THEKERALASTAMPACT,1959 (Act17of1959) Sections CHAPTERI Preliminary 1. Shorttitle,extentandcommencement 2. Definitions CHAPTERII StampDuties A.OFTHELIABILITYOFINSTRUMENTSTODUTY 3. Instrumentschargeablewithduty 1 [3A.Deleted] 4. Severalinstrumentsusedinsingletransactionofsale,mortgageorsettlement 5. Instrumentsrelatingtoseveraldistrictmatters 6.

InstrumentscomingwithinseveraldescriptionsinSchedule 7. Paymentofhigherdutyinrespectofcertaininstruments 8. Bondsorothersecuritiesissuedonloans 9. Powertoreduce,remitorCompoundloans B.OFSTAMPSANDTHEMODEOFUSINGTHEM 10. Dutieshowtobepaid 11. Useofadhesivestamps 12. Cancellationofadhesivestamps 13. Instrumentsstampedwithimpressedstampshowtobewritten 14. Onlyoneinstrumenttobeonsamestamp 15. Instrumentswrittencontrarytosection13or14deemedunstamped 16. Denotingduty C.OFTHETIMEOFSTAMPINGINSTRUMENTS 17. InstrumentsexecutedintheStateofKerala 18. InstrumentsexecutedoutofIndia 19. PaymentofdutyoncertaininstrumentsliabletoincreaseddutyintheStateofKerala D.OFVALUATIONFORDUTY 20. Conversationofamountexpressedinforeigncurrencies 21. Stockandmarketablesecuritieshowtobevalued 22. Effectofstatementofrateofexchangeoraverageprice 23. Instrumentreservinginterest PageNo.

DeletedbyAct7of1973.

24. Certaininstrumentsconnectedwithmortgagesofmarketablesecuritiestobechargeable asagreement 25. Howtransferinconsiderationofdebt,orsubjecttofuturepayment,etc.,tobecharged 26. Valuationincaseofannuity,etc. 27. Stampwherevalueofsubjectmatterisindeterminate 28. FactsaffectingdutytobesetforthinInstrument
1 [FixationofFairvalueofland] 29. Directionastodutyincaseofcertainconveyances

E.DUTYBYWHOMPAYABLE 30. Dutiesbywhompayable CHAPTERIII AdjudicationastoStamps 31. Adjudicationastoproperstamp 32. CertificatebyCollector CHAPTERIV InstrumentsnotdulyStamped 33. Examinationandimpoundingofinstruments 34. Instrumentnotdulystampedinadmissibleinevidence,etc. 35. Admissionofinstrumentwherenottobequestioned 36. Admissionofimproperlystampedinstruments 37. Instrumentsimpoundedhowdealtwith 38. Collectorspowertorefundpenaltypaidundersubsection(1)ofsection37 39. Collectorspowertostampinstrumentsimpounded 40. Instrumentsundulystampedbyaccident 41. Endorsementofinstrumentsonwhichdutyhasbeenpaidundersection34,39or40 42. ProsecutionforoffenceagainstStampLaw 43. Personspayingdutyorpenaltymayrecoversameincertaincases 44. Power of Government or otherspecifiedauthorityto refundpenalty or excessdutyin certaincases 45. Nonliabilityforlossofinstrumentssentundersection37 [45A. Instrument not being stamp of sufficient as per fair value of land how to be dealt
2 with] 45B.Instrumentsundervaluedhowtobedealtwith 3 [45C.PurchaseoflandbyGovernment] 46. Recoveryofdutiesandpenalties

ChapterV
1 2

InsertedbyKeralaFinanceAct,1994(Act19of1994)witheffectfrom141994. InsertedbyKeralaFinanceAct,1994 (Act19of1994)witheffectfrom141994.

AllowancesforStampsinCertainCases 47. Allowanceforspoiledstamps 48. Applicationforreliefundersection47whentobemade 49. AllowanceincaseofprintedformsnolongerrequiredbyCorporations 50. Allowanceformisusedstamps 51. Allowanceforspoiledormisusedstampshowtobemade 52. Allowanceforstampsnotrequiredforuse 53. Allowanceforstampsindenominationsofannas CHAPTERVI ReferenceandRevision 54. Controlofandstatementofcaseto,theGovernmentorotherauthorityspecifiedbythe Government. 55. Statement of case by Government or other authority specified by the Government to HighCourt 56. PowerofHighCourttocallforfurtherparticularsastocasestated 57. Procedureindisposingofcasestated 58. StatementofcaseofotherCourtstoHighCourt 59. RevisionofcertaindecisionsofCourtsregardingthesufficiencyofstamps CHAPTERVII CriminalOffencesandProcedure 60. Penaltyforexecuting,etc.,instrumentsnotdulystamped 61. Penaltiesforfailuretocanceladhesivestamp 62. Penaltyforomissiontocomplywithprovisionsofsection28 63. Penaltyfordevicestodefraudtherevenue 64. Penaltyforbreachofrulerelatingtosaleofstampsandforunauthorizedsale 65. Institutionsandconductofprosecutions 66. JurisdictionofMagistrate 67. Placeoftrial CHAPTERVIII SupplementalProvisions 68. Books,etc.tobeopentoinspection 69. Powertomakerules 70. SavingastoCourtFees 71. Savingasthecertainstamps 72. ApplicationoftheIndianStampAct,1899 73. RepealandSavings SCHEDULE

THEKERALASTAMPACT,1959
1 (Act17of1959)

Amendedby (Acts 19 of 1963, 17 of 1967, 29 of 1969, 6 of 1972, 7 of 1973, Finance Act 19 of 1983, Finance Act 14 of 1985, Act 14 of 1988, Finance ordinance 9 of 1991, Act 16 of 1991 And FinanceAct,19of1994) AnActtoconsolidateandamendthelawrelatingtostampsintheStateofKerala WHEREAS itisexpedienttoconsolidateandamendthelawrelatingtostampsintheStateof Kerala BEitenactedintheTenthYearoftheRepublicofIndiaasfollows: CHAPTERI Preliminary 1. Shorttitle,extentandcommencement: (1) ThisActmaybecalledtheKeralaStampAct,1959. (2) ItextendstothewholeoftheStateofKerala. (3) It shall come into force on such date as the Government may, by notification in the
1 Gazetteappoint.

2. Definitions:InthisAct,unlessthecontextotherwiserequires: (a) bondincludes: (i) any instrument where by a person obliges himself to pay money to another, on conditionthattheobligationshallbevoidifaspecifiedActisperformed,orisnot performed,asthecasemaybe (ii) anyinstrumentattestedbyawitnessandnotpayabletoorderorbearer,wherebya personobligeshimselftopaymoneytoanotherand

(iii) anyinstrumentsoattested, whereby apersonobliges himselfto deliver grain or otheragriculturalproducetoanother (b) Chargeable means, as applied to an instrument executed or first executed after the commencement of this Act, chargeable under this Act, and as applied to any other instrument, chargeable under the law in force I the territories of the State of Kerala whensuchinstrumentwasexecuted,or,whereseveralpersonsexecutedtheinstrument atdifferenttimes,firstexecuted
1

TheActcameintoforceon191960byNotificationNo.GI13823/591/RDdated1081960and PublishedinKeralaGazetteNo.33Dated1681960. FordefinitionDocumentSeeGeneralClausesAct,1897

(c) Collector means the Chief Officer in charge of the Revenue Administration of a Districtandincludes any other officer whomtheGovernment may, by notificationin theGazette,appointinthisbehalf (d) Conveyanceincludesaconveyanceonsaleandeveryinstrumentbywhichproperty, whether movable, orimmovable is transferredinter vivos and which is not otherwise specificallyprovidedforbytheSchedule (e) Duly Stamped as applied to an instrument means that the instrument bears an adhesiveorimpressedstampofnotlessthantheproperamountandthatsuchstamphas been affixed or used in accordance with the law for the time being in force in the territoriesoftheStateofKerala (f) Executed and Execution used with reference to instruments, mean signed and Signature.
1 (ff)fairvalueoflandmeansthefairvalueoflandfixedundersection28A

(g) Government Security means a Government Security as defined in the Public Debt Act,1944(CentralAct18of1944) (h) impressedstampincludes (i) labelsaffixedandimpressedbytheproperofficerand (ii) stampsembossedorengravedonstampedpaper (i) IndiameanstheterritoryofIndiaexcludingtheStateofJammuandKashmir (j) Instrumentincludes everydocumentbywhichanyrightorliabilityis,orpurportsto be,created,transferred,limited,extended,extinguishedorrecordedbutdoesnotinclude abillofexchange,promissorynote,billoflading,letterofcredit,policyofinsurance,
2 transferofshare,debenture,proxyandreceipt

(k) Instrument of Partition means any instrument whereby coowners of any property divideoragreetodividesuchpropertyinseveralty,andincludesalsoafinalorderfor effectingapartitionpassedbyanyRevenueAuthorityoranyCivilCourtandanaward byanarbitratordirectingapartition (l) Leasemeansaleaseofimmovableproperty,andincludesalso: (i) Marayapattom (ii) Kanapattom (iii) anagreementorotherundertakinginwritingnotbeingacounterpartofalease,to cultivate,occupy,orpayordeliverrentforimmovableproperty (iv) anagreement or other undertaking in writing, executed by the renters of abkari andopiumfarms (v)
1 2

anyinstrumentbywhichtollsofanydescriptionarelet

InsertedbyKeralaFinanceAct,1994(Act19of1994)witheffectfrom141994. InstrumentsofanyofthekindsmentionedinScheduleIoftheActistaxableundertheitemofschedule underwhichitfalls.Rectificationdeedsarenotinstrumentsandrectificationsrectifyingclericalerrorsare nottaxabletoduty.R.Dis10620/65/LRdated3031965ofBoardofRevenue,Kerala.

(vi) anywritingonanapplicationforaleaseintendedtosignifythattheapplicationis grantedand (vii) apatta. (m) MarketableSecuritymeansasecurityofsuchadescriptionastobecapableofbeing 1 soldinanystockmarketinIndia(mm)[xxx] (n) Mortgage Deed includes every instrument whereby, for the purpose of securing moneyadvanced,ortobeadvanced,bywayofloan,oranexistingorfuturedebt,orthe performance of an engagement, one person transfers, or creates, to or in favour of another,arightoverorinrespectofspecifiedproperty (o) Paperincludesvellum,parchmentoranyothermaterialonwhichaninstrumentmay bewritten (p) PowerofAttorneyincludesanyinstrument(notchargeablewithafeeunderthelaw relatingtoCourtfeesforthetimebeinginforce)empoweringaspecifiedpersontoact forandinthenameofthepersonexecutingit (q) Settlement means any nontestamentary disposition in writing, of movable or immovablepropertymade (i) (ii) inconsiderationofmarriage, forthepurpose of distributingproperty ofthesettler among his family orthose forwhomhedesirestoprovide,orforthepurposeofprovidingforsomeperson dependentonhim,or (iii) foranyreligiousorcharitablepurpose andincludesanagreementinwritingtomakesuchadisposition(andwhereany suchdispositionhasnotbeenmadeinwriting,anyinstrumentrecordingwhether bywayofdeclaration,oftrustorotherwise,thetermsofanysuchdisposition) (r) Vesselmeansanythingfortheconveyance,bywater,ofhumanbeingsorproperty.

CHAPTERII StampDuties A.OFTHELIABILITYOFINSTRUMENTSTODUTY 3. Instruments chargeable with duty: Subject to the provisions of this Act and the exemptionscontainedinSchedule,thefollowinginstrumentsshallbechargeablewithduty oftheamountindicatedinthatScheduleastheproperdutytherefore,respectively,thatisto say

InsertedbyAct14of1988(mm)minimumvalue ofland meansthe minimumvalueoflandfixedby theCollectorunderSection28A,bynotificationintheGazetteortheconsiderationpaidforsuchlandas setfortheintheinstrumentwhicheverishigher.ThisinsertionwasdeletedbyAct16of1991.Thiswas operativefrom921988to1011991KeralaGazetteExtraordinaryNo.506,Dated1141991.

(a) everyinstrumentmentionedintheSchedulewhichnothavingbeenpreviouslyexecuted by any person, is executed in the territories of the State of Kerala on or after commencementofthisActand (b) every instrument mentioned in that schedule which, not having been previously executed by any person, is executed out of the State of Kerala on or after that day relates to any property situate, or to any matter or thing done or to be done, in the territoriesoftheStateofKeralaandisreceivedintheterritoriesoftheStateofKerala: Providedthatnodutyshallbechargeable inrespectof (1) any instrument, executed by, or on behalf of, or in favour of, the Central Government of this or any other State Government in case where, but for this exemption, the Central Government or the State Government, would be liable to paythedutychargeableinrespectofsuchinstrument (2) anyinstrumentforsale,transferorotherdispositioneitherabsolutelyorbywayof mortgageorotherwiseofanyshiporvesseloranypart,interest,shareorproperty oforinanyshiporvessel. 3A 4.
1 [xx x]

Severalinstrumentsusedinsingletransactionofsale,mortgageorsettlement: (1) Where in the case of any sale, mortgage or settlement, several instruments are employed for completing the transaction, the principal instrument only shall be chargeable with the duty prescribed in Schedule for the conveyance mortgage, or settlement, and each of the other instruments shall be chargeable with a duty of 2 [FifteenRupees] insteadoftheduty,ifany,prescribedforitinSchedule. (2) The parties may determine for themselves which of the instruments so employed shall,forthepurposeofsubsection(1),bedeemedtobetheprincipalinstrument: Providedthatthedutychargeableontheinstrumentsodeterminedshallbethehighest dutywhichwouldbechargeableinrespectofanyofthesaidinstrumentsemployed.

5.

Instruments relating to several distinct matters: Any instrument comprising or relatingtoseveral distinct matters shallbe chargeablewiththeaggregateamount ofthe duties with which separate instruments, each comprising or relating to one of such matters,wouldbechargeableunderthisAct.

6.

Instruments coming within several descriptions in Schedule: Subject to the provisionsofthelastprecedingsection,aninstrumentsoframedastocomewithintwoor moreofthedescriptionsintheScheduleshall,wherethedutieschargeablethereunderare different,bechargeableonlywiththehighestofsuchduties:

InsertedbyAct6of1972,subsequentlyomittedbyAct7of1973.Itranasfollows: 3A.Chargingadditionalstampdutyoftwentypaiseforrefugeesrelief. 2 TworupeessubstitutedbyfifteenRupeesbyAct14of1988witheffectfrom2421988

Providedthat nothing containedinthis Actshall render chargeable with duty exceeding

1 [FifteenRupees] acounterpartorduplicateofanyinstrumentchargeablewithdutyand inrespectofwhichtheproperdutyhasbeenpaid. 2 [Explanation****]

7.

Paymentofhigherdutyinrespectofcertaininstruments: (1) Notwithstanding anything contained in section 4 or 6 on in any other enactment, unlessitisprovedthedutychargeableunderthisActhasbeenpaid: (a) ontheprincipalororiginalinstrument,asthecasemaybe,or (b) in accordance with the provisions of this section, the duty chargeable on an instrumentofsale,mortgageorsettlement,otherthanaprincipalinstrumentoron a counterpart, duplicate or copy of any instrument shall, if the principal or original instrument would, when received in the State, have been chargeable underthisActwithahigherrateofduty,bethedutywithwhichtheprincipalor originalinstrumentwouldhavebeenchargeableundersection19. (2) Notwithstandinganythingcontainedinanyenactmentforthetimebeinginforce,no instrument, counterpart, duplicate or copy chargeable with duty under this section shallbereceivedin evidence unlessthe duty chargeableunderthissection has been paidthereon: ProvidedthatanyCourtbeforewhichanysuchinstrument,duplicateorcopyis produced maypermit the duty chargeable under this section to be paid thereon and maythenreceiveitinevidence.

