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 Affidavits.
State
|
Rate of Stamp Duty
|
Applicable Law
|
Andhra Pradesh
|
Rs. 10 (Rupees Ten Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Andhra Pradesh Extension and
Amendment) Act, 1959
|
Arunachal Pradesh
|
Rs. 10 (Rupees Ten Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Arunachal Pradesh Amendment) Act, 2007
|
Assam
|
Rs. 15 (Rupees Fifteen Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Assam Amendment) Act, 2004
|
Bihar
|
Rs. 100 (Rupees One Hundred Only)
|
(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
|
Rs. 20 (Rupees Twenty Only)
|
(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
|
Rs. 20 (Rupees Twenty Only)
|
(a) Bombay Stamp (Gujarat Amendment) Act, 2000
|
Haryana
|
Rs. 10 (Rupees Ten Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Haryana Amendment ) Act, 1971
|
Himachal Pradesh
|
Rs. 3 (Rupees Three Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Himachal Pradesh Amendment) Act, 1952
|
Jammu & Kashmir (J&K)
|
Rs. 10 (Rupees Ten Only)
|
(a) The Stamp (Amendment) Act, 2011
|
Jharkhand
|
(a) The Indian Stamp Act, 1899
|
|
Karnataka
|
Rs. 20 (Rupees Twenty Only)
|
(a) Karnataka Stamp Act, 1957
(b) Karnataka Stamp (Amendment) Act 2015
|
Kerala
|
Rs. 50 (Rupees Fifty Only)
|
(a) The Kerala Stamp Act, 1959
|
Madhya Pradesh
|
Rs. 50 (Rupees Fifty Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Madhya Pradesh Amendment) Act, 2014
|
Maharashtra
|
Rs. 100 (Rupees One Hundred Only)
|
(a) Maharashtra Stamp Act, 1958
(b) Maharashtra Stamp (Amendment) Act, 2015
|
Manipur
|
(a) The Indian Stamp Act, 1899
|
|
Meghalaya
|
Rs. 7 (Rupees Seven Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Meghalaya Amendment) Act, 1993
|
Mizoram
|
Rs. 7 (Rupees Seven Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Mizoram Amendment) Amending Act, 1996
|
Nagaland
|
Rs. 10 (Rupees Ten Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Nagaland Amendment), 1989
|
Odisha (Orissa)
|
Rs. 10 (Rupees Ten Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Orissa Amendment) Act, 2001
|
Punjab
|
Rs. 15 (Rupees Fifteen Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Punjab Amendment ) Act, 2005
|
Rajasthan
|
Rs. 50 (Rupees Fifty Only)
|
(a) The Indian Stamp Act, 1899
(b) The Rajasthan Stamp Act, 1998
|
Sikkim
|
(a) The Indian Stamp Act, 1899
|
|
Tamil Nadu
|
Rs. 100 (Rupees One Hundred Only)
|
(a) The Indian Stamp Act, 1899
(b) Tamil Nadu Stamp Act, 2013
|
Telangana
|
Rs. 20 (Rupees Twenty Only)
|
(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
|
Rs. 10 (Rupees Ten Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Uttar Pradesh Amendment) Act, 1997
|
Uttarakhand
|
Rs. 10 (Rupees Ten Only)
|
(a) The Indian Stamp Act, 1899
(b) The Indian Stamp (Uttarakhand Amendment ) Act, 2002
|
West Bengal
|
Rs. 10 (Rupees Ten Only)
|
(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
|
(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
|
Rs. 20 (Rupees Twenty Only)
|
(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)
|
Rs. 10 (Rupees Ten Only)
|
(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.
Are the Registrars & Transfer Agents of Companies like Tata Steel, Titan Company, TCS, Reliance Industries etc. authorised to dictate the shareholders to submit affidavits, bonds etc. for Non-Judicial stamp papers from Rs. 100 to 500? Under what law, power they ask for? Also different RTAs are demanding different value of stamp papers.
ReplyDeleteIn matters of variation of signature of shareholders after many years, they do not accept the bank attestation or the DP's records and demand fresh affidavit as new signature. Can anybody sign the same way after many years, or same signature on same day?
These are the issues relating to shareholder services. Instead of facilitating the investors some RTAs consider their word as final law. Who is the appropriate authority to order them to behave?
I have in fact complained in this matter to SEBI. Given the fact that SEBI has made it mandatory to demat shares for making them tradable, standardisation of procedure by R&T agents should have been done. One instance of this anarchy is the question of stamp duty where it is made Rs.100 without any logic. For instance I am a resident of Delhi and the applicable stamp duty is Rs.10. And to insist that these should be notarised is putting another burden on investors. For each attestation they are charging Rs.250. When government of India has revised their procedure to have self attestation why affidavits and why notarisation ??
ReplyDeleteThen the question of joint holding. To take care of unfortunate events joint holding of family members was taken. To insist that removing the name of a joint holder is a case of transfer, which has tax implication and not to mention the stamp duty issues is absurd. If the joint holder is willing to become a nominee, which was the intent of having a joint holding to start with, it will be far convenient