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Stamp-Duty-in-India-State-wise-Rates-and-Online-Services
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Stamp Duty in India: State-wise Rates and Online Services
Overview
Stamp duty ensures that legal documents are valid and admissible in court. Each state in India has its own regulations and rates concerning stamp duty. Below is a detailed tabular representation of state-wise stamp duty rates and available online services.
State-wise Stamp Duty Rates
| State | E-stamp Paper | Physical Stamp Paper | Common Uses |
|---|---|---|---|
| Haryana | Available online for Rs 101 and above via e-Grass. | Values of Rs 100 or less from physical vendors. | Rs 101 for affidavits, MOUs, agreements. |
| Maharashtra (Mumbai and Pune) | - | Only Rs 100 and Rs 500 available. | Rs 100 for general agreements. |
| Rajasthan | - | Starting from Rs 50 for affidavits, Rs 100 for agreements (with 40% surcharge). | Rs 50 for affidavits, Rs 100 + surcharge for agreements. |
| West Bengal | - | Starting from Rs 20 for affidavits, commonly Rs 50 and Rs 100 for agreements. | Rs 20 for affidavits, Rs 50/Rs 100 for agreements. |
| Gujarat | - | Rs 50 for affidavits, Rs 300 for agreements. | Rs 50 for affidavits, Rs 300 for agreements. |
Online E-Stamping
| State | Availability |
|---|---|
| Delhi | Available via the official government portal. |
| Karnataka | Available via e-stamping services. |
| Tamil Nadu | Available via e-stamping services. |
| Maharashtra | Available via e-stamping services. |
| West Bengal | Available via e-stamping services. |
| Haryana | Available via e-stamping services. |
| Others | Assam, Chhattisgarh, Chandigarh, Dadra and Nagar Haveli, Daman and Diu, Uttar Pradesh, Gujarat, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Uttarakhand, Puducherry, Punjab, Rajasthan, Odisha, Tripura, Andhra Pradesh, Telangana. |
Stamp Duty Rates for Transactions
| Transaction Type | Rate | Example Calculation |
|---|---|---|
| Issue of Debenture | 0.005% | Rs 500 for Rs 1,000,000 worth of debentures. |
| Transfer and Re-issue of Debenture | 0.0001% | Rs 100 for Rs 1,000,000 worth of debentures. |
| Issue of Security Other Than Debenture | 0.005% (0.1% in Maharashtra, Delhi, Karnataka) | Rs 1,000 for Rs 1,000,000 worth of shares in Karnataka. |
| Transfer of Security on Delivery Basis | 0.015% | Rs 1,500 for Rs 1,000,000 worth of shares. |
| Share Purchase Agreement | 0.01% or Rs 1 for every Rs 10,000 (max Rs 1,000) | Rs 20 for Rs 200,000 worth of shares. |
| Share Subscription Agreement | 0.2% if amount > Rs 10 lakhs or Rs 1 for every Rs 10,000 (max Rs 1,000) | Rs 3,000 for Rs 1,500,000 worth of shares. |
| Debenture Subscription Agreement | 0.2% if amount > Rs 10 lakhs, Rs 50 in Maharashtra, Rs 100 in Haryana | Rs 4,000 for Rs 2,000,000 worth of debentures in Haryana. |
Vendors for Online Services
| Vendor | Website |
|---|---|
| eDrafter Services | eDrafter |
| Esahyak | Esahyak |
| Doxguru | Doxguru |
| Stock Holding Corporation of India Limited | SHCIL |
Frequently Asked Questions (FAQs)
| Question | Answer |
|---|---|
| Is stamp duty applicable on the bonus issue of shares? | No, stamp duty is not applicable as these are issued free to existing shareholders. |
| Is there an expiry date for stamp papers? | Generally, validity is six months from purchase date in certain states. Documents on stamp papers bought on different dates by the same person are valid (Thiruvengada Pillai v. Navaneethammal AIR 2008 SC 1541). |
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Article Compiled by:-
~Mayank Garg
+91 9582627751
(LegalMantra.net Team)
Disclaimer: Every effort has been made to avoid errors or omissions in this material in spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition In no event the author shall be liable for any direct indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information Many sources have been considered including Newspapers, Journals, Bare Acts, Case Materials , Charted Secretary, Research Papers etc.