rate of 3% on the market value of the property which is the subject matter of the gift:

Provided further that, if residential and agricultural property is gifted to husband, wife, son, daughter, grandson, granddaughter, wife of deceased son, the amount of duty chargeable shall be Rs. 200.

refer Agreement

HIRING AGREEMENT or agreement for

service.

under No. 5.

32. INDEMNITY BOND The same duty as a Security Bond under No. 57 for the same amount.

INSPECTORSHIP DEED refer Composition

Deed under No. 21.

INSURANCE

refer Policy of Insurance under No. 46.

33. LEASE.––With respect to lease, including under-lease or sub-lease and any agreement to-let or sub-let or any renewal of lease—

Where such lease purports to be—

(i) for a period not exceeding 5 years; The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, 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;

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, on 25% of the market value of the property.

(iii) for a period exceeding 10 years but not exceeding 29 years with a renewal clause contingent or otherwise;

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, on 50% of the market value of the property.

(iv) for a period exceeding 29 years or in perpetuity, or does not purport for any definite period, or for lease for a period exceeding 29 years, with a renewal clause contingent or otherwise.

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, on 90% of the market value of the property.

Explanation I.—Any consideration in the form of premium or money advanced or to be advanced or security deposit by whatever name called shall, for the purpose of market value, be treated as consideration passed on.

Explanation II.—The renewal period, if specifically mentioned, shall be treated as part of the present lease.

34. LEASE AND LICENCE AGREEMENT.—

With respect to lease and licence agreement––

0.25% of the total

sum of,—

(a) where the lease and licence agreement purports to be for a term not exceeding sixty months with or without renewal clause;

(i) the licence fees or rent payable under the agreement;

(ii) the amount of non-refundable deposit or money advanced or to be advanced or premium, by whatever name called;

(iii) the interest calculated at the rate of 10% per annum on the refundable security deposit or money advanced or to be advanced, by whatever name called.

(b) where such lease and licence agreement purports to be for a period exceeding sixty months with or without renewal clause.

The same duty as is leviable on lease under clause (ii), (iii) or (iv), as the case may be, of Article 33.

Re. 1.

35. LETTER OF ALLOTMENT.––With respect to letter of allotment in any company or proposed company, or in respect of any loan to be raised by any company or proposed company.

refer Certificate or other Document under

No. 19.

As per Schedule I of the Indian Stamp Act,1899 (2 of 1899).

36. LETTER OF CREDIT.––With respect to letter of credit, any instrument by which one person authorises another to give credit to the person in whose favour it is drawn.

LETTER OF GUARANTEE refer Agreement

under No. 5.

Rs. 100.

37. LETTER OF LICENCE.––With respect to letter of licence, any agreement between a debtor and his creditors, that the letter shall, for a specified time, suspend their claims and allow the debtor to carry on business at his own discretion.

38. MEMORANDUM OF ASSOCIATION OF A COMPANY.—With respect to Memorandum of Association of a company,––

Rs. 500.

(a) if accompanied by articles of association under section 10 of the Companies Act, 2013 (18 of 2013);

(b) if not so accompanied. 0.1% according to the share capital of the company, subject to minimum of Rs. 1,000 and maximum of Rs. 50,00,000.

Exemption.

Memorandum of any association not formed for profit and registered under section 8 of the Companies Act, 2013 (18 of 2013).

39. MORTGAGE-DEED.––With respect to mortgage-deed, not being an agreement relating to Deposit of Title Deeds, Pawn or Pledge or Hypothecation under Article 6, Bottomry Bond under Article 16, Mortgage of a Crop under Article 40, Respondentia Bond under Article 56 or Security Bond of Mortgage-Deed under Article 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;

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, for the amount secured by such deed.

(b) when possession is not given or agreed

to be given as aforesaid.

0.3% of the amount secured by such deed, subject to minimum of Rs. 1,000 and maximum of Rs. 20,00,000.

Explanation I.—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.

Explanation II.—Where in the case of an agreement to mortgage the amount or part thereof sought to be secured by such an agreement is advanced or disbursed to the mortgagor without execution of a mortgage-deed, then such an agreement to mortgage shall, notwithstanding anything contained in clause (6) of section 2, become chargeable under this Article as mortgage-deed on the date of making of such advance or disbursement either in part or in whole;

Rs. 500.

(c) when a collateral or auxiliary or additional or substituted security, or by way of further assurance for the above-mentioned purpose where the principal or primary security is duly stamped.

