Vidhi Codex

The Gujarat Increase of Stamp Duties Act, 1961

The Gujarat Increase of Stamp Duties Act, 1961

Tax19614 sections

The Gujarat Increase of Stamp Duties Act, 1961, regulates the cost of executing legal and financial documents in the state of Gujarat by increasing the existing stamp duty on specific transactions by ten percent. It applies to individuals and businesses executing documents like property transfers, formal agreements, bonds, clearance lists, and business memorandums. This legislation matters because it directly raises transaction costs for common legal procedures, impacting anyone purchasing property or entering into formal contracts, while generating higher revenue for the state. Additionally, it allows the government to permit using adhesive stamps for these transactions.

Start reading →Read full ActSections
  1. 1. Short title and commencement
  2. 2. Increase in stamp duties
  3. 4. Provisions of principal Act so far as not inconsistent to apply for purposes of this Act
  4. 3. Insertion of new section 11-A in Bom. LX of 1958

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