Tuesday, August 18, 2015

Levy of Stamp duty & Registration Fees on Certain Regular Documents as on 01.01.2015 by the Government of Andhra Pradesh

TABLE
Article of Schedule I-A Nature of Document Stamp Duty Prior to GO Ms.No:585, Dt.30.11.2013 Rate of Stamp Duty now Fixed
Artilce 49-A(a) Settlement infavour of family menbers 3% of the market value 2% of the market value
Artilce 49-A(b) Settlement in other cases 6% of the market value 3% of the market value
Article 29 Gifts (As defined U/s 56(2) of IT Act, 1961, and govt/Local Bodies/UDAs 5% of the market value 2% of the market value
Gifts in other cases 5% of the market value 5% of the market value
Article 40 (i) Partition deeds in favour of family members 1% on the Market value of the seperated share of the property 1% on the Market value of the seperated share of the property
(ii) Partition deeds in favour of others 3% on the Market value of the seperated share of the property 2% on the Market value of the seperated share of the property
5. Levy of Stamp duty & Registration Fees on Certain Regular Documents as on 01.01.2015 by the government of Andhra Pradesh
AT A GLANCE
Sl.No: Art. of Schedule I.A Nature of Document Stamp Duty Registration Fee
1 3 Adoption Deed Rs.35/- Rs.1000/-
2 4 Affidavit Rs.10/- Rs.1000/-
3 6B Sale Agreement With Possession 4% (Adjustable) 0.5% (minimum Rs.1000/- subject to maximum Rs.20,000/-
Sale Agreement without Possession 0.5% (Not Adjustable) 0.5% (minimum Rs.1000/- subject to maximum Rs.20,000/-
Sale Agreement coupled with GPA 5% (4% adjustable and 1% not adjustable) Rs.2000/-
Development/ Construction Agreement 0.5% (Not Adjustable) 0.5% (minimum Rs.1000/- subject to maximum Rs.20,000/-
Development/Construction Agreement coupled with GPA 1% (Not adjustable)
4 7 Agreement relating to Deposit of Title deeds 0.5% Subject to a maximum of Rs.50000/- 0.1% (Subject to a maximum of Rs.1000/-
5 15 Cancellation Deeds Rs.30/- Rs.1000/-
6 27 Exchange Deeds 4% 0.5%
7 25 Divorce Deed Rs.5/- Rs.1000/-
8 29 a. Gift infavour of relatives as defined U/s 56(2) of IT Act and Govt./ Local Bodies/UDAs 2% of market value of the property 0.5% (Rs.1000/- minimum Rs.10,000/-)
b. Gifts in other Cases 5% 0.5% (Rs.1000/- minimum Rs.10,000/-)
9 35(A) Mortgage with Possession 2% 0.1%
35(b)(ii) Mortgage without Possession
(A) infavour of Govt. or Local bodies or UDAs to ensure compliance to building / layout rules Rs.5000/- 0.1%
(B) Other than (A) 0.5% 0.1%
28(a)(b)(i) Further charges with possession of the property 2% 0.1%
28(b)(ii) Further charges without possession of the property 0.5% 0.1%
10 Re-Conveyance of mortgage of the property
(i) By Govt. in favour of employees Nil Rs.1000/-
(ii) By others Rs.50/- Rs.1000/-
11 31(a)(i) Lease deed for less than one year 0.4%
31(a)(ii) Lease ded for 1-5 years
For Residential properties 0.5%
In other Cases 1%
31(a)(iii) Lease deeds for 5-10 years
1. For Residential properties 1%
2. In any other Cases 2%
31(a)(iv) Lease deeds for 10-20 Years 6%
31(a)(v) Lease deeds for 10-20 Years 15%
31(a)(vi) Lease deeds for more than 30 years or in perpetuity 3%
12 40 Partition in favour of family members 1% of the market value of the seperated share or share of the property Rs.1000/-
In case of others 2% on the MV of Rs.1000/- the seperated share of the property Rs.1000/-
13 42 General Power of Attorney
i) Power of Construction/ Development sale or transfer in any manner of immovable property Rs.1000/- 0.5% (minimum Rs.1000/- subject to maximum Rs.20,000/-
a) to any family members
b) to other than family members 1% on value do
c) in other case Rs.50/- Rs.1000/-
d) for consideration 5% Rs.1000/- (Minimum Rs.1000/- subject to maximum Rs.20,000/-)
Special Power of Attorney for attestation registration Rs.20/- Rs.1000/- + Rs.1000/-
14 Re;ease in case of family members & others 3% 0.5% (minimum Rs.1000/- subject to maximum Rs.10,000/-
15 47.A Sale 5% 1%
16 49.A (a) Settlements (in favour of Family members) 2% 0.5% (minimum Rs.1000/- subject to maximum Rs.10,000/-
49.A (b) In case of others 3% do
17 49 Cancellation / Revocation of settlement Rs.90/- Rs.1000/-
18 4 Supplemental Deeds Rs.5/- Rs.1000/-