THE INDIAN STAMP (ANDAMAN AND NICOBAR ISLANDS AMENDMENT) REGULATION, 2026

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MINISTRY OF LAW AND JUSTICE (Legislative D epartment) New Delhi, the 18th September, 2026/Bhadra 27, 1948 (Saka) THE INDIAN STAMP (ANDAMAN AND NICOBAR ISLANDS AMENDMENT) REGULATION, 2026 THE INDIAN STAMP (ANDAMAN AND NICOBAR ISLANDS No. 13 of 2026 AMENDMENT) REGULATION, 2026 Promulgated by the President in the Seventy-seventh Year of the Republic Promouf lIgnadteida .by the President in the Seventy-seventh Year of the Republic of India.

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In exercise of the powers conferred by article 240 of the Constitution, the

President is pleased to promulgate the following Regulation made by her:––

1. (1) This Regulation may be called the Indian Stamp (Andaman and Nicobar Short title, Islands Amendment) Regulation, 2026. extent and commencement.

(2) It extends to the whole of the Union territory of Andaman and Nicobar Islands.

(3) It shall come into force on such date as the Administrator may, by

notification in the Official Gazette, appoint.2 THE GAZETTE OF IND2 IA EXTRAORDINARY [Part II— Construction of 2. In the Indian Stamp Act, 1899 (hereinafter referred to as the principal Act), 2 of 1899.

reference of for the word and letter “Schedule I”, wherever they occur, the words “the Schedule” certain shall be substituted. expressions by certain other expressions.

Amendment of 3. In section 3 of the principal Act, after the proviso, the following proviso

section 3. shall be inserted, namely:–– “Provided further that except as otherwise expressly provided in this Act and notwithstanding anything contained in clause (a), clause (b), clause (c) or the Schedule as so substituted by the Indian Stamp (Andaman and Nicobar Islands Amendment) Regulation, 2026, the amount indicated in the Schedule shall be the duty chargeable on the following instruments, namely:––

(1) every instrument mentioned in the Schedule as chargeable with duty mentioned therein which, not having been previously executed by any person, is executed in the Union territory;

(2) every instrument mentioned in Schedule as chargeable with duty mentioned therein which, not having been previously executed by any person, is executed out of the Union territory, on or after the date of commencement of the Indian Stamp (Andaman and Nicobar Islands Amendment) Regulation, 2026, and relates to any property situated or to any matter or thing done in the Union territory.”.

Amendment of 4. In section 11 of the principal Act, in clause (a), for the words “ten naye

section 11. paise”, the words “one rupee” shall be substituted.

Amendment of 5. In section 31 of the principal Act, in sub-section (1), for the words “fifty

section 31. naye paise”, the words “one rupee” shall be substituted.

Amendment of 6. In section 32 of the principal Act, in sub-section (3), in clause (c) of the

section 32. proviso, for the words “ten naye paise”, the words “one rupee” shall be substituted.

Amendment of 7. In section 34 of the principal Act, for the words “ten naye paise”, the words

section 34. “one rupee” shall be substituted.

Amendment of 8. In section 40 of the principal Act, in sub-section (1), for the words “ten naye

section 40. paise”, the words “one rupee” shall be substituted.

Amendment of 9. In section 41 of the principal Act, for the words “ten naye paise”, the words

section 41. “one rupee” shall be substituted.

Amendment of 10. In section 47 of the principal Act, for the words “ten naye paise”, the words

section 47. “one rupee” shall be substituted.

Amendment of 11. In section 53 of the principal Act, in clause (c), for the words “ten naye

section 53. paise”, the words “one rupee” shall be substituted.

Amendment of 12. In section 54 of the principal Act, for the words “ten naye paise”, the words

section 54. “one rupee” shall be substituted.

Amendment of 13. In section 69 of the principal Act, in clause (b), for the words “ten naye

section 69. paise or five naye paise”, the words “one rupee” shall be substituted.

Amendment of 14. In section 74 of the principal Act, in the proviso, for the words “ten naye

section 74. paise or five naye paise”, the words “one rupee” shall be substituted.Sec. 1] THE GAZETTE OF IND3 IA EXTRAORDINARY 3

15. After section 75 of the principal Act, the following section shall be Insertion of new inserted, namely:— section 75A. “75A. Notwithstanding anything contained in any judgment, decree or Validation of

order of any court, tribunal, or other authority, or in the provisions of this notification, rules and duties.

Act,—

(i) anything done or any duty performed or any action taken or purported to have been taken or done under section 75, as it stood prior to its amendment by the Indian Stamp (Andaman and Nicobar Islands Amendment) Regulation, 2026, shall be deemed to have been validly done or performed or taken;

(ii) any notification or rule issued under section 75 for appointing or assigning functions to any officer shall be deemed to have been validly issued for all purposes, as if the provisions of this Act, as amended by the Indian Stamp (Andaman and Nicobar Islands Amendment) Regulation, 2026, had been in force at all material times;

(iii) for the purposes of this section and section 3 of this Act, as amended by the Indian Stamp (Andaman and Nicobar Islands Amendment) Regulation, 2026, shall have and shall always be deemed to have effect for all purposes as if the provisions of this Act, as amended by the Indian Stamp (Andaman and Nicobar Islands Amendment) Regulation, 2026, had been in force at all material times.”.

16. In section 78 of the principal Act, for the words “twenty-five naye paise”, Amendment of

section 78. the words “one rupee” shall be substituted.

17. After section 78 of the principal Act, the following section shall be Insertion of new

section 78A. inserted, namely:— “78A. If the total amount of duty payable, or of allowance to be made, Duty or allowance to be under this Regulation is not a multiple of one rupee, the total amount shall be rounded off to rounded off to the next higher multiple of one rupee.”. next higher multiple of one rupee.

