|
Article No.
|
Description of Instrument
|
Sub-clause
|
Proper Stamp Duty
|
|
1
|
Acknowledgement
|
(i)(a) Debt > ₹100 ≤ ₹5,000
|
₹2
|
| |
|
(i)(b) Debt > ₹5,000
|
₹2 + 0.002% above ₹5,000 (max ₹1,000)
|
| |
|
(ii) Letter, article, etc.
|
1% of amount charged
|
|
2
|
Administration Bond
|
(a) Amount ≤ ₹1,000
|
2% (min ₹100)
|
| |
|
(b) Otherwise
|
₹100
|
|
3
|
Adoption Deed
|
–
|
₹1,000
|
|
4
|
Affidavit
|
–
|
₹100
|
|
5
|
Agreement or Memorandum
|
(a) Sale of bill of exchange
|
0.01%
|
| |
|
(b) Purchase/sale of Government security
|
0.01%
|
| |
|
(c)(i) Shares via stock exchange
|
0.01%
|
| |
|
(c)(ii) Other cases
|
0.01% of the value of security at the time of purchase
|
| |
|
(d) Lease-cum-sale for building site
|
5% on market value equal to the security deposit and amount of annual average rent
|
| |
|
(da) Lease-cum-sale by BDA for flats
|
5% on market value equal to the security deposit and amount of annual average rent
|
| |
|
(e)(i) Sale of immovable property with possession
|
5% on market value
|
| |
|
(e)(ii) Sale of immovable property without possession
|
0.5% on market value, min ₹500
|
| |
|
(f) construction or development of immovable property including multi-storied house/apartment/JDA
|
2% on market value and money advanced
|
| |
|
(g)(i) sale of movable property with possession
|
3% of the consideration or market value
|
| |
(ii) sale of movable property without possession
|
0.10% of the consideration value, min. ₹500, max ₹20,000
|
| |
|
(h) relating to mortgage
|
See article 34
|
| |
|
(i)Contract with Depository Participant
|
₹50
|
| |
|
(i-a) Contract between Stockbroker/sub broker and client for stock market ops
|
₹50
|
| |
|
(i-b) Advertisement or telecasting or broadcasting of programs
|
0.1% (Min. ₹200)
|
| |
|
(i-c) Assignment or Transfer of IPR (patents, copyrights, trademarks)
|
0.1% (Min. ₹200)
|
| |
|
(i-d)(i) Works Contract (≤ ₹10 lakhs)
|
₹500
|
| |
|
(i-d)(ii) Works Contract (> ₹10 lakhs)
|
₹500 + 0.05% above ₹10 lakhs (max ₹10 lakhs)
|
| |
|
(i-e)(i) Chit Fund Agreement (≤ ₹1 lakh)
|
₹500
|
| |
|
(i-e)(ii) Hypothecation (> ₹1 lakh)
|
₹500 + 0.1% above ₹1 lakh
|
| |
|
(j) Other agreements
|
₹500
|
|
6
|
Agreement for Deposit of Title Deeds, Pawn or Pledge
|
(1)(i) Up to ₹10 lakhs
|
0.5% of loan/debt amount
|
| |
|
(1)(ii) Exceeding ₹10 lakhs
|
0.5% of loan/debt amount
|
| |
|
(2)(i) Up to ₹10 lakhs
|
0.5%
|
|
7
|
|
(2)(ii) Exceeding ₹10 lakhs
|
0.5% of loan/debt amount
|
|
Appointment in execution of a power
|
–
|
₹1000
|
|
8
|
Appraisement or Valuation
|
(a) Up to ₹1000
(b) Other cases
|
2% (min ₹100)
₹200
|
|
9
|
Apprenticeship-
|
–
|
₹100
|
|
10
|
Deed
Articles of Association
|
–
|
0.5%, (max ₹1 crore)
|
|
11
|
Award
|
(a) Immovable property
|
5% of the value (same as Conveyance [No.20(1)])
|
| |
|
(b)(i-iii)Movable property
|
1% of amount or market value
|
|
12
|
Bond
|
(a) Amount ≤ ₹1,000
|
2% (min ₹100)
|
| |
|
(b) Amount > ₹1,000
|
2% (min ₹100)
|
|
13
|
Bottomry Bond
|
–
|
2% (min ₹100)
|
|
14
|
Cancellation
|
(a) Cancellation of any instrument previously executed, on which stamp duty has been paid
|
Same duty as on the original instrument if it results in reconveyance of property
|
| |
(b) Cancellation of an instrument executed by/for the Central Government, State Government, Local Authority, or related
|
₹500
|
| |
|
(c) In any other case, including agreements, releases, revocations, surrenders, etc.
