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INDIAN STAMP ACT, 1899 (CHHATTISGARH AMENDMENT)

INDIAN STAMP ACT, 1899 (CHHATTISGARH AMENDMENT)

INDIAN STAMP ACT, 1899 (CHHATTISGARH AMENDMENT)

 

Section 47 - Power of payer to stamp bills and promissory notes received by him unstamped

When any bill of exchange [1][or promissory note] chargeable [2][with a duty not exceeding ten naye paise] is presented for payment unstamped, the person to whom it is so presented may affix thereto the necessary adhesive stamp, and, upon cancelling the same in manner hereinbefore provided, may pay the sum payable upon such bill [3][or note], and may charge the duty against the person who ought to have paid the same, or deduct it from the sum payable as aforesaid, and such bill [4][or note], shall, so far as respects the duty, be deemed good and valid :

Provided that nothing herein contained shall relieve any person from any penalty or proceeding to which he may be liable in relation to such bill [5][or note].

[STATE AMENDMENTS

CHHATTISGARH

[6][After Section 47

(i)       Sub-section (4) shall be omitted.

(ii)      For sub-section (5), the following shall be substituted, namely:-

"(5)? Any person aggrieved by an order of the Collector under sub-section (2) or sub-section (3) may appeal, against such order to the Chief Controlling Revenue Authority, Chhattisgarh, in such manner as may be prescribed."

(iii)     In sub-section (6), the words, "first and second" shall be omitted.

(iv)    For sub-section (8), the following shall be substituted, namely:-

"(8) The order passed in appeal or, where no appeal is preferred, the order passed by the Collector under sub-section (2) or sub-section (3) shall be final and shall not be called into question in any Civil Court or before any other authority whatsoever."]

[7][After Section 47

(i)       After sub-section (3-A), the following sub-section (4) shall be added, namely:--

"(4) Any person aggrieved by an order of the Collector under sub-section (2) or sub-section (3) may, in the prescribed manner appeal against such order to the Commissioner of the Division or Officer so appointed by the State Government, by notification in the Official Gazette."

(ii)      For sub-section (5), the following sub-section shall be substituted, namely:--

"(5)? Any person aggrieved by an order passed in appeal under sub-section (4) may, in the prescribed manner appeal against such order to the Chief Controlling Revenue Authority, Chhattisgarh."

(iii)     After the word "Every" in the first line of sub-section (6), the following word shall be inserted, namely;--

"first and second"

(iv)    For sub-section (8), the following sub-section shall be substituted, namely:--

"(8)? The order passed in second appeal or, where no second appeal is preferred, the order passed in first appeal, shall be final and subject to orders passed in first or second appeal, as the case may be, the order passed by the Collector under sub-section (2) or sub-section (3) shall be final and shall not be called into question in any Civil Court or before any other Authority whatsoever,"]

Schedule Chhattisgarh - SCHEDULE I
A

 

SCHEDULE I-A

Stamp Duty on certain instruments

(See section 3, First proviso)

1. Articles in Schedule I-A are numbered so as to correspond with similar articles in Schedule 1.

 

Description of Instruments

Proper Stamp-duty

 

(1)

(2)

1.

Acknowledgment of a debt exceeding twenty 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 to the creditor's 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.

Two rupees

2.

Administration Bond including a bond given under section 291, 375 or 376 of the Indian Succession Act, 1925 (39 of 1925), or section 6 of the Government Saving Bank Act, 1873 (V of 1873).

The same duty as a Bond (No. 12) for such amount.

3.

Adoption deed, that is to say, any instrument (other than a Will) recording an adoption, or conferring or purporting to confer an authority to adopt.

Five hundred rupees.

4.

Affidavit including an affirmation or declaration in the case of persons by law allowed to affirm or declare instead of swearing.

Five rupees.

 

Exemptions

 

 

Affidavit or declaration in writing when made--

 

 

(a) as a condition of enrolment under the Army Act, 1950 (46 of 1950), or the Air Force Act, 1950 (45 of 1950);

 

 

(b) for the immediate purpose of being field 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 bill of exchange or to the sale of a Government Security or share in an incorporated Company or other body corporate--

Rs.1 for every Rs.10,000 or part thereof, of the value of bill of exchange or security or share.

 

[8][(aa) if relating to the construction of a building on a land by a person other than the owner or lessee of such land and having a stipulation that after construction, such building shall be held jointly or severally by that other person and the owner or the lessee, as the case may be, of such land, or that it shall be sold jointly or severally by them or that a part of it shall be held jointly or severally by them and the remaining part thereof shall be sold jointly or severally by them.

Two percent or the market value of the land.]

 

(b) if not otherwise provided for

Fifty rupees

6.

Agreement relating to deposit of title deeds, 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 or movable 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 existing or future debt--

 

 

(a) if such loan or debt is repayable on demand or more than three months from the date of instrument evidencing the agreement.

2% of the amount of loan or debt.

 

(b) if such loan or debt is repayable not more than three months from the date of such instrument.

Half the duty payable under sub-clause (a) of this article.

 

Explanation--For the purposes of clause (1) of this article, notwithstanding any judgment, decree or order of any Court or order of any authority, any letter, note, memorandum or writing relating to the deposit of title deeds whether written or made either before or at the time when or after the deposit of title deeds is effected, any whether it is in respect of the security for the first loan or any additional loan or loans taken subsequently, shall, in the absence of any separate agreement or memorandum of agreement relating to deposit of such title deeds, be deemed to be an instrument evidencing an agreement relating to the deposit of title deeds.

 

Exemption

Instruments of pawn or pledge of agricultural produce if unattested

 

7.

Appointment in execution of a power whether of trustees or of property, movable or immovable, where made by any writing not being a Will.

One hundred rupees.

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. 1,000;

The same duty as Bond (No. 15) for such amount.

 

(b) in any other case.

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

Fifteen rupees

 

Exemption

Instruments of apprenticeship executed by a Magistrate under the Apprentices Act, 1961 (52 of 1961), or by which a person is apprenticed by or at the charge of any public charity.

 

10.

Articles of association of a company-

 

 

(a) where the company has no share capital

One thousand rupees

 

(b) where the company has nominal share capital

0.15 percent of such nominal or increased share capital subject to a minimum of one thousand rupees and a maximum of five lac rupees.

 

Exemption

Articles of any association not formed for profit and registered under section 25 of the Companies Act, 1956 (No. 1 of 1956).

