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                                               Description of                Amount on which duty
https://www.mhc.tn.gov.in/judis                 instrument                     should be levied.


                                  (i) Sale of    immovable     The market value of the
                                  property.                    property as set forth in the
                                                               instrument, and in a case
                                                               where the market value is
                                                               finally determined by any
                                                               authority under Section
                                                               47-A of the Stamp Act, the
                                                               market value as so
                                                               determined      by      such
                                                               authority.
                                  (ii)   Exchange         of   The market value of the
                                  immovable property           property of the greater
                                                               value as set forth in the
                                                               instrument, and in a case
                                                               where the market value is
                                                               finally determined by any
                                                               authority under Section
                                                               47-A of the Stamp Act, the
                                                               market value as so
                                                               determined      by      such
                                                               authority
                                  iii) Gift of immovable       The market value of the
                                  property                     property as set forth in the
                                                               instrument, and in a case
                                                               where the market value is
                                                               finally determined by any
                                                               authority under Section
                                                               47-A of the Stamp Act, the
                                                               market value as so
                                                               determined      by      such
                                                               authority.
                                  (iv)    Mortgage      with   The amount secured by the
                                  possession of immovable      mortgage, as set forth in
                                  property.                    the instrument.
                                  (v) Lease in perpetuity of   An amount equal to one-
                                  immovable property           sixth of the whole amount
                                                               or value of the rents which
                                                               would be paid or delivered
                                                               in respect of the first fifty
https://www.mhc.tn.gov.in/judis                                years of the lease, as set

forth in the instrument