The Law and Legislative Department, Haryana has, by a notification dated 4 th October, 2018, notified the Indian Stamp (Haryana Amendment) Act, 2018 (“Amendment Act”) amending the Indian Stamp Act, 1899. The amendment is effective since September 24, 2018.
Background:
The rates of stamp duty payable in Haryana were stamps of small denominations, fixed since 1967. During all these years, the rates of stamp duty for the neighbouring States of Haryana have been revised. Therefore, to keep up, it was necessary for the State of Haryana to revise the rate of stamp duty payable on the various Articles/documents in the State.
Accordingly, the State Government of Haryana, intending to enhance the rate of stamp duty under Articles No. 1, 2, 3, 5, 7, 8, 10, 11, 12, 17, 22, 24, 25, 26, 29, 34, 39, 42, 46, 48, 50, 57, 60, 61, 64 and 65 of Schedule 1-A of the Act, notified the Indian Stamp (Haryana Amendment) Act, 2018.
The Amendment Act amends Schedule 1-A to the Indian Stamp Act, 1899 revising the stamp duty payable on different instruments/documents in the State, including the following: