Home India Government of The National Capital Territory of Delhi Whereas in exercise of powers conferred by sub section 3 of ...
Date: 2016-10-25 Category: Extra Ordinary State: Union Government Country: India

Whereas in exercise of powers conferred by sub section 3 of Section 27 of the Indian Stamp Act

Issued by Government of The National Capital Territory of Delhi · Revenue Department

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Executive Summary & Key Takeaways

This notification, issued by the Revenue Department of the Government of the National Capital Territory of Delhi on October 24, 2016, concerns stamp duty on property transactions. It revokes Notification No. F.1953/Regn.Br./Div.Com(HQ)/2014/191, dated August 4, 2015, which had established minimum rates for stamp duty on the sale/transfer of agricultural land and land situated in riverbeds. The revocation is in response to the judgment dated August 4, 2016, of the High Court of Delhi in Writ Petition Civil No. 7934/2015. The notification is issued by order and in the name of the Lieutenant Governor of the National Capital Territory of Delhi and signed by A. Anbarasu, Secretary of Revenue. The original notification was issued in exercise of powers conferred by sub section 3 of Section 27 of the Indian Stamp Act, 1899 (2 of 1899) and Rule 4 of the Delhi Stamp (Prevention of Undervaluation of Instruments) Rules, 2007 read with the Ministry of Home Affairs, Government of India Notification No. S.O. 1726 No.F.2/1561/Judl II dated the 22nd July, 1961.

Key Entities Referenced

Indian Stamp Act, 1899: An act of the Parliament of the United Kingdom that codified the law relating to stamp duty. Delhi Stamp Prevention of Undervaluation of Instruments Rules, 2007: Rules pertaining to prevention of undervaluation of property instruments in Delhi. Ministry of Home Affairs: A ministry of the Government of India. National Capital Territory of Delhi: A union territory of India. High Court of Delhi: The High Court of Delhi. Lt. Governor of NCT of Delhi: The Lieutenant Governor of the National Capital Territory of Delhi. A. Anbarasu: Secretary Revenue, National Capital Territory of Delhi. Mayapuri, New Delhi: Location of the Government of India Press.
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