Amendment to Indian Stamp Rules for the Supply and Distribution of Stamps
The Commercial Taxes and Registration Department, Government of Tamil Nadu, issued G.O. Ms. No. 45, Commercial Taxes and Registration (J), dated 7th May 2009, to amend the Rules for the Supply and Distribution of Stamps. The amendment adds a discount rate of Rs. 0.65 per cent for electronically generated Stamp Certificates issued by the Stock Holding Corporation of India Limited.
What the notification does
The Amendment to Indian Stamp Rules for the Supply and Distribution of Stamps changes the rules governing the supply and distribution of stamps in Tamil Nadu. The Governor of Tamil Nadu made the amendment using the powers conferred by Section 74 of the Indian Stamp Act, 1899 (Central Act II of 1899).
The notification was issued by the Commercial Taxes and Registration Department, Government of Tamil Nadu, through G.O. Ms. No. 45, Commercial Taxes and Registration (J), dated 7th May 2009. It was published in the Tamil Nadu Government Gazette on 27th May 2009 as SRO A-13/2009.
Key change
The amendment inserts a new sub-clause (c) after sub-clause (b) in clause (iv) of rule 37 of the Rules for the Supply and Distribution of Stamps.
The inserted provision states:
- The discount applies to electronically generated Stamp Certificates.
- The certificates must be issued by the Stock Holding Corporation of India Limited.
- The rate of discount is Rs. 0.65 per cent.
The source does not describe any change to stamp duty rates, property valuation, registration charges or the legal validity of registered documents. It only adds the specified discount provision for electronically generated Stamp Certificates issued by the named corporation.
Who may be affected
The amendment directly concerns the Stock Holding Corporation of India Limited in relation to its issue of electronically generated Stamp Certificates. It may also be relevant to buyers, owners, document writers and property professionals who use such certificates for transactions requiring stamps in Tamil Nadu.
The amendment does not state that the discount applies to physical stamp papers or to electronically generated certificates issued by any other organisation. Anyone checking whether the discount applies should therefore confirm both the electronic form of the Stamp Certificate and the identity of its issuer.
Practical point
The Commercial Taxes and Registration Department notification sets the discount rate exactly as Rs. 0.65 per cent. The supplied Gazette text does not explain how the discount is calculated, claimed or reflected on an electronically generated Stamp Certificate.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
What discount does the notification provide for electronic Stamp Certificates?
The notification sets the rate of discount at Rs. 0.65 per cent for electronically generated Stamp Certificates issued by the Stock Holding Corporation of India Limited.
Does the discount apply to every electronic Stamp Certificate?
The notification specifically covers electronically generated Stamp Certificates issued by the Stock Holding Corporation of India Limited. It does not mention certificates issued by other organisations.
Does the amendment change stamp duty rates for property documents?
The supplied Gazette text does not change or specify any stamp duty rate. It only adds a discount rate for the identified electronically generated Stamp Certificates.
When was the amendment issued and published?
G.O. Ms. No. 45, Commercial Taxes and Registration (J), was dated 7th May 2009. The notification was published in the Tamil Nadu Government Gazette on 27th May 2009.
