REGISTERED No. D. 221
The Gazette of India
EXTRAORDINARY
PART II-Section 3 Sub - section (ii)
PUBLISHED BY AUTHORITY
No. 121 ] NEW DELHI SATURDAY, JUNE 29 , 1963 / ASADHA 8 , 1885
MINISTRY OF HOME AFFAIRS
NOTIFICATION
New Delhi , the 29th June 1963
S.O. 1803. Whereas the Central Government has sanctioned the proposal of the New Delhi Municipal Committee to levy a duty in the form of a surcharge on the duty imposed by the Indian Stamp Act, 1899 , as in force for the time being in the Union territory of Delhi , on every instrument of the description specified in the Schedule below at the rate of four per cent on the amount specified in that Schedule against such instrument ;
Now , therefore , in exercise of the powers conferred by sub - section ( 10 ) of section 62 of the Punjab Municipal Act , 1911 as in force in New Delhi , the Central Government hereby notifles the imposition by the New Delhi Municipal Com- mittee of the said duty at the rate aforesaid in the area within the jurisdiction of that Committee and specifies the 1st day of October , 1963 , as the date on which the said duty shall come into force .
SCHEDULE
Description of Instrument (1)
(1) Sale of immovable pro- perty.
( ii ) Exchange of immovable property .
( ili) Gift of immovable pro- perty.
( iv ) Mortgage with possession of immovable property .
(v) Lease in perpetuity of immovable property .
Amount on which should be levied (2)
The amount or value of the considera- tion for the sale , as set forth in the instrument .
The value of the property of the greater value , as set forth in the instrument .
The value of the property as set forth in the instrument .
The amount secured by the mortgage as set forth in the instrument .
The amount equal to one - sixth of the whole amount or value of the rent which would be paid or delivered in respect of the first fifty years of the lease as set forth in the instru- ment.
[No. 20 / 2 / 62- Delhi - II . ]
HARI SHARMA , Addl . Secy .
( 325)
PRINTED IN INDIA BY THE GENERAL MANAGER , GOVERNMENT OF INDIA PRESS . NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI , 1963