{"id":17687,"date":"2013-05-12T11:00:43","date_gmt":"2013-05-12T11:00:43","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=17687"},"modified":"2020-06-15T04:10:35","modified_gmt":"2020-06-14T22:40:35","slug":"17687-tamil-nadu-introduced-its-own-stamp-duty-bill","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/17687-tamil-nadu-introduced-its-own-stamp-duty-bill\/","title":{"rendered":"Tamil Nadu Introduced its Own Stamp Duty Bill"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-17688\" alt=\"TN-New-stamp-bill\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/05\/TN-New-stamp-bill.jpg\" width=\"300\" height=\"250\" \/>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:<strong>Purchase or sale of security in demat format<\/strong>Currently: No levyProposed: 0.0001%<strong>Construction\/sale agreement of immovable property<\/strong>Currently: Rs 20Proposed: 1% of value of consideration<strong>Articles of Association<\/strong>Currently: Rs 300Proposed: Rs 1000 for every Rs 5 lakh<strong>Memorandum of Association<\/strong>Currently: Rs 200Proposed: Rs 500<strong>Cancellation deeds on sale\/exchange\/gift\/release\/settlement deeds<\/strong>Currently: Rs 50Proposed: Same<strong>Power of attorney concerning sale of immovable property<\/strong>Currently: 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.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-17687","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tamil Nadu Introduced its Own Stamp Duty Bill -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/17687-tamil-nadu-introduced-its-own-stamp-duty-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tamil Nadu Introduced its Own Stamp Duty Bill -\" \/>\n<meta property=\"og:description\" content=\"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. 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