8. Bondsorothersecuritiesissuedonloans: (1) NotwithstandinganythingcontainedinthisAct,anylocalauthorityraisingaloanunder the provisions of any law for the time being in force, by the issue of bonds or, other securitiesotherthandebenturesshallinrespectofsuchloan,bechargeablewithaduty ofonepercentumonthetotalamountofthebonds,orothersecuritiesissuedbyit,and suchbondsorothersecuritiesneednotbestampedandshallnotbechargeablewithany furtherdutyonrenewal,consolidation,subdivisionorotherwise. (2) The provisions of subsection (1) exempting certain bonds, or other securities from being stamped and from being chargeable with certain further duty shall apply to the bonds or other securities other than debentures of all outstanding loans of the kind mentioned thereon, and all such bonds or other securities shall be valid, whether the samearestampedornot. (3) Inthecaseofwillfulneglecttopaythedutyrequiredbythissectionthelocalauthority shall be liable to forfeit to the Government a sum equal to ten per centum upon the
1

Five rupees substituted by fifteen Rupees by Act 14 of 1988 with effect from 2421988. Earlier the wordsfiveRupeesweresubstitutedforthewords,FourRupeesFiftypaisebyAct29of1969,with effectfrom2041969. 2 ExplanationomittedbyAct7of1973

amountofdutypayable,andalikepenaltyforeverymonthafterthefirstmonthduring whichtheneglectcontinues. 9. Powertoreduce,remitorcompoundduties: (1) TheGovernmentmay,byorderpublishedintheGazette: (a) reduceorremit,whetherprospectively,orretrospectivelyinthewholeoranypart of the State of Kerala, if in the opinion to if the Government it is necessary in publicinterestsotodo,thedutieswithwhichanyparticularclassofinstruments, or any of the instruments belonging to such class, or any instruments when executedbyorinfavourofanyparticularclassofpersons,orbyorinfavourof anymembersofsuchclass,arechargeableand (b) Provided forthe compositionor consolidation of duties inthe case ofissues by anyincorporatedcompanyorotherbodycorporateofbondsorothermarketable securitiesotherthandebentures. (2) Everyruleororderpublishedunderclause(a)ofsubsection(1)shallbelaidassoon asmaybeafteritispublished,beforetheLegislativeAssembly. B.OFSTAMPSANDTHEMODEOFUSINGTHEM 10. Dutieshowtobepaid: (1) Exempt as otherwise expressly provided in this Act, all duties with which any instrumentsarechargeableshallbepaid,andsuchpaymentshallbeindicatedonsuch instruments,bymeansofstamps: (a) accordingtotheprovisionshereincontainedor (b) when no such provision is applicable thereto, as the Government may by rules direct. (2) Therulesmadeundersubsection(1)may,amongothermatters,regulate: (a) inthecaseofeachkindofinstrumentthedescriptionofstampswhichmaybe used (b) inthecaseofinstrumentsstampedwithimpressedstampsthenumberofstamps whichmaybeused. 11. Use of adhesive stamps: The following instruments may be stamped with adhesive stamps:
1 (a) instrumentschargeablewiththedutyof[TwentyPaise] andless 2 (b) [CertificateofenrolmentintherollofadvocatesmaintainedintheStateBarCouncil]

(c) NotarialActs

1 2

SubstitutedbyAct29of1969 EndorsementonMortgagedocumentsareexemptedfromstampdutyvidethisprovision.

(d) InstrumentsastheGovernmentmay,bynotificationintheGazette,specify. 12. Cancellationofadhesivestamps: (1) (a) Whoever affixes any adhesive stamp to any instrument chargeable with duty which has been executedbyanypersonshall, when affixingsuchstamp, cancel thesamesothatitcannotbeusedagainand (b) Whoeverexecutesanyinstrumentonanypaperbearinganadhesivestampshall, atthetimeofexecutionunlesssuchstamphasbeenalreadycancelledinmanner aforesaid,cancelthesamesothatitcannotbeusedagain. (2) Any instrument bearing an adhesive stamp which has not been cancelled so that it cannot be used again shall, so far as such stamp is concerned, be deemed to be unstamped. (3) Thepersonrequiredbysubsection(1)to cancelanadhesivestamp may cancelit y writingonoracrossthestamphisnameorinitialsorthenameorinitialsorhisfirm withthetruedateofhissowritingorinanyothereffectualmanner. 13. Instruments stamped with impressedstamps how to the written: Every instrument writtenuponpaperstampedwithanimpressedstampshallbewritteninsuchmannerthat thestampmayappear onthefaceoftheinstrumentandcannotbeusedfororappliedto anyotherinstrument. 14. Onlyoneinstrumenttobeonsamestamp:Nosecondinstrumentchargeablewithduty shallbewrittenuponapieceofstampedpaperuponwhichaninstrumentchargeablewith dutyhasalreadybeenwritten: Providedthatnothinginthissectionshallpreventanyendorsementwhichisdulystamped or is not chargeable with duty being made upon any instrument for the purpose of transferring any right created or evidenced thereby, or of acknowledging the receipt of
1 anymoneyorgoodsthepaymentordeliveryofwhichissecuredthereby.

15. Instruments written contrary to section 13 or 14 deemed unstamped.Every instrument written in contravention of section 13 or section 14 shall be deemed to be unstamped. [16. Denoting Duty: Where the duty with which an instrument is chargeable, or its exemption from duty, depends in any manner upon the duty actually paid in respect of anotherinstrument, thepaymentofsuchlastmentioneddutyshallbedenoteduponsuch 2 firstmentionedinstrumentby: (i) TheCollector,ifapplicationismadeinwritingforthepurposeandonproductionof boththeinstruments:or

1 2

EndorsementonMortgagedocumentsareexemptedfromstampdutyvidethisprovision. SubstitutedbyAct17of1967witheffectfrom1591967

(ii) BytheRegisteringOfficeronproductionofboththeinstruments,byendorsement underthehandoftheCollectorortheRegisteringOfficer,asthecasemaybe,orin suchothermannerasGovernmentmaybyrulesprescribe] C.OFTHETIMEOFSTAMPINGINSTRUMENTS 17. InstrumentsexecutedintheStateofKerala:Allinstrumentschargeablewithdutyand executedbyanypersonintheState ofKeralashallbestampedbefore or atthetime of execution. 18. InstrumentsexecutedoutofIndia: (1) EveryinstrumentchargeablewithdutyexecutedonlyoutofIndiamaybestamped withinthreemonthsafterithasbeenfirstreceivedintheStateofKerala. Where any such instrument cannot, with reference to the description of stamp prescribedthereof,bedulystampedbyaprivateperson,itmaybetakenwithinthe said period of three months to the Collector who shall stamp the same, in such manner as theGovernment maybyrules prescribe, withastamp ofsuch valueas thepersonsotakingsuchinstrumentmayrequireandpayfor. 19. Payment of duty on certain instruments liable to increased duty in the State of Kerala:WhereanyinstrumentofthenaturedescribedinanyarticleintheScheduleand relatingtoanypropertysituateortoanymatterorthingdoneortobedoneintheStateof KeralaisexecutedoutofthesaidStateandsubsequentlyreceivedinthesaidState: (a) the amount of duty chargeable on such instrument shall be the amount of duty chargeableundertheScheduleonadocumentofthelikedescriptionexecutedin the StateofKeralalesstheamountofduty,ifany,alreadypaidonsuchinstrument,in anyotherStateinIndia. (b) andinadditiontothestamps,ifany,alreadyaffixedtheretosuchinstrumentshall bestampedwiththestampsnecessaryforthepaymentofthedutychargeableonit underclause(a)ofthissection,inthesamemannerandatthesametimeandbythe sameparsonsasthoughsuchinstrumentwereasinstrumentreceivedintheStateof Keralaforthefirsttimeatthetimewhenitbecamechargeablewiththehigherduty, and (c) theprovisionscontainedinclause(b)oftheprovisotosubsection(3)ofsection32 shall apply to such instrument as if such were an instrument executed or first executed out of India and first received in the State of Kerala when it became chargeabletothehigherdutyaforesaid,buttheprovisioncontainedinclause(a)of thesaidprovisoshallnotapplythereto. D.OFVALUATIONFORDUTY 20. Conversionofamountexpressedinforeigncurrencies: (1) Whereaninstrumentischargeablewith advaloremrespectofanymoneyexpressed in any currency other that of India, such duty shall be calculated on the value of

(2)

such money inthe currency ofIndiaaccordingtothe currentrate of exchange on thedayofdateofthe instrument. (2) Therateof exchange prescribedbytheCentralGovernmentundersubsection(2) of section 20 of the Indian Stamp Act, 1889 (Central Act II of 1889) shall be deemed to be the current rate of exchange for the conversion of any foreign currencyforthepurposeofcalculatingthedutyundersubsection(1) 21. Stockandmarketablesecuritieshowtobevalued:Whereaninstrumentischargeable withadvaloreminrespectofanystockorofanymarketableorothersecurity,suchduty shallbecalculatedonthevalueofsuchstockorsecurityaccordingtotheaveragepriceor thevaluethereofonthedayofdateoftheinstrument. 22. Effectofstatementofrateofexchangeoraverageprice:Whenaninstrumentcontains astatementofcurrentrateofexchange,oraverageprice,asthecasemayrequire,andis stampedinaccordancewithsuchstatement,itshall,sofarasregardsthesubjectmatterof suchstatement,bepresumed,untilthecontraryisproved,tobedulystamped. 23. Instrumentreservinginterest:Whereinterestisexpressly madepayablebytheterms ofaninstrument,suchinstrumentshallnotbechargeablewithdutyhigherthanthatwith whichitwouldhavebeenchargeablehadnomentionofinterestbeenmadetherein. 24. Certain instruments connected with mortgages of marketable securities to be chargeableasagreements: (1) Whereaninstrument: (a) isgivenupontheoccasionofthedepositofanymarketablesecuritybyway ofsecurityformoneyadvancedortobeadvancedbywayofloan, orforan existingorfuturedebtor (b) makesredeemableorqualifiesadutystampedtransferintendedasasecurity, ofanymarketablesecurity itshallbechargeablewithdutyasifitwereanagreementormemorandumof anagreementchargeablewithdutyunderArticle5oftheSchedule. (2) Areleaseordischargeofanysuchinstrumentshallbechargeablewiththelikeduty.

25. How transfer in consideration of debt, or subject to future payment etc., to be charged:Whereanypropertyistransferredtoanypersoninconsideration,whollyorin partofanydebtduetohimorsubjecteithercertainlyorcontingentlytothepaymentor transfer of any money or stock, whether being or constituting a charge or encumbrance uponthepropertyornotsuchdebt,money,orstockistobedeemedthewholeorpart,as the case may be, ofthe considerationin respect whereofis chargeable withad valorem duty: Provided that nothing in this section shall apply to any such certificate of sale as is mentionedinArticle16oftheSchedule.

Explanation: Inthecaseofasalepropertysubjecttoamortgageorotherencumbranceany unpaid mortgage money or money charged, together with the interest, if any, dueonthesame,shallbedeemedtobepartoftheconsiderationforthesale: Provided that, where property subject to a mortgage is transferred to the mortgagee, he shallbeentitledtodeductfromthedutypayableonthetransfertheamountofanyduty
1 alreadypaid[****] inrespectofthemortgage.

Illustrations (1) AowesBRs.1,000.AsellsapropertytoBtheconsiderationbeingRs.500andthe releaseofthepreviousdebtofRs.1,000StampdutyispayableonRs.1,500. (2) AsellsapropertytoBforRs.500whichissubjecttoamortgageto CforRs.1,000 andunpaidinterestRs.200.StampdutyispayableonRs.1,700. (3) A mortgage a house of the value of Rs. 10,000 to B for Rs. 5,000. B afterwards buys the house from A. Stamp duty is payable on Rs. 10,000 lessthe amount of stampdutyalreadypaidforthemortgage.

26. Valuation in case of annuity, etc.: Where an instrument is executed to secure the payment of annuity or other sum payable periodically, or where the consideration for a conveyanceisanannuityorothersumpayableperiodically,theamountsecuredbysuch instrument or the consideration for such conveyance, as the case may be, shall, for the purposesofthisAct,bedeemedtobe: (a) Wherethesumpayableforadefiniteperiodsothatthetotalamounttobepaidcan bepreviouslyascertainedsuchtotalamount (b) Wherethesumispayableinperpetuityorforanindefinitetimenotterminablewith anylifeinbeingatthe date ofsuchinstrument or conveyance thetotalamount which according to the terms of such instrument or conveyance will or may be payableduringtheperiodoftwentyyeascalculatedfromthedateonwhichthefirst paymentbecomesdueand (c) Wherethesumispayableforanindefinitetimeterminablewithanylifeinbeingat the date of such instrument or conveyance the maximum amount which will or maybepayableasaforesaid duringtheperiodoftwelve years calculatedfromthe dateonwhichthefirstpaymentbecomesdue. 27. Stamp where value of subject is indeterminate: Where the amount or value of the subjectmatterofanyinstrumentchargeablewithadvaloremdutycannotbeorcouldnot have been, ascertained at the date of its execution, or first execution, nothing shall be claimable under such instrument more than the highest amount or value for which, if statedinaninstrumentofthesamedescription,thestampactuallyusedwould,atthedate ofsuchexecutionhavebeensufficient:

InsertedbyAct6of1972.SubsequentlyomittedbyAct7of1973.(Otherthantheadditionaldutypaid inpursuanceofsubsection(2)ofsection3A)

Providedthat,inthecaseoftheleaseofmineinwhichroyaltyorashareoftheproduceis received as the rent or the part of the rent it shall be sufficient to have estimated such royaltyorthevalueofsuchshare,forpurposeofstampduty: (a) When the lease has been granted by or on behalf of the Government, at such amount or value as Collector may, having regard to all the circumstances of the case, have estimated as likely to be payable by way of royalty or share to the Governmentundertheleaseor (b) When the lease has been granted by any the person, at twenty thousand rupees a year andthewholeamountofsuchroyaltyorshare,whatevermaybe,shallbeclaimed undersuchlease: Providedalsothat,whereproceedingshavebeentakeninrespectofanyinstrument undersection31or39theamountcertifiedbytheCollectorshallbedeemedtobe thestampactuallyusedatthedateofexecuting. 28. Facts affectingdutytobeset forth ininstrument:The consideration, if any, and all otherfactsand circumstancesaffectingthechargeabilityofanyinstrumentwithduty,or the amount of the duty with which it is chargeable, shall be fully and truly set forth therein.
1 [28.A.Fixationoffairvalueofland:

(1)

EveryRevenueDivisionalOfficershall, subjecttosuchrules as may be madeby theGovernmentinthisbehalf,fixthefairvalueofthelandssituatewithinthearea ofhisjurisdiction,forthepurposeofdeterminingthedutychargeableatthetimeof registrationofinstrumentsinvolvinglands.

28AsectionwasinsertedbyAct14 of1988andwasdeletedby Act16of1991.The followingis the section28A.Fixationofminimumvalueofland: (1) The Collector shall subject to such rules as may be prescribed by Government, fix the minimum value of lands situate within the area of his jurisdiction, for the purpose of determining the duty chargeableatthetimeofregistrationofinstrumentsinvolvinglands. (2) The Collector shall in fixing the minimum value of land under subsection (1), have regard inter aliatothefollowingmatters,namely: (a) developmentof areasuchasthecommercialimportance,facilitiesfor watersupply,electricity, transportandcommunication (b) proximity to markets, bus stations, railway stations, factories, educational institutions or other institutions (c) the geographical lie of the land, the nature of land such as dry, waste, wet or garden land, fertility,natureofcrop,yieldingcapacityandcostofcultivationand (d) suchothermattersasmaybeprescribedbytherules (3) Theminimumvalueofland,fixedundersubsection(1)shallbepublishedinsuchmannerasmaybe prescribedbyrulesmadeunderthisAct. (4) NoappealorrevisionshalllieagainstthedecisionoftheCollectorundersubsection(1). [This said section came into force from 921988 and deleted with effect from 1111991 S. 28A OmittedbyAct16of1991inK.G.Ext.No.506dated1141991]

(2)

TheRevenueDivisionalOfficershall,infixingthefairvalueofalandundersub section(1)haveregard interalia tothefollowingmatters,namely: (a) development of the area in which the land is situate such as the commercial importance, facilities for water supply, electricity, transport and communication: (b) proximity of the land to markets, bus stations, railway stations, factories, educationalinstitutionsorotherinstitutions (c) thegeographicallieoftheland,thenatureofthelandsuchasdry,waste,wetor gardenland, fertility, nature of crop,yielding capacityand costof cultivation and (d) suchothermattersasmaybeprovidedintherulesmadeunderthisAct.

