SCHEDULE 1 -A”

Description of Instrument Proper Stamp Duty

1. ACKNOWLEDGEMENT of a debt exceeding twenty One rupee

rupees in amount or value, written or signed by or on
behalf of a debtor in order to supply evidence of such
debt in any book (other than a banker’s Pass Book)
or on a separate piece of paper when such book or
paper is left in the creditors possession.

PROVIDED that such acknowledgement does not

contain any promise to pay the debt or any
stipulation to pay interest or to deliver any goods or
other property

2. ADMINISTRATION BOND including a bond given

u/s 6 of the Govt. Saving Bank Act, 1873, or sections
291, 375 and 376 of the Indian Succession Act, 1925.

(a) Where the amount does not exceed Rs.1000. The same duty as Bond No.15
for such amount.

(b) In any other case: One hundred rupees

3. ADOPTION DEED that is to say, any instrument (other Fifty rupees

than a Will), recording an adoption, or conferring or
purporting to confer an authority to adopt.

ADVOCATE – See Entry as an Advocate (No. 39)

4. AFFIDAVIT including an affirmation or Declaration in Ten rupees.
the case of persons by law allowed to affirm or declare
instead of Swearing.

Exemptions

Affidavit or declaration in writing when made:

(a) As a condit ion of enrolment under the Army Act,

1950, or Air Force Act, 1950;

(b) For the immediate purpose of being filed or used in

any court or before the officer of any court; or

(c) For the sole purpose of enabling any person to

receive any pension or charitable allowance.

5. AGREEMENT OR MEMORANDUM OF AN
AGREEMENT

(a) If relating to the sale of a bill of exchange; One rupee for every Rs.10,000
or part thereof.

(b) If relating to the sale of a Government Security or One rupee for every Rs.10000
share in an incorporated company or other body or part thereof the value of the
corporate. security share subject to
maximum Rs.1000

(c) If not otherwise provided for; Fifty rupees.

 Exemptions

Agreement or memorandum of agreement:-

(a) For or relation to the sale of goods or merchandise

exclusively, not being a Note or Memorandum
chargeable under No. 43;

(b) Made in the form of tenders to the Central Govt.

for or relating to any loan.

6. AGREEMENT TO LEASE – See Lease (No. 35):

Agreement Relating To Deposit of Title Deed Pawn or

Pledge, that is to say, any Instrument evidencing an
agreement relating to -

(1) The deposit of title -deeds or instruments

constituting or being evidence of the title to any
property whatever (other than a marketable
security), or,

(2) The pawn or pledge of moveable property, where

such deposit, pawn or pledge has been made by
way of security for the repayment of money
advanced or to be advanced by way of loan or an
existing or future debt:-
 (a) If such loan or debt is repayable on demand or 0.5 percent of the amount
more than three months from the date of the secured by such deed, subject
instrument evidencing the agreement:- to a maximum of fifty thousand
rupees.

(b) If such loan or debt is repayable not m ore than Half the duty payable under
three months from the date of such sub-clause (a).
instrument.

Exemption

Instrument of pawn or pledge of goods if

unattested

7. APPOINTMENT IN EXECUTION OF A POWER whether One hundred rupees.

of trustees or of property, moveable or immoveable,
where made by any writing not being a will.

8. APPRAISEMENT OR VALUATION made otherwise than

under an order of the Court in the course of a suit:-

(a) Where the amount does not exceed Rs.1000. The same duty as Bottomary
Bond (No.16) for such amount

(b) In any other case Fifty rupees

 Exemptions

(a) Appraisement of valuation made for the

information of one party only, and not being in
any manner obligatory between parties either by
agreement or operation in law.

(b) Appraisement of crops for the purpose of

ascertaining the amount to be given to a landlord
as rent.

9. APPRENTICESHIP DEED including every writing Ten rupees

relating to the service or tuition of any apprentice,
clerk or servant placed with any master to learn any
profession, trade or employment, not being articles of
Clerkship (No.11)

Exemption
Instrument of apprenticeship executed by a Magistrate
under the Apprentices Act, 1950, or by which a person
is apprenticed by, or at the change of, any public
charity.

10. ARTICLES OF ASSOCIATION OF A COMPANY :-

(a) When the authorized capital of the company does 0.15% of the Authorised share
not exceed one lac capital with a monetary ceiling
of Rs.25 Lakhs.

(b) In other cases

 Exemption
Articles of any Association not formed for profit and
registered under section 25 of the Companies Act,
1956.

See also Memorandum of Association of a Company

(No.39).

11. ARTICLES OF CLERKSHIP or contract whereby any Four hundred rupee

person first becomes bound to serve as a clerk in order
to his admission as an attorney in any High Court.

ASSIGNMENT:- See conveyance (No.23). Transfer

No.62 and Transfer of Lease No.63, as the case may
be.

ATTORNEY:- See entry as an Attorney No.30 and

power of Attorney (No.48)

AUTHORITY TO ADOPT – See Adoption Deed (No.3)

12. AWARD that is to say, any decision in writing by an

arbitrator or umpire, not being an award directing a
partition on a reference made otherwise than by an
order of the court in the course of a suit:-

(a) Where the amount or value of the property to The same duty as a bond No.15
which the award relates as set forth in such for such amount.
award, does not exceed Rs.1000,
 (c) If it exceeds Rs.1000, but does not exceed One rupee for every one
Rs.5000. And for every additional Rs.1000/- or part thousand rupees or part thereof
thereof in excess of Rs.5000/- of the value of the property to
which the award relates.