18. For Schedule I of the principal Act, the following Schedule shall be Substitution of substituted, namely:— Schedule I. “THE SCHEDULE (See section 3) Sl. No. Description of instrument Proper stamp duty

(1) (2) (3)

1. ACKNOWLEDGEMENT of a debt exceeding five thousand rupees in amount or value, written or signed by, or on behalf of, a debtor in order to supply evidence of such debt in any book (other than a Banker’s pass book) or on a separate piece of paper when such book or paper is left in the creditor’s

possession:4 THE GAZETTE OF IND4 IA EXTRAORDINARY [Part II—

(1) (2) (3)

Provided that such acknowledgement does not contain any promise to pay the debt or any stipulation to pay interest or to deliver any goods or other property, where the amount or value of such debt—

(a) exceeds five thousand rupees but Ten rupees. does not exceed ten thousand rupees;

(b) exceeds ten thousand rupees but is Thirty rupees. less than ten lakh rupees; and

(c) is ten lakh rupees and above. Fifty rupees.

2. ADMINISTRATION-BOND, including a bond given under the Government Savings Promotion Act, 1873 (5 of 1873), the Guardians and Wards Act, 1890 (8 of 1890), the Indian Succession Act, 1925 (39 of 1925) or the Administrator-Generals Act, 1963 (45 of 1963)––

(a) where the amount does not exceed Two hundred rupees. two thousand rupees;

(b) in any other case. Two hundred rupees.

3. ADOPTION DEED, that is to say, any Two hundred and fifty instrument (other than a Will) recording an rupees. adoption or conferring or purporting to confer an authority to adopt.

4. AFFIDAVIT, including an affirmation or Twenty rupees. declaration in the case of persons by law allowed to affirm or declare instead of swearing.

Exemptions Affidavit or declaration in writing when made—

(a) as a condition of enrolment under the Indian Army Act, 1911 (8 of 1911) or the Indian Air Force Act, 1932 (14 of 1932);

(b) for the immediate purpose of being filed or used in any court or before the officer of any court; orSec. 1] THE GAZETTE OF IND5 IA EXTRAORDINARY 5

(1) (2) (3)

(c) for the sole purpose of enabling any person to receive any pension or charitable allowance.

5. AGREEMENT OR MEMORANDUM OF AGREEMENT.––

(a) if relating to the sale or a bill of Rupee one for every ten exchange; thousand rupees or part thereof.

(b) if relating to the purchase or sale of Rupee one for every ten Government security or share in an thousand rupees or part incorporated company or other body thereof of value of the corporate; share property.

(c) if relating to an agreement for the Two per cent. of the sale of an immovable property; market value of the immovable property, subject to a minimum of one hundred rupees and rounded up to the nearest hundred in its multiples thereof.

(d) if relating to giving authority or The same duty as is power to a promoter or a developer, by leviable on a conveyance whatever name called, for construction under clause (b), or (c), as on, development of or, sale or transfer (in the case may be, of Article any manner whatsoever) of, any 22, on the market value of immovable property; the property:

Provided that, if the proper stamp duty is paid under clause (g) of Article 47 on a power of attorney executed between the same parties in respect of the same property then, the stamp duty under this Article shall be five hundred rupees.

(e) if not otherwise provided for. Two hundred rupees.

Exemptions I. Agreement or memorandum of agreement—

(a) for or relating to the sale of goods or merchandise exclusively not being a NOTE of MEMORANDUM chargeable (No. 42);

(b) made in the form of tenders to the Central Government for or relating to any loan.

II. Agreement to Lease (No. 33).6 THE GAZETTE OF IND6 IA EXTRAORDINARY [Part II—

(1) (2) (3)

6. DEPOSIT OF THE TITLE DEEDS, PAWN, PLEDGE OR HYPOTHECATION, that is to say, any instrument evidencing an agreement relating to—

(1) The deposit of the title deeds or instrument constituting or being evidence of the title to any property whatever (other than a marketable security), where such deposit has been made by way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt—

(a) if the amount secured by such 0.1 % of the amount deed does not exceed five lakh rupees; secured by such deed subject to the minimum of one hundred rupees.

(b) in any other case. 0.2 % of the amount secured by such deed subject to the maximum of ten lakh rupees.

(2) The pawn, pledge or hypothecation of movable property, where such pawn, pledge or hypothecation has been made by way of security for their repayment of money advanced or to be advanced by way of loan or an existing or future debt—

(a) if the amount secured by such 0.1 % of the amount deed does not exceed five lakh rupees; secured by such deed subject to the minimum of one hundred rupees.

(b) in any other case. 0.2 % of the amount secured by such deed subject to the maximum of ten lakh rupees.

Explanation I.—For the purposes of clause (1) of this Article, notwithstanding anything contained in any judgment, decree or order of any court or order of any authority, any letter, note, memorandum or writing relating to the deposit of title deeds whether written or made either before or at the time when or after the deposit of title deeds is effected, and whether it is in respect of the security for the first loan or any additionalSec. 1] THE GAZETTE OF IND7 IA EXTRAORDINARY 7

(1) (2) (3) loan or loans taken subsequently, such letter, note, memorandum or writing shall, in the absence of any separate agreement or memorandum of agreement relating to deposit of such title deeds, be deemed to be an instrument evidencing an agreement relating to the deposit of title deeds.

Explanation II.—For the purposes of this Article, any new instrument executed for additional loan or extension of previous loan shall be treated as a fresh instrument and chargeable with the duty to the extent of additional amount being secured or disbursed or sanctioned.

Exemption Letter of hypothecation accompanying a bill of exchange.

7. APPOINTMENT IN EXECUTION OF Three hundred rupees.

A POWER, whether of trustees or of property, movable or immovable, where made by any writing not being a Will.

8. APPRAISEMENT OR VALUATION One hundred rupees. made otherwise than under the order of the Court in the course of a suit.

