This is a pre-cachet used in front of the yard and the collector and the additional collector. The above-mentioned stamps are – 0.25 paise 0.50 paise Rs.1 Rs.2 Rs.3 Rs.4 Rs.5 Rs.10 or Rs.20. Stamp duty for the purchase of housing: buyers who invest in housing must pay stamp duty on the basis of their individual share. This means that if the project is set up on a land of 50,000 square meters and they have a unit of 5,000 sq. All they have to do is make payments for the land they use. In addition, if there is a demand for the same by the banks, special adhesive certificates of francization are available. These stamps have already gained great popularity in the state of Gujarat and many others. Currently, the government has sanctioned a new type of stamp, the so-called electronic stamp. The complete stamp/franking paper system is now being replaced by an electronic stamp system. Cut-out papers continue to be used; However, electronic versions are being developed to reduce the risk of fraud.
Although each stamp paper has a monetary value, it cannot be treated as a negotiable instrument or exchanged as a banknote. The document is used for the authenticity of official agreements. Documents with legal implications, such as lease, purchase and sale of real estate, commercial/contractual contracts, loan/financial transactions, power of attorney, sworn insurance, statutes, statutes, loan of compensation, declaration, mortgage and gift certificate are executed, among other things, on stamp documents in order to make them legitimate and legally enforceable. Stamp duty rates: Stamp duty rates in different states of India range from 4 to 10%. However, registration fees are set at the federal level at the federal level. As a result, Indian law does not have a statute of limitations for its validity. However, Maharashtra and Gujarat are the two states that have amended laws and now have legislation that stipulates that if a stamp is not used or handed over within six months of the date of the issuance of these documents, they are considered obsolete. The payment of stamp duty can be done in three ways: stamp duty is lower for women: a number of states in India have reduced their stamp duty for women when they register the property under their name. In Delhi, for example, buyers must pay 4% of the value of sales in the form of stamp duty, compared to 6%, which is the standard rate.