|
₹500
|
|
15
16
17
|
Certificate of Sale
Certificate or other document evidencing title or right to shares, scrip, or stock in a company or body corporate
Certificate of Enrolment as Advocate
|
(a) Purchase money<₹10
(b) Purchase money>₹10<₹25
(c) In any other case
–
|
₹1
₹1.50
5% of the value
0.1%
₹2,000
|
|
18
|
Charter-party
|
Any instrument (except agreement for hire of a tug-steamer) where a vessel or principal part thereof is let for specific purposes of charter, with or without penalty clause.
|
₹100
|
|
18-A
|
Clearance list
|
1. Purchase or sale of Government securities submitted to the clearing house of a stock exchange.
2. Similar transactions involving shares, scrip, stock, etc., submitted to a recognized stock exchange.
3. Similar transactions submitted to a non-recognized stock exchange
|
Duties chargeable as per Article 5 or 37, based on the value of securities at the making-up price or contract price
|
|
19
|
Composition Deed
|
–
|
₹500
|
|
20
|
Conveyance
|
(1) Conveyance on the market value of the property
(2) Instrument of conveyance by promoter/developer for land, flat or unit under cooperative society or company
|
5% of the value
5% of the value irrespective of construction stage
|
| |
|
(2-A) Conveyance relating to the first sale of flat/apartment
(i)Market value ≤ Rs. 20 lakhs
(ii)Market value > Rs. 20 lakhs and ≤ Rs. 35 lakhs
(iii)Market value > Rs. 35 lakhs and ≤ Rs. 45 lakhs
|
2% of the value
3% of the value
3% of the value
|
| |
|
(3)Conveyance involving BDA or Karnataka Housing Board for flats/apartments
|
5% on the market value
For lease-cum-sale agreement is stamped, additional conveyance duty of max ₹ 50 or difference in duty payable
|
| |
|
|
|
| |
(4) If relating to an order made by the High Court in respect of-
|
(i)Amalgamation of companies (incl. subsidiary with parent)
|
5% on market value of property of transferor company Or 5% on aggregate value of shares + consideration (if any) Whichever is higher, max ₹25 crores
|
| |
|
(ii) Reconstruction or demerger of company
|
5% on market value of property of transferor company Or 5% on aggregate value of shares + consideration (if any) Whichever is higher, max ₹25 crores
|
| |
EXEMPTION
|
Amalgamation of sick companies with others under Board of Industrial Finance and Reconstruction (BIFR)
|
|
| |
5) Conveyance relating to Industrial Machinery
|
(i) when treated as movable property
(ii) when treated as immovable property
|
3% of consideration/market value
5% of consideration/market value
|
| |
|
(6) Assignment of receivables
|
0.2% (₹2 per ₹1,000), max ₹5 lakhs
|
| |
|
(7) Transferable Development Rights
|
5% on the market value of TDR (equal to corresponding portion of property)
|
|
21
|
Copy of extract certified to be a true copy
|
(i) Original duty ≤ ₹5
|
₹20
|
| |
|
(ii) Other cases
|
₹50
|
|
22
|
Counterpart or Duplicate of any instruments
|
(a) Original duty ≤ ₹500
|
Same as original
|
| |
|
(b) Other cases
|
₹1,000
|
|
23
|
Customs Bond
|
(a) Amount ≤ ₹1,000
|
2% (min ₹100)
|
| |
|
(b) Other cases
|
₹100
|
|
24
|
Delivery Order for Goods
|
–
|
0.1% on value of goods
|
|
25
|
Divorce
|
–
|
₹500
|
|
26
|
Exchange of Property
|
–
|
5% on market value of greatest value which is subject matter of exchange
|
|
27
|
Further Charge
|
–
|
Varies by sub-clause
|
| |
|
(a)When the original mortgage is one referred to in clause (a) of Article No. 34 (i.e., with possession)
|
Duty same as a Conveyance ( 5% on market value equal to the amount of the further charge secured)
|
| |
|
(b) When the original mortgage is one referred to in clause (b) of Article No. 34 (i.e., without possession)
|
–
|
| |
|
(i) If at the time of execution of the further charge instrument, possession of the property is given/agreed
|
Duty same as Conveyance (5% on market value equal to the amount of further charge including original amount)
|
| |
|
(ii)If possession is not given and it is not a hypothecation
|
0.5% of further charge secured by such instrument