(3)

thefairvalueoflandfixedundersubsection(1)shallbepublishedinsuchmanner asmaybeprovidedintherulesmadeunderthisAct. anypersonaggrievedbythefixationoffairvalueundersubsection(1)may,within

1 thirtydaysofitspublicationundersection(3)appealtothecollector]

(4)

29. Directionasdutyincaseofcertainconveyance: (1) Where any property has been contracted to be sold for one consideration for the whole,andisconveyedtothepurchaserinseparatepartsbydifferentinstruments, the consideration shall be apportioned in such manner as the parties think fit, provided that a distinct consideration for each separate part is set forth in the conveyance relating thereto and such conveyance shall be chargeable with ad valoremdutyinrespectofsuchdistinctconsideration. (2) Wherepropertycontractedtobepurchasedforoneconsiderationforthewhole,by twoormorepersonsjointly,orbyanypersonforhimselfandothers,orwhollyfor others,isconveyedonpartsbyseparateinstrumentstothepersonsbyorforwhom the same was purchased for distinct parts of the consideration, the conveyance of eachseparatepartshallbechargeablewithadvaloremdutyinrespectofthedistinct partoftheconsiderationthereinspecified. (3) Whereaperson,havingcontractedforthepurchaseofanypropertybutnothaving obtaineda conveyancethereof, contracts tosell thesametoany otherperson and the property is in consequence conveyed immediately to the subpurchaser, the conveyanceshallbechargeablewithadvaloremdutyinrespectoftheconsideration forthesalebytheoriginalpurchasertothesubpurchaser. (4) Whereaperson,havingcontractedforthepurchaseofanypropertybutnothaving obtained a conveyance thereof, contract to sell whole or any part thereof to any otherpersonorpersonsandthepropertyisinconsequenceconveyedbytheoriginal seller to different persons in parts, the conveyance of each part sold to a sub
1

ThePresent28ASectioninsertedbyFinanceAct,1994(Act19of1994)witheffectfrom141994.

purchasershallbechargeableadvaloremdutyinrespectonlyoftheconsideration paid by such subpurchaser without regard to the amount or value of the original consideration and the conveyance of the residue, if any, of such property to the originalpurchasershallbechargeablewithadvaloremdutyinrespectonlyofthe excessoftheoriginalconsiderationovertheaggregateoftheconsiderationpaidby thesubpurchasers. Providedthatthedutyonsuchlast mentionedconveyanceshall innocasebeless thantworupees. (5) Where a subpurchaser takes an actual conveyance of the interest of the person immediatelysellingtohim,whichischargeablewithadvaloremdutyinrespectof theconsiderationpaidbyhimandisdulystampedaccordinglyanyconveyanceto be afterwards made to him of the same property by the original seller shall be chargeable with a duty equalto that which wouldbe chargeable onaconveyance for the consideration obtained by such original seller, or where such duty would exceedtenrupees,withadutyoftenrupees. E.DUTYBYWHOMPAYABLE 30. Dutiesbywhompayable:Intheabsenceofanagreementtothecontrary,theexpenseof providingtheproperstampshallbeborne. (a) in the case of any instrument described in any of the following articles of the Schedule,namely. No.2(AdministrationBoard) No.6(Agreementrelatingtodeposittotitledeeds,pawnorpledge), No.13(Bond), No.14(BottomryBond),
1 2 No.[25] (CustomsBondorCentralExciseBond ), 1 No.[30] (FurtherCharge), 1 No.[32] (IndemnityBond), 1 No.[37] (MortgageDeed), 1 No.[48] (Release), 1 No.[49] (RespondentiaBond), 1 No.[50] (SecurityBondorMortgageDeed), 1 No.[51] (Settlement), 1 No.[55] (c)(TransferofanyinterestsecuredbyaBondorMortgageDeed),bythe persondrawing,makingorexecutingsuchinstrument

(b)

inthe case of a conveyance(including areconveyance of mortgaged property)by the granteeinthe case ofalease oragreementtoleasebythelessee orintended lessee

(c)
1 2

inthecaseofacounterpartoflease bythelessor

SubstitutedbyAct29of1969. SubstitutedbyAct17of1967witheffectfrom1591967

(cc) [inthecaseofacertificateofenrolmentintherollofadvocatesmaintainedbythe
1 StatebarCouncilbytheadvocateenrolled]

(d) (e)

inthecaseofaninstrumentofexchange bythepartiesinequalshares inthecaseofacertificateofsalebythepurchaserofthepropertytowhichsuch certificaterelatesand inthe caseofaninstrument ofpartitionbytheparties theretoinproportionto their respective shares in the whole property partitioned, or, when the partition is made in execution of an order passed by a Revenue Authority or Civil Court or Arbitrator,insuch proportionassuchAuthorityorCourtorArbitratordirects.

(f)

CHAPTERIII AdjudicationastoStamps 31. AdjudicationastoproperStamp: (1) When any instrument, whether executed or not and previously stamped or not is broughttotheCollector,andthepersonbringingit applies tohavetheopinionof thatofficersastoduty,ifany,withwhichitischargeable,andpaysafeeofsuch amountnotexceedingtenrupeesandnotlessthanonerupees)astheCollectormay ineachcasedirect,theCollectorshalldeterminetheduty,ifany,withwhich,inhis judgment,theinstrumentischargeable. (2) ForthispurposetheCollector may requiretobe furnished with anabstract ofthe instrument, and also with such affidavit or other evidence as he may deem necessarytoprovethatallthefactsandcircumstancesaffectingthechargeabilityof theinstrumentwithduly,ortheamountofthedulywithwhichitischargeable,are fully and truly set forth therein, and may refuse to proceed upon any such application,untilsuchabstractandebvidencehavebeenfurnishedaccordingly: Providedthat (a) noevidencefurnishedinpursuanceofthissectionshallbeusedagainstanyperson in any civil proceeding except in any enquiry as to the duty with which the instrumenttowhichitrelatesischargeableand (b) everypersonbywhomanysuchevidenceisfurnishedshall,onpaymentoffullduty with whichthe instrumentto whichit relates,is chargeable, berelieved fromany penalty which he may have incurred under this Act by reason of the omission to statetrulyinsuchinstrumentanyofthefactsorcircumstancesaforesaid. 32. CertificatebyCollector: (1) WhenaninstrumentbroughttotheCollectorundersection31,isinhisopinion,one ofadescriptionchargeablewithduly,and

Insertedbyibid.

(a) (b)

theCollectordeterminesthatitalreadyfullystamped,or thedutydeterminedbytheCollectorundersection31,orsuchasumas,with duty already paid in respect of the instrument is equal to the duty so determined,hasbeenpaid,theCollectorshallcertifybyendorsementonsuch instrumentthatthefullduty(statingtheamount)withwhichitischargeable hasbeenpaid.

(2)

When such instrument is, in his opinion, not chargeable with duty, the Collector shallcertify inmanneraforesaidthatsuchinstrumentisnotsochargeable. Anyinstrumentuponwhichanendorsementhasbeenmadeunderthissectionshall bedeemedtobedulystampedornotchargeablewithdutyasthecasemaybeand, if chargeable with duty,shallbe receivablein evidence or otherwise,and may be acteduponandregisteredasifithasbeenoriginallydulystamped.

(3)

ProvidedthatnothinginthissectionshallauthorizetheCollectortoendorse: (a) anyinstrumentexecutedorfirstexecutedinIndiaandbroughttohimafterthe expirationofonemonth fromthedateofitsexecution, orfirstexecution,as thecasemaybe (b) any instrument executed or first executed out of India and brought to him aftertheexpirationofthreemonthsafterithasbeenfirstreceivedintheState or (c)
1 1 any instrument chargeable with the duty of [twenty Paise] or less than

[twentyPaise]whenbroughttohim,aftertheexecutionthereofonpapernot dulystamped. CHAPTERVI InstrumentsnotdulyStamed

33. Examinationandimpoundingofinstruments: (1) Everypersonhavingbylaworconsentofpartiesauthoritytoreceiveevidence,and everypersoninchargeofapublicoffice,exceptanOfficerofPolice,beforewhom anyinstrument, chargeablein hisopinion, with duty,isproduced or comes inthis performanceofhisfunctions,shall,ifit appearstohimthatsuchinstrumentinno dulystamped,impoundthesame. (2) Forthat purpose every such person shall examine every instrument so chargeable andsoproducedorcomingbeforehim,inordertoascertainwhetheritisstamped with astampofthevalueanddescriptionrequiredbythelawinforceintheState whensuchinstrumentwasexecutedorfirstexecuted: Providedthat
1

SubstitutedbyAct29of1969w.e.f.20041969

(a)

nothinghereincontainedshallbedeemedtorequireanyMagistrateorJudge ofaCriminalCourttoexamineorimpound,ifhedoesnotthinkfittodo,any instrument coming before him in the course of any proceeding other than proceeding under Chapter XII or Chapter XXXVI of the Code of Criminal Procedure,1898

(b)

in the case of a Judge of the High Court, the duty of examining and impounding any instrument under this section may be delegated to such officerastheCourtappointsinhisbehalf.

(3)

Forthepurposeofthissection,incasesofdoubt,theGovernmentmaydetermine: (a) (b) whatofficesshallbedeemedtobepublicofficesand whoshallbedeemedtobepersonsinchargeofpublicoffices.

34. Instrument not duly stamped inadmissible in evidence, etc: No instrument chargeable withdutyshallbeadmittedinevidenceforanypurposebyanypersonhavingbylawor consent of parties authority to receive evidence or shall be acted upon, registered or authenticationbyanysuchpersonorbyanypublicofficer,unlesssuchinstrumentisduly stamped. Providedthat (a)
1 any such instrument not being an instrument chargeable with a duty of [twenty 1 paise]orlessthan [twentypaise]shall,subjecttoalljustexceptions,beadmittedin evidenceonpaymentofthedutywithwhichthesameischargeable,or,inthecase

of an instrument insufficiently stamped, of the amount required to make up such duty, together with a penalty to five rupees or, when ten times the amount of the proper duty or deficient portion thereof exceeds five rupees, of sum equal to ten timessuchdutyorportion (b) anysuchinstrument,whenpresentedtoaRegisteringOfficerforregistration,shall beregistered,ifthepartyagreestopaythedutyandpenaltyduethereonasdecided bytheRegisteringOfficerandpaysthesamewithinsevendaysfromthedate. whereacontractoragreementofanykindiseffectedbycorrespondenceconsisting oftwoormorelettersandanyoneofthelettersbearstheproperstamp,thecontract oragreementshallbedeemedtobedulystamped (d) nothinghereincontainedshallpreventtheadmissionofanyinstrumentinevidence inanyproceedinginaCriminalCourt,otherthananproceedingunderChapterXII orChapterXXXVIoftheCodeOfCriminalProcedure,1898 (e) nothinghereincontainedshallpreventtheadmissionofanyinstrumentinanyCourt when such instrument has been executed by or on behalf of the Government, or whereitbearsthecertificateoftheCollectorasprovidedbySection32oranyother provisionofthisAct.
1

(c)

SubstitutedbyAct29of1969witheffectfrom20041969

35. Admissionofinstrument wherenot tobequestioned:Whenaninstrument has been admittedinevidencesuchadmissionshallnotexceptasprovisioninSection59,becalled inquestionatanystageofthesamesuitorproceedingonthegroundthattheinstrument hasnotbeendulystamped. 36. Admission of improperly stamped instruments: The Government may make rules providing that, where as instrument bears a stamp of sufficient amount but of improper description, it may, on payment of the duty with which the same is chargeable, be certifiedto dulystamped, and anyinstrumentso certifiedshallthenbe deemedto have beendulystampedasfromthedateofitsexecution. 37. Instrumentsimpoundedhowdealtwith: (1) Whenthepersonimpoundingasinstrumentundersection33hasbylaworconsent ofparties authoritytoreceiveevidenceandadmitssuchinstrumentinevidenceor when he is a Registering Officer to register such instrument upon payment of a penaltyasprovidedbysection34orofdutyasprovidedbysection36,heshallsend totheCollectoranauthenticatedcopyofsuchinstrument,togetherwithacertificate in writing, stating the amount of duty and penalty levied in respect thereof, and shallsendsuchamounttotheCollectorortosuchpersonashemayappointinthis behalf. (2) ineveryothercase,thepersonsoimpoundinganinstrumentshallsenditinoriginal totheCollector.

38. Collectorspowertorefundpenaltypaidundersubsection(1)ofsection37: (1) When a copy of an instrument is sent to the Collector under subsection (1) of section37,hemay,ifhethinksfit,refundthewholeoranyportionofthepenaltyin excessoftenrupeeswhichhasbeenpaidinrespectofsuchinstrument. (2) When such instrument has been impounded only because it has been written in contraventionofsection13orsection14,Collectormayrefundthewholepenalty sopaid. 39. Collectorspowertostampinstrumentimpounded: (1) When the Collector impounds any instrument under section 33, or receives any instrumentsenttohimundersubsection(2)ofsection37,notbeinganinstrument 1 chargeable with a duty of [twenty paise] or less, he shall adopt the following procedure: (a) ifheis ofopinionthatsuchinstrumentis dulystampedorisnotchargeable withduty,heshallcertifybyendorsementthereonthatitisdulystampedor thatitisnotsochargeableasthecasemaybe

ThewordstwentypaiseweresubmittedforthewordstwelvepaisebyAct1969of1969witheffect from20041969

(b)

ifheissoopinionthatsuchinstrumentischargeablewithdutyandisnotduly stamped he shall require the payment of the proper duty or the amount requiredtomakeupthesame,togetherwithapenaltyoffiverupeesorofhe thinksfit,anamountnoexceedingtentimestheamountoftheproperdutyor ofthedeficientportionthereofwhethersuchamountexceedsorfallsshortof fiverupees Providedthat,whensuchinstrumenthasbeenimpoundedonlybecauseithas beenwrittenincontraventionofsection13orsection 14,theCollectormay, ifhethinksfit,remitthewholepenaltyprescribedbythissection.

(2)

Everycertificateunderclause(a)ofsubsection(1)shall,forthepurposeofthisAct beconclusiveevidenceofthemattersstatedtherein.

(3)

WhereaninstrumenthasbeensenttotheCollectorundersubsection(2)ofsection 38,theCollectorshall,whenhehasdealtwithitasprovidedbythissection,return ittotheimpoundingofficer.

40

Instrumentsundulystampedbyaccident:Ifanyinstrumentchargeablewithdutyand
1 not duly stamped, not being an instrument chargeable with a duty of [twenty paise] or

less is produced by any person of his own motion before the Collector within on year fromthedateofitsexecutionorfirstexecutionandsuchpersonbringstothenoticeofthe Collector the fact that such instrument is not duly stamped and offers to pay to the Collectortheamountoftheproperduty,ortheamountrequiredtomakeupthesameand the Collector is satisfied that the omission to duly stamped such instrument has been occasionedbyaccident,mistakeorurgentnecessity,hemay,insteadofproceedingsunder section33and39,receivesuchamountandproceedasnexthereinafterprescribed. 41. Endorsementofinstrumentson whichdutyhasbeenpaidundersections34,39,or 40: (1) Whenthedutyandpenalty,ifanyleviableinrespectofanyinstrumenthavebeen paid under section 34, section 39 or section 40, the person admitting such instrument in evidence or the Collector, as the case may be, shall certify by endorsement thereon that the proper duty or, as the case may be proper dutyand penalty (stating the amount of each) have been levied in respect thereof and the nameandresidenceofthepersonpayingthem. (2) Everyinstrumentso endorsedshallthereuponbeadmissible inevidence, andmay beregisteredandacteduponandauthenticatedasifithadbeendulystamped,and shall be delivered on this application in this behalf to the person from whose possession it came into the hands of the officer impounding it, or as such person maydirect. (a) noinstrumentwhichhasbeenadmittedinevidenceuponpaymentofdutyand apenaltyundersection34shallbesodeliveredbeforetheexpirationofone

monthfromthedateofsuchimpounding,oriftheCollectorhascertifiedthat itsfurtherdetentionisnecessaryandhasnotcanceledsuchcertificate (b) NothinginthissectionshallaffectOrderXIII.rule9ofthefirstScheduleto theCodeofCivilProcedure,1908.

42. ProsecutionforoffenceagainstStampLaw:Thetakingofproceedingsorthepayment ofapenaltyunderthisChapterinrespectofanyinstrumentshallnotbartheprosecution of any person who appears to have committed an offence the law relating to stamps in respectofsuchinstrument: 43. Personpayingdutyonpenaltymayrecoversameincertaincases: (1) Whenanydutyorpenaltyhasbeenpaidundersection34,section36,section39or section40, by any personinrespect ofaninstrument,andby agreement or under the provisions of section 30 or any other enactment in force at the time such instrument was executed, some other person was bound to bear the expense of providingtheproperstampforsuchinstrument,thefirstmentionedpersonshallbe entitledtorecoverfromsuchotherpersontheamountofthedutyorpenaltysopaid. (2) For the purpose of such recovery any certificate granted in respect of such instrument under this Act shall be conclusive evidence of the matters therein certified. (3) Suchamountmay,oftheCourtthinksfit,beincludedinanyorderastocostsinany suitorproceedingtowhichsuchpersonsarepartiesandinwhichsuchinstrument has been tendered in evidence. If the Court does not include the amount in such order,nofurtherproceedingsfortherecoveryoftheamountshallbemaintainable. 44. PowerofGovernmentorotherspecifiedauthoritytorefundpenaltyorexcessduty incertaincases: (1) Whereanypenaltyispaidundersection34orsection39,theGovernmentorsuch other authority as may be specified by Government in this behalf may, upon applicationin writing made within one year fromthe date ofthepayment,refund suchpenaltywhollyorinpart. Where, in the opinion of the Government or such Government or such other authority specified under subsection (1), stamp duty in excess of that which is legally chargeable has been charged and paid under section 34 or section 39, the Governmentorsuchauthoritymayupon,applicationinwritingmadewithinthree monthsoftheorderchargingthesame,refundtheexcess. 45. Nonliabilityforlossofinstrumentssentundersection37: (1) If anyinstrumentsenttotheCollector under subsection(2) of section37islost, destroyedordamagedduringtransmission,thepersonsendingthesameshallnotbe liableforsuchloss,destructionordamage.

(2)

(2)

Whenanyinstrumentisabouttobesent,thepersonfromwhosepossessionincame intothehandsofthepersonimpoundingthesame,mayrequireacopythereoftobe madeattheexpenseofsuchfirstmentionedpersonandauthenticatedbytheperson impoundingsuchinstrument.

1 [45A. Instrumentnotbearingstampofsufficientamountasperfairvalueoflandhowto

bedealtwith: (1) Notwithstandinganything containedinthisAct, theregisteringofficershall, while registering an instrument transferring any instrument transferring any land, other thananinstrument ofpartition,settlementorgiftamongthemembers ofafamily, chargeablewithdutyverifywhetherthevalueoflandortheconsiderationsetforth intheinstrumentisthefairvalueofthatland. (2) Whereonsuchverification,theregisteringofficerissatisfiedthatthevalueofthe landortheconsiderationsetforthintheinstrumentisnotlessthanthefairvalueof theland,heshalldulyregistertheinstrument. Where,onverificationtheregisteringofficerfindsthatthevalueofthelandorthe considerationsetforthintheinstrumentislessthanthefairvalueofthelandfixed undersection28A,heshall,byorder,directthepaymentofproperstampdutyon the fair value of the land fixed under section 28A within a period of seven days fromthedateoftheorderandonpaymentofthedeficitstampduty,theinstrument shallbedulyregistered. (4) Any person aggrieved by an order under subsection (3) may, within thirty days from the date of that order, appeal to the Collector within whose jurisdiction the landissituate.

(3)

Section45AofthePrincipalActisrenumberedas45BbyAct14of1988,45AwasinsertedbyAct14 of1988whichisdetailedbelowandhasbeendeletedfrom1111991byAct16of1991. 4 5A Instrument not bearing stamp of sufficient amount as per minimum value of land how to be dealt with: (1) Notwithstanding anything contained in this Act, the Registering Officer shall, while registering Officer shall, while registering instrument transferring any land or of partition of property involvinglandchargeablewithdutyverifywhetherthevalueoflandoftheconsiderationsetforth intheinstrumentistheminimumvalueofthatland. (2) Where on such verification, the Registering Officer is satisfied that the value of land or the considerationsetforthintheinstrumentistheminimumvalueoftheland,heshalldulyregisterthe instrument. (3) Where onverificationtheRegisteringOfficerfindsthatthevalueoflandorthe considerationset forthintheinstrumentisnottheminimumvalueofland,heshall,byorder,fixtheminimumvalue of land, on the basis of the minimum value of land, on the basis of minimum value of land published under section 28A and the proper stamp duty payable thereon, and on payment of the deficient amount of duty, if any, by the person liable to pay the duty, he shall duly register the instrument. (4) Any person aggrieved by an order of the Registering Officer subsection (3), may appeal to the Collector within whose jurisdiction the landis situate and the decision of the Collector shall, be final.

(5)

The Collector shall hear and dispose of the appeal in such manner as may be prescribedbyrulesmadeunderthisActinbehalfandhisdecisionthereonshallbe 1 final]

45B Instrumentundervaluedhowtobedealtwith: (1) If the Registering Officer, while registering any instrument transferring any property,hasreasontobelievethatthevalueofthepropertyortheconsideration,as the case may be, has not been truly set forth in the instrument, he may, after registeringsuchinstrument,referthesametotheCollectorfordeterminationofthe valueorconsideration,asthecasemaybe,andtheproperdutypayablethereon. (2) Onrespectofareferenceundersubsection(1),theCollectorshall,aftergivingthe partiesareasonableopportunityofbeingheardandafterholdingasenquiryinsuch mannerasmaybeprescribedbyrulesmadeunderthisAct,byorder,determinethe valueofthepropertyortheconsiderationandthedutyaforesaidandthedeficient amountofduty,ifany,shallbepayablebythepersonliabletopaythedutyand,on thepaymentofsuchduty,theCollectorshallendorseacertificateofsuchpayment ontheinstrumentunderhissealandsignature. (3) TheCollectormay,suomotu,within2[twoyears]fromthedateofregistrationfany instrumentnotalreadyreferred to him undersubsection (1),callforand examine theinstrumentforthe purposeofsatisfyinghimselfastothecorrectnessofitsvalue orconsiderationasthecasemaybe,andthedutypayablethereon,andifaftersuch examination, hehas reasontobelievethatthe value orconsiderationhas notbeen trulyset forthintheinstrument, he may determinethe value or considerationand the duty aforesaid, in accordance with procedure provided for in subsection (2) andthedeficientamountofduty,ifany,shallbepayablebythepersonliabletopay thedutyand,onthepaymentofsuchduty,theCollectorshallendorseacertificate ofsuchpaymentontheinstrumentunderhissealandsignature.

45A (5) Anappealundersubsection(4)shallbefiledwithinthirtydaysofthedateofordersoughttobe appealedagainst. (6) TheCollectorshallhearanddisposeoftheappealinsuchmannerasmaybeprescribedbyrules madeunderthisActwithinsixmonthsfromthedateoffilingoftheappealorwithinsuchfurther timeasmaybeextendedbyGovernmentforreasonstoberecordedinwriting. Section45Acameintoforcefrom12111990andwasdeletedw.e.f.1111991. 1. New45AsectioninsertedbyKeralaFinanceAct,1994(Act19of1994)witheffectform14 1994. 2. ThewordstwoyearswassubmittedforthewordssixmonthsbyAct21of1967w.e.f.169 1967. 3. (3A)InsertedbyAct14of1988witheffectfrom12111990andwasdeletedbyAct16of1991 witheffectfrom1111991itranasfollows: (3A)NotwithstandinganythingcontainedinSection45AandtheSchedule,whereaninstrument referredtointhissectionisaninstrumentinvolvingtransferofland,thevalueorconsideration thereofdeterminedbytheCollectorundersubsection(2)orsubsection(3),asthecasemaybe, shallbethebasisforreckoningtheproperamountofdutyinrespectofthatinstrument.

3 [(3A) [***]

(4)

Any person aggrieved by an order of the Collector under subsection (2) or sub section(3) mayappealtotheDistrictCourtwithinwhosejurisdictiontheproperty transferredissituate. Anappealundersubsection(4)shallbefiledwithinthirtydaysofthedateoforder soughttobeappealagainst.

(5)

(6)

TheDistrictCourtshallhearanddispose oftheappealinsuch manneras maybe prescribedbyrulesmadeunderthisAct.

[45C.PurchaseoflandbyGovernment: (1) Notwithstanding anything contained in section 45A or section 45B, where a registering officer while registering any instrument, other than an instrument of partition, settlement or gist, among the members of a family, transferring any property, has reason to believe that the value of the land of the consideration set forthintheinstrumentislessbyfifteenpercentormoreofthefairvalueofthe land fixed under section 28A, he may refer the same to the Collector for an order for purchaseofthelandbytheGovernment. (2) Onreceiptofareferenceundersubsection(1)theCollectorshall, aftergivingthe partiesareasonableopportunityofbeingheardandafterholdinganenquiryinthe mannerasmaybeprescribedbyrulesmadeunderthisAct,byorder,determinethe dutybasedonthefairvalueofthelandanddirectthepersonliabletopaytheduty topaythedeficitamountofdutytogetherwithsuchtimeashemayfix,whichshall notbelessthantwentyonedaysand,onpaymentofsuchduty,theCollectorshall endorse a certificated of such payment on the instrument under his seal and signatureandthereupontheinstrumentshalldulyregisteringofficer. (3) Where the person fails to comply with the direction under sub section (3), the Collector shall order for the purpose of the land by the Government by the Governmentbypayingthevalueoflandofconsiderationsetforthintheinstrument togetherwithanamountequaltotwentyfivecentofsuchvalueorconsideration. (4) WhereanorderforthepurposeofanylandbytheGovernmentismadeundersub section(3),theGovernmentshallpaybywayofconsiderationforsuchpurchasean amount equal to the amount specified in the said subsection and on payment of suchamount,thelandshallvestintheGovernmentfreeformallencumbrances. (5) Anypersonaggrievedbyanactionundersubsection(4)may,withinthirtydaysof thedateofpurchasebytheGovernment,appealtotheDistrictCourtwithinwhose
1 jurisdictionthepropertypurchasesinsituate]

64. Recoveryofdutiesandpenalties:Allduties,penaltiesandothersumsrequiredtobepaid underthisChaptermayberecoveredbytheCollectorbydistressandsaleofthemovable

1

Section45CinsertedbyKeralaFinanceAct,1994,(Act19of1994)witheffectfrom141994

propertyofthepersonfromwhomthesamearedue,orbyanyotherprocessforthetime beinginforcefortherecoveryofarrearsoflandrevenue. CHAPTERV Allowancesforstampsincertaincases 47. Allowance for spoiled stamps: Subject to such rules as may be made by the Government as tothe evidencetoberequired, orthe enquirytobe made, theCollector may,onapplicationmade,withintheperiodprescribedinsection48,andifheissatisfied as to the facts, make allowance for impressed stamps spoiled in the cases hereinafter mentioned,namely: (a) the stamp on any paper inadvertently and undersigned spoiled, obliterated or by errorinwritingoranyothermeans renderedunfitforthepurposeintendedbefore anyinstrumentwrittenthereonisexecutedbyanyperson (b) thestamponanydocumentwhichiswrittenoutwhollyorinpart,butwhichisnot signedorexecutedbyanypartythereto thestampusedforaninstrumentexecutedbyanypartytheretowhich (1) (2) hasbeenafterwardsfoundtobeabsolutelyvoidinlawfromthebeginning hasbeenafterwardsfoundunfit,byreasonofanyerrorormistaketherein,for thepurposeoriginallyintended byreasonofthedeathofanypersonbywhomitisnecessarythatitshouldbe executed, without having executed the same, or of the refusal of any such persontoexecutethesame,cannotbecompletedsoastoeffecttheintended transactionintheformproposed (4) forwantoftheexecutionthereofbysomematerialparty,andhisinabilityor refusaltosignthesame,isinfactincompleteandinsufficientforthepurpose forwhichitwasintended (5) byreason oftherefusal of anypersonto act underthesame, ortoadvance anymoneyintendedtobetherebysecuredorbytherefusalornonacceptance ofanyofficetherebygrantedtotallyfailsoftheintendedpurpose (6) becomes useless in consequence of the transaction intended to be thereby effected, being effected by some other instrument between thesame parties andbearingastampofnotlessvalue (7) is deficient in value and the transaction intended to be thereby effected has beeneffectedbysomeotherinstrumentbetweenthesamepartiesandbearing astampofnotlessvalue (8) is inadvertently and undersignedly spoiled, and in lieu whereof another instrument made between the same parties and for the same purpose is executedanddulystamped.

(c)

(3)

Providedthatin,thecaseofanexecutedinstrument,nolegalproceedinghas beencommencedinwhichtheinstrumentcouldorwouldhavebeengivenor offeredinevidenceandthattheinstrumentisgivenuptobecancelled. Explanation: TheCertificateoftheCollectorundersection32,thatthefulldutywithwhich aninstrumentis chargeablehas beenpaid,isanimpressedstamp withinthe meaningofthissection. 48. Applicationforreliefundersection47whentobemade:Theapplicationforreliefunder section47shallbemadewithinthefollowingperiods,thatistosay (1) in the cases mentioned in clause (c) (5) within two months of the date of the instrument. inthecaseofastamppaperonwhichnoinstrumenthasbeenexecutedbyanyof thepartiesthereto,withinsixmonthsafterthestamphasbeenspoiled inthecaseofastampedpaperinwhichaninstrumenthasbeenexecutedbyanyof the parties thereto, within six months after the date of the instrument or if it not dated,withinsixmonthsafterexecutionthereofbythepersonbywhomitwasfirst oraloneexecuted. Providedthat (a) when the spoiled instrument has been for sufficient reasons sent out of the State, the application may be made within six months after it has been receivedbackintheState. (b) When, from unavoidable circumstances, any instrument for which another instrumenthasbeensubstituted,cannotbegivenuptobecancelledwithinthe aforesaid period, the application may be made within six months after the dateofexecutionofthesubstitutedinstrument. 49. AllowanceincaseofprintedformnolongerrequiredbyCorporations: TheGovernment orsuchotherauthorityasbespecifiedinthisbehalfbyGovernmentmay,withoutlimitof time, make allowance for stamped papers used for printed forms of instruments by any banker or by any incorporated company or other body corporate, if for any sufficient reason such forms have ceased to be required by the said banker, company or, body corporate: ProvidedthattheGovernmentorsuchauthorityissatisfiedthatthedutyinrespectofsuch stampedpapershasbeendulypaid. 50 Allowanceformisusedstamps: (a) Whenanypersonhasinadvertentlyusedforaninstrumentchargeablewithduty,a stamp of a description other than thatprescribed for such instrument by the rules made under this Act, or stamp of greater value than was necessary or has inadvertently used any stamp for an instrument having been written in contraventionoftheprovisionsofsection13

(2)

(3)

The Collector may, on application made within six months after the date of the instrument, or if it is not dated, within six months after the execution thereof by the person by whom it was first or alone executed, and upon the instrument, if chargeable withduty,beingrestamped withtheproperduty, cancelandallowasspoiledthatstamp somisusedorrendereduseless. 51. Allowance for spoiled or misused stamps how to be made: In any case in which allowanceismadeforspoiledormisusedstamps,theCollectormaygiveinlieuthereof (a) (b) otherstampofthesamedescriptionandvalueor ifrequiredandhethinksfit,stampsofanyotherdescriptiontothesameamountin valueor. atthisdescription,thesamevalueinmoneydeductingsixpaiseforeachrupeesor fractionofarupee.

