on the refundable security deposit or money advanced or to be advanced, by whatever name called. The Ready Reckoner is also available online on the IGR website. * The amount of stamp duty has been calculated as per the provisions of Maharashtra Stamp Act( Bom. 1stApril, 2021. ADMINISTRATION BOND including a bond given under section 6 of the government Savings Banks Act, 1873 or the Indian Succession Act, 1925. 0.2 % of the amount agreed in the contract. Now, Let's discuss the Stamp Duty in State-Delhi. 100. MHADA, CIDCO, BPT, MC, MIDC etc., or Income Tax Dept. 2. Our current leave and license agreement period is coming to an end in April start and inorder to sign a new agreement we all 3 need to be here but my sister is flying to another country for a few months in march so we decided on making a new agreement and signing and registering it with stamp duty in march . The same duty as is leviable on a Conveyance under clauses (b) or (c), as the case may be of Article 25, on the market value of the property. Sale Certificate issued by any competent office or authority under any Recovery Act, Agreement relating to the Deposit of title deeds, where such deposit has been made by way of security for the repayment of a loan or an existing or future debts. CANCELLATION --Instrument of, if attested and not otherwise provided for. 2. Stamp duty is the transactional tax, which plays a key role in the transactions made on a property. LX of 1958), the Government of Maharashtra, having satisfied that it is necessary to do so in the public interest, hereby reduces, with effect from the 1st August, 1994, the maximum duty chargeable on Articles of Association of a Company under Article 10 of Schedule I of the said Act, to Rs. For all properties with a market value below Rs.30 Lakh, the registration charges are set at a static Rs.30,000. EXCISE BOND, See Customs Bond or Excise Bond (Article 28). The reduced stamp duty shall apply to all loan agreements executed by borrowers in favour of banks, financial institutions, and financial development corporations. Earlier, if the resale of such Immovable Property took place within one year of purchase, the stamp duty payable would only be on the difference of the property rates calculated in the purchase price and the resale price, and not on the entire consideration amount when the property is resold. Trademark Agreement, 2. In Maharashtra, stamp duty charges on the market value of the property or on the agreement value . STAMPS TO BE USED -- Adhesive Stamp Paper Rule 11, ARTICLE 39 MEMORANDUM OF ASSOCIATION OF A COMPANY (Detailed chart attached). A Leave and Licence Agreement is also known as a Rent Agreement. Stamp Duty Consultant & Registration of all types of Documents; Registration of Firm, Property, Brand, Logo, Trademark; Leave & License Agreement (Online Registration) Notice of Intimation . Mumbai. 4.6 The date of issue of the stamp paper must not be more than 6 months older than the date of the transaction. 10 % of the aggregate of the market value of the shares issued or allotted in exchange or otherwise and the amount of consideration paid for such amalgamation: Provided that, the amount of duty, chargeable under this clause shall not exceed, -, (i) an amount equal to 5 % of the true market value of the immovable property located within the State of Maharashtra of the transferor company; or. Ms.Usha Kapoor (CEO) 02 September 2016 Dear Client, As far as copy right is copncerned stamp duty is completely exempted according to Article 25 of Schedule 1 of Bombay stamp Act. All agreements for leave and license must be stamped and registered. 0.5 % of the amount agreed in the contract. Using this site anyone like importer, supplier, transporter and agent can pay Octroi tax online to the Municipal Corporation of Greater Mumbai. STAMPS TO BE USED -- Non - Judicial Stamp Paper Rule 6 or Impressed Label/Special Adhesive Stamp Paper under Rule 11. (ii) an amount equal to 0.7 %, of the aggregate of the market value of the shares issued or allotted in exchange or otherwise and the amount of consideration paid, for such amalgamation, whichever is higher: Provided further that, in case of reconstruction or demerger the duty chargeable shall not exceed, -, (i) an amount equal to 5 % of the true market value of the immovable property located within the State of Maharashtra transferred by the Demerging Company to the Resulting company; or. Areas for the allotment of residential premises (4), 12.1MAJOR ARTICLES AS PER SCHEDULE I OF THE MAHARASHTRA STAMP ACT, (1) A debt written or signed by, or on behalf of, a debtor in order to supply evidence of such debt in any book (other than a bankers pass book) or on a separate piece of paper when such book or paper is left in the creditors possession ,and the amount or value of such debt-. The slashing of stamp duty in Mumbai from 5% to 2% from September to December 2020, and 3% till March 31, 2021, had boosted residential realty sales. How much are stamp duty and registration charges in Karnataka for agricultural land? Stamp Duty Consultation And . 100+50=150 And just to be sure that something is not left out. The eSBTR is a receipt of duty paid to the government. Stamp duty on foreign currency loan agreements is generally capped at RM2,000. This type of agreement is used to allow a licensee to use a licensor's property for commercial or personal use for the duration of the contract. (ii) an amount equal to 0.7%, of the aggregate of the market value of the shares issued or allotted to the Resulting Company and the amount of consideration paid, for such demerger, whichever is higher: Exemption: Assignment of copyright under the Copyright Act, 1957 (IXV of 1957). Individuals, small enterprises, or startups must file with the TM application by paying a fee of 4,500 for e-filing or 5,000 for filing by hand Based on the type of TM applied as per the stamp duty act, one needs to pay 5% stamp duty per TM application or assignment submitted Forms of Identification In Maharashtra, the Stamp Duty rate ranges from 3% to 6% of the total transaction price and is subject to variations based on document type, locality, and other factors. A license can apply to any type of intellectual property - trademark, patent, copyright, design and/or know-how. 5,000, is leviable with Re. 9.18 Delegation of certain powers to CCRA : Addl. 100. A license may apply to any type of IP -trademark, patent, copyright,design and/or know-how. (5) No refund shall be granted where stamp duty has already been paid by any project proponent or the Purchaser of any unit prior to the date of publication of this Order in the Maharashtra Government Gazette. STAMPS TO BE USED- Non - Judicial Stamp Paper Rule 6 or Special Adhesive Stamp Paper under Rule 10(ii), MORTGAGE DEED, not being an agreement relating to Deposit of Title Deeds, Pawn or Pledge or Hypothecation (Article 6), Bottomry Bond (Article 14), Mortgage of a Crop (Article 41), Respondentia Bond (Article 53), or Security Bond or Mortgage Deed (Article 54)-. Forsection 68of the principal Act, the following section shall be substituted, namely : 68. 1% of the amount of share contribution subject to maximum of Rs.15,000. --Where under clause (f), duty has been paid on the power of attorney, and a conveyance relating to that property is executed in pursuance of power of attorney between the executant of the power of attorney and the person in whose favour it is executed, the duty on conveyance shall be the duty calculated on the market value of the property reduced by duty paid on the power of attorney. 1983). Insection 72of the principal Act, (i) in clause (a) the word and shall be deleted; (ii) after clause (a), the following clause shall be inserted, namely : (a-a) powers conferred on it by clause (b) of section 9, to the Additional Controller of Stamps, Mumbai or any other officer; and.. To use this stamp duty calculator, follow this simple step: Step 1: Visit the stamp duty online calculator page. In simple terms, we can call Stamp Duty as Price of Stamp paper. Stamp Duty to be paid on the market value of the shares and debentures. 5 100 or an amount equal to 5% of the amount of consideration, whichever is higher, (iii) any Municipal Corporations other than those Municipal Corporations mentioned in columns (i) and (ii)--, Rs. Conditions (1) Maharashtra Housing and Area Development Authority (MHADA) must certify that the Project is an approved project under the Pradhan Mantri Awas Yojana- Housing for All (Urban). For Land, Flat, Shop, Office and Industrial Unit etc. B. STAMPS TO BE USED- Non-Judicial Stamp Paper, Rule 6 or Impressed Label/Special Adhesive Stamp [see Rules10 & 11]. In India there are 29 States and Stamp Duty varies in each State for ex: The Stamp Duty for Rent Agreement in Delhi is Rs. See also Settlement (Article 55). Only authorised vendors can sell the stamps. 1000 and maximum of Rs.50,00,000. Select the option based on your requirement, such as "Sales Deed" and "Agreement to sale". 0.1% of the value of the shares ,scrip or stock. If you register your vacation and license agreement with a lawyer in Mumbai, it could cost between INR 3,000 and INR 7,000, including legal fees. 9.9 Deficient portion of stamp duty : amount of maximum penalty increased. The agreements are for: 1. Registration fees, on the other hand, stand at a standard one per cent across states. Explanation II. Usc of adhesive stamps. (1) having area upto 27.88 squares meters (300 square feet); Rs. Yes, when you buy a house in Mumbai that will take two years to get ready for possession, you will have to pay 2% as stamp duty and 1% as the registration charge on the purchase. Any party to an instrument can also. Provided that in case of instrument executed by consortium of banks, the duty chargeable shall not exceed 50 lakhs. Further, any public officer can impound such improperly stamped instruments if it comes to his notice. For the purpose of this article, the market value, for the instruments falling under section 2 (n) (iii) (Toll Agreements) and article 5 (g-e) (Hire Purchase agreement), shall be the total contract value and they shall be chargeable to duty same as under clause (a) of article 25. RECORD OF TRANSACTION (Electronics or otherwise) effected by a trading member through a stock exchange or the association referred to in Section 10 B-, (a) if relating to sale and purchase of Government securities, Rs.50 for every Rs. In Case Duty Exceeding Re. on the market value shall be substituted; (ii) the words whichever is less shall be deleted. Explanation For the purposes of this sub clause, the unit shall include a flat, apartment, tenement, block or any other unit by whatever name called, as approved by the Competent Authority in the building plan. // --> . In section 70 of the principal Act, sub-section (2) shall be deleted. // -->