G.O. Ms. No. 104, Reduction of Rates of Stamp Duty and Maximum Registration Fees, 2018
The Commercial Taxes and Registration Department, through G.O. Ms. No. 104 dated 13 August 2018, issued two Tamil Nadu Gazette notifications amending notifications dated 12 February 2004 on stamp duty and maximum registration fees for agreements relating to deposit of title deeds under Article 6(1)(a) and Article 6(1)(b) of the Indian Stamp Act, 1899. From 14 August 2018, the specified stamp duty amount is Rs.30,000 instead of Rs.25,000, and the maximum registration fee is Rs.6,000 instead of Rs.5,000, with Article 6(1)(b) added to the covered entry.
What the notifications change
G.O. Ms. No. 104 of the Commercial Taxes and Registration Department contains two amendments concerning agreements relating to deposit of title deeds. Both amendments came into force on 14 August 2018.
The Governor of Tamil Nadu made the amendments using powers under the Indian Stamp Act, 1899 and the Registration Act, 1908. They amend two Commercial Taxes Department notifications published in the Tamil Nadu Government Gazette Extraordinary on 12 February 2004.
Stamp duty amendment
The stamp duty notification changes the relevant table entry for agreements relating to deposit of title deeds.
- Article 6(1)(b) is added alongside Article 6(1)(a) in the covered entry.
- The amount specified for an agreement relating to deposit of title deeds under Article 6(1)(a) and Article 6(1)(b) is changed from Rs.25,000 to Rs.30,000.
- The amendment applies from 14 August 2018.
The stamp duty amendment was published as Notification No. II(1)/CTR/15(l-1)/2018.
Registration fee amendment
The registration fee notification changes the maximum fee payable for the same category of instrument.
- Article 6(1)(b) is added alongside Article 6(1)(a) in the table.
- The maximum registration fee for an agreement relating to deposit of title deeds under those entries is changed from Rs.5,000 to Rs.6,000.
- The revised maximum applies from 14 August 2018.
The registration fee amendment was published as Notification No. II(1)/CTR/15(l-2)/2018.
Who may be affected
G.O. Ms. No. 104 may affect anyone executing or registering an agreement relating to deposit of title deeds that falls under Article 6(1)(a) or Article 6(1)(b) of the Indian Stamp Act, 1899. Property buyers, owners and professionals handling such agreements should note that the Gazette changes both the specified stamp duty amount and the maximum registration fee for the covered instruments.
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Common questions
When did the revised amounts take effect?
Both amendments came into force on 14 August 2018.
What stamp duty amount does the Gazette specify?
For the covered agreement relating to deposit of title deeds, the specified amount was changed from Rs.25,000 to Rs.30,000.
What is the revised maximum registration fee?
The maximum registration fee for the covered agreement was changed from Rs.5,000 to Rs.6,000.
Does the amendment cover Article 6(1)(b)?
Yes. The table entries were amended to add Article 6(1)(b) alongside Article 6(1)(a).
