
 State of Chattisgarh - Act
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 Indian Stamp (Chhattisgarh Amendment) Act, 2014
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 CHHATTISGARH
   
 India
 
 Indian Stamp (Chhattisgarh Amendment) Act, 2014
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 Act 9 of 2014
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* Published on 20 March 2014
* Commenced on 20 March 2014
 Indian Stamp (Chhattisgarh Amendment) Act, 2014
 
 (Act
 No. 9 of 2014 
 )
 
 Last Updated 17th September, 2019
 
 [Received the assent of the Governor on the 20th March, 2014; assent first published in the Chhattisgarh Rajpatra (Asadharan)  dated the 26th March, 2014.]
 
 An Act further to amend the Indian Stamp Act, 1899 in its application to the State of Chhattisgarh.
 
 Be it enacted by the Chhattisgarh Legislature in the Sixty-fifth Year of the Republic of India, as follows : -
 
### 1. Short title and commencement.
(1) This Act may be called the Indian Stamp (Chhattisgarh Amendment) Act, 2014.
 
(2) It shall come into force from the date of its publication in the Official Gazette.
 
### 2. Amendment of Indian Stamp Act, 1899 (Central Act No. 2 of 1899), in its application to the State of Chhattisgarh.
 - The Indian Stamp Act, 1899 (No. 2 of 1899), (hereinafter referred to as the Principal Act) in its application to the State of Chhattisgarh, shall be amended in the manner hereinafter provided.
 
### 3. Amendment of Schedule 1-A.
 - In Schedule 1-A of the Principal Act, the following amendment shall be made, namely : -
 
(1) For the corresponding entries in column (2) of Article 15, the words "Two percent of the amount or value secured," shall be substituted.
 
(2) After Article 20, the following Article shall be inserted, namely : -
 
 "20-A. Clearance List. -
 
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 (a) | 
 If relating to the transactions for the purchase
 
 or sale of Government securities submitted to the clearing house
 
 of a stock exchange
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 One rupee for every rupees ten thousand or part
 
 thereof in respect of each of the entries in such list on the
 
 value of securities calculated at the making up price, or the
 
 contract price, as the case may be, subject to a maximum of
 
 rupees one thousand.
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 (b) | 
 If relating to the transactions for the purchase
 
 or sale of share scrip, debenture, stock or other marketable
 
 security of like nature in or of an incorporated company or other
 
 corporate body, submitted to the clearing house of a stock
 
 exchange.
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 One rupee for every rupees ten thousand or part
 
 thereof in respect of each of the entries in such list on the
 
 value of securities calculated at the making up price or the
 
 contract price, as the case may be."
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(3) For Article 33 and entries in corresponding column (1) and (2), the following shall be substituted, namely : -
 
 "33. Gift, Instrument of, not being a Settlement (No. 58) or Will or Transfer (No. 62): -
 
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 (a) | 
 When the donee is not a family member of the
 
 donor;
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 The same duty as a Conveyance (No. 23) for a
 
 market value equal to the market value of the property which is
 
 the subject matter of gift;
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 (b) | 
 When the donee is a family member of the donor;
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 At the rate of half percent of the market value
 
 of the property which is the subject matter of the gift.
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 Explanation. - For this purpose, family in relation to the donor shall mean the donor's father, mother, husband or wife, son, daughter, daughter-in-law, brother, sister and grandchildren."
 
(4) For Article 45, and entries in corresponding column (1) and (2), the following shall be substituted, namely : -
 
 "45. Partition Instrument of [as defined in clause (15)  of Section 2]
 
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 (a) | 
 Where the property involved in the partition is
 
 converted for - non agricultural purpose or it meant for an
 
 agricultural use;
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 Rupee two thousand for each shareholder.
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 (b) | 
 Where the property involved in the partition is
 
 agricultural land:
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 Rupees One hundred for each shareholder.
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 Provided that where there is neither any dispute
 
 nor any case pending in any Court regarding the land to be
 
 partitioned:
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 No duty chargeable
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 Provided further that the land being partitioned
 
 is not within the provisions of ceiling;
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 (c) | 
 Where a final order for effecting a partition
 
 passed by any revenue authority or any Civil Court, or an award
 
 by an arbitrator directing a partition, is stamped with the
 
 stamps required for an instrument of partition and an instrument
 
 of partition in pursuance of such order or award is subsequently
 
 executed.
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 Rupees ten."
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(5) For clause (f-1) of Article 48 and entries in corresponding column (1) and (2), the following shall be substituted, namely; -
 
 "48. (f-1) when given without consideration and authorising the agent to sell, gift, exchange or permanently alienate any immovable property situated in the State of Chhattisgarh.
 
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 (a) | 
 For a period not exceeding, two years from the
 
 date of its execution;
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 Rupees one thousand.
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 (b) | 
 For a period exceeding two years from the date
 
 of its execution or when it is irrevocable or when it does not
 
 purport to be for any definite term;
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 The same duty as Conveyance (No. 23) on the
 
 market value of such property.
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 (c) | 
 When given to father, mother, wife or husband,
 
 son, daughter, brother or sister in relation to the executants
 
 authorising such person and when it does not purport to be for
 
 any definite term.
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 Rupees one thousand."
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(6) For Article 55, and entries in corresponding column (1) and (2), the following shall be substituted, namely :-
 
 "55. Release, that is to say, any instrument (not being such release as is provided by Section 23-A) whereby a person renounces a claim upon another person or against any specified property;
 
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 (a) | 
 When they are not members of family;
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 The same duty as Bond (No. 15) for the amount of
 
 consideration or market value of the property, whichever is
 
 higher, on the share over which the claim is relinquished.
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 (b) | 
 When they are members of family;
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 Half percent of the consideration or the market
 
 value of the property, whichever is higher, on the share over
 
 which the claim is relinquished.
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 Explanation. - For the purpose of clause (b) , family in relation to the person shall mean the person's father, mother, husband or wife, son, daughter, daughter-in-law, brother, sister and grandchildren."
 

