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The Indian Stamp (Jharkhand Amendment) Act, 2018 is an Act of the Jharkhand legislature that amended the Indian Stamp Act, 1899. The amendment allows for the online payment of stamp duty in the state of Jharkhand.
The amendment was passed in response to the increasing demand for online services in the state. It also aims to make the payment of stamp duty more convenient and efficient.
The amendment made the following changes to the Indian Stamp Act, 1899:
The amendment came into force on 30th July, 2018.
|Description of Instrument||Stamp Duty (In INR)||Registration Fee (In INR)|
|(i) Less than or equal to 1000||25||3% of bond value|
|(ii) More than 1000 and less tha or equal to 5000||5.25% of the value of bond||3% of bond value|
|(iii) More than 50000||6.30% of the value of bond||3% of bond value|
|Conveyance (Sale deed)||4% of the value of the|
|document||3% of document value|
|(i) Less than or equal to 1000||31.5||3% of deed value|
|(ii) More than 1000 and less than or equal to 10000||31.50 + 21 * (Value exceeding 1000 in multiples of 500)||3% of deed value|
|(iii) More than 10000||As in (ii) + 31.50 * (Value exceeding 10000 in multiples of 500)||3% of deed value|
|Mortgage||4.20%||2% of deed value|
|Partition||Same as Bond||3% of deed value|
|Power of Attorney||31.5||1,000|
|Trust (Declaration of)||47.25||1,000|
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Yes, all stamp papers procured through eSahayak are legally valid and comply with the regulations of your state.
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