REGISTERED NO. DL—(N)04/0007/2003—26

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EXTRAORDINARY

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PART II — Section 1

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PUBLISHED BY AUTHORITY

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No. 41]

NEW DELHI, FRIDAY, SEPTEMBER 18, 2026/BHADRA 27, 1948 (Saka)

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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 18th September, 2026/Bhadra 27, 1948 (Saka)

THE INDIAN STAMP (ANDAMAN AND NICOBAR ISLANDS

AMENDMENT) REGULATION, 2026

No. 13 of 2026

Promulgated by the President in the Seventy-seventh Year of the Republic

of India.

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

Union territory of Andaman and Nicobar Islands.

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 Indian Stamp (Andaman and Nicobar

Islands Amendment) Regulation, 2026.

(2) It extends to the whole of the Union territory of Andaman and Nicobar

Islands.

(3) It shall come into force on such date as the Administrator may, by

notification in the Official Gazette, appoint.

Short title,

extent and

commencement.

सी.जी.-डी.एल.-अ.-18092026-276325

CG-DL-E-18092026-276325

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

Construction of

reference of

certain

expressions by

certain other

expressions.

Amendment of

section 3.

Amendment of

section 11.

Amendment of

section 31.

Amendment of

section 32.

Amendment of

section 34.

Amendment of

section 40.

Amendment of

section 41.

Amendment of

section 47.

Amendment of

section 53.

Amendment of

section 54.

Amendment of

section 69.

Amendment of

section 74.

2. In the Indian Stamp Act, 1899 (hereinafter referred to as the principal Act),

for the word and letter “Schedule I”, wherever they occur, the words “the Schedule”

shall be substituted.

3. In section 3 of the principal Act, after the proviso, the following proviso

shall be inserted, namely:––

“Provided further that except as otherwise expressly provided in this Act

and notwithstanding anything contained in clause (a), clause (b), clause (c) or

the Schedule as so substituted by the Indian Stamp (Andaman and Nicobar

Islands Amendment) Regulation, 2026, the amount indicated in the Schedule

shall be the duty chargeable on the following instruments, namely:––

(1) every instrument mentioned in the Schedule as chargeable with

duty mentioned therein which, not having been previously executed by

any person, is executed in the Union territory;

(2) every instrument mentioned in Schedule as chargeable with

duty mentioned therein 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 Indian Stamp (Andaman and

Nicobar Islands Amendment) Regulation, 2026, 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

paise”, the words “one rupee” shall be substituted.

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

naye paise”, the words “one rupee” shall be substituted.

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

“one rupee” shall be substituted.

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

paise”, the words “one rupee” shall be substituted.

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

“one rupee” shall be substituted.

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

“one rupee” shall be substituted.

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

paise”, the words “one rupee” shall be substituted.

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

“one rupee” shall be substituted.

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

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

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

2 of 1899.

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

15. After section 75 of the principal Act, the following section shall be

inserted, namely:—

“75A. Notwithstanding anything contained in any judgment, decree or

order of any court, tribunal, or other authority, or in the provisions of this

Act,—

(i) anything done or any duty performed or any action taken or

purported to have been taken or done under section 75, as it stood prior

to its amendment by the Indian Stamp (Andaman and Nicobar Islands

Amendment) Regulation, 2026, shall be deemed to have been validly

done or performed or taken;

(ii) any notification or rule issued under section 75 for

appointing or assigning functions to any officer shall be deemed to have

been validly issued for all purposes, as if the provisions of this Act,

as amended by the Indian Stamp (Andaman and Nicobar

Islands Amendment) Regulation, 2026, had been in force at all material

times;

(iii) for the purposes of this section and section 3 of this Act, as

amended by the Indian Stamp (Andaman and Nicobar Islands

Amendment) Regulation, 2026, shall have and shall always be deemed

to have effect for all purposes as if the provisions of this Act, as amended

by the Indian Stamp (Andaman and Nicobar Islands Amendment)

Regulation, 2026, had been in force at all material times.”.

16. In section 78 of the principal Act, for the words “twenty-five naye paise”,

the words “one rupee” shall be substituted.

