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Showing contexts for: set forth value in Vardhman Properties Ltd. vs The Collector Of Stamps, Govt. Of Nct Of ... on 13 March, 2007Matching Fragments
(b) at such rate as may be determined by the Corporation not exceeding five per cent, on the amount specified below against such instruments -
Description of instrument Amount on which duty should be levied
(i) Sale of immovable property The amount or value of the consideration for the sale, as set forth in the instrument.
(ii) Exchange of immovable property The value of the property of the greater value, as set forth in the instrument.
(iii) Gift of immovable property The value of the property, as set forth in the instrument.
(iv) Mortgage with possession of immovable property The amount secured by the mortgage as set forth in the instrument.
(v) Lease in perpetuity of immovable property The amount equal to one-sixth of the whole amount or value of the rent which would be paid or delivered in respect of the first fifty years of the lease as set forth in the instrument.
(vi) Contract for transfer of immovable property Ninety per cent of the value of the consideration for the transfer as set out in the contract.