(c)

52. Allowanceforstampsnotrequiredforuse:Whenanypersonispossessedofastampor stampswhichhavenotbeenspoiledorrenderedunfitoruselessforthepurposeintended, butforwhichhehasnoimmediateuse,theCollectorshallrepaytosuchpersonthevalue of such stamp or stamps in money, deducting six paise for each rupee or portion of a rupee, upon such person delivering up the same to be cancelled, and proving to the Collectorssatisfaction: (a) thatsuchstamporstampswerepurchasedbysuchpersonwithbonafideintention tousethemand thathehaspaidthefullpricethereofand thattheyweresopurchasedwithintheperiodofsixmonthsnextprecedingthedate ofwhichtheyweresodelivered: Providedthat,wherethepersonisalicensedvendorofstamps,theCollectormay,if hethinks fit, maketherepaymentofthesumactuallypaidbythe vendor without anysuchdeductionasaforesaid. 53. Allowances for stamps in denominations of annas: Notwithstanding anything contained in section 52, when any person is possessed of a stamp or stamps in any denominations other that in denominations of annas four or multiples thereof and such stamporstampshasorhavenotbeenspoiled,theCollectorshallrepaytosuchpersonthe valueofsuchstamporstampsinmoney calculatedinaccordancewiththeprovisions of subsection (2) of section 14 of the Indian Coinage Act, 1906 (3 of 1906), upon such persondeliveringup,withinsixmonthsfromthecommencementofthisAct,suchstamp orstampstotheCollector. CHAPTERVI ReferenceandRevision 54. Controlofandstatementofcaseto,theGovernmentorotherauthorityspecifiedby theGovernment:

(b) (c)

(1)

ThepowersexercisablebyaCollectorunderChapterIVandChapterVandunder clause(a)ofthefirstprovisotosection27shallinallcasesbesubjecttothecontrol oftheGovernment orsuchotherauthorityas maybespecifiedbyGovernmentin thisbehalf.

(2)

IfanyCollectoractingundersection31,section39orsection40,feelsdoubtasto the amount of duty with which any instrument is chargeable, he may draw up a statementofthecaseandreferitwithhisownopinionthereon,fordecisionofthe Government or such other authority as may be specified by Government in this behalf.

(3)

The Government or such authority shall consider the case and send a copy of its decisiontotheCollector, whoshallproceed toassessand chargethe duty,ifany, conformitywithsuchdecision.

55. Statement of case by the Government or other authority specified by the GovernmenttoHighCourt (1) The Government or such authority as may be specified by Government in this behalfmaystatecasereferredtoitundersubsection(2)ofsection54orotherwise comingtoitsnotice,andrefersuchcase,withitsownopinionthereon,totheHigh Court. (2) EverysuchcaseshallbedecidedbynotlessthanthreeJudges oftheHighCourt, andincaseofdifference,theopinionofthemajorityshallprevail.

56. Power of High Court to call for further particulars as to case stated: If the High Courtisnotsatisfiedthatthestatementscontainedinthecasearesufficienttoenableitto determinethequestionsraisedthereby,theCourtmayreferthecasebacktotheauthority by whichit was stated, to makesuch additiontheretooralterations thereinas theCourt maydirectinthatbehalf. 57. Procedureindisposingofcasestated: (1) The High Court, upon the hearing of any such case, shall decide the questions raised thereby, and shall deliver its judgment thereon containing the grounds on whichsuchdecisionisfounded. (2) TheCourtshallsendtotheauthoritybywhichthecasewasstated,acopyofsuch judgment under the seal of the Court and the signature of the Registrar and the authority shall, on receiving such copy, dispose of case the conformably to such judgment. 58. StatementofcasebyotherCourttoHighCourt: (1) IfanyCourt,otherthantheHighCourt, feelsdoubtastotheamountofdutytobe paid in respect of any instrument under proviso (a) to section 34, the Judge may drawupastatementofthecaseandreferit,withhisownopinionthereon, forthe decisionoftheHighCourt.

(2)

TheHighCourtshall dealwiththecaseasifithadbeenreferredundersection55 andsendacopyofitsjudgmentunderthesealoftheCourtandthesignatureofthe Registrar to the Government or such other authority specified in this behalf and anotherlikecopytotheJudgemakingthereference,whoshallbeonreceivingsuch copy,disposeofthecaseconformablytosuchjudgment.

(3)

Reference made under subsection (1), when made by a Court subordinate to a District Court, shall be made through the District Court, and when made by any subordinateRevenueCourt,shallbemadethroughtheCourtimmediatelysuperior.

59. RevisionofcertaindecisionsofCourtregardingthesufficiencyofstamps: (1) WhenanyCourtintheexerciseofitsCivilorRevenuejurisdictionoranyCriminal Court in any proceedings under Chapter XII or Chapter XXXVI of the Code of CriminalProcedure,1898,makesanyorderadmittinganyinstrumentinevidenceas duly stamped or as notrequiringastamp, oruponpaymentof duty and apenalty undersection34, theCourtto whichappeals lie from,orreferences are madeby, such first mentioned Court may, of its own motion or on the application of the Collector,takesuchorderintoconsideration. (2) IfsuchCourt,aftersuchconsideration,isofopinionthatsuchinstrumentshouldnot have been admitted in evidence without the payment of duty and penalty under section34,orwithoutthepaymentofahigherdutyandpenaltythatthosepaid,it may record a declaration to that effect, and determine the amount of duty with which such instrument is chargeable, and may require any person in whose possession or power such instrument then is, to produce the same, and may impoundthesamewhenproduced. (3) Whenanydeclarationhasbeenrecordedundersubsection(2),theCourtrecording the same shall send a copy thereof to the Collector and, where the instrument to whichitrelateshasbeenimpoundedorisotherwiseinthepossessionofsuchCourt, shallalsosendhimsuchinstrument. (4) The Collector may thereupon, notwithstanding anything contained in the order admitting such instrument in evidence, or in any certificate granted under section 41, or in section 42, prosecute any person for any offence against the stamplaw whichtheCollectorconsidershimtohavecommittedinrespectofsuchinstrument: Providedthat (a) nosuchprosecutionshallbeinstitutedwheretheamount(includingdutyand penalty)which,accordingtothedeterminationofsuchCourt,waspayablein respectoftheinstrumentundersection34,ispaidtotheCollector,unlesshe thinksthattheoffencewascommittedwithanintentionofavoidingpayment oftheproperduty

(b)

except for the purpose of such prosecution, no declaration made under the section shall affect the validity of any order admitting and instrument in evidence,orofanycertificategrantedundersection 41.

CHAPTERVII CriminalOffencesandProcedure 60. Penaltyforexecuting,etc.,instrumentnotdutystamped: (1) Any person executing or signing otherwise that as a witness any instrument chargeable with duty, without the same being duly stamped shall for every such offencebepunishablewithfinewhichmayextendtofivehundredrupees. Providedthat whenany penalty has beenpaidinrespect on anyinstrumentunder section34,section39orsection59,theamountofsuchpenaltyshallbeallowedin reductionofthefine,ifany,subsequentlyimposedunderthissectioninrespectof thesameinstrumentuponthepersonwhopaidsuchpenalty. (2) If ashare warrantisissued withoutbeing dulystamped,theCompanyissuingthe same,andalsoeverypersonwho,atthetimeitisissued,istheManagingDirector orSecretaryorotherprincipalofficeroftheCompany,shallbepunishablewithfine whichmayextendtofivehundredrupees. 61. Penalties for failuretocanceladhesivestamp:Any personrequiredbysection12to cancelanadhesivestamp,andfailingtocancelsuchstampinmannerprescribedbythat section,shallbepunishablewithfinewhichmayextendtoonehundredrupees. 62. PenaltyforomissiontocomplywithProvisionsofsection28:Anypersonwhointend todefraudtheGovernment. (a) executes any instrument in which all the facts and circumstances required by section28tobesetforthinsuchinstrumentarenotfullyandtrulysetforthor (b) being employed or concerned on or about the preparation of any instrument, neglects or omits fully and truly to set forth therein all such facts and circumstancesor, (c) does any other fact calculated to deprive the Government of any duty or penalty underthisAct, shallbepunishablewithfinewhichextendtofivethousandrupees. 63. Penaltyordevicesindefraudtherevenue:Anypersonwhowithintendtodefraudthe Government of duty, practices or is concerned in any act, contrivance or device not speciallypunishable underthisActoranyotherlawforthetimebeinginforceshallbe punishablewithfinewhichmayextendtoonethousandrupees. 64. Penaltyforbreachofrulerelatingtosaleofstampsandforunauthorizedsale: (a) anypersonappointedwhosellstampswhodisobeysanyrulemadundersection69, and

(b)

any person not so appointed who sells or offers for sale any stamp other than a stampofthevalueof1[twentypaise]ofless,shallbepunishablewithimprisonment foratermwhichmayextendtosixmonths,orwithfinewhichmayextendtofive hundredrupees,orwithboth.

65. Institutionandconductofprosecutions: (1) No prosecution in respect of any offence punishable under this Act or any enactmentherebyrepealed,shallbeinstitutedwithoutthesanctionoftheCollector or such other officer as the Government generally, or the Collector specially authorizedinthatbehalf. (2) The Government, or any officer generally or specially authorized by it in this behalf,maystayanysuchprosecutionorcompoundany suchoffense, (3) Theamount ofanysuch compositionshallberecoverableinthe mannerprovided bysection46. 66. JurisdictionofMagistrate: NoMagistrateotherthanaMagistratewhosepowersarenot lessthanthoseofaMagistrateoftheFirstClass,shalltryanyoffenceunderthisAct. 67. Placeoftrail:Everysuchoffence committedinrespectofanyinstrumentmaybetried in any district in which such instrument is found, as well as in any district in which offencemightbetriedundertheCodeofCriminalProcedure,1898. CHAPTERVIII SupplementalProvisions 68. Books, etc., to be open to inspection: Every public officer having in his custody any registers,books,records,papers,documentsorproceedings,theinspectionwhereofmay tendtosecureanyduty,ortoproveorleadtothediscoveryofanyfraudoromissionin relationtoanyduty,shallatallreasonabletimespermitanypersonauthorizedinwriting bytheCollectortoinspectforsuchpurposetheregisters,books,papers,documentsand proceedings,andtotakesuchnotesandextractsashemaydeemnecessary,withoutfeeor charge. 69. Power to make rules: (1) The Government may, by notification in the Gazette make rulestocarryoutgenerallythepurposesofthisAct. (2) In particulars and without prejudice to the generally of the foregoing power such rulesmaybeforregulating (a) (b) (c) thesupplyandthesaleofstampsandstampedpapers, thepersonsbywhomalonesuchsaleistobeconducted, thedutiesandremunerationofsuchpersons,and

SubstitutedforthewordstwelvePaisebyAct29of1969witheffectfrom21041969

(d)

thefineswhichshallinnocaseexceedfivehundredrupeestobeincurredon breachofanyrule: Provided that such rules shall not restrict the sale of adhesive stamp of the 1 valueof [twentypaise]ofless.

(3)

AllrulesmadeunderthisActshallbelaidassoonasmaybe,aftertheyaremade, beforetheLegislativeAssemblywhileitisinsessionforatotalperiodofnotless than14dayswhichmaybecomprisedinonesessionorintwoormoresessionsand if, before the expiry of the said period the Legislative Assembly makes any modificationsintherulesordirectsthatanyruleshallnothaveeffecttherulesshall thereafterhaveeffectonlyinsuchmodifiedformorbenoeffect,asthecase may be

70. SavingsastoCourtFees: NothingcontainedinthisActshallbe deemedtoaffectthe dutieschargeableunderanyenactmentforthetimebeinginforcerelatingtoCourtfees. 71. Savings as to certain stamps: All stamps in denominations of annas four or multiple thereofshallbedeemedtobestampsofthevalueoftwentyfivepaise,orasthecasemay be,multiplesthereofandshall,accordingly,bevalidforallthepurposeofthisAct. 72. ApplicationoftheIndianStampAct1899:TheIndianStampAct1899,(CentralAct2 of 1899) as in force in the Malabar District referred to in section 5(2) of the State Re organisation Act, 1956 (Central Act 37 of 1956) in so far as it relates to the matter specified in Entry 44 of List III of Seventh Schedule to the Constitution in respect of documents specified in Entry 91 of List I of the said Schedule shall notwithstanding anythingcontainedinanylaw,extendtothewholeoftheStateKerala. 73. Repeal and Savings: The Indian Stamp Act, 1899 (Central Act 2 of 1899) in its applicationtotheMalabarDistrictreferredtoinsection5(2)oftheStateReorganisation Act, 1956(CentralAct37of1956)insofarasit relatestothematterspecifiedinEntry 44 of List III of Seventh Schedule to the Constitution in respect of documents falling under Entry 63 of List II in the said Schedule and the TravancoreCochin Stamp Act, 1125(Act1of1125)areherebyrepealed. Providedthatsuchrepealshallnotaffect: (a) the previous operation of the said enactments or anything duly done or suffered thereunder. (b) anyright,privilege, obligationorliabilityacquired,accrued,orincurredunderthe saidenactment (c) anypenalty,forfeitureorpunishmentincurredinrespectofanyoffencecommitted againstthesaidenactmentor (d) anyinvestigation,legalproceedingorremedyinrespectofanysuchright,privilege, obligation, liability, forfeiture or punishment as aforesaid and any such
1

SubstitutedforthewordstwelvePaisebyAct29of1969witheffectfrom21041969

investigation,legalproceedingorremedymaybeinstituted,continuedorenforced, andanysuchpenalty, forfeiture orpunishment maybeimposedas ifthis Acthad notbeenpassed.

1

[THESCHEDULE]

SCHEDULETOKERALASTAMPACT,1959(ACT17OF1959) AsamendedbyActs19of1963,17of1967,29of1969,6of1972,7of1973, FinanceActs19of1983,FinanceAct1985,StampAmendmentAct14of1988.Finance OrdinanceNo9of1991&StampAmendmentAct16of1991. SLNo. (1) 1. Descriptionofinstrument (2) Acknowledgment of a debt exceeding twenty rupees in amount or value written or signed by, or onbehalf of, a debtor in order to supply evidence of such debt in any book (other than a bankers pass book) or on a separate piece of paper when such book or paper is left in the creditors possession: provided that such a acknowledgementdoesnotcontainanypromisetopaythe debt or any stipulation to pay interest or to deliver any goodsorother property. Wheretheamountor value exceeds Rs.20but does Not Twentypaise exceedRs.100. WhereitexceedsRs.100butdoesnotexceedRs.500 WhereitexceedsRs.500butdoesnotexceedRs.1000 Fortypaise Sixtypaise ProperStampDuty (3)

WhereitexceedsRs.1000 2.

Onerupee

Administration Bond, including a bond given Under Two rupees fifty paise for section 291 or section 375 of the Indian Succession Act, every Rs. 100 or part there 1925 (Central Act 39 of 1925) section 6 of the of the amount or value or GovernmentSavingsBanks1873(CentralAct5of1873): secured

3.

AdoptionDeed.Thatistosay,anyinstrument(otherthan Fiftyrupees will)recordingasadoptionorconferringofpurportingto conferanauthoritytoadopt.

4.

Affidavit, including an affirmation of declaration In the Tenrupees

TheSchedulewassubstitutedbySection6ofAct29of1969withreferencefrom2041969.

case of persons by law allowed to affirm or declare insteadofswearing. Exemptions Affidavitordeclarationinwritingwhenmade: (a) AsaconditiononenrolmentundertheAirAct,1950 (Central Act 45 of 1950) or the Army Act, 1950 (Central Act 46 of 1950)or the Navy Act, 1957 (CentralAct62of1957)or (b) Fortheimmediatepurpose ofbeing filed or usedin anyCourtorbeforetheofficerofanyCourtor (c) For the sole purpose of enabling any person to receiveanypensionorcharitableallowance. 5. Agreementormemorandumofanagreement (a) Ifrelatingto thesaleofaBillofExchange: Onerupees

(b) IfrelatingtothesaleofGovernmentsecurityorshare One rupee for every Rs. inanincorporatedcompanyorotherbodycorporate: 10,000/ or part thereof of the value of the security or share. (c) Ifnototherwiseprovidedfor: Fifteenrupees 6. Agreement relating to deposit of title deeds, pawn or Pledge, that is to say, any instrument evidencing any Agreementrelatingto (1)thedepositoftitledeedsorinstrumentsconstitutingof being evidence ofthe title to any property whatever (otherthanmarketablesecurity),or (2) the pawn or pledge or movable property where such deposit, pawn or pledge has been made by way of security forthe repayment of money advanced orto beadvancedby way ofloan oran existing or future debt: (a) If such loan of debt is repayable on demand or more than there three months from the date of the instrument evidencingtheagreement. Rs.Ps. (i) IftheamountsecureddoesnotexceedRs. 500: 5.00 Ifdrawn singly *ifdrawnin setof2,for eachpartof theset Rs.Ps. 2.50 *ifdrawnin setof3,for eachpartof theset Rs.Ps. 1.25

(ii)

If it exceed Rs. 500 but not exceed Rs. 1000:

15.00

7.50

3.25

(iii)

IfitexceedsRs.1,000foreveryRs.1,000 orpartthereof

15.00

7.50

3.25

(b)

Ifsuchloanordebtisrepayablenotmorethan3months fromthedateofsuchinstrument

Halfthedutypayableunder clause (a) (i) or clause (a) (ii)or clause(a)(iii) forthe amountsecured.

