Website development contract
l devi
(Querist) 03 September 2014
This query is : Resolved
Sir, I am from Hyderabad.the contract is made between client and the web developer for website development i would like to know weather contract drafted on letterhead of web developer company is valid one ? or do i need to attest stamps on it ? If i want to use a stamp paper, how much should be the value of stamp paper in AP state ?
Devajyoti Barman
(Expert) 03 September 2014
it is better to be executed in a stamp paper though agreement on letter head is very much valid.
l devi
(Querist) 03 September 2014
Thank you so much sir.
our contract is worth for Rs2,00,000.
Please advise us on what amount stamp paper the agreement should be made.
Do I need to buy the stamp paper or the web developer.
ajay sethi
(Expert) 03 September 2014
it is not necessary to enter into contract on stamp paper. if you want to execute contract on stamp paper purchase stamp paper in your name or that of developer .value of stamp paper would depend upon stamp act of your state
malipeddi jaggarao
(Expert) 03 September 2014
As per the A.P.State Stamp Act STAMP ACT SCHEDULE ANNEXURE SCHEDULE1-A it is Rs.100/- non-judicial stamp paper. Either you can purchase the stamp in the name of your firm or the web developer can purchase in the name of his firm.
It is better to notarize the agreement - Notary Public are available every where in Hyderabad especially in the court premises.
Rajendra K Goyal
(Expert) 03 September 2014
Agree with the advise of expert ajay sethi
Dr J C Vashista
(Expert) 03 September 2014
I agree with experts, it is advisable to get it drafted on a non-judicial stamp paper of Rs. 100/- and get it registered with sub-Registrar, (although it is optional).
Kumar Doab
(Expert) 03 September 2014
Agreed with experts.
Agreement of letterhead is valid.
Better to register it.
SATYANARAYANA K
(Expert) 05 September 2014
You have to execute on Rs.100/- Non Judicial Stamp paper by way of Agreement.
You may purchase in your Firm Name or Web Developer Firm name.
As per Indian Stamp Act any Agreement should be executed on Rs.100/- NJ Stamp paper. it is valid stamp duty to execute agreement.
As per Indian Stamp Act if any transaction exceeds Rs.100/- should be registered.
Better to Register before the Sub-Registrar Office to avoid future litigation.
T. Kalaiselvan, Advocate
(Expert) 06 September 2014
Agreed with the experts views on the subject, you may follow the advises rendered.