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

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.”.

18. For Schedule I of the principal Act, the following Schedule shall be

substituted, namely:—

“THE SCHEDULE

(See section 3)

Sl. No.

Description of instrument

Proper stamp duty

(1)

(2)

(3)

ACKNOWLEDGEMENT of a debt

exceeding five thousand rupees 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:

Insertion of new

section 75A.

Validation of

notification,

rules and duties.

Amendment of

section 78.

Insertion of new

section 78A.

Duty or

allowance to be

rounded off to

next higher

multiple of one

rupee.

Substitution of

Schedule I.

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

(1)

(2)

(3)

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 five thousand rupees but

does not exceed ten thousand rupees;

Ten rupees.

(b) exceeds ten thousand rupees but is

less than ten lakh rupees; and

Thirty rupees.

Fifty rupees.

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

two thousand rupees;

Two hundred rupees.

(b) in any other case.

Two hundred rupees.

ADOPTION DEED, that is to say, any

instrument (other than a Will) recording an

adoption or conferring or purporting to

confer an authority to adopt.

Two hundred and fifty

rupees.

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 under

the Indian Army Act, 1911 (8 of 1911)

or the Indian Air Force Act, 1932

(14 of 1932);

(b) for the immediate purpose of being

filed or used in any court or before the

officer of any court; or

Twenty rupees.

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

(1)

(2)

(3)

any person to receive any pension or

charitable allowance.

AGREEMENT OR MEMORANDUM

OF AGREEMENT.––

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

exchange;

Rupee one for every ten

thousand rupees 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 ten

thousand rupees or part

thereof of value of the

share property.

sale of an immovable property;

Two per cent. of the

market

value

the

immovable

property,

subject to a minimum of

one hundred rupees 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

five

hundred rupees.

(e) if not otherwise provided for.

Exemptions

Agreement

memorandum

agreement—

(a) for or relating to the sale of goods

or merchandise exclusively not being a

NOTE of MEMORANDUM chargeable

(No. 42);

(b) made in the form of tenders to the

Central Government for or relating to any

loan.

II. Agreement to Lease (No. 33).

Two hundred rupees.

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

(1)

(2)

(3)

DEPOSIT

THE

TITLE

DEEDS,

PAWN,

PLEDGE

HYPOTHECATION, that is to say, 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 five lakh rupees;

0.1 % of the amount

secured by such deed

subject to the minimum of

one hundred rupees.

(b) in any other case.

0.2 % of the amount

secured by such deed

subject to the maximum of

ten lakh rupees.

(2) The pawn, pledge or hypothecation

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 five lakh rupees;

0.1 % of the amount

secured by such deed

subject to the minimum of

one hundred rupees.

(b) in any other case.

0.2 % of the amount

secured by such deed

subject to the maximum of

ten lakh rupees.

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

writing

relating

to the deposit of title deeds whether

written or made either before or

the

time

when

after

the

deposit of title deeds is effected, and

whether

respect

the

security for the first loan or any additional

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

(1)

(2)

(3)

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

disbursed or sanctioned.

Exemption

Letter of hypothecation accompanying a

bill of exchange.

APPOINTMENT IN EXECUTION OF

A POWER, whether of trustees or of

property, movable or immovable, where

made by any writing not being a Will.

Three hundred rupees.

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

agreement

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.

One hundred rupees.

APPRENTICESHIP DEED, including

every writing relating to the service

tuition

any

apprentice,

clerk

or servant placed with any master to learn

any profession, trade or employment, not

being

ARTICLES

CLERKSHIP

(No. 11).

One hundred rupees.

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

(1)

(2)

(3)

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.—When the Company has no

share capital or nominal share capital or

increased share capital.

Exemption

Articles

any

association

not

formed for profit and registered under

section 8 of the Companies Act, 2013

(18 of 2013).

See

MEMORANDUM

ASSOCIATION

COMPANY

(No. 38).

0.2%

increased share capital, as

the case may be, subject to

a maximum of fifty lakh

rupees.

11.