 

11.

Articles of clerkship or contract, whereby any 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 Power of Attorney (No. 48). Authority to adopt, See Adoption-Deed (No. 3).

Three hundred and fifty rupees.

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 course of a suit-

 

 

(a) Where the amount or value of the property to which the award relates does not exceed Rs. 10,000/-

The same duty as a Bond (No. 15) for such amount.

 

(b) Where it exceeds Rs. 10,000/-, 

 

(i) on the first Rs. 10,000/-,

The same duty as a Bond (No. 15) for such amount.

 

(ii) on every additional Rs. 1,000/- or part thereof in excess of Rs. 10,000/-

Ten rupees.

13.

***

 

14.

***

 

15.

Bond-As defined by section 2(5) not being a debenture and not being otherwise provided by this Act or the Court Fees Act, 1870 (7 of 1870)-on the amount or value secured;

Provided that if the value or the amount is not a multiple of rupees ten it shall be rounded off to the nearest multiple of rupees ten, five rupees and over being counted as ten rupees and less than five rupees being disregarded.

See Administration bond (No. 2), Bottomry Bond (No. 16), Customs Bond (No. 26), Indemnity Bond (No. 34), Respondent a Bond (No. 56), Security Bond (No. 57).

[9][Two percent of the amount or value secured]

Provided that if the amount of duty payable is not a multiple of fifty paise it shall be rounded off to the nearest rupee, half of a rupee and over being counted as one rupee and less than half of a rupee being disregarded.

 

Exemption

Bond, when executed by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital or 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 whereby the master of a sea-going ship borrows money on the security of the ship to enable him to preserve the ship or prosecute her voyage.

The same duty as a Bond (No. 15) for the same amount.

17.

Cancellation, instrument of (including any instrument by which instrument previously executed is cancelled), if attested and not otherwise provided for.

One hundred rupees.

17-A.

Certificate of enrolment under section 22 of the Advocates Act, 1961 (No. 25 of 1961 issued by the State Bar Council of Chhattisgarh.

Two hundred and fifty rupees.

 

Exemption

Certificate of enrolment under section 22 of the Advocates Act, 1961 (No. 25 of. 1961) issued by the State Bar Council of Chhattisgarh or by any other State Bar Council prior to the commencement of the Indian Stamp (Chhattisgarh Amendment) Act, 1974.

 

17-B.

Certificate of practice as Notary under sub-section (1) of section 5 of the Notaries Act, 1952 (No. 53 of 1952) or endorsement of renewal of such certificate under sub-section (2) of the said section.

Five hundred rupees.

18.

Certificate of sale (in respect of each property put up as a separate lot and sold), granted to the purchaser of any properly sold by public auction by a Civil or Revenue Court, or Collector or other Revenue Officer.

The same duty as conveyance (No. 23) for market value equal to the amount of the purchase money only:

 

 

Provided that if the total amount of duty payable is not a multiple of fifty paise, it shall be rounded off to the nearest rupee, half of a rupee or over being counted as one rupees and less than half of a rupee being disre-garcied.

19.

Certificate or other document, evidencing the right or title of the holder thereof, or any other person, either to any share, script or stock in or of any incorporated company or other body corporate, or to become proprietor of shares, script or stock in or of any such company or body.

Two rupees.

20.

Charter party, that is to say, any instrument (except an agreement for the hire of a tug steamer) whereby a vessel or some specified principal part thereof is let for the specified purposes of the charter, whether it includes a penalty clause or not.

Three rupees.

[10][20-A.

Clearance List

(a) If relating to the transactions for the purchase or sale of Government securities submitted to the clearing house of a stock exchange.

One rupee for every rupees ten thousand or part thereof in respect of each of the entries in such list on the value of securities calculated at the making up price or the contract price, as the case may be, subject to a maximum of rupees one thousand.

(b) If relating to the transactions for the purchase or sale of share scrip, debenture, stock or other marketable security of like nature in or of an incorporated company or other corporate body, submitted to the clearing house of a stock exchange.

One rupee for every rupees ten thousand or part thereof in respect of each of the entries in such list on the value of securities calculated at the making up price or the contract price, as the case may be.]

21.

***

 

22.

Composition-deed, that is to say, any instrument executed by a debtor whereby he conveys his property for the benefit of his creditors, or where payment of composition of 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.

Fifty rupees.

23.

Conveyance, not being a transfer charged or exempted under No. 62 irrespective of the market value of the property which is the subject matter of conveyance.

Seven and half per cent of such market value;

 

 

Provided that if the total amount of the duty payable is not a multiple of fifty paise, it shall be rounded off to the nearest rupee half of a rupee or over being counted as one rupee and less than half of a rupee being disregarded.

[11][Provided further that where an instrument relates to the amalgamation or re-construction of companies under the orders of High Court under section 394 of the Companies Act, 1956 (1 of 1956), or under the order of the Reserve Bank of India under section 44-A of the Banking Regulation Act, 1949 (10 of 1949) the duty chargeable shall not exceed an amount equal to 7% of the market value of the immovable properly transferred which is located within the State of Chhattisgarh; or an amount equal to 0.7% of the aggregate of the market value of the shares issued or allotted in exchange or otherwise and the amount of consideration paid for such transfer, whichever is higher.]

 

Exemptions

Assignment of copy-right under the Copy-right act, 1957 (No. 14 of 1957), Section 18, Co-partnership deed, See Partnership (No. 46).

 

 

Explanation--For the purpose of this article where in the case of agreement to sell immovable property, the possession, of any immovable property is transferred to the purchaser before execution or after execution of, such agreement without executing the conveyance in respect thereof then such agreement to sell shall be declined to be a conveyance and stamp duty thereon shall be leviable accordingly:

 

 

Provided that, the provisions of Section 47-A shall apply mutatis mutandis to such agreement which is deemed to be a conveyance as aforesaid, as they apply to a conveyance under that section;

 

 

Provided further that where subsequently a conveyance is effected in pursuance of such agreement of sale the stamp duty, if any, already paid and recovered on the agreement of sale which is deemed to be a conveyance shall be adjusted towards the total duty leviable on the conveyance, subject to a minimum of Rs. 10.

 

24.

Copy or extract, certified to be a true copy or extract, by or by order of any public officer and not chargeable under the law for the time being in force relating to court fees.

Ten rupees.

 

Exemption

 

(a)

Copy of any paper which a public officer is expressly required by law to make or furnish for record in any public office or for any public purpose.

