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Stamp Duty on "Transfer of Debentures" Statewise in India

In accordance with the Indian Stamp Act 1899 read with the laws for stamp duty of respective States and Union Territories - stamp duty is required to be paid in case of transfer of debenture.

State
Rate of Stamp Duty
Applicable Law
Reference
Andhra Pradesh
One half of the duty payable on a conveyance (No:20)for a consideration, or market value equal to the face amount of the debenture.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Andhra   Pradesh Extension and Amendment) Act, 1959
Arunachal Pradesh
One-half of the duty payable on a Conveyance (No. 23) for a consideration equal to the face amount of the debentures.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Arunachal Pradesh Amendment) Act, 2007
Assam
One-half of the duty payable on a Conveyance (No. 23) for a consideration equal to the face amount of the debentures.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Assam Amendment) Act, 2004
Bihar
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Bihar Amendment) Act, 1991


Chhattisgarh
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Chhattisgarh Amendment) Act, 2005
Goa
One half of the duty payable on a debenture (No. 26) for a consideration equal to the face amount of the debenture.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Goa, Daman and Diu Amendment) Act, 1968

(c) The Indian Stamp (Goa Amendment) Act 2015
Gujarat
Subject to a maximum of ten thousand rupees, One rupees for every Rs. 100 or part thereof of the face amount of the debenture.
(a) Bombay Stamp (Gujarat Amendment) Act, 2014
Haryana
One-half of the duty payable on a Conveyance (No. 23) for a consideration equal to the face amount of the debenture.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Haryana Amendment ) Act, 1971
Himachal Pradesh
One-half of the duty payable on a debenture (No. 27) for a consideration equal to the face amount of the debenture.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Himachal Pradesh Amendment) Act, 1952


Jammu & Kashmir (J&K)
Fifty paise for every hundred rupees or part thereof of the consideration amount of debentures.
(a) The Stamp (Amendment) Act, 2011
Jharkhand
(a) The Indian Stamp Act, 1899
Karnataka
Fifty paise for every rupees one hundred or part thereof subject to a maximum of one thousand rupees for a consideration equal to the face value of the debenture.
(a) Karnataka Stamp Act, 1957

(b) Karnataka Stamp (Amendment) Act 2015
Kerala
Fifty paise for every One hundred rupees or part thereof of the amount of the debenture.
(a) The Kerala Stamp Act, 1959


Madhya Pradesh
Fifty paise for every hundred rupees or part thereof, of the consideration amount of debentures.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Madhya Pradesh Amendment) Act, 2014
Maharashtra
0.5 per cent of the consideration amount of the debenture.
(a) Maharashtra Stamp Act,   1958

(b) Maharashtra Stamp (Amendment) Act, 2015
Manipur
(a) The Indian Stamp Act, 1899
Meghalaya
One-half of the duty payable on a conveyance (No. 23) for a consideration equal to the face amount of the debenture.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Meghalaya Amendment) Act,   1993
Mizoram
One-half of the duty payable on a conveyance (No. 23) for a consideration equal to the face amount of the debenture.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Mizoram Amendment) Amending Act, 1996


Nagaland
One-half of the duty payable on a conveyance (No. 23) for a consideration equal to the face amount of the debenture.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Nagaland Amendment), 1989
Odisha (Orissa)
One-half of the duty payable on a conveyance (No. 23) for a consideration equal to the face amount of the debenture.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Orissa Amendment) Act, 2001
Punjab
One and a half time the duty payable on a mortgage deed with possession (No.40) (a) or the amount equal to the nominal amount of the share specified in the warrant.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Punjab   Amendment ) Act, 2005

Rajasthan
One half of the duty payable on a conveyance (No:21) for a consideration, or market value equal to the face amount of the debenture .
(a) The Indian Stamp Act, 1899

(b) The Rajasthan Stamp Act, 1998
Sikkim
(a) The Indian Stamp Act, 1899
Tamil Nadu
One rupee for every one hundred rupees or part thereof for a consideration equal to the face amount of the debenture  
(a) The Indian Stamp Act, 1899

(b) Tamil Nadu Stamp Act,  2013

Telangana
One half of the duty payable on a conveyance (No:20)for a consideration, or market value equal to the face amount of the debenture .
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Andhra   Pradesh Extension and Amendment) Act, 1959
Tripura
(a) The Indian Stamp Act, 1899
Uttar Pradesh
When the value of the share or the face amount of the debenture:-
(a) does not exceed Rs. 500 – Rs. 10
(b) exceeds Rs. 500 but does not exceed Rs. 1000 – Rs. 20 and
(c) for every Rs. 500 for part thereof in excess of Rs. 1000 – Rs. 10
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Uttar Pradesh Amendment) Act, 1997




Uttarakhand
When the value of the share or the face amount of the debenture:-
(a) does not exceed Rs. 500 – Rs. 10
(b) exceeds Rs. 500 but does not exceed Rs. 1000 – Rs. 20 and
(c) for every Rs. 500 for part thereof in excess of Rs. 1000 – Rs. 10
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Uttarakhand Amendment ) Act, 2002
West Bengal
Fifty paise for every Rs. 100 or part thereof, of the value of the debenture.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (West Bengal Amendment) Act,   1987


Union Territories
Rate of Stamp Duty
Applicable Law
Reference
Andaman and Nicobar Islands
(a) The Indian Stamp Act, 1899
Chandigarh
(a) The Indian Stamp Act, 1899
Dadra and Nagar Haveli
(a) The Indian Stamp Act, 1899
Daman and Diu
One half of the duty payable on a debenture (No. 26) for a consideration equal to the face amount of the debenture.
(a) The Indian Stamp Act, 1899

(b) The Indian Stamp (Goa, Daman and Diu Amendment) Act, 1968
National Capital Territory of Delhi (NCT of Delhi)
One half of the duty payable on a conveyance (No:23) for a consideration equal to the face amount of the debentures.
(a) The Indian Stamp (Delhi Amendment) Act, 2001
Lakshadweep
(a) The Indian Stamp Act, 1899
Puducherry (Pondicherry)
(a) The Indian Stamp Act, 1899



Disclaimer: We have made best efforts to compile the above information. However, you are requested to refer to the relevant Stamping laws in force of the concerned State/Union Territory and/or consult with respective statutory authorities before proceeding with any actual transaction. We shall not be held responsible for any discrepancy or inaccuracy found in the above information. Any discrepancy found in the above may be brought to our notice through email or comment below.
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