ARTICLES

CLERKSHIP

contract

whereby

any

person

first

becomes bound to serve as a clerk in order

to his admission as an attorney in any High

Court.

Three hundred rupees.

(i) ASSIGNMENT.

See

CONVEYANCE

(No.

22),

TRANSFER (No. 62), TRANSFER OF

LEASE (No. 63), as the case may be;

(ii) ATTORNEY.

See POWER OF ATTORNEY (No. 47);

(iii) AUTHORITY TO ADOPT.

See ADOPTION DEED (No. 3).

12.

AWARD, that is to say, 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.

Three hundred rupees.

13.

BILL OF EXCHANGE [as defined

in sub-section (2) of section 2], not

being

BOND,

bank-note

currency-note.

As per Schedule I of the

Indian Stamp Act, 1899

(2 of 1899).

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

(1)

(2)

(3)

14.

BILL OF LADING.

As per Schedule I of the

Indian Stamp Act, 1899

(2 of 1899).

15.

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

(VII 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

minimum of one hundred

rupees.

16.

BOTTOMRY BOND, that is to say, 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.

0.5 % of amount of

Bond,

subject

minimum of one hundred

rupees.

17.

CANCELLATION—

Any instrument previously executed is

cancelled, if attested and not otherwise

provided for.

See

also

RELEASE

(No.

55),

REVOCATION

SETTLEMENT,

(No. 58), SURRENDER OF LEASE

(No. 61), REVOCATION OF TRUST

(No. 64).

One hundred rupees.

18.

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.

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.

19.

CERTIFICATE

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.

0.1% of the value of the

shares, scrip or stock.

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

(1)

(2)

(3)

20.

CHARTER-PARTY, that is to say, any

instrument

(except

agreement

for

the hire of a tug steamer), whereby a

vessel or some specified principal part

thereof is left for the specified purposes of

charterer, whether it includes penalty clauses

or not.

One hundred rupees.

21.

COMPOSITION-DEED, that is to say,

any instrument executed by debtor except an

agreement,

whereby

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.

Two hundred rupees.

22.

CONVEYANCE,

(not

being

TRANSFER charged or exempted under

No. 64)—

On the true market value of the

property, which is the subject matter of

conveyance—

(a) if relating to movable property;

Two per cent. of the

market

value

the

property or consideration

whichever is higher.

(b)

relating

immovable

property—

(i) purchased by a female;

Four per cent. of the

market

value

the

property or consideration

whichever is higher.

(ii) purchased jointly by female

and male;

Five per cent. of the

market

value

the

property or consideration

whichever is higher.

(iii) in any other case.

Six per cent. of the

market

value

the

property or consideration

whichever is higher.

immovable property;

The same duty as is

payable under clauses (a)

and (b).

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

(1)

(2)

(3)

(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

the

Companies

Act, 2013 (18 of 2013) or for

amalgamation

dissolution

Banking Companies by an order of the

Reserve

Bank

India

under

section 44A of the Banking Regulation

Act, 1949 (10 of 1949).

Two per cent. 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:

Provided

that,

the

amount

duty

chargeable

under

this

clause shall not exceed an

amount equal to two

per cent. of the true

market value:

Provided further that,

the

amount

duty

chargeable

under

this

clause shall not exceed—

(i) an amount equal

to two per cent. of the

true market value of

the

immovable

property

located

within

the

Union

territory of Andaman

and Nicobar Islands

the

transferor

company; or

(ii) an amount equal

to two per cent. of the

aggregate

the

market value of the

issued

allotted in exchange or

otherwise

and

the

amount

consideration paid, for

such

amalgamation,

whichever is higher:

Provided also that, in

case of reconstruction or

demerger

the

duty

chargeable

shall

not

exceed—

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

(1)

(2)

(3)

(i) an amount equal

to two per cent. of the

true market value of

the

immovable

property

located

within

the

Union

territory of Andaman

and Nicobar Islands

transferred

the

Demerging Company

the

Resulting

Company; or

(ii) an amount equal

to 0.6 % of the

aggregate

the

market value of the

issued

allotted

the

Resulting

Company

and the amount of

consideration paid for

such

demerger,

whichever is higher.