|
| |
|
(iii) For hypothecation
|
Duty same as sub-clause (d) of Article No. 34 (0.5%)
|
|
28
|
Gift
|
(a) Donee is not a family member of Donor
|
5% on market value of property
|
| |
|
(b)Donee is a family member of Donor (Father, mother, husband, wife, son, daughter, daughter-in-law, brothers, sisters, and grandchildren)-
(i) property is situated within the limits of BBMP
|
₹5,000
|
| |
|
(b)(ii) property is situated within the limits of City or Town Municipal
|
₹3,000
|
| |
|
(b)(iii) property is situated within the limits other than the limits specified
|
₹1,000
|
|
29
|
Indemnity Bond
|
–
|
2%
|
|
30
|
Lease of Immovable/Movable Property
|
–
|
|
| |
|
(1) Immovable Property
(i) Less than 1 year (Residential)
(ii)Less than 1 year for Commercial Properties
|
0.5% of total rent or premium, maximum ₹500
0.5% of total rent or premium, money advanced
|
| |
|
(iii)1–10 years
|
1% of total rent or market value, whichever is higher
|
| |
|
(iv) 10-20 years
|
2% of total rent or market value
|
| |
|
(v)20–30 years
|
3% of total rent or market value
|
| |
|
(vi) Above 30 years or perpetual
|
5% of market value of the property
|
| |
|
| |
(2) Movable Property
|
(a)(i) Rent fixed, no premium, up to 10 years
|
1% of 10-year average annual rent, max ₹2 lakhs
|
| |
|
(a)(ii) Rent fixed, no premium, over 10 years
|
1.5% of average annual rent, max ₹2 lakhs
|
| |
|
(b) Premium or advance, no rent
|
1.5% of premium or advance, max ₹2 lakhs
|
| |
|
(c )Premium or advance plus rent
|
1.5% of premium or advance + duty on rent (as above), max ₹2 lakhs
|
| |
(3) Mining Lease
|
(a) Granted through Auction
(i) Term of Lease>1<10 Years
|
1% of the total value of average annual royalty and average annual payment based on the final price offer in auction
|
| |
|
(ii) Term of Lease>10<20 Years
|
2% of the total value of average annual royalty and average annual payment based on the final price offer in auction
|
| |
|
(iii) Term of Lease>20<30 Years
|
3% of the total value of average annual royalty and average annual payment based on the final price offer in auction
|
| |
|
(iv) Term of Lease>30 Years or in perpetuity
|
5% of the total value of average annual royalty and average annual payment based on the final price offer in auction
|
| |
(b) Mining Lease granted other than by auctions
|
(i) Term of Lease>1<10 Years
|
1% of the total value of average annual royalty and average annual payment based on the final price offer in auction
|
| |
|
(ii) Term of Lease>10<20 Years
|
2% of the total value of average annual royalty and average annual payment based on the final price offer in auction
|
| |
|
(iii) Term of Lease>20<30 Years
|
3% of the total value of average annual royalty and average annual payment based on the final price offer in auction
|
| |
|
(iv) Term of Lease>30 Years or in perpetuity
|
5% of the total value of average annual royalty and average annual payment based on the final price offer in auction
|
|
31
|
Letter of Allotment
|
–
|
₹10
|
|
32
|
Letter of License
|
–
|
₹100
|
|
32-A
|
License of Property
|
(i) Not exceeding 1 year for Residential Property
|
0.5% of total value of the average rent, premium, fine and money advanced (Max. ₹500)
|
| |
|
(ii)Not exceeding 1 year for Commercial or industrial property
|
0.5% of total value of the average rent, premium, fine and money advanced (Min. ₹50)
|
| |
|
(iii)Term 1 year upto 10 years
|
1.0% of total value of the average rent, premium, fine and money advanced (Min. ₹100)
|
| |
|
(iv) Term > 10 years and ≤ 20 years
|
2.0% of total value of the average rent, premium, fine and money advanced (Min. ₹200)
|
| |
|
(v)Term > 20 years and ≤ 30 years
|
3.0% of total value of the average rent, premium, fine and money advanced (Min. ₹300)
|
|
33
|
Memorandum of Association
|
(a) With Articles
|
₹5,000
|
| |
|
(b) Without Articles
|
Same as Articles (No.10) i.e. 0.5%, (max ₹1 crore)
|
|
34
|
Mortgage Deed (excluding deposit of title deeds, pawn, pledge, etc.)
