determination of stamp duty

neelam desai (Querist) 24 December 2008 This query is : Resolved
Certain debentures were issued from Gujrat, Delhi & Daman. These debentures need to be trnasferred from Transferor to Transferee. Both Trnasferor and Transferee are based in Mumbai, though the Companies Issued debentures are in are in different states as mentioned.

While trnasferring the debentures how the stamp duty has to be arrived at ? Which stamp Act need to be referred to? The duty would be applicable as per the state in which execution of instrument (transfer deed), i.e. mumbai, was carried out or the place of the regd office of the Issuers?

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