Exemption

Assignment of copyright under the

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.

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

(1)

(2)

(3)

Explanation II.—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

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

the

transferor

company;

transferor

company,

whose

are not listed or listed but not quoted

for

trading

stock

exchange

means the face value of the share issued

allotted

with

reference

the

face value of share of the transferee

company.

23.

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

births,

baptisms,

naming,

dedications, marriages, divorces, deaths or

burials;

Ten rupees.

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

(1)

(2)

(3)

which is not chargeable to duty.

24.

COUNTERPART OR DUPLICATE of

any instrument chargeable with duty and in

respect of which the proper duty has been

paid.

The same duty as is

payable on the original,

subject to a maximum of

one hundred rupees.

25.

CUSTOMS

BOND

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.

Two hundred rupees.

26.

DEBENTURE

As per Schedule I of

the

Indian

Stamp

Act, 1899 (2 of 1899).

27.

DELIVERY ORDER IN RESPECT

OF GOODS, that is to say, 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

hire,

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 two hundred

rupees.

DEPOSIT OF TITLE-DEED.

See Agreement relating to deposit

Title

Deeds,

Pawn

Pledge

(No. 6).

DISSOLUTION OF PARTNERSHIP.

See Partnership (No. 45).

One rupee or every

one thousand rupees or

part thereof on the value

of such goods.

28.

DIVORCE—Instrument

of,

that

say,

any

instrument

which

any person effects the dissolution of his

marriage.

One hundred rupees.

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

(1)

(2)

(3)

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—Instrument of,

that is to say, 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

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.

(ii) if possession is not so given.

0.5% of the amount of

further charge secured by

such instrument subject to

minimum of one hundred

rupees and the maximum

of ten lakh rupees.

31.

GIFT.—Instrument of, not being a

SETTLEMENT (No. 58) or WILL or

TRANSFER (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:

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

(1)

(2)

(3)

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

descendant of the donor,

then the amount of duty

chargeable shall be at the

rate of 1.5% 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

two hundred rupees.

HIRING AGREEMENT or agreement for

service.

See Agreement (No. 5).

32.

INDEMNITY-BOND

The same duty as a

Security Bond (No. 57)

for the same amount.

INSPECTORSHIP–DEED

See COMPOSITION-

DEED (No. 21).

INSURANCE.

See

POLICY

INSURANCE (No. 46).

33.

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 five

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 ten per cent.

of the market value of the

property.

(ii) for a period exceeding five years

but not exceeding ten 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 twenty-five

per cent. of the market

value of the property.

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

(1)

(2)

(3)

(iii) for a period exceeding ten years

but not exceeding twenty-nine years with

a renewal clause contingent or otherwise;

(iv) for a period exceeding twenty-nine

years or in perpetuity, or does not purport

for any definite period, or for lease for a

period exceeding twenty-nine 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 fifty per

cent. of the market value

of the 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 ninety per

cent. of the market value

of the property.

(v) Public-Private Partnership projects,

including ports, airports, tourism and

infrastructure.

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.

Explanation III.—For the purpose of

“PPP/Concession Agreement” includes

agreements where possession, development

rights, or revenue rights over Government

land or asset are transferred for a specified

period under a contractual framework,

irrespective of nomenclature.

0.10% of the total

estimated

concession

fee/lease

rent/revenue

share over the entire

concession

period,

subject to minimum five

thousand

rupees

and

maximum

twenty-five

lakh rupees.

34.

LEASE

AND

LICENCE

AGREEMENT.—

(a) where the lease and licence agreement

purports to be for a term not exceeding sixty

months with or without renewal clause;

0.25% of the total sum

of,—

(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;

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

(1)

(2)

(3)

(iii)

the

interest

calculated at the rate of

ten per cent. per annum

the

refundable

security deposit or money

advanced

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.

35.

LETTER OF ALLOTMENT in respect

of any loan to be raised by any company or

proposed company.

See

certificate

other

document

(No. 19).

One rupee.