 

(b)

Copy of or extract from any register relating to births, baptism, namings, dedications, marriages, divorces, deaths or burials.

 

25.

Counterpart or duplicate, of any instrument chargeable with duty and in respect of which the proper duty has been paid-

 

 

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

the same duty as is payable on the original.

 

(b) in any other case.

Six rupees.

 

Exemption

Counterpart of any lease when such granted to a cultivator, lease is exempted from duty.

 

26.

Customs Bond-

 

 

(a) where amount does not exceed Rs. 5,000;

Same duty as a Bond (No. 15) for such amount subject to the maximum of Rs. 50.00.

 

(b) where the amount exceeds Rs. 5,000.

Rs. 100

27.

***

See also (No. 15) Section 8 or

55 Declaration of any trust, See

Trust (No. 64).

 

[12][27-A.

Declaration under the Chhattisgarh Prakoshtha Swamitva Adhiniyam, 2000 (No. 15 of 2001).

Ten thousand rupees.

27-B.

 

Document amending or correcting previously registered deed, but not making any material alternations.

One thousand rupees.

 

Explanations- For the purpose of this article a material alternation is one which varies the rights, liabilities or legal position of the parties ascertained from the instrument in its original state or otherwise varies the legal effect of the instrument as originally executed.]

 

28.

Delivery order in respect of good, that is to 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 or transfer of the property therein, when such goods exceed in value twenty rupees.

Deposit of Title-deeds. See Agreement relating to Deposit of Title-deeds. Pawn or Pledge (No. 6).

Dissolution of partnership, See Partnership (No. 46).

Two rupees.

29.

Divorce, instrument of, that is to say, any instrument by which any person effects the dissolution of his marriage.

One hundred rupees

 

Dower, instrument of, See Settlement (No. 58)

 

 

Duplicate, See Counterpart (No. 25)

 

30.

***

 

31.

Exchange of property, instrument of-

The same duty as a Conveyance (No. 23), for a market value equal to the market value of the property of greater value which is the subject matter of exchange.

 

Extract, See Copy (No. 24)

 

32.

Further charge, instrument of, that is to say any instrument imposing a further charge on mortgaged property-

 

 

(a) when the original mortgage is one of the description referred to in clause (a) of Article No. 40 (that is, with possession);

The same duty as a Conveyance (No. 23) for a market value equal to the amount of the further charge secured by such instrument.

 

(b) when such mortgage is one of the description referred in clause (b) of Article No. 40 (that is, without possession)-

(i) if at the time of execution of the instrument of further charge possession of the property is given or agreed to be given under such instrument;

The same duty as a Conveyance (No. 23) for a market value equal to the total amount of the charge (including the original mortgage and any further charge already made) less the duty already paid on such original 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 secured by such instrument.

[13][33.

Gift, instrument of, not being a settlement (No. 58) or Will or Transfer (No. 62).

(a) When the donee is not a family member of the donor;

The same duty as a Conveyance (No. 23) for a market value equal to the market value of the property which is the subject matter of gift;

(b) When the donee is a family member of the donor;

At the rate of half percent of the market value of the property which is the subject matter of the gift.]

 

[14][Explanation- For this purpose, family, in relation to the donor shall mean the donor's father, mother, husband or wife, son, daughter, daughter-in law, brother, sister and grandchildren, which includes sons' son daughter and daughters' son and daughter.]

 

34.

Indemnity-Bond

The same duly as a Security Bond (No. 57) for the same amount.

 

Inspector ship-Deed, see

Composition Deed (No. 22).

 

35.

Lease, including an under-lease or sub-lease and any agreement to let or sub-let-

 

 

(a) whereby such lease the rent is fixed and no premium is paid or delivered-

 

 

(i) where the lease purports to be for a term less than one year;

The same duty as a Bond (No. 15) for the whole amount payable or deliverable under such lease.

 

(ii) where the lease purports to be for a term of not less than one year but not more than five years;

The same duty as a Bond (No. 15) for the amount or value of average annual rent reserved.

 

(iii) where the lease purports to be for a term exceeding five years but not exceeding ten years;

The same duty as a Conveyance (No. 23) for a market value equal to the amount or value of one and half times the average annual rent reserved.

 

(iv) where the lease purports to be for a term exceeding ten years but not exceeding twenty years;

The same duty as a Conveyance (No. 23) for a market value equal to three times the amount or value of average annual rent reserved.

 

(v) where the lease purports to be for a term exceeding twenty year but not exceeding thirty years;

The same duty as a Conveyance (No. 23) for a market value equal to five times the amount or value of the average annual rent reserved.

 

(vi) where the lease purports to be for a term exceeding thirty years but does not exceeding one hundred years;

The same duty as a Conveyance (No. 23) for a market value equal to eight times the amount or value of the average annual rent reserved.

 

(vii) where the lease purports to be for a term exceeding one hundred years or in perpetuity;

The same duty as a Conveyance (No. 23) for a market value equal or one fourth of the whole amount of rent which would be paid or delivered in respect of the, first twelve and half years of the lease.

 

(viii) where the lease does not purport to be for any definite term;

The same duty as a Conveyance (No. 23) for a market value equal to three, times the amount or value of the average annual real, which would be paid or delivered for the first ten years if the lease continued so long.

[15][(aa) Where the mining lease is granted on the basis of auction-

(i) Where the lease purports to be for a term less than one year;

The same duty as a Bond (No. 15) for the whole amount payable or deliverable under such lease.

(ii) Where the lease purports to be for a term of not less than one year but not more than five years;

The same duty as a Bond (No. 15) for the amount or value of the average annual royalty reserved.

(iii) Where the lease purports to be for a term exceeding five years but not exceeding ten years;

The same duty as a Conveyance (No. 23) for a market value equal to the amount or value of one and half times and average annual royalty reserved.

(iv) Where the lease purports to be for a term exceeding ten year but not exceeding twenty years;

The same duty as a Conveyance (No. 23) for a market value equal to three times the amount or value of average annual royalty reserved.

(v) Where the lease purports to be for a term exceeding twenty year but not exceeding thirty year;

The same duty as a Conveyance (No. 23) for a market value equal to five times the amount or value of the average annual royalty reserved.

(vi) Where the lease purports to be for a term exceeding thirty year but not exceeding one hundred years;

The same duty as a Conveyance (No. 23) for a market value equal to eight times the amount or value of the average annual royalty reserved.

(vii) Where the lease purports to be for a term exceeding one hundred years or in perpetuity;

The same duty as a Conveyance (No. 23) for a market value equal to or one-fourth of the whole amount of royalty which would be paid or delivered in respect of the first twelve and half year of the lease.

 

(viii) Where the lease purports to be for any definite term;

The same duty as a Conveyance (No. 23) for a market value equal to three times the amount or value of the average annual royalty, which would be paid or delivered for the first ten years if the lease continued so long.

 

Provided that nothing contained in clause (b) and (c) of this Article shall be application in respect of this clause.

 

 

Explanation- In case of grant of mining lease on the basis of auction no Stamp Duty shall be chargeable on any amount other than royalty.]

 

(b)

where the lease is granted for a fine or premium, or for money advanced and where no rent is reserved;

The same duty as a Conveyance (No. 23) for a market value equal to the amount or value of such fine or premium, as advance as set. fourth in the lease: 

Provided that when the lease purports to be for a term exceeding thirty years or in perpetuity period, the duty on such lease shall be chargeable as a conveyance (No. 23) on the market value of the property leased.

(c)

where the lease is granted for a fine or premium, or for money advanced in addition to rent reserved;

The same duty as a Conveyance (No. 23) for a market value equal to the amount or value of such fine or premium or advance as set fourth in the lease, in addition to the duty which would have been payable on such lease, if no fine or premium or advance had been paid or delivered;

Provide that, in any case when an agreement to lease is stamped with the ad-valorem stamp required for a lease and a lease in pursuance of such agreement is subsequently executed, the duty on such lease shall not exceed ten rupees.

 

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.

 

Explanation-When a lessee undertakes to pay any recurring charge, such as Government revenue, the landlord's share of cesses, or the owner's share of municipal rates or taxes, which is by law recoverable from the lessor, 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 company or proposed company, or in respect of any loan to be raised by any company or proposed company.

Two rupees

37.

***

 

 

Letter of Guarantee, See

Agreement (No. 5)

 

38.

Letter of License, that is to say, any agreement between a debtor and his creditors that the later shall, for a specified time, suspend their claims and allow the debtor to carry on business at his own discretion.

Fifty rupees

39.

Memorandum of Association of a company-

 

 

(a) if accompanied by Articles of Association under section 17 of the Indian Companies Act, 1913 (7 of 1913), or sections 26, 27 and 28 of the Companies Act, 1956(1 of 1956);

Five hundred rupees

 

(b) if not so accompanied.

The same duty as is leviable on Articles of Association under Article 10 according to the share capital of the company.

 

Exemption 

Memorandum of any association not formed for profit and registered under section 25 of the Indian Companies Act, 1913 (7 of 1913) or section 25 of the Companies Act, 1956(1 of 1956).

 

40.

Mortgage deed not being an agreement relating to Deposit of Title Deeds, Pawn or Pledge (No. 6), Bond (No. 15), Mortgage of a crop (No. 41), Respondentia Bond (No. 56), or Security Bond (No. 57)-

 

 

(a) when possession of the property or any part of the property comprised in such deed is given by the mortgagor or agreed to be given;

The same duty as a Conveyance (No. 23) for a market value equal to the amount secured by such deed.

 

(b) when possession is not given or agreed to be given as aforesaid:

The same duty as a Bond (No. 15) for the amount secured by such deed.

 

Explanation-A mortgagor, who gives to the mortgage a power or attorney to collect rents or a lease of the property mortgaged or part thereof, is deemed to give possession within the meaning of this article;

 

(c) when a collateral or auxiliary or additional or substituted security or by way of further assurance for the above mentioned purpose where the principal or primary security is duly stamped-

 

 

For every Rs. 1000 or part thereof secured.

Three rupees.

 

Exemptions

 

(1)

Instruments, executed by persons taking advances under the Land Improvement Loans Act, 1883 (19 of 1883), or the Agriculturists' Loans Act, 1884 (12 of 1884), or by their sureties as security for the repayment of such advances,

 

(2)

Letters 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 not more than three months from the date of the instrument-

 

 

for every sum secured not exceeding Rs. 200;

One rupee.

 

and for every Rs. 200 or part thereof secured in excess of Rs. 200;

One rupee.

 

(b) when the loan is repayable more than three months but not more than eighteen months, from the date of the instrument-

 

 

for every sum secured not exceeding Rs. 100:

One rupee.

 

and for every Rs. 100 or part thereof in excess of Rs. 100;

One rupee.

42.

Notarial Act, that is to say any instrument, 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 person lawfully acting as a notary public. 

(See also Protest of Bill or Note (No. 50)

Ten rupees.

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 in value One hundred rupees

Two rupees.

 

(b) of any stock or marketable security exceeding in value One hundred rupees;

Subject to a maximum of Fifty rupees, one rupee for every Rs. 10,000 or part thereof of the value of the stock or security.

44.

Note of Protest by the Master of a ship-See also Protest by the Master of ship (No. 51).

Two rupees.

[16][45.

Partition, Instrument of [as defined in clause (15) of Section 2]

 

(a) Where the property involved in the partition in converted for non agricultural purpose or is meant for non agricultural use;

Rupees two thousand for each shareholder.

 

(b) Where the property involved in the partition is agricultural land:

Rupees one hundred for each shareholder.

 

Provided that where there is neither any dispute nor any case pending in any Court regarding the land to be partitioned:

No duty chargeable.

Provided further that the land being partitioned is not within the provisions of ceiling;

 

(c) Where a final order for effecting a partition passes by any revenue authority or any Civil Court, of an award by an arbitrator directing a partition, is stamped with the stamps required for n instrument of partition and an instrument of partition in pursuance of such order or award is subsequently executed.

Rupees ten.]

[17][46.

Partnership-(1) Instrument of partnership-

 

 

(a) Where there is no share of contribution in partnership or where the share of contribution (brought in by way of cash) does not exceed rupees 50,000. 

One thousand rupees.

 

(b) Where such share of contribution (brought in by way of cash) is in excess of rupees. 50,000.

Two percent of the shares contributed subject to a maximum of rupees five thousand.

 

(c) Where such share contribution is brought in by way of property, (excluding cash).

Two percent of market value of such property.

OR

Where for the purpose of Colony Development, a partner contributes of the share of his immovable property in favour of the partnership firm.

