The Gujarat Increase of Stamp Duties Act, 1961

1. (1) This Act may be called the Gujarat Increase of Stamp Duties Act, 1961.

1. (2) It shall come into force on such date as the State Government may by notification in the Official Gazette appoint.

2. Notwithstanding anything contained in the Bombay Stamp Act, 1958 (hereinafter referred to as “the principal Act”), the amount of the stamp duty chargeable under the principal Act in respect of the instruments mentioned in Schedule I thereof and specified in the Schedule to this Act shall be increased by ten per cent : Provided that when the amount of the increased duty so chargeable on any instrument cannot be expressed in a whole number of naya paisa it shall be rounded off to the next higher naya paisa if the fraction be half or more, and if the fraction be less than half it shall be disregarded.

4. The provisions of the principal Act shall, except in so far as they are inconsistent with anything herein contained, apply for the purposes of this Act.

3. After section 11 of the principal Act, the following section shall be inserted, namely :– “11A. Notwithstanding anything contained in the other provisions of this Act, in the case of instruments specified in the Schedule to the Gujarat Increase of Stamp Duties Act, 1961, adhesive stamps may be used to such extent as the State Government may by notification in the Official Gazette direct.”