Exemptions

(a) Appraisement or valuation made for the information of one party only, and not being in any manner obligatory between the parties either by agreement or operation of law for the time being in force;

(b) Appraisement of crops for the purpose of ascertaining the amount to be given to a landlord as rent.

9. APPRENTICESHIP DEED, including One hundred rupees. every writing relating to the service or tuition of any apprentice, clerk or servant placed with any master to learn any profession, trade or employment, not being ARTICLES OF CLERKSHIP (No. 11).8 THE GAZETTE OF IND8 IA EXTRAORDINARY [Part II—

(1) (2) (3) Exemption Instrument of apprenticeship executed by a Magistrate under the Apprentices Act, 1961 (52 of 1961) or by which a person is apprenticed by, or at the charge of any public charity.

10. ARTICLES OF ASSOCIATION OF A 0.2% on share or COMPANY.—When the Company has no increased share capital, as share capital or nominal share capital or the case may be, subject to a maximum of fifty lakh increased share capital.

rupees.

Exemption Articles of any association not formed for profit and registered under

section 8 of the Companies Act, 2013 (18 of 2013).

See MEMORANDUM OF ASSOCIATION OF A COMPANY (No. 38).

11. ARTICLES OF CLERKSHIP or Three hundred rupees. contract whereby any person first becomes bound to serve as a clerk in order to his admission as an attorney in any High Court.

(i) ASSIGNMENT.

See CONVEYANCE (No. 22), TRANSFER (No. 62), TRANSFER OF LEASE (No. 63), as the case may be;

(ii) ATTORNEY.

See POWER OF ATTORNEY (No. 47);

(iii) AUTHORITY TO ADOPT.

See ADOPTION DEED (No. 3).

12. AWARD, that is to say, any decision in Three hundred rupees. writing by an arbitrator or umpire, not being an award directing a partition, on a reference made otherwise than by an order of the Court in the course of a suit.

13. BILL OF EXCHANGE [as defined A s p e r Schedule I of the in sub-section (2) of section 2], not I n d i a n S t a m p Act, 1899 being a BOND, bank-note or ( 2 o f 1 8 9 9 ). currency-note.Sec. 1] THE GAZETTE OF IND9 IA EXTRAORDINARY 9

(1) (2) (3)

14. BILL OF LADING. As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

15. BOND not being a DEBENTURE 0 . 5 % of amount of and not being otherwise provided for any Bond, subject to a provisions of this Act (whether or not such minimum of one hundred provisions relate to any particular types of rupees.

Bonds), or by the Court Fees Act, 1870 (VII of 1870).

Exemption Bond when executed by any person for the purpose of guaranteeing that the local income derived from private subscriptions or a charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per mensem.

16. BOTTOMRY BOND, that is to say, any 0.5 % of amount of instrument whereby the master of a seagoing Bond, subject to a ship borrows money on the security of the minimum of one hundred ship to enable him to preserve the ship or rupees.

prosecute her voyage.

17. CANCELLATION— Any instrument previously executed is One hundred rupees. cancelled, if attested and not otherwise

provided for.

See also RELEASE (No. 55), REVOCATION OF SETTLEMENT, (No. 58), SURRENDER OF LEASE (No. 61), REVOCATION OF TRUST (No. 64).

18. CERTIFICATE OF SALE (in respect The same duty as is of each property put up as a separate lot and leviable on a conveyance sold) granted to the purchaser of any under clause (a), (b) or (c), property sold by public auction by a Civil or as the case may be, of Revenue Court, or Collector or other Article 22 on the market Revenue Officer or any other officer value of the property.

empowered by law to sell property by public auction.

19. CERTIFICATE OR OTHER 0.1% of the value of the DOCUMENT evidencing the right or title shares, scrip or stock. of the holder thereof, or any other person, either to any shares, scrip or stock in or any incorporated company or other body corporate, or to become proprietor of charges, scrip or stock in or of any such company or body.10 THE GAZETTE OF IN1D0I A EXTRAORDINARY [Part II—

(1) (2) (3)

20. CHARTER-PARTY, that is to say, any One hundred rupees. instrument (except an agreement for the hire of a tug steamer), whereby a vessel or some specified principal part thereof is left for the specified purposes of charterer, whether it includes penalty clauses or not.

21. COMPOSITION-DEED, that is to say, Two hundred rupees. any instrument executed by debtor except an agreement, whereby he conveys his property for the benefit of his creditors, or whereby payment of a composition or dividend on their debts is secured to the creditors, or whereby provision is made for the continuance of the debtor’s business under the supervision of inspectors or under letters of licence, for the benefit of his creditors.

22. CONVEYANCE, (not being a TRANSFER charged or exempted under No. 64)— On the true market value of the property, which is the subject matter of conveyance—

(a) if relating to movable property; Two per cent. of the market value of the property or consideration whichever is higher.

(b) if relating to immovable property—

(i) purchased by a female; Four per cent. of the market value of the property or consideration whichever is higher.

(ii) purchased jointly by female Five per cent. of the and male; market value of the property or consideration whichever is higher.

(iii) in any other case. Six per cent. of the market value of the property or consideration whichever is higher.