13 Bill of Exchange as defined by section 2(2) not being

a BOND, bank-note or currency note-

(a) where payable otherwise than on demand –

(i) where payable not more than three months after

date or sight –

if the amount of the bill or note does not exceed One rupees twenty five paise.
Rs.500;

if it exceeds Rs.500 but does not exceed Rs.1,000; Two rupees fifty paise.

and for every additional Rs.1,000 or part thereof in Two rupees fifty paise
excess of Rs.1,000;

(ii) where payable in more than three months but not

more than six months after date or sight –

if the amount of the bill or note does not exceed Two rupees fifty paise
Rs.500

if it exceeds Rs.500 but does not exceed Rs.1,000; Five rupees.

and for every additional Rs.1,000 or part thereof in Five rupees
excess of Rs.1,000;

(iii) where payable in more than six months but not

more than nine months after date or sight –

if the amount of the bill or note does not exceed Three rupees seventy five
Rs.500; paise.

if it exceeds Rs.500 but does not exceed Rs.1,000; Seven rupees seventy five paise

and for every additional Rs.1,000 or part thereof in Seven rupees fifty paise.
excess of Rs.1,000;

(iv) where payable in more than nine months but not

more than one year after date or sight –

if the amount of the bill or note does not exceed Five rupees
Rs.500;

if it exceeds Rs.500 but does not exceed Rs.1,000; Ten rupees

and for every additional Rs.1,000 or part thereof in Ten rupees

excess of Rs.1,000;

(v) where payable in more than one year after date or

sight –

if the amount of the bill or note does not exceed Ten rupees
Rs.500;

if it exceeds Rs.500 but does not exceed Rs.1,000; Twenty rupees

 and for every additional Rs.1,000 or part thereof in Twenty rupees
excess of Rs.1,000;

14 Bill of Lading (including a through bill of lading)

Exemptions

(a) Bill of lading when the goods therein described are Two rupee.
received at a place within the limits of any port as N.B.- If a bill of lading drawn in
defined under the Indian Ports Act, 1889 (10 of 1889), parts, the proper stamp
and are to be delivered at another place within the therefore must be borne by
limits of the same port; each one of the set.

(d) Bill of lading when executed out of India and

relating to property to be delivered in India.

15 BOND as defined by section 2(5) not being a 2% and 0.5% on bond issued
DBENTURE (No.27) and not being otherwise by the local authority
Provide for by this Act or by the court fees Act, 1870 –
See Administration Bond (No.2) Bottomry Bond
(No.16) Customs Bond (No. 26), Indemnity Bond (No.
34), Respondentia Bond (No. 56), Security Bond (No.
57)

Exemption: Bond when executed by any person for the

purpose of guaranteeing that the local income derived
from private subscription to a charitable dispensary or
hospital or to any other object of public utility shall not
be less than a specified sum per mensem.
16 BOTTOMRY BOND that is to say, any instrument The same duty as a Bond No.15
whereby the master of a sea-going ship borrow money for the same amount
on a security of the ship to enable him to preserve the
ship or persecute her voyage.

17 CANCELLATION – Instrument of (including any One hundred rupees

instrument by which any instrument previously
executed is cancelled) if attested and not otherwise
provided for.

See also Release (No.55), Revocation of settlement

(No.58-B), Surrender of lease (No.61), Revocation of
Trust (No. 64-B).

18 CERTIFICATE of sale (in respect of each property put The same duty as Conveyance
up as a separate lot and sold), conveyance duty as to (No.23) for a consideration
the purchaser of any property sold by public auction equal to the amount of the
by a civil of revenue court, or Collector or other purchase money only.
revenue officer

19 CERTIFICATE OR OTHER DOCUMENT evidence the One rupee for every one
right or title of the holder thereof, or any other person, thousand, or a part thereof, of
either to any shares, one thousand stock in or of any the value of the shares, scrip or
incorporated Co. or other body corporate or to become stock.
proprietor of shares, scrip or stock in or of any such
Company or body.

See also LETTER OF ALLOTMENT OF SHARES No. 36

20 CHARTER PARTY that is to say any instrument (except Fifty rupees
an agreement for the hire of a tug steamer), whereby
a vessel or some specified principal part thereof is let
for the specified purpose of the charter, whether it
includes a penalty clause or not

20A CHIT AGREEMENT is agreement relating to a chit as Five rupees

defined in clause (2) of section 2 of the Madras Chit as
defined in clause (2) of section 2 of the Madras Chit
Fund Act, 1961 as extended to the Union Territory of
Delhi, if either such agreement is executed or the chit
is conducted in the Union Territory of Delhi.

22 COMPOSITION DEED that is to say, any instrument One hundred rupees

executed by a debtor whereby he conveys his property
for the benefit of his creditors, or whereby payment of
a composition or dividend on their debts is secured to
the creditors or whereby provision is made for the
continuance of the debtor’s business under the
supervision of inspectors or under letters of license, for
the benefit of his creditors.

23 CONVEYANCE as defined by Sec 2(10) not being a 5% of the consideration amount

transfer charged or exempted under No.62- set forth in the instrument
 Exemption Further reduced from 5% to 3
% in respect of conveyance
Assignment of copy right under the copy right Act, sale and Agreement to sale in
1957 Sec 18 cases of the purchase of
immovable property by women,
CO-PARTNERSHIP-DEED, see partnership (No.46) either individually or severally.

