One of my relative's case is going on for getting succession certificate. It is at the stage where the Stamp Duty has to be paid for the value of the property. The value of the bank account is about Rs. 4 lak. This is in Maharashtra jurisdiction. The lawyer is asking for lumpsum 6% of the total amount. Which act is applicable for this calculation? What are the slabs for the calculation of the stamp duty? Is the calculation of asset value done on the date the stamp duty should be paid or when the case was filed? The case is going on for a long time so there is a big difference between both the amounts.
Thank you so much for your help.