Substitution of Schedule for Schedule I-A

In the Indian Stamp Act, 1899 as in force in the National Capital Territory of Delhi, for Schedule I-A, the following Schedule shall be substituted, namely:-

1. Short title, extent and commencement (1) This Act may be called the Indian Stamp (Delhi Amendment) Act, 2007. (2) It extends to the whole of the National Capital Territory of Delhi. (3) It shall come into force on such date as the Lieutenant Governor of the National Capital Territory of Delhi may, by notification in the Delhi Gazette, appoint.

2. Amendment of Schedule I-A Amendment of Schedule I-A In the Indian Stamp Act, 1899 (Central Act 2 of 1899) as in force in the National Capital Territory of Delhi, in Schedule I-A, for Article No. 23, the following Article shall be substituted, namely:-

Description of Instrument Proper Stamp Duty

23- CONVEYANCE as defined by section 2

1. (10) not being a transfer charged or exempted under No. 62. Three per cent of the consideration of the market value of the instrument.