Stamp duty assignment money decree
Divya
(Querist) 31 October 2016
This query is : Resolved
Respected Experts
I am the beneficiary of 50% rights in a money decree vide a new document of "deed of assignment of decree", suit decreed 2 years back and the original decree-holder wants to assign to me 50% rights vide this new document. Suit was for recovery of money of movable property already disposed off by debtors.
There are very tricky questions. Deed of Assignment is an instrument but not a document of conveyance as only 50% rights are transferred of the money decree.
1. Under such circumstance, does one pay stamp duty on this deed of assignment ??
2. Its a part transfer of rights, it is not a full conveyance or a full sale. Hence does stamp duty apply if its a part transfer of movable rights in decreed suit
Thankyou
P. Venu
(Expert) 01 November 2016
What is the opinion of your Lawyer!
Rajendra K Goyal
(Expert) 01 November 2016
In the given circumstances, the document is to be stamped as an agreement.
adv.bharat @ PUNE
(Expert) 01 November 2016
No need to pay stamp duty again if allready paid.
Rajendra K Goyal
(Expert) 01 November 2016
Amount of stamp duty to be paid on the document can be confirmed from registrar office/ local lawyer as differ from state to state.
