2.6 Anyone can ask the stamp collector to revalue the stamp duty payable on the instrument. 2.1 It is very important to note that stamp duty is on an instrument and not on a transaction. (8) is perishable unintentionally and without design, and instead of it, another instrument is manufactured between the same parts and executed for the same use and stamped correctly: 2.1 It can be paid by glue or stamp impressed on the instruments. The same right that can be collected under principle (a), b) [or c] section 25 on the amount of consideration.] Where, in the context of the transfer of the assets by the person under an agreement under this sub-clause to the subsequent purchaser, the tariff applicable to each unit subject to this sub-clause is adjusted to the duty collected under Article 25 (transportation) after compliance with the balance of one hundred rupees, if that transfer or transfer [within one year] occurs from the date of the agreement. If the adjustment does not affect a customs obligation, the minimum fee for transport is 100 rupees. [ [Declaration I] – For the purposes of this section, if, in the case of an agreement to sell a property, the possession of a property is transferred to the purchaser before execution or at the time of execution or after execution, that agreement is considered a right of transport and stamp that can be collected accordingly. C) if the applicant requests it, stamps of another description of the same amount of value: in addition, if the correct stamp duty referred to in section 48, point g), is paid on a power of attorney executed between the same parties with respect to the same estate, the stamp duty amounts to one hundred rupees under this section. This fee is calculated based on the value of the property and is generally a percentage of the total amount payable. While the rate of stamp duty varies from state to state, the general basic principle underlying the levy remains the same. Stamp duty is considered a legal tax that must be paid in full during the conclusion of a transaction.
While the buyer usually pays stamp duty, there are cases where the buyer and seller decide to distribute stamp duty in accordance with a previously signed contract. 2.5 Stamp duty is paid at Schedule I rates. Depending on the instrument, it can be based on the type of instrument that is either ad valorem.