(2) Dissolution of partnership or retirement of partner-

(a) Where on dissolution of partnership or on retirement of a partner, any immovable property is taken as his share by a partner other than a partner who brought in that property as his share of contribution in the partnership.

The same duty as a conveyance (No.23) on the market value of such property.

(b) In any other case.

Five hundred fifty rupees.]

47.

***

 

48.

Power of Attorney, as defined by section 2(21), not being a Proxy (No. 52),

 

 

(a) when executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction for admitting execution of one or more such documents;

Ten rupees.

 

(b) when required in suits or proceedings under the Provincial Small Causes Courts Act, 1887 (9 of 1887), or any other law relating to Small Cause Courts in force in any region of the State

Ten rupees.

 

(c) when authorising one person or more to act in a single transaction other than the case mentioned in clause(a);

Twenty rupees.

 

(d) when authorising not more than five persons to act jointly and severally in more than one transaction or generally;

One hundred rupees.

 

(e) when authorising more than five but not more than ten persons to act jointly and severally in more than one transaction or generally;

One hundred fifty rupees.

 

(f) when given for consideration and authorising the attorney to sell or transfer any immovable property.

The same duty as a conveyance under Article 23 on the market value of the property.

[18][(f-1) when given without consideration and authorising the agent to sell, gift, exchange or permanently alienate any immovable property situated in the State of Chhattisgarh.

(a) For a period not exceeding two years from the date of its execution;

Rupees one thousand.

(b) For a period exceeding two years from the date of its execution or when it is irrevocable or when it does not purport to be for any definite term;

The same duty as Conveyance (No. 23) on the market value of such property.

(c) When given to father, mother, wife or husband, son, daughter, brother or sister in relation to the executants authorising such person and when it does not purport to be for any definite term.

Rupees one thousand.]

[19][(d) if the property is situated outside the State of Chhattisgarh.

One thousand rupees.]

 (g)

 in any other case.

Twenty rupees for each person authorised.

 

Explanation I-For the purposes of this article more person than one when belonging to the same firm shall be deemed to be one person.

N.B.-The term "registration" includes every operation incidental to registration under the Indian Registration Act, 1908 (16 of 1908).

 

[20][Explanation II-Where under clause (f) and (f-1) duty has been paid on the power of attorney and a conveyance relating to that property is executed is pursuance of power of attorney between the executant of power of attorney and the person in whose favour it is executed, the duty on conveyance shall be the duty calculated on the market value of the property reduced by duty paid on the power of attorney.]

 

49.

***

 

50.

Protest of Bill or Note, that is to say any declaration in writing, made by a Notary Public or other person lawfully such, attesting the dishonour of a Bill of Exchange or promissory Note.

Three rupees.

51.

Protest by the Master of a Ship, that is to say, any declaration of the particulars of her voyage drawn up by him with a view to the adjustment of losses of the calculation of averages, and every declaration in writing made by him against the charters or the consignees for not loading or unloading the ship, when such declaration is attested or certified by a Notary Public or other person lawfully acting as such.

Three rupees.

 

(See also Note of protest by the master of a ship (No. 44))

 

52.

***

 

53.

***

 

54.

Reconveyance of Mortgaged property-

 

 

(a) if the consideration for which the property was mortgaged does not exceed Rs. 1,000;

The same duty as a Conveyance (No. 23) for a market value equal to the amount of such consideration as set forth in the Reconveyance.

 

(b) in any other case.

One hundred rupees

[21][55.

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

(a) When they are not members of family;

The same duty as a Bond (No. 15) for the amount of consideration or market value of the property, whichever is higher, on the share  over which the claim is relinquished.

(b) When they are members of family;

Half percent of the consideration or the market value of the property, whichever is higher, on the share over which the claim is relinquished.]

[22][Explanation- For the purpose, family, in relation to the donor shall mean the donor's father, mother, husband or wife, son daughter, daughter-in-law, brother, sister and grandchildren, which includes sons' son and daughter and daughter' son and daughter.]

56.

Respondential Bond, that is to say, any instrument securing a loan on the cargo laden or to be laden on board a ship and making repayment contingent on the arrival of the cargo at the port of destination.

The same duty as a Bond (No. 15) for the credit amount secured.

 

Revocation of any Trust or Settlement-See Settlement (No. 58, Trust (No. 64).

 

57.

Security Bond or Mortgage Deed, executed by way of security or 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 contract-

 

 

(a) when the amount secured does not exceed Rs. 5,000;

The same duty as a Bond (No. 15) for the amount secured.

 

(b) in any other case.

Two hundred and fifty rupees.

 

Exemptions

Bond or other instrument when-

 

 

(a) ......

 

 

(b) by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per mensem;

 

 

(c) by persons taking advances under the Land Improvement Loans Act, 1883 (19 of 1883) or the Agriculturist's Loans Act, 1884 (12 of 1884) or by their sureties as security for the repayment of such advances.

 

 

(d) by officers of the Government or their sureties to secure the due execution of an office or the due accounting for money or other property received by virtue thereof.

 

58.

Settlement-

 

 

A. Instrument of (including a deed of dower).

The same duty as a Bond (No. 15) for a sum equal to the amount of market value of the property settled:;

 

 

Provided that where an agreement to settle is stamped with the stamp required for an instrument of settlement, and an instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not exceed ten rupees.

 

Exemption

Deed of down executed on the occasion of a marriage between Mohammedans.

 

 

B. Revocation of

The same duty a 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 Fifty rupees.

 

See also Trust (No. 64)

 

59.

Share Warrants,

to bearer issued the Indian (Companies Act, 1913 (7 of 1913) or the Companies Act, 1956 (1 of 1956).

One and half times the duty payable on a Conveyance (No. 23). for a market value equal to the nominal amount of the shares specified in warrant.

 

Exemptions

Share warrant when issued by a Company in pursuance of the Indian Companies Act, 1913 (7 of 1913), section 43 or the Companies Act, 1956 section 114, to have affect only upon payment as composition for that duty to the Collector of stamp revenue, or

 

 

(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 issue an addition to its subscribed capital-one and half per centum of the additional capital so issued.

 

60.

Shipping order, for or relating to the conveyance of goods on board of any vessel.

One rupee.

61.

Surrender of lease,

 

 

(a) when the duty with which the lease is chargeable does not exceed Fifteen rupees;

The duty with which such lease is chargeable.

 

(b) in any other case.

One hundred rupees.

 

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

 

62.

