Duty on transfer of property within block

Duty on transfer of property within block.—On the instruments relating to the sale, gift or mortgage of immovable property situated within the block, the stamp duty imposed under the Indian Stamp Act, 1899 (No. 2 of 1899) shall be increased by one percent on the value of such property or in the case of mortgage, on the amount secured by the instrument: Provided that the additional stamp duty levied in respect of mortgage shall not exceed the stamp duty imposed thereon: