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V.RAJESHWAR (Advocate)     24 February 2010

Assignment under Stamp Act

dear members,

what is the stamp duty for deed of assignment and under what Article it covered in the Stamp Act.

rajeshwar.v



Learning

 7 Replies

Dhanashree (Lawyer)     30 April 2010

Stamp Duty on assignment of Movables:

 

NEW DELHI

WEST BENGAL

Rajasthan

Kerala

 

TAMIL NADU

KARNATAKA

MUMBAI

Article 23, Delhi Stamp Duty

 

3% of the consideration amt set forth in the instrument

 

3%

 

 

Article 23A, Schedule I-A

 

Depends upon where the property is situated.

 

 

Article 21, The Rajasthan Stamp Act,

1998,

 

½ % of the market value of the property

 

0.5%

 

 

Article 22 &21

Kerala Stamp Act, 

 

Six Rupees for every Rupees 100/- or part thereof; of the amount or value of the consideration for such conveyance

 

6%

 

 

 

Article 23, 

 

Seven rupees for every Rs 100/- or part thereof of the market value of the property which is the subject matter of conveyance

 

7%

 

 

 

Karnataka Stamp Act

 

Article No. 5(g),

2007 

 

Article 20(1)

 

Where a Conveyance is backed by a valid Title Insurance Policy issued by any Insurance Company recognized by IRDA, 7 % of market value.

=7%

 

Revised to Rs 7.5% 

 

Article 25(a) Bombay Stamp Act, 1958.

 

Rs 15/Rs 500/-

 

3%

 

* Stamp Duty of max Rs 1,00,000/- in case of assignment with underlying securities.

 

Dhanashree (Lawyer)     30 April 2010

 

Haryana

UP

Himachal Pradesh

 

Article 23 , Schedule I-A,

Article 23(B) , Schedule I-B,

Article 23, Schedule I-A,

 

 

Where it exceeds Rs 900  but does not exceed Rs 1000/-  

Rs 30/-

If relating to movable property where the amt or value of consideration does not exceed Rs 1000/

Rs 20/-

 

 

Where it exceeds Rs 900  but does not exceed Rs 1000

Rs 30/-

 

 

 

 

For Every Rs 500/-  or part thereof in excess of Rs 1000/- =

Rs 15/-                                                                                             

For Every Rs 500/-  or part thereof in excess of Rs 1000/

 

Rs 15/-

 

And for every Rs 1000/- or part thereof in excess of Rs 1000/- =

Rs 20/-

 

 

 

 

 

 

nisha sanjayan (advocate)     23 March 2011

what is the required stamp paper for LLP agreement

Raju m (Legal Back hand)     02 June 2011

deed of assingment to stamp duty

Raju m (Legal Back hand)     02 June 2011

i want how mauch pay for stump duty charges  to deed of assignment in Karnataka.

Vasudevamudaliar (Lawyer)     02 June 2011

Dear Dhanashree

 

Great job.  In the meanwhile could you pls let me know what would be the stamp duty for transferring of Non-performing assets throguh  a Deed of Assignment.  Eg.   i  am having  100 debtors who availed loans from me but defaulted the payment.   now i am selling the portfolio to  somebody for a consideration.  then what would be the stamp duty applicable in my case.

If you have  ready reconner like the above, i would be grateful to you.  

Vasudevamudaliar (Lawyer)     02 June 2011

0.1% on the value, up to the maximum amount of Rs.20000/-,

If it is registered one. For unregistered it is Rs.200/- only


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