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La Gazette de L' État de Poudouchéry The Gazette of Puducherry
PART - I
➢ EXTRAORDINAIRE EXTRAORDINARY
Published by ➢ Publiée par
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No. 29 Poudouchéry Mercredi 8 Mars 2017 (17 Phalguna 1938)
No. Puducherry Wednesday 8th March 2017
GOVERNMENT OF PUDUCHERRY
DEPARTMENT OF REVENUE AND DISASTER MANAGEMENT
No. l350/DRDM/C3/2016.
Puducherry, the 8th March 2017.
NOTIFICATION
In exercise of the powers conferred by clause (a) of sub-section (1) of section 9 of the Indian Stamp Act, 1899 (Central Act 2 of 1899), (hereinafter referred to as the said Act) in its application to the Union territory of Puducherry and in supersession of the Notification No. 8750/DRDM/C3/2008, dated the 20th April, 2010 of the Department of Revenue and Disaster Management, Government of Puducherry and published in the Official Gazette No. 19, dated the 11th May, 2010, the Lieutenant-Governor, Puducherry, hereby makes the following amendment further to revise/compound the stamp duty in so far as it relates to the registration of Instruments such as Deposit of Title Deeds while extending loans by way of Equitable Mortgage, Construction Agreement and Power of Attorney, at the following rates, namely:—
(a) The maximum duty chargeable under the said Act, in respect of Instrument, described under column No. (2) of the Table below against Serial Number (1) shall be as specified in column (3) thereof.
(b) The rate of duty chargeable and maximum duty chargeable in respect of Instruments, described in column No. (2) of the Table below against Serial Numbers (2) and (3) shall be as specified in column (3) thereof.
138
LA GAZETTE DE L'ETAT [PART - I Sl. Description of Instrument No.
(1)
(2)
(1) Memorandum of Deposit of Title Deeds Agreement relating to deposit of title deeds described under Article 6(l)(a) of the said Act. (2) Mortgage Deed 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 described under Article 40(a) of the said Act. (3) Mortgage Deed when possession is not given or agreed to be given, described under Article 40(b) of the said Act.
TABLE
Rate
(3)
One r upee fo r ever y ` 1 00 o r p art ther eo f o f the amount secured by such Deed subject to the maximum of ` 25,000 (Rupees twenty five thousand only).
Three rupees for every ` 100 or part thereof of the amount secured by such Deed. (Re. 0.50 stamp duty + ` 2.50 transfer duty).
One rup ee for ever y ` 1 00 o r p ar t ther eo f o f the amount secured by such Deed subject to the maximum of ` 20,000 (Rupees twenty thousand only).
(4) Construction Agreements
In relation to construction of building under Article 5 of clause (c) of Schedule I of the said Act.
(5) Power of Attorney
(i) For the registration of Power of Attorney (with schedule of property shown) authorizing the attorney to sell the immovable property if, given to members of 'family' as defined hereunder.
(ii) For the registration of Power of Attorney (with schedule of property shown) authorizing the Attorney to sell the immovable property, if, given to a person other than members of family.
(iii) For the registration of other Power of Attorney (without schedule of property) under Article 48 of schedule I of the said Act.
This shall come into force with immediate effect.
Two rupees for every hundred rupees or part thereof of the cost of the proposed construction or the value of construction or the consideration specified in the agreement, whichever is higher.
1% subject to a ceiling of ` 5,000
5% subject to a ceiling of ` 20,000
` 100 Explanation:- For the abovesaid purpose, the word 'family' means father, mother, husband, wife, son, daughter, grandchild. In the case of any one whose personal law permits adoption, 'father' shall include an adoptive father, 'mother' an adoptive mother, 'son' an adopted son and 'daughter' an adopted daughter as defined in Article 58 of Schedule I of the Indian Stamp Act, 1899 (Central Act 2 of 1899).
(By order of the Lieutenant-Governor)
Dr. V. CANDAVELOU, Secretary (Revenue)-cum- Inspector-General of Registration.