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    Stamp Duty Changes From 10.7.2023

    Uploaded by

    Preetha Chelladurai
    The document outlines various types of legal instruments and agreements and lists the applicable rates of stamp duty in the state of Tamil Nadu, India both before and after an amendment on July 10, 2023. Key instruments include acknowledgement of debt, affidavit, guarantee agreement, equitable mortgage, pledge, hypothecation, indemnity, English mortgage. Rates are provided as a percentage of monetary value or fixed amount, with some caps introduced in the amended rates.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Stamp Duty Changes From 10.7.2023

    Uploaded by

    Preetha Chelladurai
    52 views2 pages
    The document outlines various types of legal instruments and agreements and lists the applicable rates of stamp duty in the state of Tamil Nadu, India both before and after an amendment on July 10, 2023. Key instruments include acknowledgement of debt, affidavit, guarantee agreement, equitable mortgage, pledge, hypothecation, indemnity, English mortgage. Rates are provided as a percentage of monetary value or fixed amount, with some caps introduced in the amended rates.

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    Stamp Duty changes from 10.7.2023

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    The document outlines various types of legal instruments and agreements and lists the applicable rates of stamp duty in the state of Tamil Nadu, India both before and after an amendment on July 10, 2023. Key instruments include acknowledgement of debt, affidavit, guarantee agreement, equitable mortgage, pledge, hypothecation, indemnity, English mortgage. Rates are provided as a percentage of monetary value or fixed amount, with some caps introduced in the amended rates.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    52 views2 pages

    Stamp Duty Changes From 10.7.2023

    Uploaded by

    Preetha Chelladurai
    The document outlines various types of legal instruments and agreements and lists the applicable rates of stamp duty in the state of Tamil Nadu, India both before and after an amendment on July 10, 2023. Key instruments include acknowledgement of debt, affidavit, guarantee agreement, equitable mortgage, pledge, hypothecation, indemnity, English mortgage. Rates are provided as a percentage of monetary value or fixed amount, with some caps introduced in the amended rates.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Instrument 

    Article Rate of Stamp Duty Rate of Stamp Duty (in


    No.  (in Rs.) before Rs.) 
    amendment with effect from
    10.07.2023
    Acknowledgement of Art. 1  1 No change
    Debt 
    Affidavit  Art. 4  20 No change
    Agreement (creation of ---------  There is no such There is no specific
    any obligation, right or provision under the provision under the Indian
    interest and having Indian Stamp Act, 1899 Stamp Act, 1899 in its
    monetary value)  in its application to application to Tamil Nadu. 
    Tamil Nadu.
    Guarantee Agreement  Art.57(b)  80 No change
    Agreement (if not Art. 5(j)  20 No change
    otherwise provided for) 
    Equitable Mortgage  Art. 6(1) If loan repayable in If loan repayable in more
    (a)  more than 3 months -– than 3 months – 0.5% of
    0.5% of the value of the the value of the debt with
    debt with upper cap of upper cap of Rs.40,000/-* 
    Rs.30,000/-* Note: Registration fee @
    Note: Registration fee 1% of the loan amount
    @ 1% of the loan subject to a maximum of
    amount subject to a Rs.8000/-* 
    maximum of Rs.6000/-* (See Footnote for
    (See Footnote for exemptions to MSMEs) 
    exemptions to MSMEs)
    Pledge  Art. 6(2)  (i) If loan repayable in No change  
    more than 3 months-
    0.5% of the value of the
    debt.
    (ii) Less than 3 months
    —0.25% of the Loan
    Hypothecation  Agreement 120  No change
    + POA 
    Indemnity  Art. 34  80  No change
    English / Registered Art. 40(b)  (a) Mortgage deed for (a) Mortgage deed for
    Mortgage  securing loans other securing loans other than
    than debentures @ 1% debentures @ 1% of the
    of the loan amount loan amount subject to a
    subject to a upper cap of upper cap of Rs.50,000/-. 
    Rs.40,000/-. Note: Registration fee for
    Note: Registration fee (a) above, the maximum fee
    for (a) above, the payable is Rs.15,000/-. 
    maximum fee payable is (b) Mortgage deed executed
    Rs.10,000/-. for securing debentures @
    (b) Mortgage deed 1% of the loan amount
    executed for securing subject to a upper cap of
    debentures @ 1% of the Rs.10,00,000/-. (w.e.f.
    loan amount subject to a 17.03.2020) ## 
    upper cap of Note: Registration fee for
    Rs.10,00,000/-. (w.e.f. (b) above, the maximum
    17.03.2020) ## fee payable is
    Note: Registration fee Rs.1,00,000/-. (w.e.f.
    for (b) above, the 17.03.2020). 
    maximum fee payable is
    Rs.1,00,000/-. (w.e.f.
    17.03.2020).
    General PoA  Art. 48(c)  100 No change

     
     

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