Haryana Government increases stamp duty rates for various instruments under the Indian Stamp (Haryana Amendment) Act, 2018

Haryana Government increases stamp duty rates for various instruments under the Indian Stamp (Haryana Amendment) Act, 2018

October 26, 2018 Haryana, Industries, OPS 6

The Law and Legislative Department, Haryana has, by a notification dated 4th October, 2018, notified the Indian Stamp (Haryana Amendment) Act, 2018 (“Amendment Act”) amending the Indian Stamp Act, 1899. The amendment is effective since September 24, 2018.

Background:

The rates of stamp duty payable in Haryana were stamps of small denominations, fixed since 1967. During all these years, the rates of stamp duty for the neighbouring States of Haryana have been revised. Therefore, to keep up, it was necessary for the State of Haryana to revise the rate of stamp duty payable on the various Articles/documents in the State.

Accordingly, the State Government of Haryana, intending to enhance the rate of stamp duty under Articles No. 1, 2, 3, 5, 7, 8, 10, 11, 12, 17, 22, 24, 25, 26, 29, 34, 39, 42, 46, 48, 50, 57, 60, 61, 64 and 65 of Schedule 1-A of the Act, notified the Indian Stamp (Haryana Amendment) Act, 2018.

The Amendment Act amends Schedule 1-A to the Indian Stamp Act, 1899 revising the stamp duty payable on different instruments/documents in the State, including the following:

Sl No. Article Name of Instrument Prevailing Rate Proposed New Rate
1. Article 10 (a)  

 

Article of Association

Rs.60/- Rs.1000/-
Article 10(b) Rs.1020/- Rs. 2000/-
2. Article 5(c) Agreement or memorandum of an agreement if relating to sale of immovable property Rs.2.25/- Rs.2000/-
3.  

Article 48(a)

Power of Attorney when executed for the sole purpose 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  

Rs.1.50/-

 

Rs.1000/-

4. Article 46A(a)  

 

Instrument of Partnership

Rs. 3.75/- Rs.1000/-
Article 46A(b) Rs.22.50/- Rs.1000/-
5.  

Article 34

 

Indemnity bond

Rs. 15 Rs.100/-


Source:
 Law and Legislative Department, Haryana

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6 Comments

  1. Rahul Jagga

    April 13, 2019
    Reply

    How much stamp duty on collaboration agreement

    • Lexplosion

      April 16, 2019
      Reply

      This will depend on the state/city in which you are executing AND proposing to store the document. You may refer to the Schedule of the Indian Stamp Act or Bombay Stamp Act (for Maharashtra) as the case may be. Please get in touch with us at inquiries@lexplosion.in if you would like to know more details.

  2. M.S.N.MURTHY

    May 27, 2019
    Reply

    WHAT IS THE STAMP DUTY PAYABLE ON WORKS CONTRACT AGREEMENT IN THE YEAR 2011

    • Lexplosion

      May 29, 2019
      Reply

      Please mail your query in details at inquiries@lexplosion.in

  3. Arvind Raj

    June 11, 2019
    Reply

    What is the stamp duty for hypothecation agreement

    • Lexplosion

      June 12, 2019
      Reply

      Please mail your query in details at inquiries@lexplosion.in

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