|
(a) With possession
|
5% of the value
|
| |
|
(b) Without possession
|
0.5% of amount secured by deed
|
| |
|
(c)(i) Collateral security ≤ ₹1,000
|
₹50
|
| |
|
(c)(ii) Collateral > ₹1,000
|
₹50 + 0.5% above ₹1,000
|
| |
|
(d)(i) Hypothecation of movable property ≤ ₹10 lakhs
|
0.5%
|
| |
|
(d)(ii) Hypothecation of movable property > ₹10 lakhs
|
(0.5%)
|
|
35
|
Mortgage of a Crop
|
(a)Repayment within 3 months
(a)(i) Up to ₹ 200
(a)(ii) For every additional ₹ 200 or part thereof
(b) Repayment between 3 to 18 months
(a)(i) Up to ₹ 100
(a)(ii) For every additional ₹ 100 or part thereof
|
₹ 0.50
₹ 0.50
₹ 0.50
₹ 0.50
|
|
36
|
Notarial Act
|
–
|
₹10
|
|
37
|
Note or Memorandum of Records of Transaction
|
(a)Goods, commodities, or currencies
(b)Share, scrip, stock, bond, debenture, or other marketable security (not Government security)
(c )Government securities
(d)Other securities (not covered under clause b), including jobbing and trading transactions
(e) Futures and options trading of other securities (excluding clause b)
(f) Forward contracts of commodities
|
0.003% of the transaction value
0.003% of the transaction value
0.003% of the transaction value
0.003% of the transaction value
0.003% of the transaction value
0.003% of the transaction value
|
| |
|
|
|
|
38
|
Note of Protest by the Master of a Ship
|
–
|
₹50
|
|
39
|
Partition
|
(a)The property involved in partition is meant for Non-agricultural use
(1) property is situated in the jurisdiction of Municipal Corporation
|
₹5,000 per share
|
| |
|
(2) property is situated in areas other than those mentioned in sub- clause (1)
|
₹3,000 per share
|
| |
|
(b) property involved in the partition is agricultural land
|
₹1,000 per share
|
| |
|
(c) property involved in the partition is Movable property/money
|
₹1,000 per share
|
| |
|
(d) Combination
|
Maximum of (a), (b), or (c)
|
|
40
|
Partnership
|
|
|
| |
|
A. Instrument of Constitution
|
₹2,000
|
| |
|
B(a) Reconstitution with immovable property
|
5% on the market value of immovable property
|
| |
|
B(b) Other reconstitution
|
₹2,000
|
| |
|
C(a) Dissolution
|
5% on the market value of property distributed
|
| |
|
C(b) Other cases
|
₹2,000
|
|
40-A
|
Limited Liability Partnership
|
A(a) Capital ≤ ₹10 lakhs
|
₹5,000
|
| |
|
A(b) Capital > ₹10 lakhs
|
₹5,000 + 0.2% above ₹10 lakhs, max ₹25 lakhs
|
| |
|
B. Reconstruction /amalgamation
|
5% on the consideration or market value of the property
|
|
41
|
Power of Attorney
|
(a) For registration
|
₹500
|
| |
|
(b) Single transaction
|
₹500
|
| |
|
(c) When authorizing up to 5 persons
|
₹500
|
| |
|
(d) When authorizing 5 to 10 persons
|
₹1,000
|
| |
|
(e) Sale of immovable property
|
5% of the market value of the property
|
| |
|
(ea) Development /construction of immovable property
|
2% on market value of immovable property
|
| |
|
(eb) Given to a person other than family member for sale of immovable property in Karnataka