(c) if relating to both movable and The same duty as is immovable property; payable under clauses (a) and (b).Sec. 1] THE GAZETTE OF IN1D1I A EXTRAORDINARY 11

(1) (2) (3)

(d) so far as it relates to the scheme, Two per cent. of the for reconstruction of the company or aggregate of the market companies involving merger or the value of the shares issued amalgamation of any two or more or allotted in exchange or companies by an order of the National otherwise and the amount Company Law Tribunal under o f c o n s ideration paid for

section 232 of the Companies s u c h a m a l g amation:

Act, 2013 (18 of 2013) or for

Provided that, the amalgamation or dissolution of amount of duty Banking Companies by an order of the chargeable under this Reserve Bank of India under clause shall not exceed an

section 44A of the Banking Regulation amount equal to two Act, 1949 (10 of 1949). per cent. of the true

market value:

Provided further that, the amount of duty chargeable under this clause shall not exceed—

(i) an amount equal to two per cent. of the true market value of the immovable property located within the Union territory of Andaman and Nicobar Islands the transferor company; or

(ii) an amount equal to two per cent. of the aggregate of the market value of the shares issued or allotted in exchange or otherwise and the amount of consideration paid, for such amalgamation,

whichever is higher:

Provided also that, in case of reconstruction or demerger the duty chargeable shall not exceed—12 THE GAZETTE OF IN1D2I A EXTRAORDINARY [Part II—

(1) (2) (3)

(i) an amount equal to two per cent. of the true market value of the immovable property located within the Union territory of Andaman and Nicobar Islands transferred by the Demerging Company to the Resulting Company; or

(ii) an amount equal to 0.6 % of the aggregate of the market value of the shares issued or allotted to the Resulting Company and the amount of consideration paid for such demerger, whichever is higher.

Exemption Assignment of copyright under the Copyright Act, 1957 (14 of 1957).

Explanation I.—For the purposes of this Article, where in the case of agreement to sell an immovable property, the possession of any immovable property is transferred or agreed to be transferred to the purchaser before the execution, or at the time of execution, or after the execution of such agreement, then such agreement to sell shall be deemed to be a conveyance and stamp

duty thereon shall be leviable accordingly:

Provided that, where subsequently a conveyance is executed in pursuance of such agreement of sale, the stamp duty, if any already paid and recovered on the agreement of sale which is deemed to be a conveyance, shall be adjusted towards the total duty

leviable on the conveyance:

Provided further that, where proper stamp duty is paid on a registered agreement to sell an immovable property, treating it as a deemed conveyance and subsequently a conveyance deed is executed without any modification then such a conveyance shall be treated as other instrument under

section 4 and the duty of one hundred rupees shall be charged.Sec. 1] THE GAZETTE OF IN1D3I A EXTRAORDINARY 13

(1) (2) (3)

Explanation II.—For the purposes of clause (d), the market value of shares—

(a) in relation to the transferee company, whose shares are listed and quoted for trading on a stock exchange, means the market value of shares as on the appointed day mentioned in the scheme of amalgamation or when appointed day is not so fixed, the date of

order of the National Company Law Tribunal or, the order of the Reserve Bank of India;

(b) in relation to the transferee company, whose shares are not listed or listed but not quoted for trading on a stock exchange, means the market value of the share issued or allotted with reference to the market value of the shares of the transferor company;

(c) where the transferee company and transferor company, whose shares are not listed or listed but not quoted for trading on stock exchange means the face value of the share issued or allotted with reference to the face value of share of the transferee company.

23. COPY OR EXTRACT certified to be a Ten rupees. true copy or extract, by or by order of any public officer under section 75 of the Bharatiya Sakshya Adhiniyam, 2023 (47 of 2023), and not chargeable under the law for the time being in force relating to court-fees.

Exemptions

(a) copy of any paper which a public officer is expressly required by law to make or furnish for record in any public office or for a public purpose;

(b) copy of, or extract from, any register relating to births, baptisms, naming, dedications, marriages, divorces, deaths or burials;14 THE GAZETTE OF IN1D4I A EXTRAORDINARY [Part II—

(1) (2) (3)

(c) copy of any instrument the original of which is not chargeable to duty.

24. COUNTERPART OR DUPLICATE of The same duty as is any instrument chargeable with duty and in payable on the original, respect of which the proper duty has been subject to a maximum of paid. one hundred rupees.

25. CUSTOMS BOND OR EXCISE Two hundred rupees.

BOND––Any bond given pursuant to the provisions of any law for the time being in force or to the directions of any officer of Custom or Excise for, or in respect of, any of the duties of Customs or Excise or for preventing frauds or evasions thereof or for any other matter or thing relating thereto.

26. DEBENTURE As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

27. DELIVERY ORDER IN RESPECT One rupee or every OF GOODS, that is to say, any instrument one thousand rupees or entitling any person therein named, or his part thereof on the value assignees or the holder thereof, to the of such goods.

delivery of any goods lying in any dock or port, or in any warehouse in which goods are stored or deposited on rent or hire, or upon any wharf, such instrument being signed by or on behalf of the owner of such goods, upon the sale on transfer of the property therein, when such goods exceed in value of two hundred rupees.

DEPOSIT OF TITLE-DEED.

See Agreement relating to deposit of Title Deeds, Pawn or Pledge (No. 6).

DISSOLUTION OF PARTNERSHIP.

See Partnership (No. 45).

28. DIVORCE—Instrument of, that is O n e h u n d r e d rupees. to say, any instrument by which any person effects the dissolution of his marriage.Sec. 1] THE GAZETTE OF IN1D5I A EXTRAORDINARY 15

(1) (2) (3)

29. EXCHANGE OF PROPERTY— The same duty as is leviable on a conveyance

Explanation.—For the purposes of this under clause (a), (b) or (c), Article, notwithstanding anything as the case may be, of contained hereinabove, the highest duty Article 22, on the market on either of the property exchanged shall value of the property of be chargeable.

the greatest value.

30. FURTHER CHARGE—Instrument of, that is to say, any instrument imposing a further charge on mortgaged property—

(a) when the original mortgage is one of The same duty as is the descriptions referred to in clause (a) of leviable on a conveyance Article 39 (that is, with possession); under clause (a), (b) or (c), as the case may be, of Article 22, for the amount of the further charge secured by such instrument.