24 COPY OR EXTRACT certified to be true copy or extract,

by or by order of any public officer and not chargeable
under law for the time being in force relating to court
fees-

(i) If the original was not chargeable with duty or if Ten rupees
the duty with which it was chargeable does not
exceed two rupees:

(ii) In any other case not falling within the provision Ten rupees
of section 6-A

Exemptions

(a) Copy of any paper, which a public officer is

expressly required by law to make or furnish for
record in army public office or for any public
purpose.
(b) Copy of, or extract from any register relating to
births, baptisms, naming, dedications, marriages,
divorces, deaths or burials
25 COUNTERPART OR DUPLICATE of any instrument
chargeable with duty in respect of which the proper
duty has been paid-

(a) if the duty with which the original instrument is Ten rupees
chargeable does not exceed two rupees

(b) In any other case not falling within the provision of Ten rupees
Section 6-A

Exemption

Counterpart of any lease grant to a cultivator, when

such lease is exempted from duty

26 CUSTOM BOND

(a) Where the amount does no exceed Rs.1000 the same duty as Bond No 15
for such amount

(b) In any other case One hundred rupees

27. Debenture (whether a mortgage debenture or not),
being a marketable security transferable –

(a) by endorsement or by a separate

instrument of transfer –

where the amount or value does not exceed Rs.10; Twenty paise

where it exceeds Rs.10 and does not exceed Rs.50; Forty paise.
Ditto 50 Ditto 100; Seventy five paise
Ditto 100 Ditto 200; One rupee fifty paise
Ditto 200 Ditto 300; Two rupee twenty five paise
Ditto 300 Ditto 400; Three rupees
Ditto 400 Ditto 500; Three rupees seventy five paise
Ditto 500 Ditto 600; Four rupees fifty paise.
Ditto 600 Ditto 700; Five rupees twentyfive paise.
Ditto 700 Ditto 800; Six rupees
Ditto 800 Ditto 900 Six rupees seventy five paise
Ditto 900 Ditto 1000 Seven rupees fifty paise
And for every Rs.500 or part thereof in excess of Rs.1000 Three rupees seventy five paise
 (b) by delivery –

where the amount or value of the consideration for Seventy five paise
such debenture and set forth therein does not exceed
Rs.50

where it exceeds Rs .50 but does not exceed Rs.100 One rupees fifty paise

Ditto 100 Ditto 200 Three rupees

Ditto 200 Ditto 300 Four rupees fifty paise.
Ditto 300 Ditto 400 Six rupees
Ditto 400 Ditto 500 Seven rupees fifty paise
Ditto 500 Ditto 600 Nine rupees
Ditto 600 Ditto 700 Ten rupees fifty paise
Ditto 700 Ditto 800 Twelve rupees
Ditto 800 Ditto 900 Thirteen rupees fifty paise
Ditto 900 Ditto 1000 Fifteen rupees

And for every Rs.500 or part thereof in excess of Rs.1000. Seven rupees fifty paise

Explanation – The term “Debenture” includes any interest

coupons attached thereto but the amount of such coupons
shall not be included in estimating the duty
Exemption

A debenture issued by an incorporated company or other

body corporate in terms of registered mortgage-deed, duly
stamped in respect of the full amount of debentures to be
issued there under, whereby the company or body borrowing
makes over, in whole or in part, their property to trustees for
the benefit of the debenture holder:
Provided that the debenture so issued are expressed to be
issued in terms of the said mortgage-deed.
28. DELIVERY ORDER IN RESPECT OF GOODS that is to One rupee
say any instrument entitling any person therein
named, or his assigns or the holder thereof, to the
delivery of any goods lying in any dock or port, or in
any warehouse in which goods are stored or deposited
on rent or hire or upon any wharf such instrument
being signed by or on behalf of the owner of such
goods upon the sale of transfer of the property
therein, when such goods exceed twenty rupees in
value.

DEPOSIT OF TITLE DEEDS – See Agreement relating

to Deposit of Title Deeds, Pawn or Pledge (No.6)

DISSOLUTION OF PARTNERSHIP – See Patnership

(No.46)

29 DIVORCE instrument of – that is to say, any One hundred rupees

instrument by which any person effects the dissolution
of his marriage, Dower instrument of – see settlement
(No.58)

DUPLICATE – See counter part No.25

30 ENTRY AS AN ADVOCATE, VAKIL OR ATTORNEY ON

THE ROLL OF THE HI GH COURT.

(UNDER THE INDIAN Bar Councils Act, 1926, or in

exercise of powers conferred on such Courts by Letters
Patent or by the Legal Practitioners Act, 1884)
 (a) In the case of an Advocate or Vakil Five hundred rupees

(b) In the case of Attorney Five hundred rupees

Exemption

Entry of an advocate, vakil or attorney on the roll of

the High Court, when he has previously been enrolled
in any other High Court

31 EXCHAGE OF PROPERTY Instrument of The same duty as Conveyance

(No.23) as levied by this Act for
a consideration equal to the
greatest value of the property
as set forth in such instruments
Extract – See Copy (No 24)

32 FUTHER CHARGES Instrument of, that is to say, any

instrument m
i posing a further charge on mortgaged
property-

(a) When the original mortgage is one of the The same as a Conveyance (No.
description referred to in clause (a) of Article 23) for the value equal to the
No.40 that is, without possession; amount of further charge
secured by such instrument.
(b) When such mortgage is one of the description
referred to in clause (b) of Article No.40 (that is,
without possession)-
 (i) If at the time of execution of the instrument of The same as conveyance No.23
further charges possession of the property is given for a value equal to the total
or agreed to be given under such instrument; amount of charge (including the
original mortgage and any
further charge already made)
less the duty already paid on
such mortgage and further
charge.

(ii) if possession is not so given The same duty as a Bond

(No.15) for the amount of the
further charge by such
instrument, subject to a
maximum of rupees two lakhs.

33. GIFT - Instrument of, not being a settlement (No.58), The same duty as Conveyance
or will or transfer (No. 62) (No.23) on the value of
property.
HIRING AGREEMENT or agreement for service – see
Agreement (No. 5)

34 INDEMNITY BOND The same duty as a security

Bond (No. 57) for the same
amount.

INSPECTOR-SHIP-DEED

See composition Deed (No.22)

35 LEASE including as under – lease or sub-lease and any
agreement to let or sub-let-

(a) Where by such lease the rent is fixed and no

premium is paid or delivered-

(i) Where the lease purports to be for a term of The same duty as Bond (No.15)
less than one year; for the whole amount payable
or deliverable under such lease.

