Sub Registrar’s Office
30 Bays Building Ground Floor,
Room No. 1 & 2 near Estate Office,
(Old Building) adjoining Central State Library,
Sector 17, UT, Chandigarh
Collector Shri Dr. Rajender Kumar, IAS
District Collector Office(Rajkot)
Phone (O): 0281-2473900
Inspector General of Registration & Commissioner of Stamps
& Chief Controlling Revenue Authority in Karnataka,
Kandaya Bhavan 8th floor,K.G. Road,
Stamp Duty basically is one type of government tax which is collected by Indian Government. The Government of Britain was the first to introduce Stamp Duty in Indian sub continent by enacting Indian Stamp Act of 1899. Stamp Duty has to be paid for those transactions which are performed by the way of instrument or document under those provisions of the Bombay Stamp Act of 1958 & Indian Stamp Act of 1899 to Collector of the Stamps. The proceeds in regard with this Duty goes directly to State inside which the individuals are levied.
Stamp Duty stays payable whenever any contractual transaction or other property has entered into, here in even India or abroad. This tax is levied on those instruments or documents of transactions when selling and buying property. However, this subject is matter of transaction which must be located in India.
Stamp Duty tax is expectedly to be paid on time & in full. Penalty when not paid involves fine or it can be imprisonment as well. Any Delay in the payment of this property regarding Stamp Duty will due to draw one with penalty at rate of two per cent each month on deficit amt of Stamp Duty & as maximum penalty being around 200% of deficit amount of Stamp Duty.
All documents stay chargeable with the duty & executed in the subcontinent India that shall be always stamped. Stamp Duty is paid document / instrument is considered as legal document/instrument & admitted as per evidence in legal courts. The documents/ instruments without requisite Duty of Stamp are not allowed as evidences by court. It is a liability that has to be seized by anyone Public Officer or the Court before them it has to be produced or when it comes infront of them in course of the discharge of the duties.
When one nominee transfers any flat subsequently in name of the legal heirs, here the transferable instrument is also required to get stamped as per market value. The market value of the property is determined by authorities of Stamp Duty at the office of Stamp Duty in that area where property is situated. However, when the value is being decided by Government or the Quasi-Government body, then this becomes valid market value for purpose of the Stamp
This is important to have knowledge that the Stamp Duty has to be paid on the instruments & not on the transactions.