Explanation.—For the purpose of this clause, "the principal or primary security" shall mean, the security created under clause (a) or (b).

Exemptions.

(1) Instruments executed by persons taking advances under the Land Improvement Loans Act, 1883 (19 of 1883), or the Agriculturists' Loans Act, 1884 (12 of 1884) or by their sureties as security for the repayments of such advances.

(2) Letter of hypothecation accompanying a

bill of exchange.

40. MORTGAGE OF A CROP.––With respect to mortgage of a crop including any instruments 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 time of the mortgage––

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

Re 1.

(i) for every sum secured not exceeding

Rs. 200;

(ii) for every Rs. 200 or part thereof

Re 1.

secured in excess of Rs. 200;

(b) when the loan is repayable more than three months, but more than eighteen months, from the date of the instrument—

(i) for every sum secured not exceeding

Re 1.

Rs. 100;

(ii) for every Rs. 100 or part thereof

Re 1.

secured in excess of Rs. 100.

Rs. 20.

41. NOTARY ACT.––With respect to Notary Act, any instrument, endorsement, note, attestation, certificate of entry not being a Protest under 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.

Protest of Bill or Note under No. 49.

42. NOTE OF MEMORANDUM.––With respect to Note of Memorandum sent by a Broker Agent to his Principal intimating the purchase or sale on account of such Principal—

(a) of any goods, exceeding in value of

Re 1.

Rs. 20;

(b) of any stock or marketable security

exceeding in value of Rs. 20.

Subject to a maximum of Rs. 50, Re 1 for every Rs. 10,000 or part thereof of the value of the stock or security.

Rs. 50.

43. NOTE OF PROTEST BY THE MASTER

OF A SHIP.—

refer Protest by the Master of a Ship under

No. 50.

ORDER FOR THE PAYMENT OF

MONEY

refer Bill of Exchange under No. 13.

44. PARTITION.—With respect to partition, the "Instrument of partition" as defined under clause (15) of section 2 of the Indian Stamp Act, 1899 (2 of 1899).

The same duty as Bond (No. 15) of the amount or the market value of the separated share or shares of the property.

Note.—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 shares, then one of such equal shares) shall be deemed to be that from which the other shares are separated:

Provided always

that—

(a) when an instrument of partition containing an agreement to divide property in severalty is executed and a partition is effected in pursuance of such agreement, the duty chargeable upon the instrument effecting such partition shall be reduced by the amount of duty paid in respect of the first instrument but shall not be less than Rs. 5;

(b) where the instrument relates to the partition of agricultural land, the rate of duty applicable shall be Rs. 100;

(c) where a final order for effecting a partition passed by any Revenue authority or any Civil Court or an award by an arbitrator directing a partition, isSec. 1] THE GAZETTE OF INDIA EXTRAORDINARY 21 21 (1) (2) (3) 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 Rs. 10.

45. PARTNERSHIP.—

(1) instrument of any partnership inclusive of, Limited Liability Partnership and joint venture to run a business, earn profits and to share profits, whether in cash or in kind—

Rs. 500.

(a) where there is no share of contribution in partnership, or where such share contribution brought in by way of cash does not exceed Rs. 50,000;

(b) where such share contribution brought in by way of cash is in excess of Rs. 50,000;

1% of the amount of share contribution subject to maximum of Rs. 15,000.

(c) where such share contribution is brought in by way of property, excluding cash;

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, on the market value of such property.

(2) dissolution of partnership or retirement of partner inclusive of, Limited Liability Partnership and joint venture to run a business, earn profits and to share profits, whether in cash or in kind—

(a) where on dissolution of the partnership or on retirement of a partner any property is taken as his share by a partner other than a partner who brought in that property as his share of contribution in the partnership;

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, on the market value of such property, subject to a minimum of Rs. 100.

(b) in any other case. Rs. 500.

46. POLICY OF INSURANCE As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

47. POWER OF ATTORNEY, not being a

Proxy—

Rs. 200.

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

Rs. 200.

(b) when required in suits or proceedings under the Presidency Small Cause Courts Act, 1882 (15 of 1882);

Rs. 200.

(c) when authorising one person or more to act in a single transaction other than the case mentioned in clause (a);

(d) when authorising one person to act in

Rs. 200.

more than one transaction or generally;

Rs. 200.

(e) when authorising more than one person to act in single transaction or more than one transaction jointly or severally or generally;

(f)(i) when given for consideration and

authorising to sell an immovable property;

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, on the market value of the property.