(b) when such mortgage is one of the descriptions referred to in clause (b) of Article 39 (that is, without possession)—

(i) if at the time of execution of the The same duty as is instrument of further charge possession leviable on a conveyance of the property is given, under such under clause (a), (b) or (c), instrument;

as the case may be, of Article 22, for the total amount of the charge (including the original mortgage and any further charge already made) less the duty already paid on such original mortgage and further charge.

(ii) if possession is not so given. 0.5% of the amount of further charge secured by such instrument subject to minimum of one hundred rupees and the maximum of ten lakh rupees.

31. GIFT.—Instrument of, not being a The same duty as is SETTLEMENT (No. 58) or WILL or leviable on a conveyance TRANSFER (No. 62). under clause (a), (b) or (c), as the case may be, of Article 22, on the market value of the property which is the subject matter

of the gift:16 THE GAZETTE OF IN1D6I A EXTRAORDINARY [Part II—

(1) (2) (3)

Provided that, if the property is gifted to a family member being the husband, wife, brother or sister of the donor or any lineal ascendant or descendant of the donor, then the amount of duty chargeable shall be at the rate of 1.5% on the market value of the property which is the subject matter

of the gift:

Provided further that, if residential and agricultural property is gifted to husband, wife, son, daughter, grandson, granddaughter, wife of deceased son, the amount of duty chargeable shall be two hundred rupees.

HIRING AGREEMENT or agreement for See Agreement (No. 5). service.

32. INDEMNITY-BOND The same duty as a Security Bond (No. 57) for the same amount.

INSPECTORSHIP–DEED See COMPOSITION- DEED (No. 21).

INSURANCE. See POLICY OF INSURANCE (No. 46).

33. LEASE, including under-lease or sub- lease and any agreement to let or sub-let or any renewal of lease— Where such lease purports to be—

(i) for a period not exceeding five The same duty as is years; leviable on a conveyance under clause (a), (b) or (c), as the case may be, of Article 22, on ten per cent. of the market value of the property.

(ii) for a period exceeding five years The same duty as is but not exceeding ten years, with a leviable on a conveyance renewal clause contingent or otherwise; under clause (a), (b) or (c), as the case may be, of Article 22, on twenty-five per cent. of the market value of the property.Sec. 1] THE GAZETTE OF IN1D7I A EXTRAORDINARY 17

(1) (2) (3)

(iii) for a period exceeding ten years The same duty as is but not exceeding twenty-nine years with leviable on a conveyance a renewal clause contingent or otherwise; under clause (a), (b) or

(c), as the case may be, of Article 22, on fifty per cent. of the market value of the property.

(iv) for a period exceeding twenty-nine The same duty as is years or in perpetuity, or does not purport leviable on a conveyance for any definite period, or for lease for a under clause (a), (b) or period exceeding twenty-nine years, with (c), as the case may be, of a renewal clause contingent or otherwise; Article 22, on ninety per cent. of the market value of the property.

(v) Public-Private Partnership projects, 0.10% of the total including ports, airports, tourism and estimated concession infrastructure. fee/lease rent/revenue share over the entire concession period, subject to minimum five thousand rupees and maximum twenty-five lakh rupees.

Explanation I.—Any consideration in the form of premium or money advanced or to be advanced or security deposit by whatever name called shall, for the purpose of market value, be treated as consideration passed on.

Explanation II.—The renewal period, if specifically mentioned, shall be treated as part of the present lease.

Explanation III.—For the purpose of “PPP/Concession Agreement” includes agreements where possession, development rights, or revenue rights over Government land or asset are transferred for a specified period under a contractual framework, irrespective of nomenclature.

34. LEASE AND LICENCE AGREEMENT.—

(a) where the lease and licence agreement 0.25% of the total sum purports to be for a term not exceeding sixty of,— months with or without renewal clause;

(i) the licence fees or rent payable under the agreement;

(ii) the amount of non-refundable deposit or money advanced or to be advanced or premium, by whatever name called;18 THE GAZETTE OF IN1D8I A EXTRAORDINARY [Part II—

(1) (2) (3)

(iii) the interest calculated at the rate of ten per cent. per annum on the refundable security deposit or money advanced or to be advanced, by whatever name called.

(b) where such lease and licence The same duty as is agreement purports to be for a period leviable on lease under exceeding sixty months with or without clause (ii), (iii) or (iv), as renewal clause. the case may be, of Article 33.

35. LETTER OF ALLOTMENT in respect One rupee. of any loan to be raised by any company or proposed company.

See certificate or other document (No. 19).

36. LETTER OF CREDIT, that is to say, As per Schedule I of the any instrument by which one person Indian Stamp Act, 1899 authorises another to give credit to the person (2 of 1899). in whose favour it is drawn.

LETTER OF GUARANTEE See, Agreement (No. 5).

37. LETTER OF LICENCE, that is to say, One hundred rupees. any agreement between a debtor and his creditors, that the letter shall, for a specified time, suspend their claims and allow the debtor to carry on business at his own discretion.

38. MEMORANDUM OF ASSOCIATION OF A COMPANY—

(a) if accompanied by articles of Five hundred rupees. association under section 10 of the Companies Act, 2013 (18 of 2013);

(b) if not so accompanied. 0.1% according to the share capital of the company, subject to minimum of one thousand rupees and maximum of fifty lakh rupees.

Exemption Memorandum of any association not formed for profit and registered under

section 8 of the Companies Act, 2013 (18 of 2013).

39. MORTGAGE-DEED, not being an agreement relating to Deposit of Title Deeds, Pawn or Pledge or Hypothecation (No. 6), Bottomry Bond (No. 16), Mortgage of a Crop (No. 40), Respondentia Bond (No. 56) or Security Bond of Mortgage Deed (No. 57)—Sec. 1] THE GAZETTE OF IN1D9I A EXTRAORDINARY 19

(1) (2) (3)

(a) when possession of the property or The same duty as is any part of the property comprised in such leviable on a conveyance deed is given by the mortgagor or agreed under clause (a), (b) or to be given; (c), as the case may be, of Article 22, for the amount secured by such deed.