7.

Appointmentinexecutionofapower Whetheroftrusteesorofpropertymovableorimmovable wheremadebyanywritingnobeingaWill

Seventyfiverupees

8.

Appraisementorvaluationmadeotherwisethanunder anorderaCourtinthecourseofasuit (a) wheretheamountdoesnotexceedRs.1,000: (b) inanyothercase:

The same duty as a BottomryBond(No.14)for suchamounts Thirtyrupees

9.

ApprenticeshipDeed,includingeverywritingrelatingto the service or tuition of any apprentice, clerk or servant Tenrupees placed with any master to learn any profession, trade or employment,notbeingArticlesofClerkship(no.11)

10. 11.

ArticlesofAssociationofaCompany

Onethousandrupees

Articles of Clerkship or contract whereby any person firstbecomesboundtoserveas any clerkin ordertohis *[Fivehundredrupees] admissionasanattorneyintheHighCourt: Note:ThreehundredandSeventyfiverupeesrevisedto fivehundredrupeeswitheffectfrom2421988byAct14 of1988.

12.

Award, that is to say, any decision in writing by as Arbitrator or umpire, not being an award directing a partition onareference made otherwisethatbythe order oftheCourtinthecourseofasuit (a) Wheretheamountorvalueofthepropertytowhich The same duty as a theawardrelatesassetforthinsuchawarddoesnot Bottomrybond(No.14)for exceedRs.1,000: suchamount

(b) WhereitexceedsRs.1,000,butdoesnotexceedRs. Thirtyrupees 5,000: andforeveryadditionalRs.1,000orpartthereofin excessofRs.5,000: Onerupeeandfiftypaise

excessofRs.5,000: 12. Bond as defined by section 2(a), not being a debenture Two rupees fifty paise for andnotbeingotherwiseprovidedforbythisActorbythe every Rs. 100 or part Kerala Court Fees and Suits Valuation Act, 1959 (10 of thereoftheamountorvalue 1960)orotherenactmentforthetimebeinginforce: secured. Exemptions: (a) Bail bonds and recognizance executed in criminal cases. (b) Bond,whenexecutedbyanypersonforthepurpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospitaloranyotherobjectofpublicutilityshallnot belessthanaspecifiedsumpermensem. 14. Bottomry Bond, that is to say, any instrument whereby Two rupees fifty paise for the master of a seagoing ship borrows money on the every Rs. 100 or part security oftheshipto enable himtopreservetheshipor thereoftheamountorvalue prosecutehervoyage: 15. secured.

CancellationInstrumentof(includinganyinstrumentby *[Onehundredrupees] whichanyinstrumentpreviouslyexecutediscancelled),if attestedandnototherwiseprovidedfor: Note: Thirtyrupees substitutedby One hundred rupeesby Act14 of1988 from 2421988

16.

Certificateofsale(inrespectofeachpropertyputupasa The same duty as on a separate lot and sold) granted to the purchaser of any conveyance (No. 21 or 22 property sold by public auction by a Civil or Revenue as the case may be) for a Court or bythe Government, Collector or otherRevenue consideration equal to the Officer. amount of the purchase moneyonly.* Notes: Art. 16 Certificate of sale does not require surcharge duty vide G.O. (MS) th w95/62/DD.Dated1261961&G.O.(MS)552/63/DDdated15 June1963

17.

Certificate or other document evidencing the right or Fiftypaise titleoftheholderthereoforanyotherpersoneithertoany share,scriptorstockinorofanyincorporatedcompanyor otherbody corporate ortobebecomeproprietorofshare scriptorstockinoranysuchcompanyorbody.

18.

Charter Party that is to say, any instrument (except an Five rupees agreementforthehireofatugsteamer)wherebyavessel or some specified principal part thereof is let for the

specified purpose of the chartered whether it includes a penaltyclauseornot. 19. Chitty or Kuri Variola where the total amount *[Fifteen rupees] every Rs. subscribedexceedsRs.100: 1,000/ or part thereof the totalamountsubscribed.* Notes:FiverupeeswassubstitutedtoFifteenrupeesfrom2421988byAct14of 1988. The Variola of Registered Cooperative Societies are exempted from Stamp duty vide G.O. (MS) 795/60/Agri. Dated 8101960. See instructions in Review of inspectionnotes1960,Pages40&41. 20. CompositionDeed,thatistosay,anyinstrumentexecuted *[Onehundredrupees] byadebtorwherebyheconveys hispropertyforthedebtor whereby he conveys his property for the benefit of his Creditorsorwherebypaymentofacompositionordividend, ontheirdebtissecuredtothecreditorsorwherebyprovision is made for the continuance of the debtors business under the supervision of inspectors or under letters of license for thebenefitofhiscreditors. Notes:ThirtyfiverupeesOnehundredrupeesfrom2421988byAct14of1988 21. Conveyance (as defined by section 2(d), other than a *[Six rupees] for every conveyancespecifiedinNo.22,notbeingatransfercharged Rs.100orpartthereofof orexemptedunderNo.55). the amount or value of theconsiderationforsuch conveyance. Notes:1.Conveyanceincludesaconveyanceonsaleandeveryinstrumentbywhich property, whether movable, or immovable transferred inter vivos are sale (conveyances). In addition to the conveyance rate 6% for every Rs. 100 or part thereof,conveyanceofimmovablepropertiesattractssurchargedutyattherateof4% forthevalueofconsideration.Surchargedutyhastobeleviedinmultiplesoftenpaise atallstages.ThetotalstampdutytobeleviedforsaleinPanchayathareasatpresentis 10%ofthevalueorconsideration(i.e.6%+4%) 2. ThisarticlewasamendedfirstbyOrdinanceNo.2of1988whichwasreplaced byAct14of1988andmodifiedbyordinanceNo.1of1991readwithAct16of1991
th andenforcedfrom11 dayofJanuary1991.

3.

The rate revised from 5 rupees to 6 rupees with effect from 181991 as per

FinanceAct1991. 22. Conveyance(asdefinedbysection2(d),notbeingatransfer *[Eightrupeesfiftypaise] charged or exempted under situated within the Municipal for every Rs.100 or part CorporationorMunicipalities. thereof of the amount or valueoftheconsideration

forsuchconveyance Notes:1.Conveyanceincludesaconveyanceonsaleandeveryinstrumentbywhich property, whether movable, or immovable is transferred inter vivor are sales (Conveyances)andinadditiontothe existingrate of 8.5% for everyRs.100orpart thereof Surcharge duty at the rate of 4% in Municipal areas and 5% incorporation areas has also to be levied for instruments of transfer (sale or conveyance) of immovablepropertiesundertheMunicipal&CorporationActs.Surchargedutyhasto beleviedinmultiplesoftenpaiseatallstages.InMunicipalareathestampdutywill be12.5%(8.5+4)andinCorporationareas13.5%(8.5+5)forsaledeeds&transfersof immovableproperties. 2. Conveyanceofmovableattractsdutyasspecifiedinarticle21irrespectiveofthe area,andattractsnosurchargeduty. 3. ThisarticlewasamendedfirstbyordinanceNo.1of1991readwithAct16of 1991. Therevisedrate 7.5% enforced from 1111990 making a uniform rate in all Municipal and corporation areas, though rate of stamp duty under this article is common. 4. Theraterevisedfrom7.50rupeesto8.50rupees.Therateofstampdutyunder thisarticleiscommonwitheffectfrom181991asperFinanceAct1991. 5. Saleisthetransferofownershipinexchangeforapricepaidorpromisedtobe paidandpartpromisedand conveyance as definedbysection2(d) ofKeralaStamp Actincludesallinstrumentsoftransferofproperty,whethermovableorimmovableor saleorotherwisenotspeciallyprovidedforinthescheduletotheAct. 23. Copyofextract,certifiedtobeatruecopyorextractbyor byorderofanypublicofficerandnotchargeableunderthe lawforthetimebeinginforcerelatingtoCourtFees (i) iftheoriginalwasnotchargeablewithdutyortheduty with which it was chargeable does not exceed on Fiverupees rupee: (ii) Inanyothercase Exemption Copy of any paper which a public officer is expressly requiredbylawtomakeorfurnishforrecordinanypublic officeorforanypublicpurpose. 24. Counterpart or duplicate ofany instrument chargeable withdutyandinrespectofwhichtheproperdutyhasbeen paid The same duty as is (i) if the duty with which the original instrument was payableontheoriginal. chargeabledoesnotexceed*[Rs.15] Tenrupee

(ii) inanyothercase:

*[Fifteenrupees]

Note:Fiverupees wasrevisedtofifteenrupees witheffectfrom2421988videAct 14of1988. 25. CustomBondorCentralExciseBond (a) WheretheamountdesnotexceedRs.1,000: *[Rs. Five] for every Rs. 100orpartthereof ofthe amount Note:*ThesamedutyasBottomryBond(No.14)forsuchamountrevisedasRs. FiveforeveryRs.100orpartthereofoftheamountand**Thirtyrupeesrevised asFiftyrupeeswitheffectfrom2421988asperAct14of1988. 26. Delivery Order in respect of goods, that is to say, any instrumententitlinganypersonthereinnamedorhisassigns or the holder thereof to the delivery of any goods lying in any dock or port or in any warehouse in which goods are storedordepositedonrentorhireoruponanywharf,such instrument being signed by or on behalf of the owner of suchgoodsuponthesaleortransferofthepropertytherein whereuponthesaleortransferofthepropertythereinwhere suchgoodsexceedin,valuetwentyrupees: 27. Divorce instrument of, that is to say, any instrument by Tenrupees whichanypersoneffectsthedissolutionofhismarriage: Certificateofenrolmentintherollofadvocatesprepared Two hundred and fifty andmaintainedbytheStateBarCouncilundertheAdvocate rupees Act,1961(CentralAct25of1961): 29. Exchangeofpropertyinstrumentof: The same duty as a conveyance (No. 21 or 22, as the case may be) for a consideration equal to the value of the property of the greater value as set forth in such instrument.* Notes:Art29:Inadditiontothe rateabovesurcharged duty@4% inMunicipaland Panchayat areas and 5% in Corporation areas has also to be levied for the consideration or greater value. *ThisarticlewasfirstamendedbyAct14of1988andsubsequentlyamendedbyAct 16of1991andcameintoforcefrom1111991. Thesurchargedutyhastobeleviedinmultipleof10paiseinallstages. 30. Further charges instrument of, that is to say any The same duty as a

28.

instrument imposing a further charge on mortgaged conveyance (No. 21 or property 22, as the case may be) for a consideration equal

(a) When the original mortgage is one of the description to the amount of the referredtoinclause(a)ofarticle 37(i.e.withpossession): further chargesecuredby (b) Whensuchmortgageisoneofthedescriptionreferred suchinstrument. toinclause(b)ofarticle37(i.e.,withoutpossession) (i) ifatthetimeofexecutionoftheinstrumentof further The same duty as a charge,possessionofpropertyisgivenoragreedtobegiven conveyance(No.21or22 undersuchinstrument. as the case maybe) fora considerationequaltothe amount of the charge (including the original mortgage and any further chargealreadymade)less the duty already paid
1 [xxx] on such original mortgage and further

charge* (ii) ifpossessionisnotsogiven: The same duty as as Botomry Bond (No. 14) or the amount of the further chargesecuredby suchinstrument. Notes:Art30Furtherchargesfmortgagewithpossessionrequiressurchargedutyat the rate of 4% on Panchayath & Municipal areas and 5% in Corporation for the considerationorvalue.SurchargetobeleviedinmultipleofTenPaiseonallstages. 31. GiftInstrumentof,notbeingsettlementorwillortransfer The same duty as a conveyance (No. 21 and 22asthecasemaybe)* Notes:Art31:ThisarticlewassubstitutedbyAct14of1988witheffectfrom1211 1990 enforced by G.O. (P) 154/90/TD. Dated 6111990. This article also attract surchargeduty@4%inPanchayatandMunicipalareasand5%inCorporationareas. Surchargetobeleviedinmultiplesoftenpaiseatallstages. 32. IndemnityBond: The same duty as a Security Bond (No. 50) fortheamount.
1

InsertedbyAct6of1972.otherthanadditionaldutypaidinpursuanceofsubsection(2)ofsection 3A.Witheffectfrom16121971.ThiswassubsequentlyomittedbyAct7of1973witheffectfrom14 1973

33.

Lease: including an underlease or sublease and any agreementtoletorsublet: (a) Wherebysuchleasetherentisfixedandnopremium ispaidordelivered. (i) Wheretheleasepurportstobe foraterm oflessthan oneyear. The same time at a Bottomry Bond (No. 14) for the whole amount payable or deliverable undersuchlease. The same duty as a (ii) Wheretheleasepurportstobeforatermofnotlesson Bottomty Bond (No. 14) yearbutnotmorethan5years: fortheamountorvalueof the average annual rent reserved. (iii) Wheretheleasepurportstobeforaterm exceeding5 The same duty as a conveyance (No. 21 or yearsbutnotexceeding10years: 22, as the case may be) for a consideration equal totheamountorvalueof the average annual rent reserved. The same duty as a (iv) where the lease purports to be for term exceeding 10 conveyance (No. 21 or yearsbutnotexceeding20years: 22, as the case may be) for a consideration equal to twice the amount or value of the average annualrentreserved. The same duty as a conveyance (No. Or , as the case may be) for a

(v) Wheretheleasepurportstobeforatermexceeding20 consideration equal to yearsbutnotexceeding30years: threetimestheamountor value of the average annualrentreserved. The same duty as a conveyance (No. 21 or 22, as the case may be) (vi) Wheretheleasepurportstobeforatermexceeding30 for a consideration equal yearsbutnotexceeding100years: four times the amount or

value of the average annualrentreserved. The same duty as a conveyance (No. 21 or 22, as the case may be) (vii) Where the lease purports to be for a term exceeding 100yearsorinperpetuity: for a consideration on equal to onesixth of the whole amount or rents which would be paid or deliveredinrespectofthe first fifty years of the lease. The same duty as a conveyance (No. 21 or 22, as the case may be) for a consideration equal (viii) Wheretheleasedoesnotpurporttobeforanydefinite tothreetimes theamount term: or value equal of the average annual rent which could be paid or delivered for the first ten years if he lease continuedsolong. The same duty as a conveyance (No. 21 or 22, as the case may be) for a consideration equal totheamountorvalueof such fine or premium or (b) Wheretheleaseisgrantedforafineorpremiumorfor advanceassetforthinthe moneyadvancedandwherenorentisreserved: lease. The same duty as a conveyance (No. 21 or 22, as the case may be) for a consideration equal (c) Wheretheleaseisgrantedforafineorpremiumoffor totheamountorvalueof moneyadvancedinadditiontorentreserved: such fine or premium or advanceassetforthinthe lease in addition to the duty which would have been payable on such

lease if no fine or problem or advance had beenpaidordelivered: Provided that in any case where an agreement to lease is stamped with ad valorem stamp required for a lease and a lease in pursuance agreement of such is

subsequently executed, the duty on such lease shall not exceed one rupeeninetyfivepaise.