(ii) when authorising to sell or transfer immovable property without consideration or without showing any consideration, as the case may be—

Rs. 200.

(a) if given to the father, mother, brother, sister, wife, husband, daughter, son, grandson, granddaughter or father, mother, brother or sister of the spouse; and

(b) in any other case; The same duty as is leviable on a conveyance under clause (b) or (c), as the case may be, of Article 22, on the market value of the property.

(g) when given to a promoter or developer by whatever name called, for construction on, development of, or sale or transfer (in any manner whatsoever) of, any immovable property;

The same duty as is leviable on a conveyance under clause (b) or (c), as the case may be, of Article 22, on the market value of the property:

Provided that, when proper stamp duty is paid under clause (d) of Article 5 on an agreement, or records thereof or memorandum of an agreement executed between the same parties and in respect of the same property, the duty chargeable under this clause shall be Rs. 100.

(h) in any other case. Rs. 200.

Explanation I.—For the purposes of this Article more persons than one when belonging to the same firm shall be deemed to be one person.

Explanation II.—The term "registration" includes every operation incidental to registration under the Registration Act, 1908 (16 of 1908).

Explanation III.—Where under clause (f), duty has been paid on the power of attorney, and the conveyance relating to that property is executed in pursuance of power of attorney between the executant of the power of attorney and the person in whose favour it is executed, the duty on conveyance shall be the duty calculated on the market value of the property reduced by duty paid on the power of attorney.

48. PROMISSORY NOTE As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

Rs. 50.

49. PROTEST OF BILL OR NOTE.––With respect to protest of Bill or Note, any declaration in writing made by a Notary Public bill or other person lawfully acting as such, attesting the dishonour of a Bill of Exchange or Promissory Note.

Rs. 50.

50. PROTEST BY THE MASTER OF SHIP.—With respect to protest by the Master of Ship, any declaration of the particulars of her voyage drawn up by him with a view to the adjustment of losses or the calculation of averages, and every declaration in writing made by him against the charterers or the consignors 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.

51. PROXY As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

52. RECEIPTS As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

Rs. 200.

53. RECONVEYANCE OF MORTGAGE

PROPERTY

54. RECORD OF TRANSACTION (Electronics or otherwise) effected by a trading member through a stock exchange––

(a) if relating to sale or purchase of 0.005% of the

Government securities;

value of security.

(b) if relating to purchase or sale of securities, other than those falling under item (a)––

(i) in case of delivery; 0.005% of the

value of security.

(ii) in case of non-delivery; 0.005% of the

value of security.

(c) if relating to futures and options

trading;

0.005% of the futures and options trading.

(d) if relating to forward contracts of commodities traded through an association or otherwise.

0.005% of the value of the forward contract.

Explanation I.––For the purpose of clause (b), "securities" means the securities as defined in clause (h) of section 2 of the Securities Contract (Regulation) Act, 1956 (42 of 1956).

55. RELEASE.––With respect to release, any instrument (not being an instrument as is provided by section 23A) whereby a person renounces a claim upon other person or against any specified property—

(a) if the release deed of an ancestral property or part thereof is executed by or in favour of brother or sister (children of renouncer's parents) or son or daughter or son of pre-deceased son or daughter of pre-deceased son or father or mother or spouse of the renouncer or the legal heirs of the above relations;

(b) in any other case. The same duty as is leviable on a conveyance under clause (a) or (b), as the case may be, of Article 22, on the market value of the share, interest, part or claim renounced.

0.5% of the amount of the loan secured, subject to a minimum of Rs. 100.

56. RESPONDENTIA BOND.––With respect to Respondentia Bond, any instrument securing a loan on the cargo laden or to be laden on board a ship and making repayment contingent on the arrival of the cargo at the port of destination.

REVOCATION OF ANY TRUST OR SETTLEMENT refer Settlement under Article 58, Trust under Article 64.

0.3% for the amount secured by such deed subject to the maximum of Rs. 20,00,000:

57. SECURITY BOND OR MORTGAGE DEED.––With respect to Security Bond or Mortgage Deed, where such security bond or mortgage deed is 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 by a surety to secure the due performance of a contract, or in pursuance of an order of the court or a public officer, not being otherwise provided for by the Court Fees Act, 1870 (7 of 1870).

Provided that where on an instrument executed by a person for whom a person stands surety and executes security bond or a mortgage deed, duty has been paid under Article 40, then the duty payable shall be Rs. 100.

Exemptions.