(b) when possession is not given or 0.3% of the amount agreed to be given as aforesaid. secured by such deed, subject to minimum of one thousand rupees and maximum of twenty lakh rupees.

Explanation I.—A mortgagor who gives to the mortgagee a power of attorney to collect rents, or a lease of the property mortgaged or part thereof, is deemed to give possession within the meaning of this Article.

Explanation II.—Where in the case of an agreement to mortgage the amount or part thereof sought to be secured by such an agreement is advanced or disbursed to the mortgagor without execution of a mortgage-deed, then such an agreement to mortgage shall, notwithstanding anything contained in clause (6) of section 2, become chargeable under this Article as mortgage-deed on the date of making of such advance or disbursement either in part or in whole;

(c) when a collateral or auxiliary F i v e h u n dred rupees. or additional or substituted security, or by way of further assurance for the above-mentioned purpose where the principal or primary security is duly stamped.

Explanation.—For the purpose of this clause, “the principal or primary security” shall mean, the security created under clause (a) or (b).

Exemptions

(1) Instruments executed by persons taking advances under the Land Improvement Loans Act, 1883 (19 of 1883), or the Agriculturists’ Loans Act, 1884 (12 of 1884) or by their sureties as security for the repayments of such advances.20 THE GAZETTE OF IN2D0I A EXTRAORDINARY [Part II—

(1) (2) (3)

(2) Letter of hypothecation accompanying a bill of exchange.

40. MORTGAGE OF A CROP, including any instruments evidencing an agreement to secure the repayment of a loan made upon any mortgage of a crop, whether the crop is or is not in existence at the time of the mortgage––

(a) when the loan is repayable not more than three months from the date of the instrument—

(i) for every sum secured not One rupee. exceeding two hundred rupees;

(ii) for every two hundred rupees or One rupee. part thereof secured in excess of two hundred rupees;

(b) when the loan is repayable more than three months, but more than eighteen months, from the date of the instrument—

(i) for every sum secured not One rupee. exceeding one hundred rupees;

(ii) for every one hundred rupees or One rupee. part thereof secured in excess of one hundred rupees.

41. NOTARIAL ACT, that is to say, any Twenty rupees. instrument, endorsement, note, attestation, certificate of entry not being a PROTEST (No. 50) made or signed by a Notary Public in the execution of the duties of his office, or by any other person lawfully acting as a Notary Public.

PROTEST OF BILL OR NOTE (No. 49).

42. NOTE OF MEMORANDUM sent by a Broker Agent to his principal intimating the purchase or sale on account of such principal—

(a) of any goods, exceeding in value of One rupee. twenty rupees;Sec. 1] THE GAZETTE OF IN2D1I A EXTRAORDINARY 21

(1) (2) (3)

(b) of any stock or marketable security Subject to a maximum exceeding in value of twenty rupees. of fifty rupees, one rupee for every ten thousand rupees or part thereof of the value of the stock or security.

43. NOTE OF PROTEST BY THE Fifty rupees.

MASTER OF A SHIP.

See also PROTEST BY THE MASTER OF A SHIP (No. 50).

ORDER FOR THE PAYMENT OF See Bill of Exchange MONEY. (No. 13).

44. PARTITION—Instrument of partition The same duty as Bond [as defined under clause (15) of section 2] of (No.15) of the amount or the Indian Stamp Act, 1899 (2 of 1899). the market value of the separated share or shares of the property.

Note.—The largest share remaining after the property is partitioned (or, if there are two or more shares of equal value and not smaller than any of the other shares, then one of such equal shares) shall be deemed to be that from which the other shares

are separated:

Provided always that—

(a) when an instrument of partition containing an agreement to divide property in severalty is executed and a partition is effected in pursuance of such agreement, the duty chargeable upon the instrument effecting such partition shall be reduced by the amount of duty paid in respect of the first instrument but shall not be less than five rupees;

(b) where the instrument relates to the partition of agricultural land, the rate of duty applicable shall be one hundred rupees;22 THE GAZETTE OF IN2D2I A EXTRAORDINARY [Part II—

(1) (2) (3)

(c) where a final

order for effecting a partition passed by any Revenue authority or any Civil Court or an award by an arbitrator directing a partition, is stamped 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 instrument shall not exceed ten rupees.

45. PARTNERSHIP—

(1) Instrument of any partnership inclusive of, Limited Liability Partnership and joint venture to run a business, earn profits and to share profits, whether in cash or in kind—

(a) where there is no share of Five hundred rupees. contribution in partnership, or where such share contribution brought in by way of cash does not exceed fifty thousand rupees;

(b) where such share contribution One per cent. of the brought in by way of cash is in excess amount of share of fifty thousand rupees; contribution subject to maximum of fifteen thousand rupees.

(c) where such share contribution is The same duty as is brought in by way of property, leviable on a conveyance excluding cash. under clause (a), (b) or (c), as the case may be, of Article 22, on the market value of such property.

(2) Dissolution of partnership or retirement of partner inclusive of, Limited Liability Partnership and joint venture to run a business, earn profits and to share profits, whether in cash or in kind—

(a) where on dissolution of the The same duty as is partnership or on retirement of a partner leviable on a conveyance any property is taken as his share by a under clause (a), (b) or (c), partner other than a partner who as the case may be, of brought in that property as his share of Article 22, on the market contribution in the partnership; value of such property, subject to a minimum of one hundred rupees;

(b) in any other case. Five hundred rupees.Sec. 1] THE GAZETTE OF IN2D3I A EXTRAORDINARY 23

(1) (2) (3)

46. POLICY OF INSURANCE As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

47. POWER OF ATTORNEY, not being a PROXY—

(a) when executed for the sole purpose Two hundred rupees. of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one or more such documents;

(b) when required in suits or Two hundred rupees. proceedings under the Presidency Small Cause Courts Act, 1882 (15 of 1882);

(c) when authorising one person or Two hundred rupees. more to act in a single transaction other than the case mentioned in clause (a);

(d) when authorising one person to act Two hundred rupees. in more than one transaction or generally;

(e) when authorising more than one Two hundred rupees. person to act in single transaction or more than one transaction jointly or severally or generally;

(f)(i) when given for consideration The same duty as is and authorising to sell an immovable leviable on a conveyance property; under clause (a), (b), or

(c), as the case may be, of Article 22, on the market value of the property.