Explanation:Whenalesseeundertakestopayanyrecurring charge, such as Government revenues, the landlords share of cases or the owners share of Municipal rates or taxes whichisbylawrecoverablefromthelessor,theamountso agreedtobepaidbythelesseeshallbedeemedtobepartof therent. Notes:Art33.:LeaseinPerpetuityandtransferofleasein perpetuity attracts surcharge duty @4% in Panchayath and Municipalareasand5%inCorporationareasbesidesstamp duty.Surchargehastobeleviedinmultiplesoftenpaiseat allstages.ThedefinitionofLeaseinStampActsection2(1) is not self sufficient. It says that lease is a lease of immovable property and includes something else. A document has to be stamped as a lease if it falls in the definitionofaleaseascontainedintheTransferofproperty Act.Adocument,whichdoesnotfallswithinthedefinition of lease as contained in the T.p. Act, but falls within the definitionofleaseascontainedintheKeralaStampAct,has tobestampedasalease.Thetermimmovablepropertyhas been defined by General Clauses Act as Immovable propertyshallincludeland,benefitstoariseoutofland,and

things attached to earth, or permanently fastened to any thing attached to earth Section 3 of Transfer or Property Acthasalsodefinedimmovableproperty. Stampdutyandregistrationfeeshouldbeleviedseparatelyforthefine/premium andadvanceamountsincaseswheretheyareshownaspaidinleasedeeds.Fineisa sum of money paid by a tenant at his entrance into the land or for the renewal of a lease,whereaspremiumasordinarilyunderstoodisalumpsumepaymentmadebythe lesseetothelessoraspriceforlease. Government in Letter No. 14586/E3/82/TD. Dated 2421983 of Taxes (E) Department has ordered as follows: In supersession of the instruction issued in Government Letter No. 18769/E2/75/TD. Dated 15121975 and in accordance with decisionoftheDelhiHighCourtintheAIR1980,Delhi249,thefollowingprinciples maybeobservedwhileclassifyingtheleasedeeds. 1. Duty is not chargeable under Art 35(c) of schedule 1A of the IndianStamp Act, 1899 on the amounts of security deposit/advance, which is refundable on determinationofthelease,inadditiontothedutyonrentreservedunderArticle 35(a)Schedule 2. Itwillnotmakeanydifferencethechargeabilityorduty,ifsuchdeposit/advance isadjustableinrent/othercharges/duespayableunderthelease. 3. Theamount ofsecurity depositpaid forthe dueperformance ofthe contract of leaseischargeableunderArt57**ofthe schedulereadwithsection5oftheAct (InthiscaseStampdutyistobeleviedforleaseaswellastotheSecurityBond) Note:**Art.57ofIndianStampActcorrespondingtoArt.50ofscheduletoKerala StampAct,1959. Lease deed has to be classified in accordance with the principles mentioned above videtheaboveGovernmentdirection. LEASEAND LICENSE: License according to Indian Easement Act, 1882 is Whereonepersongrantstoanotherortoadefinitenumberofotherpersons,aright todo,orcontinuetodo,inorupontheimmovablepropertyofthegranter,something whichwouldintheabsenceofright,beunlawful,andsuchrightdoes notamountto aneasement,oraninterestintheproperty,therightiscalledalicense. There is marked distinction between a license and a lease. If a document gives onlyrighttousethepropertyinaparticularwayorunderthereof,itwillbealicense. Thelegalpossessiontherefore,continuestobewiththeownerofthepropertybutthe licensesispermittedtomakeuseofthepremisesforaparticularpurposebutforthe permission,hisoccupationwillbeunlawful.Itdoesnotcreateinhisfavouranyestate orinterestintheProperty. WhereunderaLeaseDeedexecutedinconsiderationoftheadvancemadebythe

lessee to discharge subsisting encumbrances, the lessee was empowered to withhold fromthestipulatedrentasumofmoneyandappropriatethesameinliquidationofthe sumadvancedby him,thedocumentbecomes chargeablewithstampdutyunderArt 33(c). Article33(b)providesdutyonaleasegrantedforafineorpremiumorformoney advanced only and where norentis payable. Article 33(c)provides duty on alease wherebothfineorpremiumoradvancepaidinadditiontorentreservedandbothhas tobeclassifiedasperdirectionscontainedfinGovt:latterNo.14586/E3/82/TD.Dated 2421983. 34. Letterofallotmentofsharesinanycompanyorproposed *[One rupee] company or in respect or any loan to be raised by any companyorproposedcompany: *Theraterevisedfromfortypaisetoonerupeewitheffectfrom2421988byAct14 of1988 35. Letter license, that is to say, any agreement between a debtorandhis creditors thattheletters shall foraspecified termsuspendtheir claims and allowthe debtorto carry on businessathisowndiscretion: *Theraterevisedfromfortypaisetoonerupeewitheffectfrom2421988byAct14 of1988 36. Memorandumofassociationofacompany: (a) if accompanied by articles of association under the Fivehundredrupees. CompaniesAct,1956(CentralAct1of1956): (b) ifnotsoaccompanied: 37. Mortgagedeed,notbeinganagreementrelatingtodeposit oftitledeeds,pawnorpledge(No.6),BottomryBond(No. 14), Mortgage of a crop (No. 38) Respondentia Bond (No. 49)orSecurityBond(No.50) (a) When possession of the property or any part of the The same duty s a propertycomprisedinsuchdeedisgivenbythemortgagor conveyance(No.21or22 as the case maybe) fora oragreedtobegiven: considerationequaltothe amount secured by such deed.* (b) whenpossessionis notgiven or agreedtobe givenas The same duty as a aforesaid: Bottomry Bond (No. 14) fortheamountsecuredby suchdeed. Onethousandrupees

Explanation: A mortgagor who gives or has given to the mortgagee a power of attorney to collect rents or gives or has given to the mortgagee a lease of the property mortgaged or part thereof, is deemed to give possession thereofwithinthemeaningofhisarticle. Notes: Article 37(a) Mortgage with possession attracts surcharge duty @ 4% in Panchayath and Municipal areas and 5% in Corporation areas for the amount secured. Surcharge has to be levied in multiples of ten paise in all stages. (c) When a collateral or auxiliary or additional or Fiverupees substitutedsecurity, orbywayoffurtherassurancefor the above mentioned purpose where the principal or primarysecurityisdutystamped,forverysumsecured notexceedingRs.1,000: Exemption Instruments executed by persons taking advances from Governmenttosecuretherepaymentofsuchadvances. 38. Mortgageofacrop,includinganyinstruments evidencing anagreementtosecuretherepaymentofaloanmadeupon any mortgage of a crop whether any crop is or is not in existenceatthetimeofthemortgage. (a) When the loan is repayable not more than 3 months fromthedateoftheinstrument foreverysumsecurednotexceedingRs.200 Fiftypaise

for every Rs.200 or part thereof secured in excess of Fiftypaise Rs.200. (b) whentheloanisrepayablemorethan3monthsbutnot morethan18monthsfromthedateoftheinstrument: foreverysumsecurednotexceedingRs.100: Seventyfivepaise for every Rs.100or part there of secured in excess or Seventyfivepaise Rs.100/: 39. Notarial Act, that is to say, any instrument, endorsement, note,attestationcertificate,orentrynotbeingaProtest(No.
1

[Fifteenrupees]

SubstitutedforwordsFiverupeesbyAct14of1988w.e.f.2421988. Note:Partitionbetweenbrothers&sisterswouldcomewithinthepurviewofart42(1)leviablewith stampdutyof2.5%rate.(Govt.LetterNo.54170/E2/91/TD.Dated251992)

45) made or signed by a notary public in the execution of the duties of hisofficebyany otherpersonlawfully acting asanotarypublic: 40. Note or Memorandum, sent by a broker or agent to his principalintimatingthepurchaseorsaleonaccountofsuch principal Seventyfivepaise (a) ofanygoodsexceedinginvaluetwentyrupees: (b) ofanystockormarketablesecurityexceedinginvalue Rs.20: Subjectto a maximum of fifty Rs. 10,000 or part thereofofthevalueofthe stockorsecurity.

41. 42.

NoteofprotestbytheMasterofaship: PartitionInstrumentof[asdefinedbysection2(k)]: (i) Wherethepartitionisamongallorsomeofthefamily:

Fiverupees

The same duty as a Bottomry Bond (No. 14) for the amount of the value of the separated share or shares of the property. Five rupees for every Rs.100orpartthereofthe amount of the value of the separated share or sharesoftheproperty.*

(ii) inanyothercase

Explanation:Familymeanshusband,wife,childrenandthelegalheirsofthedeceased childrenifany,asthecasemaybe. N.B. The largest share remaining after the propertyispartitioned(or if there are two or more shares of equalvalue and not smaller than any of theothersharesthenone of such equal shares) shallbedeemedtobethat from which the other sharesare separated:

Providedalwaysthat: (a) When an instrument of partition containing as agreement to divide property in severality is executed and partition is effected in pursuance of such agreement, the dutychargeableupontheinstrumenteffectingsuchpartitionshallbereducedbythe amountofdutypaidinrespectofthefirstinstrument,butshallnotbelessthantwo rupeesthirtypaise (b) WherelandisheldorRevenueSettlementforaperiodnotexceedingthirtyyearsand paying the full assessment, the value for the purpose of duty shall be calculated at twentyfivetimestheannualrevenue (c) WhereafinalorderforeffectingapartitionpassedbyanyRevenueAuthorityorany Civil Court or an award by an Arbitrator directing a partition is tamped with the stamp required for an instrument of partition and an instrument of partition in pursuance of such order or award is subsequently executed, the duty on such instrumentshallnotexceedtworupeesthirtypaise. Notes:Art42.ThisarticlewassubstitutedbyAct14of1988butwasnotenforcedtill10 11991 and the same was again amended by Ordinance No. 5 of 1990 which was repealedbyOrdinanceNo.1of1991replacedbyAct16of1991whichcameinto th forcefrom11 April1991. 43. Partnership A. instrumentof (a) wherethecapitalofthepartnershipdoesnotexceedRs. Onehundredrupees. 1,000: (b) inanyothercase: B. Dissolutionof 44. Power ofattorney(as definedbysection2(p),notbeinga proxy)] (a) when executed for the sole purpose of procuring the Fiverupees registration of one or more documentsinrelationto a singletransaction or foradmitting execution of one or moresuchdocuments: (b) whenauthorizingonepersonormoretoactinasingle Tenrupees transactionotherthanthecasementionedinclause(a): (c) whenauthorizingnotmorethan5personstoactjointly andseverallyinmorethanonetransactionorgenerally: (d) when authorizing more than 5 but not more than 10 persons to act jointly and severally more than one
1

[Onethousandrupees]

Onehundredrupees

Thirtyrupees

SubstitueteforwordsTwohundredrupeesbyKeralaFinanceAct23of1991.w.e.f.141991.

persons to act jointly and severally more than one transactionorgenerally: Onehundredrupees (e) when gives for consideration and authorizing the attorneytosellanyimmovableproperty: The same duty as a conveyance (No. 21 or (f) inanyothercase: 22, as the case may be) for the amount of the consideration. Thirty rupees for each personauthorized. Explanation:Forthepurposeofthisarticle,morepersonsthanonewhenbelongingto thesamefirmshallbedeemedtobeoneperson. Notes: Art.44(a)&(b)Specialpowerofattorneygrantedforprocuringtheregistration of a document and authorizing to execute application for Transfer of Revenue registry(Pokkuvaravufrom)shallbeleviedwithanaggregateamountofstampduty of(Rs.5+Rs.10)i.e.Rs.15underarticle44(a)&(b)KeralaStampAct,1959. 45. Protect of bill or note, that is to say, any declaration in Fiverupees writing made by a notary public or other person lawfully actingassuch,attestingthedishonorofabillofexchangeor promissorynote: 46. Protest by the Master of ship, that is to say, any Fiverupees declaration of particulars of her voyage drawn up by him withaviewtotheadjustmentoflossesorthecalculationof averages and every declaration in writing made by him against the charters or the consignees for not loading or unloading the ship, when such declaration is attested or certifiedbyanotarypublicorotherpersonlawfulactingas such: 47. Reconveyanceofmortgagedproperty (a) if the consideration for which the property was The same duty as a mortgageddoesnotexceedRs.1,000. conveyance (No. 21 or 22, as the case may be) for the amount of such consideration as set forth inthereconveyance. One hundred and fifty (b) inanyothercase: rupees in the case of immovable properties

situated in the areas referred to in article 22 and one hundred rupees in the case of immovable properties situated in otherareas. Notes: Art.47 Re anouncement of mortgage rights over mortgaged properties are reconveyance. C.M.P.No. 23/83 Dated 1721986 of Kerala High Court and Boards Proceedings Nos. D. Dis 5209/85/LRA(3) Dated 7111986. D. Dis. 44948/88/LRA(3) Dated 14121988 & D. Dis. 44018/88/LRA(3) Dated 441989 and other similar decisions. 48. Release, that is to say, any instrument (not being such a releaseasisprovidedforbysection24),wherebyaperson renounces a claim upon another person or against any specifiedproperty (a) when such release operates in favour of his or her The same duty as a Bottomry Bond (No. 14) spouseorchildren. for such amount or value assetforthintherelease. The same duty as a conveyance (No. 21 or 22, as the case may be) for such amount or value assetforthintherelease. 1.Notes:RateofStampDutyforArticle48ReleaseFrom191960to961983 49. Release, that is to say, any instrument (not being such a releaseasisprovidedforbysection24),wherebyaperson renounces a claim upon another person or against any specifiedproperty (a) if the amount or value of the claim does not exceed The same duty as Bottomry Bond (No. 14) Rs.1,000/ for such amount or value assetforthintherelease) Thirtyrupees (b) inanyothercase: 2. with effect from 1061983 to 11111990 (Vide Finance ordinance No. 20 of 1983 PublishedinKeralaGazettedated1361983) Release***** (a) When such release operates in favour of his or her spouseorchildren

(b) inanyothercase:

spouseorchildren (i) if the amount or value of the claim does not exceeds The same duty as a Rs.1,000/ Bottomry Bond (No. 14) for such amount or value assetforthintherelease. (ii) iftheamountorvalueoftheclaimexceedsRs.1,000/ (b) inanyothercase Thirtyrupees The same duty as a conveyance (No. 21 or 22, as the case may be) for such amount or value assetforthintherelease. 2. with effect from 12111990 to 1011991 (Vide ordinance No. 5 of 1990 read with G.O.(P)157/90/TDDated6111990. Release***** (a) when such release operates in favour of his or her The same duty as spouseorchildren: Bottomry Bond (No. 14) for such amount or value assetforthintherelease. The same duty as a (b) inanyothercase conveyance (No. 21 or 22, as the case may be) for such amount or value assetforthintherelease. 4.Witheffectfrom1111991onwardsvideKeralaStamp(Amendment)ordinanceNo.1 of1991replacedbyAct,16of1991KeralaStamp(AmendmentAct)1991. Release***** (a) when such release operates in favour of his or her The same duty as spouseorchildren: Bottomry Bond (No. 14) for such amount or value assetforthintherelease. (b) inanyothercase The same duty as a conveyance (No. 21 or 22, as the case may be) for such amount or value assetforthintherelease. Special note: Surcharge duty is not assessable to release coming under Art 48(a). Surcharge is levied on instruments coming with in the scope of Art 48 (b) from 1111 1988attherateof4% PanchayathandMunicipalareas 5% inCorporation areas forthe consideration.Surchargedutytobelevied inmultipleoftenpaiseinastage.

49.

RespondentiaBond,thatistosay,anyinstrumentsecuring 1 [Five rupees for every aloanonthecargoladenortobeladenonboardashipand Rs.100/orpartthereofof makingrepayment contingent onthearrivalofthe cargoat the amount of the loan theportofdestination: secured.] Security Bond or mortgage deed, executed by way of securityforthedueexecutionofanofficeortoaccountfor money or other property received by virtue thereof or executed by a surety to secure the due performance of a contract (a) whentheamountsecureddoesnotexceedRs.1,000/
2

50.

