A multi-fold increase in the stamp duty has been effected for several transactions.
The hike came into effect from May 3, according to a gazette notification. The changes cover nearly 15 types of instruments.
For example, for an adoption deed, the present stamp duty was ₹100. This has been revised to ₹1,000. In respect of an affidavit, the old and new rates are ₹20 and ₹200. In the case of the cancellation of instruments, the duty of ₹50 has gone up to ₹1,000. For the revocation of settlement, the existing and fresh rates are ₹80 and ₹1,000.
