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 assignment of debt.
State
|
Rate of Stamp Duty
|
Applicable Law
|
Andhra Pradesh
|
0.1% of the loan amount securitized or debt assigned with underlying
securities (max stamp limit of Rs.1 Lakh)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Andhra Pradesh Extension and
Amendment) Act, 1959
|
Arunachal Pradesh
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Arunachal Pradesh Amendment) Act, 2007
|
|
Assam
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Assam Amendment) Act, 2004
|
|
Bihar
|
0.1% of the loan amount securitized or debt assigned with underlying
securities (max stamp limit of Rs.1 Lakh)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Bihar Amendment) Act, 1991
|
Chhattisgarh
|
0.1% of the loan amount securitized or debt assigned with underlying
securities (max stamp limit of Rs.1 Lakh)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Chhattisgarh Amendment) Act, 2005
|
Goa
|
(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
|
0.075% of the loan amount securitized or debt assigned with underlying
securities (max stamp limit of Rs.1 Lakh)
|
(a) Bombay Stamp (Gujarat Amendment) Act, 2006
|
Haryana
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Haryana Amendment ) Act, 1971
|
|
Himachal Pradesh
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Himachal Pradesh Amendment) Act, 1952
|
|
Jammu & Kashmir (J&K)
|
(a) The Stamp (Amendment) Act, 2011
|
|
Jharkhand
|
(a) The Indian Stamp Act, 1899
|
|
Karnataka
|
0.1% subject to a maximum of Rs.1 Lakh
|
(a) Karnataka Stamp Act, 1957
(b) Karnataka Stamp (Amendment) Act 2015
|
Kerala
|
(a) The Kerala Stamp Act, 1959
|
|
Madhya Pradesh
|
0.1% of the loan securitized or debt assigned with underlying
securities, if the securities are immovable properties. (1% extra duty on the
account of each of the Local Laws is levied for immovable properties, if the
transfer is covered by the said Act)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Madhya Pradesh Amendment) Act, 2014
|
Maharashtra
|
0.1% of the loan amount securitized or debt assigned with underlying
securities (max stamp limit of Rs.1 Lakh)
|
(a) Maharashtra Stamp Act, 1958
(b) Maharashtra Stamp (Amendment) Act, 2015
|
Manipur
|
(a) The Indian Stamp Act, 1899
|
|
Meghalaya
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Meghalaya Amendment) Act, 1993
|
|
Mizoram
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Mizoram Amendment) Amending Act, 1996
|
|
Nagaland
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Nagaland Amendment), 1989
|
|
Odisha (Orissa)
|
0.1% of the amount or value of the consideration set forth in the said
instrument
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Orissa Amendment) Act, 2001
|
Punjab
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Punjab Amendment ) Act, 2005
|
|
Rajasthan
|
5% of amount secured
[check rebate rates in link]
|
(a) The Indian Stamp Act, 1899
(b) The Rajasthan Stamp Act, 1998
|
Sikkim
|
(a) The Indian Stamp Act, 1899
|
|
Tamil Nadu
|
0.1% of the market value of the property which is the subject matter
of conveyance subject to maximum of Rs.1 Lakh
|
(a) The Indian Stamp Act, 1899
(b) Tamil Nadu Stamp Act, 2013
|
Telangana
|
(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
|
0.1% subject to a maximum of Rs. 1 Lakh. (1% extra duty on the account
of each of the Local Laws is levied for immovable properties, if the transfer
is covered by the said Act)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Uttar Pradesh Amendment) Act, 1997
|
Uttarakhand
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Uttarakhand Amendment ) Act, 2002
|
|
West Bengal
|
0.1% subject to a maximum of Rs. 1 Lakh
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (West Bengal Amendment) Act, 1987
|
Union Territories
|
Rate of Stamp Duty
|
Applicable Law
|
Andaman and Nicobar Islands
|
||
Chandigarh
|
||
Dadra and Nagar Haveli
|
||
Daman and Diu
|
(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)
|
0.1% of the loan amount securitized or debt assigned with underlying
securities (max stamp limit of Rs.1 Lakh)
|
(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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