[ Five rupees for every

Rs.100/orpartthereofof theamountofsecured.] (b) inanyothercase Exemptions Bondortheirinstruments,whenexecuted (a) by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital, or any other object of publicutility,shallnotbelessthanaspecifiedsumpermensem (b) executedbypersons takingadvances fromGovernment foragriculturalpurposes or bytheirsuretiesassecurityfortherepaymentofsuchadvances (c) executedby officers of Government ortheirsureties tosecurethe due executionof an office or the due accounting for money or other property received by virtue thereof. [51.Settlement] A Instrumentof(includingadeedofdower): The same duty as Bottomry Bond (No 14) for a sum equal to the amount or value of the property settled as set forthintheinstrument. Exemption Provided that where as agreement ot settle is Deedofdowerexecutedontheoccasionofamarriage stamped with the stamp betweenMohammadans requiresforaninstrument of settlement and an instrument of settlement in pursuance of such agreement subsequently
1 2

[Sixtyrupees]

is executed,

SubstitutedbyAct14of1988w.e.f2421988 SubstitutedbyAct14of1988w.e.f2421988 3 Substitutedbyibidw.e.f2421988

the

duty

on

such not

instrument shall exceedfiverupees. B Revocationof:

The same duty as Bottomry Bond (No 14) for a sum equal to the amount or value of the property settled as set forth in the instrument of revocation, but not exceedingfiftyrupees.

Notes:Art51 TherateofstampwasraisedtoThesamedutyasaConveyance(No.21 or22asthecasemaybe)forSettlementandasthesamedutyasconveyance(21or 22asthecasemaybe)butnotexceedingOnehundredrupeesforRevocationintroduced byOrdinanceNo.2of1988replacedbyAct14of1988hasnotbeenimplementedbythe Governmentsofar.Theaboveamendmentallowedtonaturaldeath.OldrteofBottomry BondrateforsettlementandmaximumRs.50/forrevocationprevailingintheAct17of 1959existsinforce. 52. Shippingorderfor orrelatingtothe conveyance of goods The rupees for every Rs. onboardofanyvessel 100 or part thereof the nominal amount of the share specified in the warrant. 53. Surrenderoflease (a) whenthedutywithwhichtheleaseischargeabledoes Thedutywithwhichsuch notexceedfiftyrupees. leaseischargeable
1

(b) inanyothercase: 55. Transfer(whetherwithorwithoutconsideration)

[Onerupee]

[Fifty paise for every (a) ofdebentures,beingmarketablesecurities,whetherthe One hundred rupees or debentureisliabletodutyornot: partthereofoftheamount ofthedebenture] One rupee for every (b) ofdebenturestocks: hundred rupees or part thereof of the amount of thedebenturestock

(c) of any interest secured by a bond, mortgage deed or Thedutywithwhichsuch policyofinsurance bond, mortgage deed or (i) ifthedutyonsuchbond,mortgagedeedorpolicydoes policy of insurance is 1
1

Revisedrateseffectedfrom2421988byAct14of1988

notexceed1[fiftyrupees]

policy of insurance is chargeable

1

[fiftyrupees]

(ii) inanyothercase (d) ofanypropertyundertheAdministratorsGeneralAct, 1963(CentralAct45of1963)section22,

Fortyrupees
1

[fifty rupees] or such

smalleramountasmaybe (e) of any trust property without consideration from one trustee to another trustee or from a trustee a charged under clause (a) beneficiary: to(c)ofthisarticle. Exception Transferbyendorsement (a) ofabillorexchange,chequeorpromissorynote (b) ofabilloflading,deliveryorder,warrantforgoods,or othermercantiledocumentoftitletogoods (c) ofapolicyofinsurance (d) ofsecuritiesoftheCentralGovernment 56. Transferofleasebywayofassignmentandnotbywayof The same duty as underlease. conveyance (No. 21 or 22, as the case, may be) for a consideration equal to the amount of the consideration for the transfer. 57. A Trust* Declaration of of or concerning any property when made The same duty as byanywritingnotbeingaWill: conveyance (No. 21 or 22,asthecase,maybe) B Revocation of of or concerning any property when made of or concerning any byanyinstrumentotherthanaWill: property when made by any Notes: Art 57 Substituted by Act 14 of 1988 and implementedwitheffectfrom12111990 58. Warrant for goods, this is to say, any instrument Onerupeefiftypaise evidencing the title of any person therein named of his assigns or the holder thereof to the property in any goods lyinginoruponanydock,warehouseorwharf

EXTRACTSFROMTHEINDIANSTAMPACT,1899 (Actof21899)

AsperentryNo.61oftheUnionlistoftheConstitutionofIndiafollowinginstrumentshallbe chargeablewithdutyoftheamountindicatedinScheduleIoftheIndiaStampAct1899andit extendstothewholeoftheStateofKerala.(VideSection72oftheKeralaStampAct1959) Presentdutyofthesaidinstrumentsisnotedagainsteach.

THEINDIANSTAMPACT,1899 SCHEDULEI DescriptionofInstruments ** 13 ** ** ProperStampDuty **

Bill of exchange as defined by Section 2(2), not being a Bond,Banknoteorcurrencynote: (a) ** ** ** (b) wherepayablenototherwisethanondemand: (i) wherepayablenotmorethanthreemonthsafterdateor sight Onerupeesfiftypaise if the amount of the bill or note does not exceed Rs.500 Tworupeesfiftypaise ifitexceedRs.500butdoesnotexceedRs.1,000 Tworupeesfiftypaise and for every additional Rs.1,000 or part thereof in excessofRs.1,000, (ii) where payable more than three months but not more thansixmonthsafterdateorsight: Tworupeesfiftypaise if the amount of the bill or note does not exceed Rs.500 Fiverupees ifitexceedRs.500butdoesnotexceedRs.1,000 Fiverupees and for every additional Rs.1,000 or part thereof in excessofRs.1,000 (iii) Wherepayablemorethansixmonthsbutnotmorethan ninemonthsafterdateorsight: iftheamountofthebillornotedoesexceedRs.500 ifitexceedRs.500butdoesnotexceedRs.1,000 Threerupeesseventyfive paise

and for every additional Rs.1,000 or part thereof in Sevenrupeesfiftypaise excessofRs.1,000 Sevenrupeesfiftypaise (iv) where payable more than nine months but not more thanoneyearafterdateorsigh: iftheamountofthebillornotedoesexceedRs.500 ifitexceedRs.500butdoesnotexceedRs.1,000 Fiverupees

and for every additional Rs.1,000 or part thereof in Tenrupees excessofRs.1,000 (c) Where payable at more than one year after date or Tenrupees sight:

sight: iftheamountofthebillornotedoesexceedRs.500 ifitexceedRs.500butdoesnotexceedRs.1,000 and for every additional Rs.1,000 or part thereof in Tenrupees excessofRs.1,000 Twentyrupees Twentyrupees 14. BillofLading (includingathroughbilloflading)
1 [Tworupees]

N.B:Ifabillofladingis drawninparts,theproper stamp thereof must be borne by each one of the set. Explanations (a) Bill of lading when the goods therein described are received at a place within the limits of any port as definedundertheIndianPortsAct,1889(10of1889), and are to be delivered at another place within the limitsofthesameport. (b) Billofladingwhen executedout ofIndiaandrelating topropertytobedeliveredinIndia. *** 27. **** ****

Debenture(Whetheramortgage,debentureornot),beinga marketablesecuritytransferable (a) by endorsement or by a separate instrument of transfer: wheretheamountdoesnotexceedRs.10. whereitexceedsRs.10anddoesnotexceedRs.50 Twentypaise Fortypaise Seventyfivepaise Onerupeefiftypaise Two rupees twenty five paise Ditto Ditto 300 400 ditto ditto 400 500 Threerupees Threerupeesseventyfive paise Fourrupeesfiftypaise Ditto 500 ditto 600

Ditto Ditto Ditto

50 100 200

ditto ditto ditto

100 200 300

SubstitutedbyAct32of1994forOneRupeeswitheffectfrom1351995.PublishedintheGazetteof IndiaExtraOrdinary PartIISectionI.Dated1351994.

Ditto Ditto Ditto Ditto

600 700 800 900

ditto ditto ditto ditto

700 800 900 1,000

Five rupees twenty five paise Sixrupees Six rupees seventy five paise Sevenrupeesfiftypaise Threerupeesseventyfive paise

AndeveryRs.500orpartthereofinexcessofRs.1,000 (b) bydelivery Where the amount or value of the consideration for such debenture as set forth therein does not exceed Rs.50 WhereitexceedsRs.50butdoesnotexceedRs.100 Ditto Ditto Ditto Ditto Ditto Ditto Ditto Ditto 100 200 300 400 500 600 700 800 ditto ditto ditto ditto ditto ditto ditto ditto 200 300 400 500 600 700 800 900 Onerupeefiftypaise Threerupees Fourrupeesfiftypaise Sixrupees Sevenrupeesfiftypaise Ninerupees Tenrupeesfiftypaise Twelverupees Thirteen paise Fifteenrupees. andforeveryRs.500orpartthereofinexcessofSevenrupeesfiftypaise.Rs.1,000 Explanation: The term Debenture includes any interest coupons attached thereto but theamountofsuchcouponsshallnotbeincludedinestimatingtheduty. Exemption A debenture issued by an incorporated Company or other body corporate in terms of a registered mortgage deed, duly stamped in respect of the amount of debentures to be issuedthereunder,wherebytheCompanyorbodyborrowingmakes over,inwholeorin part,theirpropertytotrusteesforthebenefitofthedebentureholders: Provided that the debentures so issued are expressed to be issued in terms of the said mortgagedeed. *** 37. *** *** rupees fifty

Ditto

900

ditto

1,000

LetterofCredit,thatistosay,anyinstrumentbywhichon Tworupees person authorizes another to give credit to the person in wholefavouritisdrawn

*** 47. PolicyofInsurance A.SeaInsurance(SeeSection7) (1) fororuponanyvoyage

****

***

Ifdrawn Singly

Ifdrawnin duplicatefor eachpart

(i) Where the premium or consideration does not exceed Tenpaise the rate of oneeighth per centum of the amount insuredbythepolicy (ii) In any other case, in respect of every full sum of one Tenpaise thousand five hundred rupees and also any fractional partofonethousandrupeesinsuredbythepolicy (2) fortime

Fivepaise

Fivepaise

(iii) In respect of every full sum of one thousand rupees and also any fractional part of one thousand rupees insuredbythepolicy FifteenpaiseTenpaise Where the insurance shall be made for any time not Twentyfive Fifteen exceedingsixmonths B: Fire Insurance and other classes of insurance, not paise elsewhere included in this Article, convering goods, Merchandise, Personal Effects, Crops and other propertyagainstlossordamage (1) Inrespectofanoriginalpolicy (i) whenthesuminsureddoesnotexceedRs.50,000 (ii) inanyothercaseand Fiftypaise Onerupees (2) and in respect of each receipt for any payment of a Onehalf of the duty premiumonanyrenewalofanoriginalpolicy. payable in respect of the originalpolicyinaddition to the amount, if any chargeableunderNo.53. paise

C AccidentandSicknessInsurance (a) againstrailwayaccident,validforasinglejourneyonly Exemption Whenissuedtoapassengertravelingbytheintermediateor thethirdclassinanyrailway: (b) inanyothercaseforthemaximumamountwhichmay become payable in the case of any single accident or sicknesswheresuchamountdoes notexceedRs.1,000 and also where such amount exceeds Rs.1,000 for everyRs.1,000orpartthereof.

Tenpaise

everyRs.1,000orpartthereof.

Providedthatincaseofa policy of insurance, against death by accident whentheannualpremium payable does not exceed Rs.2.50 per Rs.1,000 the duty on such instrument shall be ten paise for every Rs.1,000 or part thereof, of the maximum amount which may becomepayableunderit. Tenpaise

CCInsurancebywayofindemnityagainstliabilitytopay damages on account of accidents to workmen employedbyorundertheinsureroragainstliabilityto paycompensationundertheWorkmensCompensation Ifdrawn Act,1923(8of1923),foreveryRs.100orpartthereof Singly payableaspremium.

If drawn in duplicate,for

eachpart D Life Insurance of Group Insurance or other Insurance not specifically provided for, except such a re FifteenpaiseTenpaise insurance,asisdescribedinDivisionEofthisarticle: Twentyfive Twenty (i) foreverysuminsurednotexceedingRs.250 paise paise (ii) for every sum insured exceeding Rs.250 but not Fortypaise Twenty exceedingRs.500 (iii) For every sum insured exceeding Rs.500 but not paise exceedingRs.1,000andalsoforeveryRs.1,000orpart NBIfapolicyofGroup thereofinexcessofRs.1,000. Insurance is renewed or otherwise modified whereby the sum insured exceeds the sum previously insured on which stampduty has been paid, the proper stamp must be borne on the excess sum so insured. E ReInsurance by an Insurance, which has granted a policyofthenaturespecifiedinDivisionAorDivision B of this Article with another company by way of indemnity of guarantee against the payment on the originalinsurance ofa certainpart ofthesuminsured thereby, One quarter of the duty payable in respect of the originalinsurancebutnot less than ten paise or morethanonerupee. Provided that if the total

amountofdutypayableis not a multiple of five paise, the total amount shall be rounded off the next higher multiple of fivepaise. GeneralExemption Letterofcoverorengagementtoissueapolicyofinsurance. Provided that unless such letter or engagement bears the stampprescribedbythis Act forsuchpolicy,nothingshall be claimable thereunder, nor shall it be available for any purpose,except,tocompelthedeliveryofthepolicytherein mentioned. *** 52. ***

***

Proxy empowering any person to vote at any one election Thirtypaise of the members of adistrictorlocalboardor of abodyof Municipal Commissioners, or at any one meeting of (a) members of an incorporated company or other body corporatewhosestock,orfundsisoraredividedintoshares and transferable. (b) a local authority, or (c) proprietors, membersorcontributorstothefundsofanyinstitution:
2 Receipt (as defined by Section 2(23)) for any money or [OneRupee] otherproperty,theamountorvalueofwhichexceeds[five 1 hundred]

53.

Exemptions Receipt: (a) endorsed on containedinanyinstrument dulystamped oranyinstrument exempted undertheprovisotosection3(instrumentsexecutedonbehalfoftheGovernment)or anychequeorbillofexchangepayableondemandacknowledgingthereceiptofthe consideration money therein expressed, or the receipt of any principal money, interestorauthorityorotherperiodicalpaymenttherebysecured (b) foranypaymentofmoneywithoutconsideration (c) foranypaymentofrentbya cultivator onaccountoflandassessedtoGovernment Revenue, of (in the States of Madras, Bombay and Andhra as they existed st immediatelybeforethe1 November,1956),ofInamlands, (d) for pay or allowances by noncommissioned or pretty officers, soldiers, sailors or airmenoftheIndianmilitary, navalorairforces,whenservinginsuchcapacity,or bymountedpoliceconstables (e) givenbyholdersoffamilycertificatesincaseswherethepersonfromwhosepayor allowance, the sum comprised in the receipt has been assigned is a non commissionedorpettyofficer,soldier,sailororairmanofnayofthesaidforces,and servinginsuchcapacity (f) for persons or allowances by persons receiving such pensions or allowances in respectoftheirservicesassuchnoncommissionedorpettyofficers,soldiers,sailors
1 2

SubstitutedbyAct32of 1994forTwentyRupeeswitheffectfrom1351995. SubstitutedbyAct32of1994forTwentypaisewitheffectfrom1351995.

orairman,andnotservingtheGovernmentinanyothercapacity (g) givenbyaheadmanorlambardarforlandrevenueoftaxescollectedbyhim (h) givenformoneyorsecuritiesformoneydepositedinthehandsofanybanker,tobe accountedfor: Providedthatthesameisnotexpressedtobereceivedof,orbythehandofanyother thanthepersontowhomthesameistobeaccountedfor: Providedalsothatthis exemptionshallnotextendtoareceiptoracknowledgement for any sum paid or deposited for, or upon a letter of allotment of a share, or in respectofacalluponanyscriporshareof,orinanyincorporatedcompanyorother body corporate or such proposed or intended company or body or in respect of a debenturebeingamarketablesecurity.(SeealsoPolicyofInsuranceNo.47B(2)). xxx 62. xxx xxx Seventyfive paise for every hundred rupees or part thereof of the value oftheshare. xxx

Transfer(wherewithorwithoutconsideration:) (a) ofsharesinanincorporatedcompanyorotherbody corporate

xxx

xxx