Mysore Stamp Act, 1957, does not permit the use of adhesive stamps for payment of the stamp duty exceeding 15 naye paise. Thousands of share ... stamp and "stamp paper " means a paper bearing the impressed stamp.] [Inserted by Act 1 of 2008 w.e.f. 1.4.2003] Chapter II Stamp Duties
regard to market
value. The market value is arrived at Rs.6,17,80,500/- as
per the market value guidelines for 33 acres ... statutory provision. The object and intendment of
the Stamp Act is to collect the proper stamp duty and
such proper stamp duty is dependent upon
Stamp Act
for purposes of determining the true market value of the property
disclosed in an instrument requiring payment of stamp duty. Thus the
guideline ... public is not to show
the real value, but show a lesser value to avoid tax/stamp duty and
therefore the sale deeds produced
adhesive stamps.
- The following instruments may be stamped with adhesive stamps, namely :- (a) instruments chargeable [with a duty not exceeding ten naye paise] [Substituted ... manner. 13. Instruments stamped with impressed stamps how to be written.
- Every instrument written upon paper stamped with an impressed stamp shall be written
Stamp Act for purposes of
determining the true market value of the property disclosed in an instrument
requiring payment of stamp duty. Thus the guideline ... lies. In any event, therefore, if for the purpose of Stamp
Act guideline value alone is not a factor to determine the value of property
have not considered whether the
determination of market value and the demand of deficit
stamp duty were exorbitant so as to make the remedy ... whether the determination of the value of the property
purchased by the appellant and the demand of additional
stamp duty made by the appellant
value or consideration has
not been truly set forth in the instrument, he may
determine the value or consideration and the duty as
aforesaid ... value. The market
value of the land in dispute as per
Collector rate is Rs.33,09,600/- on which
a total stamp duty
Commissioner of Stamps or an Additional Commissioner of Stamps or a Deputy Commissioner of Stamps or an Assistant Commissioner of Stamps or any officer authorised ... relevant criterion for deciding the value for the purpose of stamp duty, as held by the Supreme Court in State of U.P. and others
under Section 47-A of the Indian Stamp Act. The reason for demand of additional stamp duty was that market value of the property ... held that guideline value is not market value and it will be dangerous to value a property according to the guideine value because there
stamps for affixation on their policies and for issuing receipts etc.
While the stamps used for receipts are the normal revenue stamps,
the stamps used ... Stamp Rules which
provides the description of stamps as follows:
"Rule 3. Description of Stamps. - (1) Except as otherwise
provided by the Indian Stamp
