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State of Odisha - Section

Section 7 in The Indian Stamp (Orissa Amendment) Act, 2001

7. Amendment of Schedule I-A.

- In Schedule I-A to the principal Act, -
(i)in Article 3, for the words "Two hundred rupees" appearing in Column (2), the words "Two hundred and fifty rupees" shall be substituted;
(ii)in Article 5, -
(a)for the words "One rupee" appearing in Column (2) against Clause (a), the words "five rupees" shall be substituted;
(b)for the words "forty-two rupees fifty paise" appearing in Column (2) of the entry against Clause (o), the words "fifty rupees" shall be substituted; and
(c)for the words "Three rupees" appearing in Column (2) against Clause (c), the words "Ten rupees" shall be substituted;
(iii)in Clause (2) of Article 6, -(a) for Sub-clause (a), the following sub-clause shall be substituted, namely :
"(a) If such loan or debt is repayable on demand or more than three months from the date of instrument evidencing the agreement-
When the amount of the loan or debt does not exceed Rs. 500 .. Five rupees,
When it exceeds Rs. 500 but does not exceed Rs. 1,000 .. Ten rupees,
And for every additional Rs. 1,000 or part thereof in excessof Rs. 1,000 .. Ten rupees"; and
(b)in Sub-clause (b), for the word, brackets and letter "Clause (a)" the word, brackets and letter "Sub-clause (a)" shall be substituted;
(iv)in Article 7 for the words "One hundred rupees" appearing in Column (2), the words "One hundred and fifty rupees" shall be substituted;
(v)in Article 8, for the words "Twenty-one rupees" appearing in Column (2) against Clause (b), the words "Fifty rupees" shall be substituted;
(vi)in Article 10, for the words "Two hundred rupees" appearing in Column (2) the words "Three hundred rupees" shall be substituted;
(vii)in Article 12 -
(a)for the words, brackets and figure "The same duty as a BOTTOMRY BOND (No. 16) or such amount" appearing in Column (2) against Clause (a), the words, brackets and figure "The same duty as a BOND (No. 15) or such amount" shall be substituted;
(b)for the words "Twenty-seven rupees" appearing in Column (2) against Clause (b), the words "Fifty rupees" shall be substituted; and
(c)for the entry appearing at the end in Column (2), the following entry shall be substituted, namely :
"Two rupees subject to a maximum of two hundred rupees".
(viii)for Article 15 including the entries against it but excluding the reference to other Bonds commencing with the word "See" and ending with the words "SECURITY BOND' followed by the "Exemptions" appearing at the end in Column (1), the following shall be substituted under appropriate columns, namely :
(1) (2)
"15. BOND, as defined by Section 2 (5) notbeing a DEBENTURE and not being otherwise provided for by thisAct, or by the Court Fees Act, 1870 Two per centum of the amount or the value secured";
(ix)for Article 16 including the entries against it, the following article with its entries shall be substituted under appropriate columns, namely :
(1) (2)
"16 BOTTOMRY BOND, that is to say, any instrument wherebythe master of a sea-going ship borrows money on the security ofthe ship to enable him to preserve the ship or prosecute hervoyage. The same duty as a BOND (No. 15) on the amount or valuesecured";
(x)in Article 17, for the words "One hundred rupees" appearing in Column (2), the words "One hundred and fifty rupees" shall be substituted;
(xi)in Article 18, for Clauses (a), (b) and (c) including the entries appearing against them in Column (2), the following clauses with their respective entries shall be substituted under appropriate columns, namely :
(1) (2)
"(a) Where the purchase money does not exceed Rs, 100. Two rupees
(b) In any other case The same duty as is leviable on a CONVEYANCE under Division(A), (B) or (C), as the case may be, of Article 23 for aconsideration equal to the amount of the purchase money only";
(xii)after Article 18, the following article with the entries against it shall be inserted under appropriate columns, namely :
(1) (2)
"19. CERTIFICATE OR OTHER DOCUMENT, evidencing the rightor title of the holder thereof, or any other person either to anyshares, scrip or stock in or of any incorporated company or otherbody corporate, or to become proprietor of shares, scrip or stockin or of any such company or body. See also LETTER OF ALLOTMENTOF SHARES (No. 36). One rupee";
(xiii)in Article 22, for the words "Fifty rupees" appearing in Column (2), the words "Seventy rupees" shall be substituted; (xiv) for Article 23 including the entries against it, the following article with its entries shall be substituted under appropriate columns, namely ;
(1)   (2)
"23. CONVEYANCE - As defined by Section 2(10) not being a transfer charged or exempted under No. 62 :    
(a) in respect ofmovable property.   Four per centum of the amount or value of the considerationas set forth in the instrument.
