Table of Contents
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
| Document | Explanation | Stamp Duty |
|---|---|---|
| Acknowledgement of a debt | A written acknowledgment of owing a debt. | Rs. 100 |
| Administration Bond | A bond filed by administrators of an estate. | Rs. 500 |
| Adoption Deed | Legal document formalizing the adoption of a person. | Rs. 10 |
| Affidavit | A written statement of facts sworn to be true. | Rs. 100 |
| Agreement or Memorandum of an Agreement | A contract between parties outlining terms and conditions. | |
| Agreement related to deposit of Title-Deeds, Pawn or Pledge | Document related to the deposit or pledge of assets. | |
| Appointment in Execution of Power | Document appointing someone to execute a power. | Rs. 1000 |
| Appraisement or Valuation | Document relating to the appraisal or valuation of property. | Rs. 300 |
| Apprenticeship Deed | Agreement outlining terms of an apprenticeship. | Rs. 300 |
| Articles of Association of a Company | Document detailing regulations for a company’s operation. | |
| Articles of Clerkship | Document related to a clerk’s articles of training. | Rs. 300 |
| Award | Legal decision or judgment by an arbitrator. | Rs. 500 |
| Bill of Exchange | Written order to pay a certain amount to a specific party. | |
| Bond | Agreement with specified financial obligations. | 1% of the amount of bond |
| Bottomry Bond | Bond related to maritime law, involving ship and cargo. | 1% of the amount of bond |
| Cancellation | Document cancelling a previous agreement or transaction. | Rs. 500 |
| Certificate of Sale | Document certifying the sale of property. | Rs. 5 on Every Rs. 500 |
| Certificate or Other Document | General term for various types of certificates. | 1% of the value of shares |
| Charter Party | Agreement for hiring a whole or part of a ship. | Rs. 500 |
| Composition Deed | Agreement settling terms of debt repayment. | Rs. 500 |
| Conveyance | Transfer of property ownership. | 8% of the market value of property |
| Conveyance in the nature of part performance | Conveyance showing partial transfer. | 90% of (Rs. 5 on Every Rs. 500) |
| Copy or extract | Duplicate copy or extract of a document. | Rs. 10 |
| Counterpart or duplicate | Duplicate or counterpart of an original document. | Rs. 100 |
| Customs Bond | Bond related to customs duties or taxes. | Rs. 500 |
| Debenture | Document evidencing a loan or debt. | |
| Divorce | Legal dissolution of a marriage. | Rs. 300 |
| Entry as an advocate, vakil, or attorney on the roll of any high court | Enrolment as a legal practitioner. | Rs. 500 (Advocate/Vakil), Rs. 250 (Attorney) |
| Exchange of Property | Transfer of property through exchange. | |
| Further Charge | Additional charge on an existing mortgage. | |
| Gift | Transfer of property as a gift. | |
| Indemnity Bond | Bond ensuring compensation for loss or damage. | Rs. 5 |
| Lease | Legal agreement for property use. | Explained Here |
| Letter of allotment of shares | Letter 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 License | Document granting a license for certain actions. | Rs. 100 |
| Memorandum of association of a company | Legal document outlining company’s constitution. | Rs. 40 |
| Mortgage Deed | Document related to mortgage of property. | |
| Mortgage of a crop | Mortgage of agricultural produce or crop. | Rupee 1 |
| Notarial Act | Act performed by a notary public, often involving oaths. | Rs. 50 |
| Note or Memorandum | Written note or memorandum of a transaction. | Rs. 50 |
| Partition | Document related to the partition of property. | |
| Partnership Deed | Agreement outlining terms of partnership. | Rs. 500 |
| Dissolution of Partnership | Document regarding the dissolution of a partnership. | Rs. 500 |
| Power of Attorney | Authorization to act on someone’s behalf. | Rs. 500 |
| Protest of Bill or Note | Formal declaration of dishonor of a negotiable instrument. | Rs. 300 |
| Receipt | Document acknowledging the receipt of money or goods. | Rupee 1 |
| Surrender of Lease | Document surrendering a lease agreement. | Rs. 1000 |
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- 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.
- 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.