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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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