Amendment of the Schedule

Amendment of the Schedule. —In the Schedule to the principal Act. —

1. (a) in column (3), against serial number 21, for the entry "Six rupees for such conveyance", the entry "Two rupees for every Rs. 100 or part thereof, of the fair value of the property or the amount or value of the consideration for such conveyance, whichever is higher" shall be substituted;
2. (b) for serial number 22 and the entries relating thereto in columns

1. (2) and (3), the following serial number and entries shall, respectively, be substituted, namely— "22. Conveyance as defined by section 2 (d), not being transfer charged or exempted under No.55, of immovable property situated within, —
   • (i) the Municipalities other than Municipal Corporations. Three rupees for every Rs. 100 or part thereof, of the fair value of the property or the amount or value of the consideration for such conveyance, whichever is higher.
   • (ii) the Municipal Corporations. Four rupees for every Rs. 100 or part thereof, of the fair value of the property or the amount or value of the consideration for such conveyance, whichever is higher.".