Rates of Stamp Duty as applicable for various matters

1. For Transfer of Shares/Preference Shares/ including Convertible & Partly Convertible (Uniform Rate in all over India):

0.25% of Total Consideration payable e.g. Rs. 2.50/- for every Rs.1000/- value of consideration, to be paid by the Transferee on the Transfer deed to complete the Transfer process.

2. On Share Certificates/ Letter of Allotment, to be issued to the Allottees after allotment.

Rates are different for every State.

Rate of Stamp Duty – For Gujarat and Maharashtra State :

One rupee for every one thousand rupees or part thereof of the value of the share, scrip or stock incl. amount of premium for shares, if any, e.g. total value is Rs. 6000/- including premium if any for shares then Rs. 6/- is the total stamp duty payable on Share Certificate.

3. On Debenture Certificates, to be issued to the Allottees after allotment.

Rates are similar in all the States of India.

Rate of Stamp Duty :

Duration of the Debenture and face value of it is to be considered. Stamp duty is 0.05% p.a. of value of Debenture * no. of years of Debenture, subject to maximum of 0.25% of value or Rs.25 Lacs, whichever is lower.

4. On Registration of Documents for both Hypothecation (Movable Properties) & Mortgage (Immovable Properties).

Rates are different for every State.

Rate of Stamp Duty – For Gujarat State :

1. the deposit of title deeds or instruments constituting or being evidence of the title to any property whatever (other than a marketable security), where such deposit has been made by way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt –

(a) If such loan or debt is repayable on demand or more than three months from the date of the instrument evidencing the agreement, -

i. Where the amount of loan Subject to maximum of one lakh rupees, or debt does not exceed twenty-five paise for every hundred Rs. 10,00,00,000 rupees or part thereof.

ii. Where it exceeds Subject to maximum of three lakh Rs. 10,00,00,000 rupees, fifty paise for every hundred

rupees or part thereof.

(b) If such loan or debt is repayable Half the duty payable under sub-clause (a)

not more than three months from the date of such instrument

Note: Although the rates of stamp duty are same for registration of documents for both clause (1) & (2), however there is a difference. Mortgage attracts 40% surcharge on stamp duty rate so effectively stamp duty would be 0.35% (0.25% + 40% of 0.25%)

2. the pawn, pledge or hypothecation of movable property, where such pawn, pledge or hypothecation has been made by way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt –

i. Where the amount of loan Subject to maximum of one lakh rupees, or debt does not exceed twenty-five paise for every hundred Rs. 10,00,00,000 rupees or part thereof.

ii. Where it exceeds Subject to maximum of three lakh Rs. 10,00,00,000 rupees, fifty paise for every hundred

rupees or part thereof.

Rate of Stamp Duty – For Maharashtra State:

1. Agreement relating to deposit of title deeds, pawn, pledge or hypothecation, that is to say, any instrument evidencing an agreement relating to;

i. The deposit of title deeds or instrument [One rupee] for every [one thousand] constituting or being evidence of the title or part thereof for the amount securedof the title to any property whatever by such deed subject to the minimum(other than a marketable security), of one hundred rupees and the where such deposit has been made by maximum of [five Lakh rupees] way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt

ii. The pawn, pledge or hypothecation [One rupee] for every [one thousand]of movable property, where such pawn, or part thereof for the amount securedpledge or hypothecation has been made by such deed subject to the minimumby way of security for their repayment of of one hundred rupees and the money advanced or to be advanced by maximum of [five lakh rupees]way of loan or an existing or future debt;