(b) in respect ofimmovable property.   Eight per centum of the amount or value of the considerationfor such conveyance as set forth therein or the market value ofthe property whichever is higher.
(c) in respect of amulti-unit house or unit of apartment/flat/portion of amultistoried building or part of such structure to which theprovisions of the Orissa Apartment Ownership Act, 1982 apply-    
(i) where theamount or value of the consideration for such conveyance as setforth therein or market value of the property whichever ishigher, does not exceed rupees 5 lakhs.   Three per centum of the amount,
(ii) where it exceedsrupees 5 lakhs, but does not exceed rupees 15 lakhs.   Four per centum of the amount,
(iii) where it exceedsrupees 15 lakhs   Seven per centum of the amount.
Explanation- For the purpose of thisarticle, an agreement to sell any immovable property or a powerof attorney shall, in case of transfer of the possession of suchproperty before or at the time of or after the execution of suchagreement or power of attorney, be deemed to be a conveyance andthe stamp duty thereon shall be chargeable accordingly:    
Provided that the stamp duty already paid onsuch agreement or power of attorney shall, at the time of theexecution of a conveyance in pursuance of such agreement orpower of attorney, be adjusted towards the total amount of dutychargeable on the conveyance :    
Provided further that Section 47-A shall notapply to such agreement and power of attorney.    
ExemptionsAssignment of copyright under the Copyright Act, 1957, Section 18 Co-partnership deed (See PARTNERSHIP No. 46)
(xv)in Article 24, -
(a)for the words "Two rupees and fifty paise" appearing in Column (2) against Clause (i), the words "Five rupees" shall be substituted; and
(b)for the words "Five rupees" appearing in Column (2) against Clause (ii), the words "Ten rupees" shall be substituted;
(xvi)in Article 25, for the words "Five rupees" appearing in Column (2) against Clause (b), the words "Ten rupees" shall be substituted;
(xvii)in Article 26, for the words "Fifty rupees" appearing in Column (2) against Clause (b), the words "One hundred rupees" shall be substituted;
(xviii)in Article 29, for the words "One hundred rupees" appearing in Column (2), the words "Two hundred rupees" shall be substituted;
(xix)in Article 31, for the entry appearing in Column (2), the following entry shall be substituted, namely;
"The same duty as is leviable on a conveyance under Division (A), (B) or (C), as the case may be, of Article 23 for a consideration as set forth in such instrument or the market value of the property, whichever is higher";
(xx)in Article 32, for the expression "(No. 23)" wherever it occurs in Column (2), the words, brackets, letter and figure "under Division (A) of Article 23" shall be substituted;
(xxi)in Article 33, for the expression "(No. 23)" appearing in Column (2), the words, brackets, letters and figure "under Division (A),(B) or (C), as the case may be, of Article 23" shall be substituted;
(xxii)in Article 35, for the expression "(No. 23)" wherever it occurs in Column (2), the words, brackets, letters and figure "under Division (A), (B) or (C), as the case may be, of Article 23" shall be substituted;
(xxiii)after Article 35, the following article with its entries shall be inserted under appropriate columns, namely:
(1) (2)
"36. LETTER OF ALLOTMENT OFSHARES in any company or proposed company, or in respect of anyloan to be raised by any company or proposed company.Seealso CERTIFICATE OR OTHER DOCUMENT (No. 19). One rupee";
(xxiv)in Article 38, for the words "Fifty rupees" appearing in Column (2), the words "One hundred rupees" shall be substituted;
(xxv)in Article 39, for the words "Two hundred rupees" and "Five hundred rupees" appearing in Column (2) against Clause (a) and Clause (b), the words "Three hundred rupees" and "Six hundred rupees" shall respectively be substituted;