(ii) Where the lease purports to be for a term of The same duty as bond (No.15)
not less than one year, but not more than five for the amount/value of the
years; average annual rent received.

(iii) Where the lease purports to be for a term The same duty as Conveyance
exceeding five years, but not exceeding ten years; (No.23) as levied by this Act for
a consideration equal to the
amount / value of the average
annual rent received.

(iv) Where the lease purports to be for a term The same duty as Conveyance
exceeding ten years but not exceeding twenty (No.23) as levied by this Act for
yeas; a consideration equal to twice
the amount / value of the
average annual rent received.

(v) Where the lease purports to be for a term The same duty as Conveyance
exceeding twenty years but not exceeding thirty (No.23) as levied by this Act for
years; a consideration equal to thrice
the amount / value of the
average annual rent received.
(vi) Where the lease purports to be for a term The same duty as Conveyance
exceeding 100 years (No.23) as levied by this Act for
a consideration equal to 4 times
amount / value of the average
annual rent received.

(vii) where the lease purports to be for a term The same duty as conveyance
exceeding 100 years or in perpetuity (No.23)

(viii) Where the lease does not purport to be for The same duty as Conveyance
ay definite term; (No.23) as levied by this Act for
a consideration equal to 3 times
amount / value of the average
annual rent which would be
paid or delivered for the first
ten years if the lease continued
so long.

(b) Where lease is granted for al line or premium The same duty as Conveyance
or for money advanced and where no rent is (No.23) as levied by this Act for
reserved. a consideration equal to the
amount / value of such fine or
premium or advance as set
forth in the lease.
 (c) where the lease is granted for a line or The same duty as Conveyance
premium or for money advanced, in addition to No. 23 as levied by this Act for
rent reserved. a consideration equal to the
amount / value of such fine or
premium or advance as set
forth in the lease, in addit ion to
the duty which would have
been payable on such lease, if
no fine or premium or advance
had been paid or delivered.
Exemption

Lease, executed in the case of a cultivator and for

the purposes of cultivation (including a lease of
trees for the production of food or drink) without
the payment or delivery of any fine or premium
when a definite term is expressed and such term
does not exceed one year, or when the average
annual rent reserved does not exceed one hundred
rupees.

In this exemption a lease for the purposes of

cultivation shall include a lease of lands for
cultivation together with a homestead or tank.

Explanation: when a lessee undertakes to pay any

recurring charge, such as Government revenue,
the landlord’s shares of cesses or the owner’s
share of municipal rates or taxes, which is by law
recoverable from the less or, the amount so agreed
to be paid by the lessee shall be deemed to be part
of the rent.
36 LETTER OF ALLOTMENT OF SHARES in any One rupee
company or proposed company or in respect of
any loan to be raided by any company or proposed
company.

See also CERTIFICATE OF OTHER DOCUMENT

(NO.19)

37 LETTER OF CREDIT that is to say any instrument Two rupees

by which one person authorizes another to give
credit to the person in whose favour it is drawn

LETTER OF GUARANTEE – See Agreement (No.5)

38 LETTER OF LILCENSE that is to say, any agreement One hundred rupees

between a debtor and his creditors that the latter
shall, for a specified time, suspend their claims and
allow the debtor to carry on business at his own
discretion.

39 MEMORANDUM OF ASSOCIATION OF A COMPANY-

(a) If accompanied by articles of association Two hundred rupees

under section 26, 27 and 28 of the Companies
Act, 1956

(b) If not so accompanied Five hundred rupees

 Exemption

Memorandum of any association not formed for

profit and registered under section 25 of the
Companies Act, 1956.

40 MORTGAGE DEED not being an agreement relating to

Deposit the Title Deeds, Pawn or Pledge (No. 6),
Bottomry Bond (No.16), Mortgage of a Crop (No. 14)
Respondentia Bond (No. 56) or Security Bond (No.
57)-

(a) When possession of the property or any part of Same duty as Conveyance Deed
the property comprised in such deed is given by No.23
the mortgagor or agreed to be given-

(b) when possession is not given or agreed to be 2 % with a monetary ceiling of

given as aforesaid; Rs.2 lacs.

EXPLANATION: A mortgagor who gives to the

mortgage a power of attorney to collect rents or a
lease of the property mortgaged or part thereof, is
deemed to give possession within the meaning of
this articles.

(c) When a collateral or auxiliary or additional or

substituted security, or by way of further
assurance for the above mentioned purposes
where the principal or primary security is duly
stamped-
 For every sum secured not exceeding Rs.1000/- or Two rupees
part thereof

And for every Rs.1000 or part thereof secured in Two rupees per thousand or
excess of Rs.1000/- part thereof

EXEMPTION

1. Instruments, executed by person taking

advances under the Land Improvement Loans
Act, 1883, or the Agriculturists Loan Act, 1884
or by their sureties as Security for the
repayment of such advances.
2. Letter of hypothecation accompanying a bill of
exchange.

