In a move to simplify stamp duty operations, the Tamil Nadu state government has introduced its own stamp duty bill. Taking inspiration from states like Maharashtra, Kerala, Karnataka etc, TN has made its exclusive stamp law. The regulations in the Tamil Nadu Stamp Bill are framed by the commercial taxes and registration minister B.V. Ramanaa. Since any amendments in the Indian Stamp Act, 1899 has to be sent to the president for the consent which actually delays the overall procedure; hence the state government has made its own bill such that the time for amending laws can be saved.The changes that have been proposed are:Purchase or sale of security in demat formatCurrently: No levyProposed: 0.0001%Construction/sale agreement of immovable propertyCurrently: Rs 20Proposed: 1% of value of considerationArticles of AssociationCurrently: Rs 300Proposed: Rs 1000 for every Rs 5 lakhMemorandum of AssociationCurrently: Rs 200Proposed: Rs 500Cancellation deeds on sale/exchange/gift/release/settlement deedsCurrently: Rs 50Proposed: SamePower of attorney concerning sale of immovable propertyCurrently: Rs 100Proposed: 2% of market value of propertyThe new bill is a move to ease and quicken the overall process of property transaction where stamp duty is involved.займ на карту без отказов круглосуточновзять кредит онлайн