(ii) when authorising to sell or transfer immovable property without consideration or without showing any consideration, as the case may be—

(a) if given to the father, mother, Two hundred rupees. brother, sister, wife, husband, daughter, son, grandson, granddaughter or father, mother, brother or sister of the spouse; and

(b) in any other case; The same duty as is leviable on a conveyance under clause (b), or (c), as the case may be, of Article 22, on the market value of the property.

(g) when given to a promoter or The same duty as is developer by whatever name called, for leviable on a conveyance construction on, development of, or sale under clause (b), or (c), as or transfer (in any manner whatsoever) of, the case may be, of any immovable property. Article 22, on the market

value of the property:24 THE GAZETTE OF IN2D4I A EXTRAORDINARY [Part II—

(1) (2) (3)

Provided that when proper stamp duty is paid under clause (d) of Article 5 on an agreement, or records thereof or memorandum of an agreement executed between the same parties and in respect of the same property, the duty chargeable under this clause shall be one hundred rupees only.

(h) in any other case. Two hundred rupees.

Explanation I.—For the purposes of this Article more persons than one when belonging to the same firm shall be deemed to be one person.

Explanation II.—The term “registration” includes every operation incidental to registration under the Registration Act, 1908 (16 of 1908).

Explanation III.—Where under clause (f), duty has been paid on the power of attorney, and the conveyance relating to that property is executed in pursuance of power of attorney between the executant of the power of attorney and the person in whose favour it is executed, the duty on conveyance shall be the duty calculated on the market value of the property reduced by duty paid on the power of attorney.

48. PROMISSORY NOTE As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

49. PROTEST OF BILL OR NOTE, that is Fifty rupees. to say, any declaration in writing made by a Notary Public bill or other person lawfully acting as such, attesting the dishonour of a Bill of Exchange or promissory note.

50. PROTEST BY THE MASTER OF Fifty rupees.

SHIP, that is to say, any declaration of the particulars of her voyage drawn up by him with a view to the adjustment of losses or the calculation of averages, and every declaration in writing made by him against the charterers or the consignees for not loading or unloading the ship, when such declaration is attested or certified by a Notary Public or other person lawfully acting as such.Sec. 1] THE GAZETTE OF IN2D5I A EXTRAORDINARY 25

(1) (2) (3)

51. PROXY As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

52. RECEIPTS As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

53. RECONVEYANCE OF MORTGAGE Two hundred rupees only.

PROPERTY

54. RECORD OF TRANSACTION (Electronics or otherwise) effected by a trading member through a stock exchange––

(a) if relating to sale or purchase of 0.005% of the value of Government securities; security.

(b) if relating to purchase or sale of securities, other than those falling under item (a)––

(i) in case of delivery 0.005 % of the value of security.

(ii) in case of non-delivery 0.005 % of the value of security.

(c) if relating to futures and options 0.005 % of the futures trading; and options trading.

(d) if relating to forward contracts of 0.005% of the value of commodities traded through an the forward contract. association or otherwise.

Explanation.––For the purpose of clause (b), “securities” means the securities as defined in clause (h) of

section 2 of the Securities Contract

(Regulation) Act, 1956 (42 of 1956).

55. RELEASE, that is to say, any instrument (not being an instrument as is provided by

section 23A) whereby a person renounces a claim upon other person or against any specified property—

(a) if the release deed of an ancestral Two hundred rupees. property or part thereof is executed by or in favour of brother or sister (children of renouncer’s parents) or son or daughter or son of pre-deceased son or daughter of pre- deceased son or father or mother or spouse of the renouncer or the legal heirs of the above relations;

(b) in any other case. The same duty as is leviable on a conveyance under clause (a) or (b), as the case may be, of Article 22, on the market value of the share, interest, part or claim renounced.26 THE GAZETTE OF IN2D6I A EXTRAORDINARY [Part II—

(1) (2) (3)

56. RESPONDENTIA BOND, that is to say, 0.5 % of the amount of any instrument securing a loan on the cargo the loan secured, subject laden or to be laden on board a ship and to a minimum of one making repayment contingent on the arrival hundred rupees.

of the cargo at the port of destination.

REVOCATION OF ANY TRUST OR SETTLEMENT.

See SETTLEMENT (No.58);

TRUST (No. 64).

57. SECURITY BOND OR MORTGAGE 0.3% for the amount DEED, executed by way of security for the secured by such deed due execution of an office, or to account for subject to the maximum

money or other property received by virtue of twenty lakh rupees: thereof, or by a surety to secure the due

Provided that where performance of a contract, or in pursuance of on an instrument an order of the court or a public officer, not executed by a person for being otherwise provided for by the Court whom a person stands Fees Act, 1870 (7 of 1870).

surety and executes security bond or a mortgage deed, duty has been paid under Article 40, then the duty payable shall be one hundred rupees.

Exemptions Bond or other instrument, when executed,—

(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 public utility shall not be less than a specified sum per mensem;

(b) by person taking advances under the Land Improvement Loans Act, 1882 (19 of 1883), or the Agriculturists Loans Act, 1884 (12 of 1884), or by their sureties as security for the repayment of such advances;

(c) by officers of the Government or their sureties to secure the due execution of an office or due accounting for money or other property received by virtue thereof.

