G.O.Ms.No.46, Stamp Duty on Instruments of Conveyance, Reduction from 6% to 5%, 2012
The Commercial Taxes and Registration (J1) Department of the Government of Tamil Nadu issued Government Order G.O.Ms.No.46 dated 27 March 2012, reducing stamp duty on conveyance instruments and other instruments charged at the conveyance rate from 6% to 5%, effective 1 April 2012. The appended notification amends Commercial Taxes Department Notification No.II(2)/CT/779(d-1)/2003, but the separate 8% duty applicable to the listed categories remains unchanged.
What the government order does
Government Order G.O.Ms.No.46 dated 27 March 2012 was issued by the Commercial Taxes and Registration (J1) Department of the Government of Tamil Nadu. It reduces stamp duty from 6% to 5% for instruments of conveyance and other instruments on which duty is charged at the conveyance rate.
The reduced rate takes effect from 1 April 2012. The appended notification makes the change by amending Commercial Taxes Department Notification No.II(2)/CT/779(d-1)/2003, published in the Tamil Nadu Government Gazette, Extraordinary, dated 21 November 2003.
Who may be affected
Government Order G.O.Ms.No.46 dated 27 March 2012 is relevant to people executing or presenting documents that are classified as conveyance instruments, as well as documents for which stamp duty is collected at the same rate as a conveyance.
Property buyers, sellers and professionals handling registration should check whether the particular document falls within one of these categories. The document does not state that every type of registered instrument receives the reduced rate.
Key provisions
The Commercial Taxes and Registration (J1) Department set out the following points:
- Stamp duty on conveyance instruments is reduced from 6% to 5%.
- The same reduction applies to other instruments charged at the conveyance rate.
- The reduced rate comes into force on 1 April 2012.
- The notification was to be published in an extraordinary issue of the Tamil Nadu Government Gazette dated 27 March 2012.
- Registration offices were instructed to display the reduction on their office notice boards so that the registering public would be informed.
Categories not given the reduction
The Registration Department communication dated 28 March 2012 clarifies that the existing 8% stamp duty was not changed for the categories identified as 5(0), 46(B)(i), 55(B), 55(C), 55D(i) and 58(a)(ii) under the earlier Government Order No.177 of the Commercial Taxes Department dated 20 November 2003.
A person dealing with one of these listed categories should not assume that the 5% conveyance rate applies. The communication expressly states that their existing 8% rate remains unchanged.
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
When did the reduced 5% stamp duty rate take effect?
The reduced rate took effect on 1 April 2012.
Does the 5% rate apply to every document registered in Tamil Nadu?
No. Government Order G.O.Ms.No.46 applies to conveyance instruments and other instruments charged at the conveyance rate. The source does not extend the reduction to every registered document.
Was the existing 8% stamp duty also reduced?
Not for the categories identified as 5(0), 46(B)(i), 55(B), 55(C), 55D(i) and 58(a)(ii). The Registration Department communication states that their existing 8% duty remains unchanged.
Why was the conveyance stamp duty reduced?
The reduction was one of the mandatory reforms agreed to by the Government of Tamil Nadu under the Jawaharlal Nehru National Urban Renewal Mission. The Commissioner of Municipal Administration had requested the government to issue the necessary orders.
