Stamp Paper: Lakshadweep

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Introduction

Discover the seamless way to obtain stamp papers online through eSahayak. With our efficient service, you can receive your required stamp papers within 15 minutes of placing your order. Whether you prefer a digital copy or a hard copy, we’ve got you covered. Experience the convenience of quick delivery and hassle-free procurement of your stamp paper needs.

The Draft Indian Stamp (Lakshadweep Amendment) Regulation, 2021

The Draft Indian Stamp (Lakshadweep Amendment) Regulation, 2021 is a proposed regulation that would amend the Indian Stamp Act, 1899 in the Union Territory of Lakshadweep. The amendment would introduce a number of changes to the law, including:

  • Increasing the stamp duty on property transactions
  • Introducing a stamp duty on the lease of immovable property
  • Requiring the registration of all immovable property transactions
  • Imposing penalties for non-compliance with the registration requirement

The draft regulation has been met with criticism from some quarters, who argue that it would make it more difficult for people to own property in Lakshadweep and would discourage investment in the territory. The government has defended the draft regulation, arguing that it is necessary to raise revenue and to protect the interests of landowners.

The following are some of the key provisions of the draft regulation:

  • The stamp duty on property transactions would be increased from 5% to 8%.
  • A stamp duty of 1% would be introduced on the lease of immovable property.
  • All immovable property transactions would be required to be registered with the Registrar of Assurances.
  • A penalty of up to Rs. 10,000 would be imposed for non-compliance with the registration requirement.

Stamp Duty in Lakshadweep

DocumentExplanationStamp Duty
Acknowledgement of a debtA written acknowledgment of owing a debt.Rs. 100
Administration BondA bond filed by administrators of an estate.Rs. 500
Adoption DeedLegal document formalizing the adoption of a person.Rs. 10
AffidavitA written statement of facts sworn to be true.Rs. 100
Agreement or Memorandum of an AgreementA contract between parties outlining terms and conditions.
Agreement related to deposit of Title-Deeds, Pawn or PledgeDocument related to the deposit or pledge of assets.
Appointment in Execution of PowerDocument appointing someone to execute a power.Rs. 1000
Appraisement or ValuationDocument relating to the appraisal or valuation of property.Rs. 300
Apprenticeship DeedAgreement outlining terms of an apprenticeship.Rs. 300
Articles of Association of a CompanyDocument detailing regulations for a company’s operation.
Articles of ClerkshipDocument related to a clerk’s articles of training.Rs. 300
AwardLegal decision or judgment by an arbitrator.Rs. 500
Bill of ExchangeWritten order to pay a certain amount to a specific party.
BondAgreement with specified financial obligations.1% of the amount of bond
Bottomry BondBond related to maritime law, involving ship and cargo.1% of the amount of bond
CancellationDocument cancelling a previous agreement or transaction.Rs. 500
Certificate of SaleDocument certifying the sale of property.Rs. 5 on Every Rs. 500
Certificate or Other DocumentGeneral term for various types of certificates.1% of the value of shares
Charter PartyAgreement for hiring a whole or part of a ship.Rs. 500
Composition DeedAgreement settling terms of debt repayment.Rs. 500
ConveyanceTransfer of property ownership.8% of the market value of property
Conveyance in the nature of part performanceConveyance showing partial transfer.90% of (Rs. 5 on Every Rs. 500)
Copy or extractDuplicate copy or extract of a document.Rs. 10
Counterpart or duplicateDuplicate or counterpart of an original document.Rs. 100
Customs BondBond related to customs duties or taxes.Rs. 500
DebentureDocument evidencing a loan or debt.
DivorceLegal dissolution of a marriage.Rs. 300
Entry as an advocate, vakil, or attorney on the roll of any high courtEnrolment as a legal practitioner.Rs. 500 (Advocate/Vakil), Rs. 250 (Attorney)
Exchange of PropertyTransfer of property through exchange.
Further ChargeAdditional charge on an existing mortgage.
GiftTransfer of property as a gift.
Indemnity BondBond ensuring compensation for loss or damage.Rs. 5
LeaseLegal agreement for property use.Explained Here
Letter of allotment of sharesLetter confirming allocation of shares in a company.Rs. 10
Letter of Credit (Letter of Guarantee)Financial instrument to ensure payment to a third party.Rupee 1
Letter of LicenseDocument granting a license for certain actions.Rs. 100
Memorandum of association of a companyLegal document outlining company’s constitution.Rs. 40
Mortgage DeedDocument related to mortgage of property.
Mortgage of a cropMortgage of agricultural produce or crop.Rupee 1
Notarial ActAct performed by a notary public, often involving oaths.Rs. 50
Note or MemorandumWritten note or memorandum of a transaction.Rs. 50
PartitionDocument related to the partition of property.
Partnership DeedAgreement outlining terms of partnership.Rs. 500
Dissolution of PartnershipDocument regarding the dissolution of a partnership.Rs. 500
Power of AttorneyAuthorization to act on someone’s behalf.Rs. 500
Protest of Bill or NoteFormal declaration of dishonor of a negotiable instrument.Rs. 300
ReceiptDocument acknowledging the receipt of money or goods.Rupee 1
Surrender of LeaseDocument surrendering a lease agreement.Rs. 1000

How It Works

  1. Fill in Details: Provide the necessary information like your state, denomination of stamp, and purpose of stamp paper and provide us the information of purchaser. Choose between a digital soft copy or opt for a hard copy if you need doorstep delivery.
  2. Swift Processing: Once you’ve submitted your details, sit back and relax. Within 15 minutes, you’ll receive the soft copy of the stamp paper on your WhatsApp number.

Why Choose eSahayak for Your Stamp Paper Needs?

Discover the advantages of procuring stamp papers through eSahayak’s service, simplifying your stamp paper procurement process.

  • Simpler Than Physically Obtaining Stamp Paper
    Skip the queues and save time by obtaining stamp papers online. With eSahayak, the process is streamlined, eliminating the need for physical visits.
  • Error Avoidance and Editing Convenience
    Before placing your final order, our system prompts you to review and reconfirm the stamp paper details. This step minimises the chances of errors and allows for corrections and edits before proceeding.
  • Timely Availability
    With eSahayak, you can count on timely availability. Receive your stamp papers promptly without any unnecessary delays.
  • Digital Accessibility and Security
    Say goodbye to the risk of losing physical documents. eSahayak ensures that your stamp papers are always digitally accessible, providing you with peace of mind.
  • Nationwide Access from the Comfort of Your Home
    No matter where you are in the country, you can place stamp duty orders through eSahayak from the comfort of your home. Our platform is designed to cater to your needs, regardless of your location.

Frequently Asked Questions

Yes, all stamp papers procured through eSahayak are legally valid and comply with the regulations of your state.