|
5% on market value
|
| |
|
(ec) Given to a person other than family member for sale of TDR
|
5% on market value
|
| |
|
(f) Executed by a principal or client for authorizing the agent or broker to carry out all lawful acts and deeds relating to their trading operations
|
₹100
|
| |
|
(g) Executed by a principal or client for authorizing the depository participanto carry out all lawful acts and deeds relating to their Demat account operations
|
₹100
|
| |
|
|
|
| |
|
(h) Other cases
|
₹500
|
|
42
|
Protest of Bill or Note
|
–
|
₹ 10
|
|
43
|
Protest by Master of the Ship
|
–
|
₹ 50
|
|
44
|
Re-conveyance of Mortgaged Property
|
(a) consideration does not exceed Rs.1000
(b) any other case
|
5% of the value
₹200
|
|
45
|
Release
|
(a) Non-family members
|
5% of the value
|
| |
|
(b)Between family members
(i)property is situated within limits of Bruhat Bangalore Mahanagara Palike
|
₹5,000
|
| |
|
(ii) property is situated within the limits of City or Town Municipal Council
|
₹3,000
|
| |
|
(b) property is situated within the limits other than the limits specified in items (i) and (ii)
|
₹1,000
|
| |
|
(c) Release of mortgage rights or lien
|
2% (Max.₹200)
|
|
46
|
Respondentia Bond (any instrument securing loan on the cargo on board a ship)
|
–
|
2% of the amount of loan secured
|
|
47
|
Security Bond
|
(a)Security Amount upto ₹1000
|
2%
|
| |
|
(b) in any other case
|
₹500
|
|
48
|
Settlement
|
A.(i) Non-distribution
|
5% of the value
|
| |
|
A.(ii) Distribution
|
₹1,000
|
| |
|
B. Revocation
|
5% of the value, max ₹200
|
|
49
|
Share Warrants to bearer issued under the Companies Act, 1956
|
–
|
One and a half times the duty payable on a Conveyance (Art. 20) for market value equal to nominal amount specified in the warrant
i.e. 0.075%
|
|
50
|
Shipping order for or relating to the Conveyance of Goods
|
–
|
₹2
|
|
51
|
Surrender of Lease
|
(a) Lease duty ≤ ₹22.50
|
Same as lease duty
|
| |
|
(b) Other cases
|
₹200
|
|
52
|
Transfer
|
(a) Debentures
|
0.5% of face value, max ₹1,000
|
| |
|
(b)(i) Bond/mortgage-deed ≤ ₹22.50
|
The duty with which such bond, mortgage deed is chargeable
|
| |
|
(b)(ii) Other cases
|
₹200
|
| |
|
(c) of any property under section 25 of the Administrator Generals Act, 1963
|
₹200
|
| |
|
(d) Trust property from one trust to another trust or from Trust to trustee or beneficiary, or vice versa
|
5% on market value; ₹1,000 for charitable trusts
|
|
53
|
Transfer of Lease
|
(a) Lease ≤ 30 years
|
5% on market value
|
| |
|
(b) Lease > 30 years
|
5% on market value
|
|
54
|
Trust Declaration
|
(i) Public religious/charitable purposes
|
₹2,000
|
| |
|
(ii) Management of properties
|
₹2,000
|
| |
|
(iii) Transfer/dispositon of property
|
5% on market value
|
|
55
|
Warrant of Goods
|
–
|
₹50
|
|
56
|
Bank Guarantee
|
(i) Paper bank guarantee
|
₹300
|
| |
|
(ii) E-bank guarantee
|
₹200
|
