The Indian stamp (Punjab Amendment) Act, 1974 as extended to UT Chandigarh

[TO BE PUBLISHED IN THE GAZETTE OF INLIA, PART II. SECTION 3(i) GO]ERNI'NT OF INDIA(BHARAT SARKAR) MINISTRY OF HOME AFFAIRS(GRIH MANTRALAYA) roTIFIcA7ao New Delhi, the 30th March, 1976. G.S.R. .- In exercise of the powers conferred by section 87 of the Punjab Reorganisation Act, 1966 (31 of 1966), the Central Government hereby extends to the Union territory of Chandigarh, the ,Indian Stamp (Punjab Amendment) Act, 1074 (Punjab Act 18 of 1974) as in force in the State of Punjab at the date of this notification, subject to the following modifications, namely:- MoLifications 1. In section 2, for the words ."State of Punjab", the words "Union territory of Chandigarh" shall be substituted. 2. Section 3 shall be omitted. ANNEXURE THE INDIAN STA (PUNJAB AMENDMENT) ACT, 1974 (F(7NjAB ACT 18 OF 1974) AS EXTENDED TO THE UNION TERRITORY OF CHANDIC-ARH An Act to amend the Indian Stamp Act, 1899, in its application to the State of Punjab. Be it enacted by the Legislature of the State of Punjab in the Twenty-fifth Year of the Republic of India as follows:- 1. This Act may be called the Indian Stamp (Punjab Amendment) Act, 1974. 2. In Schedule I-A to the Indian Stamp Act, 1899, in its application to the Union territory of Chandigarh,- (1) for entry 23, the following entry shall be substituted, namely:- Short title. Amendment of Schedule I-A of Central Act 2 of 1899. 2 t- - Description Instrument Proper Stamp Duty (a) (b) One rupee and fifty paise Four rupees Ift....••••■••■•••••■••■•• ■••••••••• •••■•.• "23. Conveyance as defined by section 2(10) not being a Transfer charged or exempted under No.62 Where the value*or amount of the consideration for such conveyance as set forth therein does not exceed Rs.50; Where it exceeds Rs.50 9 but does not exceed Rs.100; Where it exceeds Rs.100, but does not exceed Rs.200; Where it exceeds Rs.2001 but does riot exceed Rs0300; Where it exceeds Rs.3001 but does not exceed Ps.400; Where it exceeds Rs.400, but does not exceed Rs.500; Where it exceeds Rs.500, but does not exceed Rs.600; Where it exceeds Rs.6009 but does not exceed Rs.700; Where it exceeds Rs.700, but does not exceed Rs.800; Where it exceeds Rs.8001 but does not exceed Rs.900; Where it exceeds Rs.9001 but iftoes not exceed Rs.11000; and for every Rs.500 or part thereof in excess of Rs.11000. Where conveyance Other amounts to sale Conveyances of immovable property Eirtit rupees Sixteen rupees Twenty.four rupees Thirty-t-ve rupees Fort7 rupees Forty-eiht rupees Fifty-six rupees Sixty-four rupees Seventy-two rupees Eighty. rupees Forty rupees Three rupees Six rupees Nine rupees Twelve rupees Fifteen rupees Eighteen rupees Twenty-one rupees Twenty-four rupees Twenty-seven rupees Thirty rupees Fifteen rupees Exemrtion Immlowm..a.4■■•••••• ■m. Assignment of copyright under the Copyright Act, 1957, Section 18 Co-Partnership Deed. aae Partnership (No.46.)."; ■•••■•■•■■••■••■•••■■••••••■ •••••■•■•■•• (2) for entry 33, the following entry shall be substituted, namely: - .......104•■•••■•■■•■•• Description of Instrument Proper Stamp Duty n33. GIFT-Instrument of, not being a. settlement (No.58), or will or Transfer (No.62) HIRING AGREEMENT or agreement for service - See Agreement (N0.5)."; and The same duty as a Conveyance amounting to sale (No.23) as levied by this Act for a consideration equal to the value of the property as set forth in such instrument (3) for clause (a) of entry 40, the following clauSe shall be substituted, namely:- Description of Instrument "(a) when possession of the property or any part of the property comprised in such deed is given by the mortgagor or agreed to be given 3. /-0mitted._7 LNo.U-11015/4/75-UTL-(132) _7 (H.C. BAKESHI) UNDER SECRETARY TO THE GOVERNMENT OF INDIA. To The Manager, Government of India Press, Nayapuri Industrial Area, Ring Road, NEW DELHI. Proper Stamp Duty The same duty as Conveyance amounting to sale (No.23) as levied by this Act for a con- sideration equal to the value of the property as set forth in such instrument.". Page 1 Page 2 Page 3