They cannot be in the name of the Chartered Accountant or Lawyer of the parties. it changes every April. W.e.f. Finance Department (FD), Government of Maharashtra, has decided to receive payments electronically. Further it has to be paid on time to avoid penalty. (2) having area more than 27.88 squares meters (300 square feet). e-Registration of Leave and License Agreement. (iv) for a period exceeding 29 years , or in perpetuity, or does not purport for any definite period, or for lease for a period exceeding 29 years, with a renewal clause contingent or otherwise. Thanks. 0.1% of the value of the shares ,scrip or stock. The normal stamp duty to be paid is as per clause 5 (c) of schedule 1-A of the Indian Stamp Act applicable to Delhi i.e. (a) when possession of the property or any part of the property or any part of the property comprised in such deed is given by the mortgagor or agreed to be given; The same duty as is leviable on a conveyance under clauses (a), (b) or (c), as the case may be, of Article 25, for the amount secured by such deed. While a stamp duty of 0.1 to 0.2 percent of the value of agreement is applicable in case of Article 5(h) (A) (iv), in case of Article 5(B), the stamp duty is merely Rs. 9.18 Delegation of certain powers to CCRA : Addl. Stamp duty in Mumbai depends on a lot of factors. 25-3-2013: As per amended Section 17 of Registration Act, 1908 registration of: Irrevocable Power of Attorney relating to transfer of immovable property in any way, executed on or after 1-4-2013. Calculate Stamp Duty, Registration Fee, Rebate for Women, LBT GST, and TDS in just six (6) easy steps Validity of this calculator is from 1st April, 2021 up to 31stMar, 2022. Using this site anyone like importer, supplier, transporter and agent can pay Octroi tax online to the Municipal Corporation of Greater Mumbai. 20/- and in Gujarat is Rs. Insection 32Aof the principal Act, (i) in sub-section (1), after the words by way of assignment the following portion shall be inserted, namely : and also any other instruments mentioned in SCHEDULE I chargeable with duty on the basis of market value of the property; (ii) in sub-section (2), in the third proviso, for the word double the words four times shall be substituted; (iii) in sub-section (4), (a) the first and second provisos shall be deleted; (b) in the third proviso, for the word double the words four times shall be substituted. . STAMPS TO BE USED -- Non - Judicial Stamp Paper Rule 6 or Impressed Label/Special Adhesive Stamp Paper Rule 11. Conditions (1) Maharashtra Housing and Area Development Authority (MHADA) must certify that the Project is an approved project under the Pradhan Mantri Awas Yojana- Housing for All (Urban). However, same is not available in the case of Resale and other types of instruments. B If the agreement claims to be for a period of more t 50/- shall be disregarded. 5 (a) to (g) adhesive under section 11, for Art. (iii) within the limits of anyGrampanchayatarea or any such area not mentioned in sub-clause (ii). e.B. Seal of the office. Aftersection 67of principal Act, the following section shall be inserted, namely : 67A. Enter the details and pay the duty through your Internet banking account. 4,500 Plus renewal fee applicable under entry 3. Now, Let's discuss the Stamp Duty in State-Delhi. You can log into the website of the authorized bank, click the link for payment of stamp duty/registration fees. // --> . The authenticity of the Stamp Certificate can be verified at Authorised Collection Centers (ACCs), SHCIL Offices and Sub-registrar Offices (SROs). By Notification dated 28th March 2020, the Government of Maharashtra had announced a concession in Stamp Duty rate @ 1% for 2 years with effect from 1st April 2020. (ii) an amount equal to 0.7%, of the aggregate of the market value of the shares issued or allotted to the Resulting Company and the amount of consideration paid, for such demerger, whichever is higher: Exemption: Assignment of copyright under the Copyright Act, 1957 (IXV of 1957). Who bears and pays the stamp duty is a matter of agreement between the parties. 9.13 Time limit for filing Application for refund of stamp duty : Date of execution of Agreement to Sale: Date of Registration :Cancellation of registered instrument described under Article 25 of schedule I. Users can also verify the receipt of payment. See also Settlement (Article 55). (A) for the purpose of non -residential use of any nature whatsoever; The same duty as is payable under Article 36(iv). The same duty as is leviable under clause (a), (b) or (c) of Article 25 on the amount of Consideration. VALUATION, See Appraisement (Article 8). 0.5% of the consideration amount of the debenture. Stamp Duty on lease agreement in Maharashtra 2. Similarly, Stamp Duty under above Article in rest of Maharashtra State was reduced by Two percent (2%) for the period starting from 1st September, 2020 and ending on 31st December, 2020 and by One Half percent (1.5%) for the period starting from 1st January, 2021 and ending on 31st March, 2021. In Maharashtra, stamp duty charges on the market value of the property or on the agreement value . ARTICLE 17 CERTIFICATE OR OTHER DOCUMENT. Select the option based on your requirement, such as "Sales Deed" and "Agreement to sale". And every order made by the Board for Industrial and Financial Reconstruction under Section 18 or 19 of the Sick Industrial Companies (Special Provisions) Act, 1985, in respect of sanction of scheme specified therein or every order made by the National Company Law Tribunal under Section 31 of the Insolvency and Bankruptcy Code,2016, in respect of approval of resolution plan. 25,00,000. Stamp Duty is payable in full and is to be paid on the deadline. LETTER OF ALLOTMENT OF SHARES in any company or proposed company, or in respect of any loan to be raised by any company or proposed company. Controller of Stamps, Mumbai. It is an indirect tax collected by the State Government in Maharashtra. Insection 72of the principal Act, (i) in clause (a) the word and shall be deleted; (ii) after clause (a), the following clause shall be inserted, namely : (a-a) powers conferred on it by clause (b) of section 9, to the Additional Controller of Stamps, Mumbai or any other officer; and.. Duty can be paid by way of adhesive or impressed stamps or e-franking on the instruments and duly stamped documents are only admitted as evidence in court. Would this fall under Article 5(h) (A) (iv) or Article 5(h)(B) since there is a huge difference in the stamp duty levied in both the cases. does not require adjudication & can be registered directly by payment of proper Stamp Duty. if(MSFPhover) { MSFPnav3n=MSFPpreload("../_derived/up_cmp_Profile110_up.gif"); MSFPnav3h=MSFPpreload("../_derived/up_cmp_Profile110_up_a.gif"); } Stamp Duty to be paid on the market value of the shares and debentures. (6) Any project proponent or the Purchaser of any unit for which the reduction in the stamp duty is granted under this Order, and which fails to fulfill the purpose or objectives of the said policy or commits breach of any of the conditions or special regulations as specified in the said policy or this order, shall be liable to pay the whole stamp duty and penalty, if any, as if there was no reduction in stamp duty from the beginning. // -->