58. SETTLEMENT— A. Instrument of (including a deed of dower).—Sec. 1] THE GAZETTE OF IN2D7I A EXTRAORDINARY 27

(1) (2) (3)

(i) where the settlement is made for a The same duty levied religious or charitable purpose; as Bond (No.15) on the amount settled or the market value of the property settled.

(ii) in any other case. The same duty as is leviable on a conveyance under clause (a), (b), or

(c), as the case may be, of Article 22, for a sum equal to the amount settled or the market value of the property

settled:

Provided that where an agreement to settle is stamped with the stamp required for an instrument of settlement and an instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not

exceed ten rupees:

Provided further that where an instrument of settlement contains any provision for the revocation of the settlement, the amount or the value of the property settled shall, for the purposes of duty, be determined, as if no such provisions were contained in the instrument.

Exemption Deed of dower executed on the occasion of, or in connection with, marriage between Muhammadans, whether executed before or after the marriage.

B. Revocation of—

(i) in respect of settlement described in Five hundred rupees. sub-clause (i) of clause A;

(ii) in respect of settlement described Five hundred rupees. in sub-clause (ii) of clause A.

59. SHARE WARRANTS to bearer issued The same duty as under the Companies Act, 2013(18 of 2013). Bond (No. 15) for the same amount.28 THE GAZETTE OF IN2D8I A EXTRAORDINARY [Part II—

(1) (2) (3) Exemptions Share warrant when issued by a Company in pursuance of the provisions of the Companies Act, 2013 (18 of 2013), to have effect only upon payment, as composition for that duty, to the Collector of Stamp Revenue of—

(a) one-and-a-half per cent. of the whole subscribed capital of the company; or

(b) if any company which has paid the said duty or composition in full subsequently issues an addition to its subscribed capital, one-and-a-half per cent. of the additional capital so issued.

SCRIP. See CERTIFICATE (No. 18).

60. SHIPPING ORDER for or relating to the Ten rupees. conveyance of goods on board of any vessel.

61. SURRENDER OF LEASE—including an agreement for surrender of lease—

(a) without any consideration; Two hundred rupees.

(b) with consideration. The same duty as is leviable under clause (a),

(b), or (c) of Article 22 on the amount of consideration.

Explanation.—For the purposes of this Article, return of money paid as advance, on security deposit by lessee to the lessor shall not be treated as consideration for the surrender.

62. TRANSFER (whether with or without consideration)––

(a) of debentures, being marketable As per Schedule I of the securities whether the debenture is liable to Indian Stamp Act, 1899 duty or not, except debentures provided for (2 of 1899). by section 8 of the Indian Stamp Act, 1899 (2 of 1899).

Explanation.—For the purposes of this clause, the term ‘debenture’ includes debenture stock;

(b) of any interest secured by bond, As per Schedule I of the mortgage-deed or policy of insurance; Indian Stamp Act, 1899 (2 of 1899).

(c) of any property under section 22 of As per Schedule I of the the Administrator’s General Act, 1963 I n d i a n Stamp Act, 1899 (45 of 1963); (2 of 1899).Sec. 1] THE GAZETTE OF IN2D9IA EXTRAORDINARY 29

(1) (2) (3)

(d) of any trust property without As per Schedule I of the consideration from one trustee to another Indian Stamp Act, 1899 trustee, or from a trustee to a beneficiary. (2 of 1899).

Exemptions Transfers by endorsement—

(a) of a bill of exchange, cheque or promissory note;

(b) of a bill of lading, delivery order, warrant for goods or other mercantile document or title to goods;

(c)of a policy of insurance;

(d) of securities of the Central Government.

63. TRANSFER OF LEASE by way of The same duty as is assignment and not by way of underlease or leviable on lease under by way of decree or final order passed by any clause (i), (ii), (iii) or (iv), Civil Court or any Revenue Officer. as the case may be, of Article 33, for the remaining period of Lease.

64. TRUST–– A.—DECLARATION OF—or concerning, any property when made by any writing not being a WILL—

(a) where there is disposition of property—

(i) where the Trust is made for a One thousand rupees. religious or charitable purpose;

(ii)in any other case; The same duty as is leviable on a conveyance under clause (a), (b), or

(c), as the case may be, of Article 22, for a sum equal to the amount settled or the market value of the property settled.

(b) where there is no disposition of property—

(i) where the trust is made for Five hundred rupees. religious or charitable purpose;

(ii) in any other case; Five hundred rupees.

B.—REVOCATION OF—or Five hundred rupees. concerning, any property when made by any instrument, other than a WILL.

SeeSettlement(No. 58).30 THE GAZETTE OF IN3D0I A EXTRAORDINARY [Part II— Sec. 1]

(1) (2) (3)

65. WARRANT FOR GOODS, that is to say, Ten rupees. any instrument evidencing the title of any person therein named, or his assigns, or the holder thereof, to the property in any goods lying in or upon any dock, warehouse or wharf, such instrument being signed or certified by or on behalf of the person in whose custody such goods may be.

66. WORKS CONTRACT, that is to say, a contract for works and labour or services involving transfer of property in goods (whether as goods or in some other form) in its execution and includes a sub-contract—

(a) where the amount or value set forth Five hundred rupees. in such contract does not exceed ten lakh rupees;

(b) where it exceeds ten lakh rupees. Five hundred rupees plus 0.1 % of the amount above ten lakh rupees subject to maximum of twenty-five lakh.”. ———— ———— DROUPADI MURMU, President. —— —— DR. RAJPIrVe s MideAnNt. I, Secretary to the Govt. of India.

UPLOADED BY THE MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD, NEW DELHI–110002 AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI–110054.

MGIPMRND—714 GI—18.09.2026