Bond or other instrument, when executed,—

(a) by any person for 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 not be less than a specified sum per mensem;

(b) by person taking advances under the Land Improvement Loans Act, 1882 (19 of 1883), or the Agriculturists' Loans Act, 1884 (12 of 1884), or by their sureties as security for the repayment of such advances;

(c) by officers of the Government or their sureties to secure the due execution of an office or due accounting for money or other property received by virtue thereof.

58. SETTLEMENT.—

A. Instrument of—

including a deed of dower—

(i) where the settlement is made for

The same duty

a religious or charitable purpose;

levied as Bond (No. 15) to the amount settled or the market value of the property settled.

(ii) in any other case. The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, for a sum equal to the amount settled or the market value of the property settled:

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. 10:

Provided further that where an instrument of settlement contains any provision for the revocation of the settlement, the amount or the valueSec. 1] THE GAZETTE OF INDIA EXTRAORDINARY 27 27 (1) (2) (3) of the property settled shall, for the purposes of duty, be determined, as if no such provisions were contained in the instrument.

Exemption.

Deed of dower executed on the occasion of, or in connection with, marriage between Muhammadans, whether executed before or after the marriage.

B. Revocation of—

(i) in respect of settlement described in

Rs. 500.

sub-clause (i) of clause A;

(ii) in respect of settlement described in

Rs. 500.

sub-clause (ii) of clause A.

59. SHARE WARRANTS to bearer issued

under the Companies Act, 2013 (18 of 2013).

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

Exemptions.

Share warrant when issued by a Company in pursuance of the provisions of the Companies Act, 2013 (18 of 2013), to have effect only upon payment, as composition for that duty, to the Collector of Stamp Revenue of—

(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.

SCRIP. Certificate under No. 18.

Rs. 10.

60. SHIPPING ORDER for or relating to the

conveyance of goods on board of any vessel.

61. SURRENDER OF LEASE including an

agreement for surrender of lease—

(a) without any consideration; Rs. 200.

(b) with consideration. The same duty as is leviable under clause (a), (b) or (c) of Article 22 on the amount of consideration.

Explanation.—For the purposes of this Article, return of money paid as advance, on security deposit by lessee to the lessor shall not be treated as consideration for the surrender.

62. TRANSFER (whether with or without

consideration).––

As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

(a) of debentures, being marketable securities whether the debenture is liable to duty or not, except debentures provided for by section 8 of the Indian Stamp Act, 1899 (2 of 1899).

Explanation.—For the purposes of this clause, the term "debenture" includes debenture stock;

(b) of any interest secured by bond,

mortgage-deed or policy of insurance;

As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

(c) of any property under section 22 of the Administrators-General Act, 1963 (45 of 1963);

As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

(d) of any trust property without consideration from one trustee to another trustee, or from a trustee to a beneficiary.

Exemptions.

Transfers 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 mercantile document or 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 underlease or by way of decree or final order passed by any Civil Court or any Revenue Officer.

The same duty as is leviable on lease under clause (i), (ii), (iii) or (iv), as the case may be, of Article 33, for the remaining period of Lease.

64. TRUST.––

A. Declaration of, or concerning, any property when made by any writing not being a Will—

(a) where there is disposition of

property—

(i) where the Trust is made for a Rs. 1000.

religious or charitable purpose;

(ii) in any other case;

The same duty as is leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, for a sum equal to the amount settled or the market value of the property settled.

(b) where there is no disposition of

property—

(i) where the trust is made for

Rs. 500.

religious or charitable purpose;

(ii) in any other case; Rs. 500.

Rs. 500.

B. Revocation of, or concerning, any property when made by any instrument, other than a Will;

refer Settlement under Article 58.

Rs. 10.

65. WARRANT FOR GOODS.—With respect to warrant for goods, 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.

66. WORKS CONTRACT.––With respect to works contract, a contract for works and labour or services involving transfer of property in goods (whether as goods or in some other form) in its execution and includes a sub-contract—

Rs. 500.

(a) where the amount or value set forth in such contract does not exceed Rs. 10,00,000;

(b) where it exceeds Rs. 10,00,000. Rs. 500 plus 0.1 % of the amount above Rs. 10,00,000 subject to maximum of Rs. 25,00,000.

———

————

President.

DROUPADI MURMU, President.

————

DR. RAJIV MANI, Secretary to the Govt. of India.

UPLOADED BY THE MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD, NEW DELHI–110002 AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI–110054.

MGIPMRND—386LAW—12.12.2025.

MGIPMRND—421GI(S4)—26-12-2025.