Transfer, (Whether with or without consideration).

 

 

(a) * * *

 

 

(b) of debentures, being marketable securities, whether the debenture is liable to duty or not, except debentures provided for by section;

One half of the duty payment on a conveyance (No. 23) for a consideration equal to the face amount of the debenture.

 

(c) of any interest secured by a bond, mortgage deed or policy of insurance,-

 

 

(i) if the duty in such bond, mortgage deed or policy do not exceed five rupees;

The duty with which such bond, mortgage-deed or policy of insurance is chargeable.

 

(ii) in any other case

Twenty Rupees.

 

(d) of any transfer of property under the Administrator General Act, 1963 (No. 45 of 1963), section 22.

Thirty rupees.

 

(e) of any trust property without consideration from one trustee to anther to another trustee or from a trustee to a beneficiary.

Fifteen rupees or such smaller amount as may be chargeable under clauses (b) and (c) of the article.

 

Exemptions

 

 

Transfer by endorsement-

 

 

(a) of a bill exchange, cheque or promissory note;

 

 

(b) of a bill of lading, delivery order, warrant for goods, or other merchantile documents of title to goods;

 

 

(c) of a policy of insurance;

 

 

(d) of securities of the Central Government. See also section 8.

 

63.

Transfer of lease by way of assignment and not by way of under lease.

The same duty as a conveyance (No. 23) on the market value or the property which is the subject matter of transfer.

 

Exemption

 

 

Transfer of any lease exempt from duty.

 

64.

Trust-

 

 

A.- Declaration of- of, or concerning, any property when made by any writing not being a Will.

The same duty as a Bond (No. 15) for a sum equal to the amount or value of the property concerned, as set forth in instrument, but not exceeding five hundred rupees.

 

B.- Revocation of- of, or concerning, any property when made by any instrument other than a Will.

The same duty as a Bond (No. 15) for sum equal to the amount or value of the property concerned, as set forth in the instrument, but not exceeding Two hundred and fifty rupees.

 

See also Settlement (No. 58).

 

 

Valuation, See appraisement (No. 8)

 

 

Exemption

Charitable and religious trusts including wakf alal aulad.

 

65.

Warrant for goods, that is to say, any instrument evidencing the title of any person therein named or his assigns, or the holder thereof, to the property in any goods lying in or upon any dock, Warehouse or wharf, such instrument being singed or certified by or on behalf of the person in whose custody such goods may be.

Two rupees.

Schedule Chhattisgarh - SCHEDULE I

 

SCHEDULE I

Stamp Duty on Instruments

(See section 3)

Following are some entries of Schedule-I for which State legislature has not prescribed Stamp Duty.

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 supersession 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 supersession, 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:--

Table

 

Description of the Instrument (As specified in Schedule I to the Indian Stamp Act, 1899)

Proper Stamp-duty

 

(1)

(2)

13.

Bill of Exchange as defined by Section 2(2) not being a bond, bank note, or currency note-

 

(a)

[* * *]

 

(b)

Where payable otherwise than on demand-

 

 

(i) Where payable not more than three months after date or sight-if the amount of bill or note does not exceed Rs. 500;

[23][Thirty paise]

 

if it exceeds Rs. 500 but does not exceed Rs. 1000;

[24][Sixty paise]

 

and for every additional Rs. 1000 or part thereof in excess of Rs. 1000;

[25][Sixty paise]

 

(ii) where payable 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 Rs. 500;

[26][Sixty paise]

 

if it exceeds Rs. 500 but does not exceed Rs. 1000;

[27][One rupee twenty paise]

 

and for every additional Rs. 1000 or part there of in excess of Rs. 1000;

[28][One rupee twenty paise]

 

(iii) where payable more than six months but not more than nine months after date of sight-if the amount of the bill or note does not exceed Rs. 500;

[29][Ninety paise]

 

if it exceed Rs. 500 but does not exceed Rs. 1000;

[30][One rupee eighty paise]

 

and for every additional Rs. 1000 or part thereof in exceed of Rs. 1000;

[31][One rupee eighty paise]

 

(iv) where payable more than nine months but not more than one year after date or sight-

 

 

if the amount of the bill or note does not exceeds Rs. 500;

[32][One rupee twenty five paise]

 

if it exceeds Rs. 500 but does not exceed Rs. 1000;

[33][Two rupees fifty paise]

 

and for every additional Rs. 1000 or part thereof in excess of Rs. 1000.

[34][Two rupees fifty paise]

(c)

where payable at more than one year after date or sight--

 

 

If the amount of the bill or note does not exceeds Rs. 500;

[35][Two rupees fifty paise]

 

if it exceeds Rs. 500 but does not exceeds Rs. 1000;

[36][Five rupees]

 

and for every additional Rs. 1000 or part thereof in excess of Rs. 1000;

[37][Five rupees]

14.

Bill of Lading (including a through bill of lading)

[38][One rupees]

 

Exemptions-

 

(a)

Bill of lading when the goods therein described are received at a place within the limits of any part of as defined under the Indian Ports Act, 1889 (10 of 1889), and are to be delivered at another place within the limits of the same port;

N.B.-If a bill of leading drawn in parts, the proper stamp therefore must be borne by each one of the set.

(b)

Bill of lading when executed out of India and relating to property to be delivered in India.

 

23A.

Conveyance in the nature of part performance- Contracts for the transfer of immovable property in the nature of part performance in any Union Territory under section 53A of the Transfer of Property Act, 1882 (4 of 1882).

Ninety percent of the duty as a Conveyance (No. 23).]

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;

[39][Ten paise]

 

where it exceeds

Rs. 10

and does not exceed

Rs. 50

Ditto

50

Ditto

100;

Ditto

100

Ditto

200;

Ditto

200

Ditto

300;

Ditto

300

Ditto

400;

Ditto

400

Ditto

500;

Ditto

500

Ditto

600;

Ditto

600

Ditto

700;

Ditto

700

Ditto

800;

Ditto

800

Ditto

900;

Ditto

900

Ditto

1000

[40][Twenty paise]

[41][Thirty five paise]

[42][Seventy five paise]

[43][One rupee ten paise]

[44][One rupee fifty paise]

[45][One rupee eighty fivepaise]

[46][Two rupees twenty five paise]

[47][Two rupees sixty paise]

[48][Three rupees]

[49][Three rupees forty paise]

[50][Three rupees seventy five paise]

 

and for every Rs. 500 or part thereof in exceeds of Rs. 1000;

[51][One rupee eighty five paise]

 

(b) by delivery-

 

 

where the amount or vale of the consideration for such debenture as set forth therein does not exceeds Rs. 50;

[52][Thirty five paise]

 

where it exceeds

Rs. 50

and does not exceed

Rs. 100

Ditto

100

Ditto

200;

Ditto

200

Ditto

300;

Ditto

300

Ditto

400;

Ditto

400

Ditto

500;

Ditto

500

Ditto

600;

Ditto

600

Ditto

700;

Ditto

700

Ditto

800;

Ditto

800

Ditto

900;

Ditto

900

Ditto

1000;

[53][Seventy five paise]

[54][One rupee fifty paise]

[55][Two rupees twenty five paise]

[56][Three rupees]

[57][Three rupees seventy five paise]

[58][Four rupees fifty paise]

[59][Five rupees twenty five paise]

[60] [Six rupees]

[61][Six rupees seventy five paise]

[62][Seven rupees fifty paise]

 

and for every Rs. 500 or part thereof in exceed of Rs. 1000;

[63][Three rupees seventy five 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 a 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 holders:

 

 

Provided that the debentures so issued are expressed to be issued in terms of the said mortgage deed].

 

30.

Entry as an advocate, Vakil or Attorney on the Role of any High Court under the Indian Bar Councils Act, 1926 or in exercise of powers conferred on such Court 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 an Attorney

Two hundred and fifty rupees.

 

Exemption-entry of an advocate, Vakil or attorney on the roll of any High Court when he has previously been enrolled in High Court.

 

37.

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

[64][One rupee]

47.

Policy of Insurance

If draw singly

If drawn in duplicate for each part

 

A. Sea Insurance [See Section 7 of Indian Stamp Act, 1899 (2 of 1899)]

 

 

 

 

x

(1) for or upon any voyage-

 

 

(i) where the premium or consideration does not exceed the rate of one-eight per centum of the amount insured by the policy;

[65][Five paise]

[66][Five paise]

 

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

[67][Five paise]

[68][Five paise]

 

(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 not exceeding six months;

[69][Ten paise]

1[Five paise]

 

where the insurance shall be made for any time exceeding six month and not exceeding twelve months;

[70][Ten paise]

[71][Five paise]

 

B. Fire Insurance and other Classes if insurance, not elsewhere included in this article, covering goods, 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;

[72][Twenty five paise]

 

(ii) in any other case; and

[73][Fifty paise]

 

(2) in respect of each receipt for any payment of a premium on any renewal of an original policy.

One-half of duty payable in respect of the original policy in addition to the amount, if any, chargeable under No. 53.

C.

Accident and Sickness Insurance

 

 

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

[74][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 sickness where such amount does not exceed Rs. 1000 and also where such amount exceeds Rs. 1000, for every Rs. 1000 or part thereof.

[75][Ten paise]

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

cc.

Insurance by way of indemnity

against liability to pay damages on account of accidents of 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.

[76][Five paise]

D.

Life Insurance or group insurance or other insurance not specifically provided for, except such as reinsurance, as is described in Division-E of this article-

If Drawn Singly

If drawn in duplicate for each part

 

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

[77][Ten paise]

[78][Five paise]

 

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

[79][Ten paise]

[80][Five paise]

 

(iii) for every sum insured exceeding Rs. 500 but not exceeding Rs. 1000 and also for every Rs. 1000 or part thereof in excess of Rs. 1000

[81][Twenty paise]

[82][Ten paise]

 

 

N.B.-If a policy of group insurance is renewed or otherwise modified where by the sum insured exceeds the sum previously insured on which stamp duty has been paid, the proper stamp must be borne on the excess sum so insured.

 

Exemption-

 

 

Policies of life insurance granted by the Director General of Post Offices in accordance with rules for Postal Life Insurance issued under the authority of the Central Government.

 

E.

Re-insurance by an insurance company, which has granted a policy of the nature specified in Division A or Division B of this

One-quarter of the duty payable in respect of the original insurance but not less than [83][five paise] or more than [84][fifty paise]:

 

article, with another company by way of indemnity or guarantee against the payment on the original insurance of a certain part of the sum insured thereby.

Provided that if the total amount of duty payable is not a multiple of five [85][omitted] paise, the total amount shall be rounded off to the next higher multiple of five [86][omitted] paise.

 

General Exemption-

 

 

Letter of cover or engagement to issue a policy of insurance;

 

 

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)-

 

 

(a) when payable on demand

 

 

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

[87][Five paise]

 

(ii) when the amount or value exceeds Rs. 250 but does not exceed Rs. 1000;

[88][Ten paise]

 

(iii) in any other case;

[89][Fifteen paise]

 

(b) when payable otherwise then 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 election of the members of a district or local board or of a body of municipal commissioners, or at any one meeting of-

[90][Fifteen paise]

 

(a) members of an incorporated company or other body corporate whose stock or funds is or are divided into shares and transferable,

 

 

(b) a local authority, or

 

 

(c) proprietors; members or contributors to the funds of any institution.

 

53.

Receipts (as defined by section [91](23) for any money or other property the amount or value of which exceeds [92][five thousand rupees]

One rupee

 

Exemptions-

 

 

Receipt-

 

 

(a) endorsed on or contained in any instrument duly stamped or any instrument exempted under the proviso to section 3 (instruments executed on behalf of the Government) or any cheque or bill of exchange payable on demand acknowledging the receipt of the consideration money therein expressed, or the receipt of any principal money interest or annuity, or other periodical payment thereby secured;

 

 

(b) for any payment of money without consideration;

 

 

(c) for any payment of rent by a cultivator on account of land assessed to Government revenue, or in the States of Madras, Bombay and Andhra as they existed immediately before the 1st November, 1956 of inam lands;

 

 

(d) for pay or allowances by non-commissioned or petty officers, solders, sailors or airmen of the Indian military, naval or air forces, when serving in such capacity, or by mounted police constables;

 

 

(e) giving by holders of family-certificates in cases where the person from whose pay or allowances the sum comprised in the receipt has been assigned is a non commissioned or petty officer, soldier, sailor or airman of any of the said forces and serving in such capacity;

 

 

(f) for pensions or allowances by per sons receiving such pensions or allowances in respect of their service as such non-commissioned or petty officers soldiers, sailors or airmen and not serving the Government in any other capacity;

 

 

(g) giving by a headman or lambardar for land revenue or taxes collected by him;

 

 

(h) given for money or securities for money deposited in the hands of

 

 

any banker to be accounted for; Provided that the same is not expressed to be received of, or by the hands of, any other than the person to whom the same is to be accounted for:

 

 

Provided also that this exemption will not extend to a receipt or acknowledgment for any sum paid or deposited for or upon a letter of allotment of a share, or in respect of a call upon any script or share of, or in, any incorporated company or other body corporate or such proposed or intended company or body or in respect of a debenture being a marketable security.

 

62.

Transfer (Whether with or without consideration)--

 

 

(a) of shares in an incorporated company or other body corporate;

[93][Twenty-five paise for every hundred rupees or part thereof 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 usance bills of exchange or promissory notes drawn or made for securing finance from Reserve Bank of India, Industrial Finance Corporation of India, Industrial Development Bank of India, State Financial Corporation, Commercial Bank and Cooperative Banks for (a) bona fide 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 instrument 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 agricultural 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 of any organization of such producers.

Explanation 2.-- The duty chargeable shall, wherever necessary, be rounded off to the next five paise.

 



[1] Substituted by Act 5 of 1927, Section 5, for "promissory note or cheque."

[2] Substituted by Act 19 of 1958, Section 7, for "with the duty of one anna" w.e.f.1-10-1958.

[3] Substituted by Act 5 of 1927, Section 5, for note or cheque.

[4] Substituted by Act 5 of 1927, Section 5, for note or cheque.

[5] Substituted by Act 5 of 1927, Section 5, for note or cheque.

[6] Sub-Section (4) and sub-section (6) shall be omitted and sub-section (5) and sub-section (8) shall be substituted by Indian Stamp (Chhattisgarh Amendment) Act, 2006.

[7] Sub-Section (4) shall be added and sub-section (5), sub-section (6) and sub-section (8) shall be substituted by Indian Stamp (Chhattisgarh Amendment) Act, 2010.

[8] Inserted by Indian Stamp (Chhattisgarh Amendment) Act, 2005 (No. 4 of 2005) (w.e.f. 12-5-2005). Published in Chhattisgarh Rajpatra (Asadharan) dated 12-5-2005 Page 190(1).

[9] Substituted by Chhattisgarh Act No. 09 of 2014 (w.e.f. 26-03-2014). Published in Chhattisgarh Rajpatra (Asadharan) dated 26-03-2014 Pages 292(4-7).

[10] Inserted by Chhattisgarh Act No. 09 of 2014 (w.e.f. 26-03-2014). Published in Chhattisgarh Rajpatra (Asadharan) dated 26-03-2014 Pages 292(4-7).

[11] Inserted by Indian Stamp (Chhattisgarh Amendment) Act, 2005 (No. 4 of 2005) (w.e.f. 12-5-2005). Published in Chhattisgarh Rajpatra (Asadharan) dated 12-5-2005 Page 190(1).

[12] Inserted by Chhattisgarh Act No. 23 of 2015 (w.e.f. 04-06-2015). Published in Chhattisgarh Rajpatra (Asadharan) dated 04-06-2015 Pages 646(1-2).

[13] Substituted by Chhattisgarh Act No. 09 of 2014 (w.e.f. 26-03-2014). Published in Chhattisgarh Rajpatra (Asadharan) dated 26-03-2014 Pages 292(4-7).

[14] Substituted by Chhattisgarh Act No. 23 of 2015 (w.e.f. 04-06-2015). Published in Chhattisgarh Rajpatra (Asadharan) dated 04-06-2015 Pages 646(1-2).

[15] Inserted by Chhattisgarh Act No. 07 of 2016 (w.e.f. 29-01-2016). Published in Chhattisgarh Rajpatra (Asadharan) dated 29-01-2016 Pages 58(2-3).

[16] Substituted by Chhattisgarh Act No. 09 of 2014 (w.e.f. 26-03-2014). Published in Chhattisgarh Rajpatra (Asadharan) dated 26-03-2014 Pages 292(4-7).

[17] Substituted by Chhattisgarh Act No. 27 of 2013 (w.e.f. 07-08-2013). Published in Chhattisgarh Rajpatra (Asadharan) dated 07-08-2013 Pages 696(1)-(2).

[18] Substituted by Chhattisgarh Act No. 09 of 2014 (w.e.f. 26-03-2014). Published in Chhattisgarh Rajpatra (Asadharan) dated 26-03-2014 Pages 292(4-7).

[19] Inserted by Chhattisgarh Act No. 23 of 2015 (w.e.f. 04-06-2015). Published in Chhattisgarh Rajpatra (Asadharan) dated 04-06-2015 Pages 646(1-2).

[20] Explanation II Inserted by Chhattisgarh Act No. 14 of 1997 (w.e.f. 01-05-1997).

[21] Substituted by Chhattisgarh Act No. 23 of 2015 (w.e.f. 04-06-2015). Published in Chhattisgarh Rajpatra (Asadharan) dated 04-06-2015 Pages 646(1-2).

[22] Substituted by Chhattisgarh Act No. 23 of 2015 (w.e.f. 04-06-2015). Published in Chhattisgarh Rajpatra (Asadharan) dated 04-06-2015 Pages 646(1-2).

[23] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[24] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[25] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[26] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[27] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[28] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[29] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[30] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[31] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[32] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[33] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[34] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[35] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[36] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[37] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[38] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[39] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[40] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[41] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[42] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[43] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[44] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[45] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[46] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[47] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[48] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[49] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[50] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[51] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[52] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[53] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[54] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[55] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[56] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[57] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[58] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[59] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[60] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[61] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[62] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[63] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[64] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[65] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[66] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[67] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[68] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[69] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[70] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[71] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[72] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[73] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[74] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[75] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[76] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[77] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[78] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[79] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[80] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[81] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[82] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[83] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[84] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[85] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[86] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[87] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[88] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[89] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[90] Substituted by Ministry of Finance (Dept. of Revenue) Notification No. S.O. 130(E), dated 28th January, 2004.

[91] Substituted by The Finance Act, 2004 (No. 23 of 2004) (w.e.f. 16-9-2004).

[92] Substituted by The Finance Act, 2004 (No. 23 of 2004) (w.e.f. 16-9-2004).

[93] Substituted by The Finance Act, 2004 (No. 23 of 2004) (w.e.f. 16-9-2004).