Stamp Duty On Agreement In Madhya Pradesh

(iv) the machines should be operated under strict control and under the control of the official by an employee of the stamp collector`s office and, if necessary, in the offices of the sub-chancellor by the sub-chancellor; The machine can only be installed in one place, in front of the appropriate official or the deputy chancellor. (g) debt securities that are exported in accordance with a central excise duty law or the provisions adopted there. The registration of real estate includes two taxes – stamp duty and registration fees. Currently, stamp duty is 9.5 per cent and the registration tax is 3 per cent in the Land, which makes it the highest with 12.5 per cent. Although standard data are decided by the Indian Stamp Act of 1899, it is flexible enough to be accommodating on the basis of the state in which it is applied. In other words, the state has autonomy or a say in the tariff levied on a given document. It is established by the Indian Stamp (Madhya Pradesh) Amendment Act, 2014. On 26 August, the Government of Maharashtra decided to temporarily reduce stamp duty on housing units from 5 per cent to 2 per cent by 31 December 2020. Stamp duty from January 1, 2021 to March 31, 2021 will be 3 per cent, he said.

The decision was taken at the state cabinet meeting on 26 August. (vii) The stamp collector in the relevant riding receives prior authorization from the comptroller general of the registration for the periodic loading of the machine. The machine can only be reloaded by the stamp collector after receiving the inspector general`s sanction for this transfer. Registrations on the FM-1 form for each transfer are certified by the stamp collector in conjunction with the appropriate official or sub-chancellor. The specific order of the inspector general for the sanction of the transfer must be indicated against any registration relating to this transfer. The sanction of reloading must be requested by the stamp collector so that the machine does not remain inactive for more than a week if it is not recharged. (b) separate instruments for the sale of shares and the sale of corporate bonds and public associations; stamped with the words “Share Transfer.”