Table of Contents
What is the value of stamp paper for partnership deed in Kerala?
5000 stamp paper
5000 stamp paper is required to register a partnership firm in Kerala.
On which paper partnership deed is signed?
Non-Judicial Stamp Paper
The Partnership Deed must be imprinted on a Non-Judicial Stamp Paper for Partnership deed . partnership deed stamp paper Should Have estimation of Rs. 100/ – or more.
How much is the stamp duty in Kerala?
8%
Payment of stamp duty and registration charges in Kerala is mandatory according to Indian Stamp Duty Act and Registration Act. Currently, the stamp duty in Kerala is 8% of the property value, and 2% is registration charges. In Kerala, no concession in charges is provided to women or senior citizens.
What is the use of 500 RS stamp paper?
Judicial Stamp Papers are used for transactions with judiciary in Civil and Criminal Courts. Their denominations can be Rs. 20, 50, 100, 500, 1000, 5000, and 25,000. Non-Judicial Stamp Papers are used for paying tax or any transactions concerning taxes.
How is stamp duty calculated in Kerala property?
Stamp duty rate in Kerala is currently 8% of the consideration value or fair value, whichever is higher. At the same time, registration charges are 2% of this consideration value or fair value.
How do you determine the value of stamp paper?
The cost of stamp duty is generally 5-7% of the property’s market value. Registration charges tend to be 1% of the property’s market value. As such, these charges can run into lakhs of rupees.
What is the difference between 100 and 500 stamp paper?
500/- stamp including Leave and License agreement and not allowed on Rs. 100/- stamp. on Rs. 100/- stamp you can make only affidavit.
What is the use of 1000 RS stamp paper?
What is the current stamp duty in Kerala?
How much is stamp duty in Kerala?
Stamp duty rate in Kerala is currently 8% of the consideration value or fair value, whichever is higher. At the same time, registration charges are 2% of this consideration value or fair value. These rates indicate that purchasing a property in Kerala is an expensive deal.
What is the difference between 50 RS stamp paper and 100 RS stamp paper?
Stamp Paper of Rs. 50 for General Power of Attorney/Agreement. Stamp Paper of Rs. 100 for Indemnity Bond, Guarantee Bond.
Which stamp paper is used for agreement?
Stamp paper of Rs. 50 is used for general power of attorney/agreement and stamp paper of rupees hundred is used for indemnity bond and guarantee bond.