41 MORTGAGE OF A CROP including any instrument

evidencing an agreement to secure the repayment of a
loan made upon any mortgage of a crop, whether the
crop is or is not in existence at the time of the
mortgage-

(a) When the loan is repayable in not more than three

months from the date of the instrument-

For every sum secured not exceeding Rs.200;

And for every Rs.200 or part thereof secured in excess One rupees for rupees two
of Rs.200 or part thereof secured in excess of Rs.200 hundred and part thereof.
 (b) When the loan is repayable in more than three
months, but not more than eighteen months from
date of the instrument-

For every sum secured not exceeding Rs.100 One rupees

And for every Rs.100 or part thereof secured in One rupees for rupees one
excess of Rs.100 hundred and part thereof

42 NOTARIAL ACT that is to say, any instrument, Five rupees

endorsement, note, attestation certificate or entry not
being a protest (no.50) made or signed by a Notary
Public in the execution of the duties of his office, or by
Any other persons lawfully action as a Notary Public

See also protest of Bill of Note (No.50)

43 NOTE OR MEMORANDUM sent by a Broker or Agent to

his Principal intimating the purchase or sale on account
of such Principal-

(a) Of any goods exceeding a value twenty rupees; One rupee

(b) Of any stock or marketable security exceeding in One rupee for every Rs. 10, 000
value of twenty rupees; or part thereof, of the value of
security at the time of its
purchase or sale, as the case
may be.
44 NOTE OR PROTEST BY THE MASTER OF A SHIP Ten rupees

45 PARTITION instrument of, as defined by section 2(15) The same duty as a Bond (No.
15), for the amount of the value
of the separated share or
shares of the property.

NB .- The largest share

remaining after the property is
partitioned or, if there are two
or more shares of equal value
and not smaller than any of the
other share than one of such
equal shares shall be deemed to
be that from which the other
shares are separated

Provided always that-

a) when an instrument of
partition containing an
agreement to divide property in
severally is executed and a
partition is effected in
pursuance of such agreement,
the duty chargeable upon the
instrument effecting such
partition shall be reduced by the
amount of duty paid in respect
 of first instrument, but shall not
be less than ten rupees.

b) where the instrument

relates to the partition of
agriculture land exclusively the
market value for the purpose of
duty shall be calculated at fifty
times the annual land revenue.

c) where at final order for

effecting a partition passed by
any Revenue- authority or any
Civil Court or an award by an
arbitrator directing a partition is
stamped with the stamp
required for an instrument of
partition & such instrument of
partition in pursuance of such
order or award is subsequently
executed, the duty on such
instrument shall not exceed ten
rupees.

46.
PARTNERSHIP-

A Instrument of-

a) Where the capital of the partnership does not One percent with a ceiling of
exceed Rs.500 Rs.5000/-
 b) In any other case

B. DISSOLUTION of-

PAWN OR PLEDGE – See agreement relating to Two hundred rupees

deposit of title deeds, Pawn or pledge (No.6)

47. Policy of Insurance If drawn singly If drawn in

duplicate
for each
part

A.- Sea Insurance [ see section 7 of Indian Stamp Act, 1899

(2 of 1899)

(1) for or upon any voyage

(i) Where the premium or consideration does not Ten paise Five paise
exceed the rate of one-eighth per centum of the
amount insured by the policy;

(ii) In any other case, in respect of every full sum of Ten paise Five paise
one thousand five hundred rupees and also any
fractional part of one thousand five hundred
rupees insured by the policy;

(2) for time –

(iii) in respect of every full sum of one thousand

rupees and also any fractional part of one
thousand rupees insured by the policy –
Where the insurance shall be made for any time Fifteen paise Ten paise
 exceeding six months and not exceeding twelve
months

Where the insurance shall be made for any time Twenty five paise Fifteen
exceeding six months and not exceeding twelve paise
months

B.- FIRE INSURANCE AND OTHER CALSSES OF

INSURANCE, NOT ELSEWHERE INCLUDED INTHIS ARTICLE,
COVERING FOODS, MERCHANDISE, PERSONAL EFFECTS,
CROPS, AND OTHER PROPERTY AGAINST LOSS OR
DAMAGE-

(1) in respect of an original policy-

(i) when the sum insured does not exceed Rs.5000; Fifty paise

(ii) in any other case; and One rupees

(2) in respect of each receipt for any payment of a premium One half of the duty payable in
on any renewal of an original policy. respect of the original policy in
addition to the amount, in any,
chargeable under No. 53

C.- ACCIDENT AND SICKNESS INSURANCE-

(a) against railway accident, valid for a single journey only. Ten paise

Exemption

When issued to a passenger traveling by the intermediate or

the third class in any railway;

(b) in any other case – for the maximum amount which may Fifteen paise
become payable in the case of any single accident or
sickness where such amount does not exceed Rs.1000, and
also where such amount exceeds Rs.1000 or part thereof.

Provided that, incase of a policy

of insurance against death by
accident when the annual
premium payable does not
exceed Rs.2.50 per Rs.1000,
the duty on such instrument
shall be ten paise for every
Rs.1000 or part thereof of the
maximum amount which may
become payable under it.

CC.- INSURANCE BY WAY OF INDEMNITY AGAINST liability Ten paise

to pay damages on account of accidents to workmen
employed by or under the insurer or against liability to pay
compensation under the workmen’s Compensation Act, 1923
(8 of 1923), for every Rs. 100 or part thereof payable as
premium.

D.- LIFE INSURANCE OR GROUP INSURANCE OR OTHER If drawn singly If drawn in

INSURANCE NOT SPECIFICALLY PROVIDED FOR, except duplicate
such a RE-INSURANCE, as is described in Divis ion E of this for each
article - part

(i) for every sum insured not exceeding Rs.250; Fifteen paise Ten paise.

(ii) for every sum insured exceeding Rs.250 but not Twenty five paise Fifteen
exceeding Rs.500; paise.

(iii) for every sum insured exceeding Rs.500 but not Forty paise Twenty
exceeding Rs.1,000 and also for every Rs.1,000 or part paise.
thereof in excess of Rs.1,000.

Exemption N.B.- If a policy of group

Insurance is renewed or
Policies of life-insurance granted by the Director General of otherwise modified whereby the
Post Offices in accordance with rules for Postal Life- sum insured exceeds the sum
Insurance issued under the authority of the Central previously insured on which
Government. stamp-duty has been paid, the
proper stamp must be borne on
the excess sum so insured.

E. – RE-INSURANCE BY AN INSURANCE COMPANY, which One-quarter of the duty payable

has granted a POLICY of the nature specified in Division A or in respect of the original
Division B of this Article with another company by way of insurance but not less than Ten
indemnity or guarantee against the payment on the original paise or more than One rupees
insurance of a certain part of the sum insured thereby.
General Exemption Provided that if the total
amount of duty payable is not a
Letter of cover or engagement to issue a policy of insurance: multiple of five paise, the total
amount shall be rounded off to
Provided that, unless such letter of engagement bears the the next higher multiple of five
stamp prescribed by this Act for such policy, nothing shall be paise.
claimable thereunder, nor shall it be available for any
purpose, except, to compel the delivery of the policy therein
mentioned.

48. POWER OF ATTRORNEY as defined by section

2(21), not being a Proxy (No.52)-

a) When executed for sole purpose of procuring the Twenty rupees

registration of one or more documents in relation
to a single transaction or for admitting execution
of one or more such documents

b) When required in suits or proceedings under Twenty rupees

Presidency Small Cause Courts Act, 1882;

c) When authorizing one person or more to act in a Fifty rupees

single transaction other than the case mentioned
in clause (a);

d) When authorizing not more than five persons to Fifty rupees

act jointly and severally in
 e) When authorizing more than five but not more Fifty rupees
than ten persons to act jointly and severally in
more than one transaction or generally;

f) When given for consideration and authorizing the Same duty as conveyance
attorney to sell and immovable property. No.23 as levied by this Act for
the amount of consideration

g) In any other case Fifty rupees for each person

authorized.

Explanation-for the purpose of this Article more N.B.- The term “registration”
persons than one when belonging to the same includes every operation
firm shall be deemed to be one person. incidental to registration under
the Indian Registration Act,
1908.

49. Promissory Note (as defined by section 2(22) –

When payable on demand –

(i) when the amount or value does not exceed Rs.250; Ten paise.

(ii) when the amount or value exceeds Rs.250 but does Fifteen paise
not exceed Rs.1,000;

(iii) in any other case; Twenty five paise

(b) when payable otherwise than on demand The same duty as a Bill of
Exchange (No.13) for same
amount payable otherwise than
on demand.
50. PROTEST OF BILL OR NOTE that is to say, any Ten rupees
declaration in writing made by a Notary Public,
or other person lawfully acting as such, attesting
the dishonor of a Bill of Exchange or promissory
note

51. See also NOTE OF PROTEST BY THE MASTER OF

A SLIP (No.44)

52. PROXY Same as in Schedule -I

53. RECEIPT Same as in Schedule -I

54. RE-CONVEYANCE OF MORTGAGED PROPERTY-

a) If the consideration for which the property was Same duty as conveyance
mortgaged does not exceed Rs.1000 No.23 as levied by this Act for
the amount of consideration as
set forth in the Re-conveyance

b) In any other case-

i) If the re-conveyance related to immovable One hundred rupees

property situate within a Municipality,
Cantonment Board or Notified Area:

ii) In other cases One hundred rupees

55. RELEASE that is to say, any instrument (not
being such a release as is provided for by section
23 (A) whereby a person renounces a claim upon
another person or against any specified
property-

a) If the amount or value of the claim does not Same duty as a Bond No.15 for
exceed Rs.1000 such amount of value as set
forth in the release

b) In any other case One hundred rupees

56. RESPONDENTIA BOND that is to say, any Same duty as a Bottomary Bond
instrument securing a loan on the cargo laden or No.16 for the amount of the
to be laden on board a ship and making loan secured.
repayment contingent on the arrival of the cargo
at the port of destination

REVOCATION OF ANY TRUST OR SETTLEMENT -

See Settlement (No.58); Trust (No.64)

SECURITY-BOND OR MORTGAGE DEED,

executed by way of security for the due
execution of an office, or to account for money
or other property received by virtue thereof, or
executed by a surety to secure the due
performance of a contact-
 a) When the amount secured does not exceed The same duty as a Bond No.15
Rs.1000 for the amount of the loan
secured.

b) In other case One hundred rupees

EXEMPTIONS
Bond or other instrument, when executed

a) By any person for the purpose of guaranteering

that the local income derived from private
subscription to a charitable dispensary or
hospital or any other object of public utility, shall
not be less than a specified sum per mensem;

b) By person taking advances under the Land

Improvement Loans Act, 1883, or the
Agriculturists Loans Act, 1884, or by their
sureties, as security for the repayment of such
advances;

c) By officers of the Govt. or their sureties to secure

the due execution of an office, or the due
accounting for money of other property received
by virtue thereof.

58. SETTLEMENT -

A- Instrument of – (including a deed of dower) The same duty as Bond No.15

for a sum equal to the amount
or value of the property settled
as set forth in such settlement.
 EXEMPTION
Deed of dower executed on the occasion of
marriage between Mohammedans.

B- Revocation of-- The same duty as Bond No.15

for a sum equal to the amount
or value of the property
concerned as set forth in the
instrument of revocation but
not exceeding one hundred
rupees.

See Also Trust (No.64)

59. SHARE WARRANTS to bearer issued under the One and a half times the duty
Companie s Act, 1956 payable on a mortgage deed
with possession No.40(a) for he
amount equal to the nominal
amount of the share specified in
the warrant.

EXEMPTIONS
Share Warrant when issued by a company in
pursuance of the Companies Act, 1956, Section
114 to have effect only upon payment, as
composition for that duty, to the Collector of
Stamps-Revenue of-

a) One-and-a-half per centum of the whole

subscribed capital of the company; or
 b) If any company which has paid the said duty or
composition in full subsequently issues an
addition to its subscribed capital, one=and-a-half
per centum of the additional capital so issued.

60. SHIPPING ORDER for or relating to the One rupee

conveyance of goods on board of any vessel

61. SURRENDER OF LEASE-

a) When the duty with which the lease is The duty with which such lease
chargeable does not exce3ed ten rupees; is chargeable.

b) In any other case One hundred rupees

EXEMPTION
Surrender of lease, when such lease is exempted
from duty.

62. TRANSFER (whether with or without Same as in Schedule -I

consideration)-

63. TRANSFER OF LEASE by way of assignment and The same duty as conveyance
not by way of under lease No.23 as levied by this Act, for
a consideration for the transfer
 Exemption
Transfer of any lease exempt from duty

64. TRUST-

A. Declaration of – of, or concerning, any property The same duty as conveyance

when made by any writing not being a Will. No.23 of amount of value of the
property settled.

B. Revocation of – of, or concerning any property The same duty as a Bond No.15
when made by any instrument other than a Will. for a sum equal to the amount
or value of the property
concerned as set forth in the
instrument but not exceeding
one hundred rupees.

See also Settlement (No.58) VALUATION-See

Appraisement (No.8) VAKIL-Entry as a Valik
(No.30)
65. WARRANT FOR GOODS that is to say, any One rupee
instrument evidencing the title of any person
therein named, or his assigns, or he holder
thereof, to the property in the goods lying in or
upon any dock, warehouse or wharf, such
instrument being signed or certified by or on
behalf of the person in whose custody such
goods may be

Sd/-
(S. R. Maheshwari),
Under Secretary (Law & Judicial)

S. R. Maheshwari
Under Secretary (L&J)
Govt. of Delhi,
(Law & Judl. Deptt.)
Delhi Sachivalaya,
New Delhi.
[To be published in Part II, Section 3, subsection (ii) of the Gazette
or India, Extraordinary dated the 28th January, 2004 / 8 Magha,
1925 (Saka)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE

New Delhi, the 28th January, 2004

8 Magha, 1925 (Saka)

ORDER
STAMPS

S.O. 130(E) - In exercise of the powers conferred by clause (a) of sub-

section (1) of section 9 of the Indian Stamp Act, 1899 (2 of 1899) and in
super session of the notifications of Government of India in the Ministry of
Finance (Department of Revenue) published in the Gazette of India,
Extraordinary, Part II section 3 vide numbers S.O. 198 (E) dated the 16th
March, 1976 and S.O. 199 (E) dated the 16th March, 1976, except as respects
things done or omitted to be done before such super session, the Central
Government hereby directs that with effect from 1st March, 2004, the proper
stamp duty chargeable on instruments, mentioned under column (1) in
articles 13, 14, 27, 37, 47, 49, 52 and 62 (a) in the Schedule I of the Act,
shall be reduced and stamp duty payable thereon, after such reduction, shall
be as specified in the Table given below, namely:-
27. Debenture (whether a mortgage debenture or not),
being a marketable security transferable –
(a) by endorsement or by a separate instrument
of transfer –

where the amount or value does not exceed Rs.10; Ten paise.

where it exceeds Rs.10 and does not exceed Rs.50; Twenty paise.
Ditto 50 Ditto 100; Thirty five paise
Ditto 100 Ditto 200; Seventy five paise
Ditto 200 Ditto 300; One rupee ten paise
Ditto 300 Ditto 400; One rupee fifty paise
Ditto 400 Ditto 500; One rupee eighty five paise.
Ditto 500 Ditto 600; Two rupees twenty five paise.
Ditto 600 Ditto 700; Two rupees sixty paise.
Ditto 700 Ditto 800; Three rupees.
Ditto 800 Ditto 900 Three rupees forty
Ditto 900 Ditto 1000 Three rupees seventy five paise
And for every Rs 500 or part therof in excess of Rs. 1000 One rupee eighty five paise.
(b) by delivery –

where the amount or value of the consideration for such Thirty five paise
debenture and set forth therein does not exceed Rs.50

where it exceeds Rs.50 but does not exceed Rs .100 Seventy five paise

Ditto 100 Ditto 200 One rupee fifty paise

Ditto 200 Ditto 300 Two rupees twenty five paise.
Ditto 300 Ditto 400 Three rupees
Ditto 400 Ditto 500 Three rupees seventy five paise
Ditto 500 Ditto 600 Four rupees fifty paise
Ditto 600 Ditto 700 Five rupees twenty five paise.
Ditto 700 Ditto 800 Six rupees
Ditto 800 Ditto 900 Six rupees seventy five paise
Ditto 900 Ditto 1000 Seven rupees fifty paise

And for every Rs.500 or part thereof in excess of Rs.1000.

Explanation – The term “Debenture” includes any interest

coupouns attached thereto but the amount of such coupons
shall not be included in estimating the duty
Exemption

A debenture issued by an incorporated company or other

body corporate in terms of registered mortgage-deed, duly
stamped in respect of the full amount of debentures to be
issued thereunder, whereby the company or body borrowing
makes over, inwhole or in part, their property to trustees for
the benefit of the debenture holder:
Provided that the debenture so issued are expressed to be
issued in terms of the said mortagage-deed.

37. Letter of Credit that is to say, any instrument by which One rupees
one person authorizes another to give credit to the person in
whose favour it is drawn

47. Policy of Insurance If drawn singly If drawn in

duplicate
A.- Sea Insurance [ see section 7 of Indian Stamp Act, 1899 for each
(2 of 1899) part

(3) for or upon any voyage

(iv) Where the premium or consideration does not Five paise Five paise
exceed the rate of one-eighth per centum of the
amount insured by the policy;

(v) In any other case, in respect of every full sum of Five paise Five paise
one thousand five hundred rupees and also any
fractional part of one thousand five hundred
 rupees insured by the policy;

(4) for time –

(vi) in respect of every full sum of one thousand

rupees and also any fractional part of one
thousand rupees insured by the policy –

Where the insurance shall be made for any time Ten paise Five paise
exceeding six months and not exceeding twelve months

B.- FIRE INSURANCE AND OTHER CALSSES OF

INSURANCE, NOT ELSEWHERE INCLUDED INTHIS ARTICLE,
COVERING FOODS, MERCHANDISE, PERSONAL EFFECTS,
CROPS, AND OTHER PROPERTY AGAINST LOSS OR
DAMAGE-

(2) in respect of an original policy-

(iv) when the sum insured does not exceed Rs.5000; Twenty five paise

(v) in any other case; and Fifty paise

(2) in respect of each receipt for any payment of a premium One half of duty payable in
on any renewal of an original policy. respect of the original policy in
addition to the almunt, in any,
chargeable under No. 53

C.- ACCIDENT AND SICKNESS INSURANCE-

(a) against railway accident, valid for a single journey only. Five paise
Exemption

When issued to a passenger traveling by the intermediate or

the third class in any railway;

(b) in any other case – for the maximum amount which

may become payable in the case of any single accident or Ten paise
sickness where such amount does not exceed Rs. 1000, and
also where such amount exceeds Rs. 1000 or part thereof.

Provided that, incase of a policy

of insurance against death by
accident when the annual
premium payable does not
exceed Rs.2.50 per Rs.1000, the
duty on such instrument shall be
five paise for every Rs.1000 or
part thereof of the maximum
amount which may become
payable under it.

CC.- INSURANCE BY WAY OF INDEMNITY AGAINST liability Five paise

to pay damages on account of accidents to workmen
employed by or under the insurer or against liability to pay
compensation under the workmen’s Compensation Act, 1923
(8 of 1923), for every Rs. 100 or part thereof payable as
premium.
D.- LIFE INSURANCE OR GROUP INSURANCE OR OTHER If drawn singly If drawn in
INSURANCE NOT SPECIFICALLY PROVIDED FOR, except duplicate
such a RE-INSURANCE, as is described in Division E of this for each
article - part

(i) for every sum insured not exceeding Rs.250; Ten paise Five paise.

(ii) for every sum insured exceeding Rs.250 but not Ten paise Five paise.
exceeding Rs.500;

(iii) for every sum insured exceeding Rs.500 but not Twenty paise Ten paise.
exceeding Rs.1,000 and also for every Rs.1,000 or part
thereof in excess of Rs.1,000.

N.B.- If a policy of group

Exemption Insurance is renewed or
otherwise modified whereby the
Policies of life-insurance granted by the Director General of sum insured exceeds the sum
Post Offices in accordance with rules for Postal Life- previously insured on which
Insurance issued under the authority of the Central stamp-duty has been paid, the
Government. proper stamp must be borne on
the excess sum so insured.

E. – RE-INSURANCE BY AN INSURANCE COMPANY, which One-quarter of the duty payable

has granted a POLICY of the nature specified in Division A or in respect of the original
Division B of this Article with another company by way of insurance but not less than five
indemnity or guarantee against the payment on the original paise or more than fifty paise.
insurance of a certain part of the sum insured thereby.
 Provided that if the total amount
of duty payable is not a multiple
General Exemption of five paise, the total amount
shall be rounded off to the next
Letter of cover or engagement to issue a policy of insurance: higher multiple of five paise.

Provided that, unless such letter of engagement bears the

stamp prescribed by this Act for such policy, nothing shall be
claimable there under, nor shall it be available for any
purpose, except, to compel the delivery of the policy therein
mentioned.

49. Promissory Note (as defined by section 2(22) –

When payable on demand –

(i) when the amount or value does not Five paise.

exceed Rs.250;

(ii) when the amount or value exceeds Ten paise.

Rs.250 but does not exceed Rs.1,000;

(vi) in any other case; Fifteen paise

(b) when payable otherwise than on demand The same duty as a Bill of
Exchange (No.13) for same
amount payable otherwise than
on demand.
52. Proxy empowering any person to vote at any one Fifteen paise
election of the members of a district or local board or
of a body of municipal Commissioners, or at any one
meeting of (a) member of an incorporated company or
other body corporate whose stock or fund is or are
divided into shares and transferable, (b) a local
authority, or (c) proprietor, members or contributors to
the funds of any institution.

62. Transfer (whether with or without consideration)- Twenty Five paise for every
(a) of shares in an incorporated company or other body hundred rupeed or part thereof
corporate; of the value of the share:

Provided that rates of stamp duty specified in column (2) on Bills of

Exchange for items (b) and (c) in Article 13 and on promissory note for item
(b) of Article 49 shall not apply to issuance bills of exchange or promissory
notes drawn or made for Industrial Development Bank of India, State
Financial Corporation of India, Industrial Development Bank, State Financial
Corporation, Commercial Banks and Cooperative Banks for (a) bonafide
commercial or trade transactions, (b) seasonal agricultural operations or the
marketing of crops, or (c) production or marketing activities of cottage and
small scale industries and such instruments shall bear the rate of stamp duty
at one-fifth of the rate mentioned against items (b) and (c) in Article 13 and
item (b) in Article 49 of Schedule I of the Indian Stamp Act, 1899 (2 of 1899)
Explanation 1.- For the purposes of the proviso-

(a) the expression “ agricultural operations” includes animal

husbandry and allied activities jointly undertaken with agricultura l
operations;
(b) “crops” include products of agricultural operations;
(c) the expression “marketing of crops” includes the processing of
crops prior to marketing by agricultural producers or any
organization of such producers .

Explanation 2.- The duty chargeable shall, wherever necessary, be rounded

off to the next five paise.

Sudhir Rajpal,
Deputy Secretary to
Government of India