How many types of stamp papers are there in India?
How many types of stamp papers are there in India?
20, 50, 100, 500, 1000, 5000, 10000, 15000, 20000, 25000. The circulation of Stamp Papers is spiralling downwards as today we are equipped with better a tool, which is the e-Stamp Paper. e-Stamp Papers are widely used for the purpose of sealing Leave and License Agreements.
What are different types of stamp paper?
Types of stamp duty
- Non-Judicial Stamp Papers. These refer to traditional or non-judicial stamp paper, used for sale deeds, transfer of immovable property, affidavits, agreements, deeds, wills, etc.
- e-Stamping.
- Franking.
- Notary Stamps.
- Revenue Stamps.
- Hundi Paper.
- Court Fees Stamps.
- Judicial Stamps.
What is the difference between 50 RS stamp paper and 100 RS stamp paper?
Stamp Paper of Rs. 50 for General Power of Attorney/Agreement. Stamp Paper of Rs. 100 for Indemnity Bond, Guarantee Bond.
What is the difference between judicial and non judicial stamp paper?
A stamp paper which will be used in Court proceedings, e.g. for payment of Court Fee etc. is called a Judicial Stamp Paper. Whereas a stamp paper used for the purpose of execution of documents like agreement for sale of a property, deed of gift, Sale deed etc. is called a non-Judicial stamp paper.
What is judicial stamp paper?
Judicial stamp paper Generally, judicial stamp papers or court fee stamp papers are mainly used for legal and court work. Most of the cases will not be admitted without payment of court fees. To avoid cash transactions the court fees are paid through judicial stamp papers.
What is the value of 50 RS stamp paper?
50 for General Power of Attorney/Agreement. Stamp Paper of Rs. 100 for Indemnity Bond, Guarantee Bond.
What is the validity of a non judicial stamp paper?
6 months
The stamp paper do not have any EXPIRY period. The stipulation period of 6 months is only for seeking refund of the value of the Stamp paper and NOT of it’s use. There is no IMPEDIMENT FOR A STAMP PAPER PURCHASED MORE THAN 6 MONTHS PRIOR TO THE DATE OF EXECUTION TO BE USED FOR DOCUMENTATION.
What is the difference between affidavit and stamp paper?
An affidavit is a written statement of fact voluntarily made by the person under an oath or affirmation before a person authorized by law. An affidavit to be valid has to be executed on Stamp paper or duly stamped otherwise and has to be notarised by a Notary public or commissioner of oaths.
What is Ng stamp?
1. Non-Judicial Stamp Paper. Traditional stamp paper or non-judicial stamp paper is used for sale deeds, transfer of immovable property, affidavits, agreements, deeds, wills, etc. for executing the said documents in States across India.