Reduction of Stamp Duty in Andhra Pradesh from 2 December 2013


Orders were issued reducing the stamp duty payable on sale deeds from 5% to 4% in all the areas of A.P. State under Article 47-A of Schedule I-A of the Indian Stamp Act, 1899 with effect from 01.04.2013. In the references 2nd and 3rd read above, orders were issued reducing  the transfer duty on transfer of property in all the Municipalities, Municipal Corporations and Panchayats in the State to 1.5%.

Consequent on reduction of stamp duty payable on sale deeds and also reduction of transfer duty to 1.5%, Government, after careful examination rationalize the rates of stamp duty by bringing down the duty payable in respect of certain documents under Schedule I-A of the Indian Stamp Act, 1899.

Accordingly, the following notification will be published in the extraordinary issue of A.P. Gazette dated: 02.12.2013.

NOTIFICATION

In exercise of the powers conferred by clause (a) of sub-section (1) of section 9 of Indian Stamp Act, 1899 (Act II of 1899), the Governor of Andhra Pradesh hereby reduces the Stamp Duty payable in respect of following documents under Schedule I-A to the Indian Stamp Act, 1899:

Article of Schedule 1-A

Nature of Document

Existing

Stamp Duty

Rate of Stamp duty now fixed

Article 16 Certificate of Sale

5%

4%

Article 20 Conveyance

5%

4%

Article 27 Exchange of Property

5%

4%

Orders were issued reducing the stamp duty payable on sale deeds from 5% to 4% in all the areas of A.P. State under Article 47-A of Schedule I-A of the Indian Stamp Act, 1899 with effect from 01.04.2013. In the references 2nd and 3rd read above, orders were issued reducing  the transfer duty on transfer of property in all the Municipalities, Municipal Corporations and Panchayats in the State to 1.5%.

Consequent on reduction of stamp duty payable on sale deeds and also reduction of transfer duty to 1.5%, Government, after careful examination rationalize the rates of stamp duty by bringing down the duty payable in respect of certain documents under Schedule I-A of the Indian Stamp Act, 1899.

Reduction of Stamp Duty in Andhra Pradesh

Accordingly, the following notification will be published in the extraordinary issue of A.P. Gazette dated: 02.12.2013.

NOTIFICATION

In exercise of the powers conferred by clause (a) of sub-section (1) of section 9 of Indian Stamp Act, 1899 (Act II of 1899), the Governor of Andhra Pradesh hereby reduces the Stamp Duty payable in respect of following documents under Schedule I-A to the Indian Stamp Act, 1899:

Article of Schedule 1-A

Nature of Document

Existing Stamp

Duty

 

Rate of Stamp duty now fixed

Article 6 (B)

 

Sale Agreement with possession

5%

   (adjustable)

4% (adjustable)

Sale Agreement without  possession

5%

(adjustable)

0.5% (Not adjustable)

Sale Agreement cum GPA

6%

(5% adjustable & 1% not adjustable

5% (4% adjustable and

1% Not adjustable)

Development / construction Agreement

5%

(adjustable)

0.5% (Not adjustable)

 

Development / construction Agreement cum GPA

1% (Not adjustable)

1% (Not adjustable)

G.O.Ms.No581 Dated: 30.11.2013

1. G.O.Ms.No. 162, Revenue (Regn-I) Dept., dated: 30.03.2013.
2. G.O.Ms.No. 150 to 153, M.A. & U.D. Dept., dated: 06.04.2013.
3. G.O.Ms.No. 226, P.R. & RD (Pts-I) Dept., dated: 06.04.2013
4. From the C&IG, R&S, Hyd. Lr.No.S1/11217/2010, Dt.23.05.2013, 30.3.2013, 22.6.2013 and 01.7.2013.

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