Calculation of stamp papers in succession certificate

Querist : Anonymous (Querist) 06 January 2012 This query is : Resolved
How the rate of stamp paper is calculated in case of succession certificate.

Is there any act which provides the rate?

Is it different in various states??

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ajay sethi (Expert) 06 January 2012
it would be as per court fees act of your state .

ajay sethi (Expert) 06 January 2012
The court fees for a succession certificate calculated under the Indian Succession Act is zero for an asset valued less than Rs1000. For an asset valued between Rs 1,001 and Rs 50, 000, it is 2 per cent, for Rs 50,001 to Rs 2lakh it is 4 per cent, between 2lakh and Rs3 lakh it is 6 per cent and above Rs3 lakh it stands at 7.5 per cent with a maximum ceiling of Rs 75,000.

Sankaranarayanan (Expert) 06 January 2012
no room to give my suggestion to this query, already mr sethi furnished full details pertaining to your query.

prabhakar singh (Expert) 06 January 2012
Yes!it is different in various states.
Better check the schedule given in CF Act applicable in your state.

M/s. Y-not legal services (Expert) 06 January 2012
yes., stamp duty will be differ from state to state., so just consult with your local advocate.,

-tom-

Raj Kumar Makkad (Expert) 06 January 2012
Sethi has told the rates about his State whereas the rates of stamp duty on succession certificate are entirely different in my State.

It shall be better to enquire rates from local lawyer from where this certificate is to be obtained.

Sailesh Kumar Shah (Expert) 06 January 2012
agree with opinions of Ld.Experts.

Deepak Nair (Expert) 07 January 2012
I too agree with the experts. The rate of stamp duty differs from state to state.

Devajyoti Barman (Expert) 08 January 2012
To avoid hassles of calculating the court fees, you an pay the fixed highest court fees which is Rs 50,000/- in WB.

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