36.

LETTER OF CREDIT, that is to say,

any instrument by which one person

authorises another to give credit to the person

in whose favour it is drawn.

As per Schedule I of the

Indian Stamp Act, 1899

(2 of 1899).

LETTER OF GUARANTEE

See, Agreement (No. 5).

37.

LETTER OF LICENCE, that is to say,

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.

One hundred rupees.

38.

MEMORANDUM OF ASSOCIATION

OF A COMPANY—

(a) if accompanied by articles of

association under section 10 of the

Companies Act, 2013 (18 of 2013);

Five hundred rupees.

(b) if not so accompanied.

Exemption

Memorandum of any association not

formed for profit and registered under

section 8 of the Companies Act, 2013

(18 of 2013).

0.1% according to the

capital

the

company,

subject

minimum of one thousand

rupees and maximum of

fifty lakh rupees.

39.

MORTGAGE-DEED,

not

being

agreement relating to Deposit of Title Deeds,

Pawn or Pledge or Hypothecation (No. 6),

Bottomry Bond (No. 16), Mortgage of a

Crop (No. 40), Respondentia Bond (No. 56) or

Security Bond of Mortgage Deed (No. 57)—

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

(1)

(2)

(3)

(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.

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;

0.3% of the amount

secured by such deed,

subject to minimum of

one thousand rupees and

maximum of twenty lakh

rupees.

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.

Five hundred rupees.

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

(1)

(2)

(3)

(2)

Letter

hypothecation

accompanying a bill of exchange.

40.

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—

(i) for every sum secured not

exceeding two hundred rupees;

One rupee.

(ii) for every two hundred rupees or

part thereof secured in excess of two

hundred rupees;

(b) when the loan is repayable

more than three months, but more than

eighteen months, from the date of the

instrument—

One rupee.

(i) for every sum secured not

exceeding one hundred rupees;

One rupee.

(ii) for every one hundred rupees or

part thereof secured in excess of one

hundred rupees.

One rupee.

41.

NOTARIAL ACT, that is to say, any

instrument, endorsement, note, attestation,

certificate of entry not being a PROTEST

(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

(No. 49).

Twenty rupees.

42.

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

twenty rupees;

One rupee.

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

(1)

(2)

(3)

(b) of any stock or marketable security

exceeding in value of twenty rupees.

Subject to a maximum

of fifty rupees, one rupee

for every ten thousand

rupees or part thereof of

the value of the stock or

security.

43.

NOTE

PROTEST

THE

MASTER OF A SHIP.

See also PROTEST BY THE MASTER

OF A SHIP (No. 50).

Fifty rupees.

ORDER FOR THE PAYMENT OF

MONEY.

See Bill of Exchange

(No. 13).

44.

PARTITION—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

instrument of partition

containing

agreement to divide

property in severalty is

executed

and

partition is effected in

pursuance

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 five rupees;

(b)

where

the

instrument relates to the

partition of agricultural

land, the rate of duty

applicable shall be one

hundred rupees;

THE GAZETTE OF INDIA EXTRAORDINARY

[Part II—

(1)

(2)

(3)

order for effecting a

partition passed by any

Revenue authority or

any Civil Court or an

award by an arbitrator

directing a partition, is

stamped with the stamp

required

for

instrument of partition,

and an instrument of

partition in pursuance

of such order or award

subsequently

executed, the duty on

such instrument shall

not exceed ten rupees.

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—

(a) where there is no share of

contribution in partnership, or where

such share contribution brought in by

way of cash does not exceed fifty

thousand rupees;

Five hundred rupees.

(b) where such share contribution

brought in by way of cash is in excess

of fifty thousand rupees;

One per cent. of the

amount

contribution subject to

maximum

fifteen

thousand rupees.

brought in by way of property,

excluding cash.

(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—

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.

(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

one hundred rupees;

(b) in any other case.

Five hundred rupees.

Sec. 1]

THE GAZETTE OF INDIA EXTRAORDINARY

(1)

(2)

(3)

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—

(a) when executed for the sole purpose

of procuring the registration of one or