(xxvi)in Article 40, for the expression "(No.23)" appearing in Column (2) against Clause (a), the words, brackets, letters and figure "under Division (A), (B) or (C), as the case may be, of Article 23" shall be substituted;
(xxvii)in Article 41, -
(a)for the words "Thirty paise" wherever it occurs in Column (2) against Clause (a), the words "One rupee" shall be substituted; and
(b)for the words "Forty paise" and "Fifty paise" appearing in Column (2) against Clause (b), the words "Two rupees" shall be substituted;
(xviii)in Article 42, for the words "Twenty rupees" appearing in Column (2), the words "Thirty rupees" shall be substituted;
(xxix)in Article 43, for the words "Seventy-five paise" and "Forty-two rupees and fifty paise" appearing in Column (2) against Clause (a) and Clause (b), the words "One rupee" and "Fifty rupees" shall respectively be substituted;
(xxx)in Article 44, for the words "Ten rupees" appearing in Column (2), the words "Twenty rupees" shall be substituted;
(xxxi)in Article 46, -
(a)for the words "Twenty rupees" and "One hundred rupees" appearing in Column (2) against Clause (a) and Clause (b) of Division A, the words "Fifty rupees" and "Two hundred rupees" shall respectively be substituted, and
(b)for the words "fifty rupees" appearing in Column (2) against Division B, the words "One hundred rupees" shall be substituted;
(xxxii)in Article 48, -
(a)for the words "Ten rupees", "Fifty rupees" and "One hundred rupees" appearing in Column (2), against Clause (c), Clause (d) and Clause (e), the words "Twenty rupees" "One hundred rupees", and "Two hundred rupees" shall respectively be substituted; and
(b)for the expression "(No. 23)" appearing in Column (2) against Clause (f), the words, brackets, letters and figure "under Division (B) or (C), as the case may be, of Article 23" shall be substituted;
(xxxiii)in Article 54, -
(a)for the expression "(No. 23)" appearing in Column (2) against Clause (a), the words, brackets, letters and figure "under Division (A) of Article 23" shall be substituted, and
(b)for the words "Forty-two rupees" appearing in Column (2) against Clause (b), the words "Fifty rupees" shall be substituted;
(xxxiv)in Articles 55 and 57, for the words "Twenty-one rupees" appearing in Column (2) against Clause (b), the words "One hundred rupees" shall be substituted;
(xxxv)in Article 58,-
(a)the brackets and letter "(A)" appearing at the beginning shall be omitted,
(b)in the proviso to the entry appearing in Column (2) against Division (A), for the words "three rupees" the words "ten rupees" shall be substituted, and
(c)for the words "Forty-two rupees" appearing at the end of the entry in Column (2) against Division (B), the words "One hundred rupees" shall be substituted;
(xxxvi)in Article 59, for the expression "(No. 23)" the words, brackets, letters and figure "under Division (A), of Article 23" shall be substituted;
(xxxvii)in Article 61, for the words "Twenty-one rupees" appearing in Column (2) against Clause (b), the words "Fifty rupees" shall be substituted;
(xxxviii)in Article 62, -
(a)for the words "bond of mortgage deed" appearing in the opening portion of Clause (c) the words "bond for mortgage deed" shall be substituted, and
(b)for the words "Twenty-one rupees", "Forty-two rupees" and "Eighteen rupees and seventy-five paise" appearing in Column (2) against Sub-clause (ii) of Clause (c), Clause (d) and Clause (e) respectively, the words "Fifty rupees" shall be substituted;
(xxxix)in Article 63, -
(a)for the words "TRANSFER OF LEASE" appearing in Column (1), the words "TRANSFER OF LEASE" shall be substituted, and
(b)for the expression "(No. 23)" appearing in Column (2), the words, brackets, letters and figure "under Division (A), (B) or (C), as the case may be, of Article 23" shall be substituted;
(xi)in Article 64, for the words "Sixty-two rupees" and "Forty-two rupees" appearing in Column (2) against Division (A) and Division (B), the words "One hundred rupees" and "Fifty rupees" shall respectively be substituted; and
(xii)in Article 65, for the words "Five rupees" appearing in Column (2), the words "Ten rupees" shall be substituted.